Global Residential Washing Machine Market 2023-2027
The residential washing machine market is forecasted to grow by USD 35.32 bn during 2022-2027, accelerating at a CAGR of 9.37% during the forecast period. The report on the residential washing machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovation leading to portfolio extension and product premiumization, an increase in growth of the online laundry market, and increased adoption of integrated smart home technology.
Technavio's residential washing machine market is segmented as below:
By Product
By Technology
- Fully automatic
- Semi-automatic
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the introduction of portable washing machines as one of the prime reasons driving the residential washing machine market growth during the next few years. Also, introduction of technologically advanced washing machines and introduction of IoT-enabled washing machine and laundry services will lead to sizable demand in the market.
The report on the residential washing machine market covers the following areas:
- Residential washing machine market sizing
- Residential washing machine market forecast
- Residential washing machine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential washing machine market vendors that include AB Electrolux, Alliance Laundry System LLC, Avanti Products LLC, Godrej and Boyce Manufacturing Co. Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., IFB Industries Ltd., LG Corp., MIDEA Group, Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Holdings Corp., Robert Bosch Stiftung GmbH, Samsung Electronics Co. Ltd., Siemens AG, Smeg S.p.a., TCL Electronics Holdings Ltd., Toshiba Corp., Transform Holdco LLC, and Whirlpool Corp.. Also, the residential washing machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.