Global Washing Machine Market, By Product (Fully Automatic, Semi-Automatic, Dryers), Technology (Smart Connected, Conventional), Capacity (Less than 6KG, 6.1-8KG, Above 8KG), End Use (Commercial, Residential), Application (Healthcare, Hospitality, Others), Sales Channel (E-Commerce, Retail Chains, Direct Sales), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The washing machine market is expected to witness market growth at a rate of 8.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on washing machine market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the needs for differentiated products and services is escalating the growth of washing machine market.
The properties of washing machines, like the washing clothes, heating, drying and others, with several technological developments which leads to their higher effectiveness, in terms of electricity and saving water.
Major factors that are expected to boost the growth of the washing machine market in the forecast period are the rise in the acceptance of laundry services that are accessible over the internet. Furthermore, the rise in the need in the homes for washing laundry, because they save time and energy is further anticipated to propel the growth of the washing machine market. Moreover, the growing of the use of smart and connected technology because the incidence of IoT is further estimated to cushion the growth of the washing machine market. On the other hand, the rise in the consumption of resources regarding these goods is projected to further impede the growth of the washing machine market in the timeline period.
In addition, the rise in the levels of disposable income of consumers around the world will further provide potential opportunities for the growth of the washing machine market in the coming years. However, the rise in the expenses of smart washing machines with latest technology might further challenge the growth of the washing machine market in the near future.
This washing machine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on washing machine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Washing Machine Market Scope and Market Size
The washing machine market is segmented on the basis of product, technology, capacity, end use, application and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the washing machine market is segmented into fully automatic, semi-automatic, dryers. Fully automatic is further sub segmented into front load and top load.
- On the basis of technology, the washing machine market is segmented into smart connected, and conventional.
- On the basis of capacity, the washing machine market is segmented into less than 6kg, 6.1-8kg, and above 8kg.
- On the basis of end use, the washing machine market is segmented into commercial, and residential.
- On the basis of application, the washing machine market is segmented into healthcare, hospitality, and others.
- On the basis of sales channel, the washing machine market is segmented into e-commerce, retail chains, and direct sales.
Washing Machine Market Country Level Analysis
The washing machine market is analysed and market size, volume information is provided by country, product, technology, capacity, end use, application and sales channel as referenced above.
The countries covered in the washing machine market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the washing machine market due to the rise in the trend of washing machine because of their compatibility and user-friendliness features. Furthermore, the advancing countries and the rapid urbanization will further boost the growth of the washing machine market in the region during the forecast period. North America is projected to observe significant amount of growth in the washing machine market due to the rise in the alertness of ENERGY STAR certified products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Washing Machine Market Share Analysis
The washing machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to washing machine market.
The major players covered in the washing machine market report are Alliance Laundry Systems LLC, Girbau North America, AB Electrolux, Fisher & Paykel Appliances Ltd, General Electric Company, Haier Group, IFB Industries Limited, LG Electronics, MIRC ELECTRONICS LIMITED, Panasonic Corporation, BSH Home, Whirlpool Corporation, Midea Group, SAMSUNG, Toshiba Corporation, Godrej.com, Miele & Cie. KG, Robert Bosch GMBH, SHARP CORPORATION, Arcelik A.Ş., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Washing Machine Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.