Global Washing Machine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Washing Machine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global washing machine market report has been segmented on the basis of type, technology, capacity, end user, and region.
Global Washing Machine Market: Overview
Washing machines are electronic appliances that are used to clean and wash apparels automatically. These machines aids to wash multiple garments at the same time and reduces the manual process of soaking, washing, and drying.
Global Washing Machine Market: Dynamics
Washing machine market is estimated to register significant growth, owing to increasing demand from commercial industries such as hospitality, healthcare etc. In addition, a growing chain of commercial laundries is one of the key factors expected to fuel demand for washing machines which turns in growth of the target market. Availability of washing machines in various specifications coupled with the integration of smart technology is one of the major factor anticipated to drive growth of the target market. Increasing penetration of smartphone and the Internet has led to increased awareness regarding innovative and smart washing machines which turns in growth of the global market. Increasing urbanization, changing a lifestyle of population coupled with disposable income are key factors expected to support growth of the target market. Increasing investment in R&D activities and technological advancements into washing machines such as controlling washing machine by using mobile apps are some factors among other anticipated to fuel growth of the global market over the forecast period. Increasing demand for fully automatic machines is attributed to busy lifestyle of working population and hence expected to propel growth of the target market. Recent trend shows that manufacturers are focusing on the development and manufacturing of some energy-efficient products, owing to the various energy labels and energy efficiency policies.
Global Washing Machine Market: Segment Analysis
On the basis of type, the fully automatic segment is expected to account a significant share of the global market in terms of revenue owing to, increasing demand for residential application and minimal requirement of supervision.
On the basis of technology, the smart connected washing machine segment is expected to register significant growth, owing to increasing inclination towards convenience and changing lifestyle.
On the basis of end-user, the commercial segment is estimated to witness considerable growth, owing to the increasing number of commercial laundries and demand for hospitality and healthcare industries.
Global Washing Machine Market: Regional Analysis
Washing machine market in Asia Pacific is estimated to register significant growth, owing to the growing demand for smart connected and fully automatic washing machines. In addition, the growing base of middle-class populace coupled with increasing disposable income is one of the major factors anticipated to drive target market growth. Presence of major players in the emerging countries such as India and China is another factor expected to support growth of the target market.
Rising demand for energy efficient and cost effective washing machines is a factor expected to drive growth of North America market. In addition, quick adoption of new technologies and smart devices is a key factor anticipated to propel growth of the target market in the region.
Global Washing Machine Market Segmentation:
Segmentation by Type:
- Fully automatic
- Front load
- Top load
Segmentation by Technology:
- Conventional washing machine
- Smart connected washing machine
Segmentation by Capacity:
- Below 6 kg
- 1 to 8 kg
- Above 8 kg
Segmentation by End user:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- AB Electrolux (publ)
- Alliance Laundry Systems LLC
- Fisher & Paykel Appliances Limited (Haier Group Corporation)
- Girbau, SA.
- IFB Industries Ltd.
- LG Electronics Inc.
- Panasonic Corporation
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
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