China Laundry Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

China Laundry Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Laundry appliance is a machine used for cleaning and rinsing of textiles by using water but is not limited to washing only. It can also be used for drying purposes. In the past few years, due to increasing disposable income and improved standard of living there has been robust demand for laundry appliances in the China market. Technological advancement has empowered producers to add innovative features to the products to boost the performance and set themselves apart from competitors. Today consumers are provided with a variety of choices in the market ranging from color, shape, design to various after-sales services, credit facility, and other such benefits, providing comfort and better experience to the user. The addition of such features will boost the China Laundry Appliances Market.

Key Market TrendsIncreasing Disposable Income is Driving the Market

China Laundry Appliances Market is witnessing growth owing to increasing disposable income that is leading to the purchase of laundry appliances. Increasing urbanization, changing a lifestyle of population coupled with disposable income are key factors expected to support the growth of the market. Growth in the population living in urban areas resulting in increased levels of disposable income that have made these appliances affordable; these factors are expected to drive the market growth. The rise in per capita income in the country which has increased the disposable income has led to an increase in consumer spending which acts as a major driving force. Appliances like these are making life easier for customers hence increasing the demand for these products.

Washing Machine Segment

The increasing demand for washing machines is expected to provide an impetus to the industry growth. The increasing demand for energy-efficient devices is driving the washing machines demand in China. The introduction of next-generation washing machine utilizing technology for the efficient use of electricity and water is expected to have a positive impact on the demand for these products. Technological and innovative advancement related to washing machines presents a major opportunity for manufactures operating in this market. The demand for washing machines is witnessing a continuous rise, owing to less availability of time to laundry by an increasing number of individuals due to their hectic lifestyle.

Competitive Landscape

The report covers major international players operating in the China laundry appliances market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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