Global Washing Machine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Washing Machine Market Report has been segmented on the basis of type, technology, capacity, end-user, and region.
Washing Machine Market: Overview
“The Washing Machine Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Washing machines are electronic appliances that are used to clean and wash apparel automatically. These machines aid to wash multiple garments at the same time and reduces the manual process of soaking, washing, and drying.
Washing Machine Market: Dynamics
The 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 the growth of the target market.
Availability of washing machines in various specifications coupled with the integration of smart technology is one of the major factors anticipated to drive the growth of the target market.
Increasing penetration of smartphones and the Internet has led to increased awareness regarding innovative and smart washing machines which turns to the growth of the global market.
Increasing urbanization, and changing the lifestyle of the population coupled with disposable income are key factors expected to support the growth of the target market.
Increasing investment in R&D activities and technological advancements in washing machines such as controlling washing machines by using mobile apps are some factors among others anticipated to fuel the growth of the global market over the forecast period.
Increasing demand for fully automatic machines is attributed to the busy lifestyle of the working population and hence expected to propel the 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.
Washing Machine Market: Segment Analysis
On the basis of type, the fully automatic segment is expected to account for a significant share of the global market in terms of revenue owing to, increasing demand for residential applications 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 lifestyles.
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.
Washing Machine Market: Regional Analysis
The washing machine market in the 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 the middle-class populace coupled with increasing disposable income is one of the major factors anticipated to drive target market growth.
The presence of major players in emerging countries such as India and China is another factor expected to support the growth of the target market.
The rising demand for energy-efficient and cost-effective washing machines is a factor expected to drive the growth of the North American market.
In addition, the quick adoption of new technologies and smart devices is a key factor anticipated to propel the growth of the target market in the region.
Washing Machine Market Segmentation:
Segmentation by Type:
- Fully automatic
- 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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