Global Washing Machine Market Size study & Forecast, by Product (Fully Automatic (Front Load & Top Load), Semi-automatic, Dryer), by Capacity (Below 6 Kg, 6.1- 8 Kg, above 8 Kg) and Regional Analysis, 2023-2030

Global Washing Machine Market Size study & Forecast, by Product (Fully Automatic (Front Load & Top Load), Semi-automatic, Dryer), by Capacity (Below 6 Kg, 6.1- 8 Kg, above 8 Kg) and Regional Analysis, 2023-2030

Global Washing Machine Market is valued approximately USD 56.32 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.98% over the forecast period 2023-2030. A washing machine is a home equipment used for washing clothes, linens, and other fabrics. It automates the washing process, which makes it more practical and effective than washing clothes by hand. Typically, washing machines contain a tub or drum that agitates the garments in a solution of water and detergent to remove dirt, stains, and odors from the fabric. They also have various settings and controls to adjust the water temperature, wash cycle duration, and spin speed. The Washing Machine market is expanding because of factors such as rising urbanization, rising development of smart homes across the globe.

Smart homes are becoming increasingly popular as consumers seek to automate and simplify their daily tasks. Washing machines, being an essential appliance in most households, have witnessed a transformation with the integration of smart technologies. According to Statista, in year 2020 there were around 224.05 million smart homes across the world which increased to 307.82 million smart homes in year 2022 and it is projected to reach at 672.57 million smart homes users across the globe. Thus rising development of smart homes is fostering the market growth. In addition, increased usage of IoT technologies in laundry appliances and growth in the rate of infrastructural development activities is creating a lucrative growth to the market However, the high cost of Washing Machine stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Washing Machine Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players and the region's increasing technological advancement. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising residential construction, rising development of smart homes and, geographic expansion of key players.

Major market player included in this report are:
Whirlpool Corporation
Samsung Electronics Co., Ltd.
LG Electronics Inc.
Electrolux AB
Haier Smart Home Co., Ltd.
Godrej Industries Ltd.
IFB Industries Ltd.
Panasonic Corporation
Mirc Electronics Limited
Bsh Hausgeräte GmbH

Recent Developments in the Market:
In February 2022, Sharp Business Systems (India) Pvt. Ltd. unveiled a new line of top-load washers outfitted with world-class Japanese technologies.
In December 2022, The Xeros Technology Group joined together with Indian washing machine maker IFB Industries Ltd. to develop a premium range of domestic washing machines for Indian homes and railway systems. The items employ Xeros' special care technology, which enhances the washer's load performance.

Global Washing Machine Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Product, Capacity, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Fully Automatic (Front Load & Top Load)
Semi-automatic
Dryer

By Capacity:
Below 6 Kg
6.1- 8 Kg
Above 8 Kg

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Whirlpool Corporation
Samsung Electronics Co., Ltd.
LG Electronics Inc.
Electrolux AB
Haier Smart Home Co., Ltd.
Godrej Industries Ltd.
IFB Industries Ltd.
Panasonic Corporation
Mirc Electronics Limited
Bsh Hausgeräte GmbH

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