Washing Machine Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Washing Machine Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2021 | Semiconductor & Electronics

Report Digest


Washing Machine Market: Snapshot

The growing demand for products which bring convenience to consumers is a key factor fueling the demand for washing machines. The growing changes in lifestyles, increasing disposable income, and the availability of advanced technology are also boosting the growth of the global washing machines market. One of the trends seen in the washing machine market in recent times is the use of technology that reduces the use of water for washing. The growing scarcity of water worldwide and the realization that water is a limited natural resource have compelled manufacturers to devise a technology that minimizes the use of water. In addition to this, smart washing machines have also gained traction in recent times on account of the increasing penetration of IoT and smartphones. The convenience offered by smart washing machines such as ability to operate remotely, control functions of the washing machine by using smartphones, and receive notifications is expected to increase the popularity of these machines in the future.

The washing machines with higher capacity load are witnessing more demand in the last few years. In addition to this, consumers are increasingly transiting from semi-automatic washing machines to fully automatic washing machines. Technological advancements will continue to drive the growth of this market. Increasing replacements made from conventional washing machines to advanced and latest machines will ensure a growth of the market in developed nations. The increasing population and improvement in economy will drive the growth of this market in the developing nations.

Global Washing Machine Market: Overview

The world washing machine market is prognosticated to rake in ample amount of demand from the residential sector as consumers find a heated inclination toward smart and connected products. Vendors in the market are taking to products which can be managed and controlled with a few touches on the consumer’s smartphone. Commercial dryers could gain traction as manufacturers introduce heat pump technology in the wake of energy consumption rising to an alarming level. Moreover, government initiatives to support controlled energy consumption, digitalization, and a large demand in developing economies are expected to add to the growth of the market.

The segmentation part of the report presented here could include an expert analysis on the basis of important classification groups such as capacity, technology, product, application, and end use. Commercial laundry equipment are envisaged to appeal to government, hospital, and hospitality sectors with outsourcing deemed as a powerful trend of growth.

The publication compiled on the global washing machine market sheds light on the critical factors of growth, market opportunities, restraints, market value chain, and more aspects to help analyze the industry at a professional level. Report buyers can access a customized evaluation of the global market to take confident strides toward a realistic growth.

Global Washing Machine Market: Trends and Opportunities

As a result of the advent of innovative solutions in the laundry sector, the commercial washing machine market is expected to accept a transition. This could push the need for increased automation in laundry services, which is foreseen to prepare a fine ground for the global washing machine market to build on a robust growth. One of the notable revolutions in the laundry sector is the shift from coin laundries to card-based or digital laundry payment services. As a favorable consequence, the demand for smart connected washing machines is foretold to intensify even more with swiftly changing lifestyle of consumers and mushrooming preference for convenience.

For the forecast period, the international washing machine market could invite an optimistic impact as newer technologies take precedence to address the demand for water and power efficient, next generation products. In order to control the consumption of energy, governments especially in North America are asking consumers to prefer energy-efficient appliances with smart grids. This is foreseen to aggravate the manufacturing efforts to develop technologically sophisticated products.

Global Washing Machine Market: Regional Outlook

The regional demand in the international washing machine market is predicted to augment with the rising preference for smart connected and fully automatic products in the developing countries of Vietnam, India, and Indonesia. The demand is anticipated to swell further as the populations in these countries falling under the middle-income bracket see a rise. The washing machine market in China could experience a high level of penetration of different types of products, thus allowing the market to increase its growth. In 2015, Asia Pacific took hold of a whopping share in the global washing machine market.

North America is forecasted to not fall behind by much distance from Asia Pacific, owing to the rising want for smart washing machine to replace their traditional counterparts. In the U.S., the demand has grown dramatically with the elevating awareness of products bearing the ENERGY STAR certification.

Global Washing Machine Market: Companies Mentioned

Most manufacturers in the world washing machine market are counting on the formulation of holistic distribution mediums with a view to widen their clientele base. Some of the interesting strategies adopted by the top vendors in the global market are substantial focus on supply chain management through vital investments and improvement of product assortments. Among others, Electrolux AB, LG Electronics Inc., Samsung Electronics Co. Ltd., and Whirlpool Corporation are deemed to be the leading players in the market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?