Washing Machine Market

Washing machine is an electronic home appliance that is used to wash the various types of clothes without applying any physical efforts. The washing machine also offers automatic cleaning of laundry without having any operational supervision. It automatically takes in the required amount of water and detergent and sets the timer for washing, rinsing and drying according to the selected mode and the amount of clothes.

To have an edge over the competition by knowing the market dynamics and current trends of “Washing Machine Market”, request for Sample Report here

Increasing urbanization, rising adoption of smart electronic devices, and growth in the production of clothing products are some of the major drivers for the global washing machine industry. Additionally, rising adoption of corporate work culture, increasing per capita spending of household on electronic equipment, rapidly changing consumer lifestyle together with the growing preference for convenience are the major factors contributing to the growth in the demand of washing machines industry over the forecast period. Moreover, gradual increase in the demand of commercial laundry equipment coupled with the digital laundry payment systems is further supporting the market growth globally. On the other hand, high consumption of electricity and fluctuation in the prices of raw materials are expected to hamper the market growth. However, technological advancement, increasing use of IoT technology in these devices, and the introduction of next-generation washing machines that allow efficient use of electricity and water are expected to provide huge growth opportunities for the market during the forecast period.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on product, the market is segmented into fully automatic, semi-automatic, dryers. The fully automatic washing machine segment is expected to grow at a higher CAGR during the forecast period owing to the wide range of benefits offered by fully automatic machine which including easy operation, less water consumption, compact size, effective cleaning, and automatic intervention.

Based on technology, the market is segmented into smart connected machines and conventional machines. The smart connected machines segment is expected to grow at a faster CAGR during the forecast period. This can be attributed to the changing consumer lifestyle, growing preference for comfort, and increasing demand for smart home appliances that allows managing and controlling through smartphones.

Based on capacity, the above 6 Kg segment is projected to dominate the market primarily due to the increasing demand of washing machines from various sectors including hotels, hospitals, laundry services, and others.

Based on end-use, the market is segmented into commercial and residential. The commercial end-use segment is expected to grow at a faster CAGR during the forecast period owing the rising laundry service businesses coupled with the growing adoption of card based payment system and online laundry services globally.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the region, Asia-Pacific region is anticipated to lead the washing machine market during the forecast period. This is primarily due to the growing economies including China, Japan, India, and South Korea, rising per capita income of population, and rising demand of home appliances in the region. North America is projected to grow at a higher CAGR in the washing machine market owing to the increasing trend of laundromat and common laundry room in the region. Moreover, rapid economic development, increased standard of living, the growing number of smart homes are further supporting the growth of the washing machine industry in the region.

Various notable players operating in the global washing machine market include Alliance Laundry Systems LLC, AB Electrolux, IFB Industries Ltd., LG Electronics, Godrej Group, White-Westinghouse International, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, Whirlpool Corporation, and Videocon Industries Limited, among other companies. 

Key Developments:

• • In 2020, White-Westinghouse International, a division of Electrolux Home Products, Inc. and one of the leading consumer appliance company collaborated with Superplastronics Pvt. Ltd. (SPPL) to enter into the Indian market with the launch of its washing machines range of 7 kg, 6 Kg and 9 kg washing machine category on Amazon.in.
  • In 2020, Godrej Group launched Godrej EDGE Ultima Semi-Automatic washing machine featuring a 460W Power Max Motor and a 1440 RPM Spin Motor that ensures faster drying, especially during monsoons. It is launched in 3 colours including Crystal Red, Crystal Black and Crystal Blue in 6 Kg and 8.5 kg variants.

The global washing machine market has been segmented on the product, technology, capacity, end-use, and region. On the basis of product, the market is segmented into fully automatic, semi-automatic, dryers. Based on technology, the market is segmented into smart connected machines and conventional machines. Based on capacity, the market is segmented into below 6 Kg and above 6 Kg. Based on end-use, the market is segmented into commercial and residential.

For detailed scope of the “Washing Machine Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Washing Machine market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Washing Machine market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Washing Machine market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various end-users of global Washing Machine market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, by Technology, By Capacity, By End-Use, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Alliance Laundry Systems LLC, AB Electrolux, IFB Industries Ltd., LG Electronics, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Godrej Group, White-Westinghouse International, Siemens AG, Whirlpool Corporation, Videocon Industries Limited among others; a total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Washing Machine Market by Product

• • Fully Automatic
  • Front Load
  • Top Load
  • Semi-Automatic
  • Dryers

Global Washing Machine Market by Technology

• • Smart Connected Machines
  • Conventional Machines

Global Washing Machine Market by Capacity

• • Below 6 Kg
  • Above 6 Kg

Global Washing Machine Market by End-Use

• • Commercial
  • Residential

Global Washing Machine Market by Region

• • North America Washing Machine Market (Option 1: As a part of the free 25% customization)
    • North America Washing Machine Market by Product
    • North America Washing Machine Market by Technology
    • North America Washing Machine Market by Capacity
    • North America Washing Machine Market by End-Use
    • US Washing Machine Market All-Up
    • Canada Washing Machine Market All-Up
  • Europe Washing Machine Market (Option 2: As a part of the free 25% customization)
    • Europe Washing Machine Market by Product
    • Europe Washing Machine Market by Technology
    • Europe Washing Machine Market by Capacity
    • Europe Washing Machine Market by End-Use
    • UK Washing Machine Market All-Up
    • Germany Washing Machine Market All-Up
    • France Washing Machine Market All-Up
    • Spain Washing Machine Market All-Up
    • Rest of Europe Washing Machine Market All-Up
  • Asia-Pacific Washing Machine Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Washing Machine Market by Product
    • Asia-Pacific Washing Machine Market by Technology
    • Asia-Pacific Washing Machine Market by Capacity
    • Asia-Pacific Washing Machine Market by End-Use
    • China Washing Machine Market All-Up
    • India Washing Machine Market All-Up
    • Japan Washing Machine Market All-Up
    • Rest of APAC Washing Machine Market All-Up
  • RoW Washing Machine Market (Option 4: As a part of the free 25% customization)
    • RoW Washing Machine Market by Product
    • RoW Washing Machine Market by Technology
    • RoW Washing Machine Market by Capacity
    • RoW Washing Machine Market by End-Use
    • Brazil Washing Machine Market All-Up
    • South Africa Washing Machine Market All-Up
    • Saudi Arabia Washing Machine Market All-Up
    • UAE Washing Machine Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Washing Machine Market All-Up

Global Washing Machine Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Alliance Laundry Systems LLC
  • AB Electrolux
  • IFB Industries Ltd.
  • LG Electronics
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Siemens AG
  • Whirlpool Corporation
  • Videocon Industries Limited
  • Godrej Group
  • White-Westinghouse International