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The global residential washing machine market reached a value of US$ 39.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 51.91 Billion by 2027, exhibiting a CAGR of 4.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global residential washing machine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, technology, machine capacity and distribution channel.
Breakup by Product:
Breakup by Technology:
Breakup by Machine Capacity:
Breakup by Distribution Channel:
Breakup by Region:
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 (Robert Bosch Stiftung GmbH), Samsung Electronics Co. Ltd., Toshiba Corporation and Whirlpool Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Product, Technology, Machine Capacity, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 (Robert Bosch Stiftung GmbH), Samsung Electronics Co. Ltd., Toshiba Corporation and Whirlpool Corporation.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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