Global Home Laundry Appliances Market By Product (Washers, Dryers, Steamers, Smoothing Irons, Others), Technology (Automatic, Semi-Automatic, Others), Type (Built-In, Freestanding), Distribution Channel (Retail, Direct, E-Commerce, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Home Laundry Appliances Market
Global Home Laundry Appliances Market is expected to grow with a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018, and the historic year of 2017. This rise in market value can be attributed to the growing expenses on clothes and purchasing power of individuals.
Market Definition: Global Home Laundry Appliances Market
Home laundry appliances are those devices/equipments that are used to clean the clothes and textiles of a household, these appliances majorly consist of washing machines and dryers. It involves the usage of detergent and water to clean fabrics/clothes inside a washing machine, while a dryer is used to remove the moisture from the clothes after they have been washed.
- Growing innovations and advancements in the technologies utilized resulting in effective and advanced product offerings; this factor is expected to act as a driver for the market growth
- Concerns regarding water and energy saving resulting in adoption of environmental friendly substitutes; this factor is expected to restrain the market growth
Segmentation: Global Home Laundry Appliances Market
- By Product
- Smoothing Irons
- By Technology
- By Type
- By Distribution Channel
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In January 2019, SAMSUNG announced the launch of consumer home appliances integrated with “Bixby” SAMSUNG’s voice assistant at the CES 2019 held in Las Vegas, United States. With the integration of its smart voice assistant, users can organize and schedule the washing periods. “Bixby” also suggests the washing pattern according to the load and color patterns.
- In August 2018, Flipkart.com launched washing machines under their private label brand “MarQ”. The new machines will be equipped with all the essential technologies and qualitative accessories, at affordable pricing.
Competitive Analysis: Global Home Laundry Appliances Market
Global home laundry appliances market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of home laundry appliances market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Home Laundry Appliances Market
Few of the major competitors currently working in the home laundry appliances market are Godrej.com; Midea Group; Electrolux; Haier lnc.; Flipkart.com; Koninklijke Philips N.V.; Hitachi Appliances, Inc.; SAMSUNG; Whirlpool Corporation; IFB Industries Limited; LG Electronics; BSH Home Appliances Group; Candy; Miele & Cie. KG; SHARP CORPORATION and Panasonic Corporation.
Research Methodology: Global Home Laundry Appliances Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure