Residential Washing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global residential washing machine market size reached US$ 41.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.32% during 2023-2028.
Washing machines are home appliances widely used to wash the laundry with detergent. They comprise semi-automatic and fully automatic machines that assist in washing, rinsing, and drying without the need to supervise different operations. They save time and are easier to clean, operate, and repair compared to other electrical devices. Presently, they are available in multiple sizes and styles depending on the budget, lifestyle, and the size of the user’s house.
Residential Washing Machine Market Trends:
At present, the growing affordability of washing machines, along with the inflating income levels of individuals around the world, represents one of the key factors driving the market. Moreover, there is an increase in the demand for residential washing machines due to continuous improvements in rural electrification. This, coupled with various initiatives undertaken by the government of several countries to develop rural households, is contributing to the growth of the market. In addition, various benefits offered by residential washing machines, such as enhanced comfort level and convenience, are propelling the growth of the market. Besides this, key market players are extensively investing in research and development (R&D) activities to integrate technological advancements in washing machines and introduce product variants that are highly efficient in saving water and electricity. This is strengthening the growth of the market. Apart from this, the escalating demand for residential washing machines among the masses due to hectic lifestyles and less time for laundry is bolstering the growth of the market. Additionally, the wide availability of residential washing machines through online and offline distribution channels, in confluence with the burgeoning e-commerce sector, is offering lucrative growth opportunities to industry investors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global residential washing machine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, technology, machine capacity and distribution channel.
Breakup by Product:
Fully Automatic
Semiautomatic
Dryer
Breakup by Technology:
Top Load
Front Load
Breakup by Machine Capacity:
Below 6 Kg
6 to 8 Kg
8 Kg and Above
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Department Stores
E-Commerce
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Electrolux AB, Godrej Consumer Products Ltd., Haier Group Corporation, Hitachi Ltd., IFB Industries Limited, LG Electronics Inc., Midea Group, Miele, Panasonic Holdings Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Toshiba Corporation and Whirlpool Corporation.
Key Questions Answered in This Report
1. What was the size of the global residential washing machine market in 2022?
2. What is the expected growth rate of the global residential washing machine market during 2023-2028?
3. What are the key factors driving the global residential washing machine market?
4. What has been the impact of COVID-19 on the global residential washing machine market?
5. What is the breakup of the global residential washing machine market based on the product?
6. What is the breakup of the global residential washing machine market based on the technology?
7. What is the breakup of the global residential washing machine market based on the machine capacity?
8. What is the breakup of the global residential washing machine market based on the distribution channel?
9. What are the key regions in the global residential washing machine market?
10. Who are the key players/companies in the global residential washing machine market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Residential Washing Machine Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product
- 6.1 Fully Automatic
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Semiautomatic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Dryer
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Technology
- 7.1 Top Load
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Front Load
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Machine Capacity
- 8.1 Below 6 Kg
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 6 to 8 Kg
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 8 Kg and Above
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Distribution Channel
- 9.1 Supermarket and Hypermarket
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Specialty Store
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Department Store
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 E-Commerce
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Electrolux AB
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Godrej Consumer Products Ltd.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Haier Group Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Hitachi Ltd.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 IFB Industries Limited
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 LG Electronics Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Midea Group
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.8 Miele
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Panasonic Holdings Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Robert Bosch GmbH
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 SWOT Analysis
- 15.3.11 Samsung Electronics Co. Ltd.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 Toshiba Corporation
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.13 Whirlpool Corporation
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
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