Market Insights:
The global Washing Machine Market is projected to grow from USD 54.9 Bn in 2021 to 88.13 Bn by 2030, at a CAGR of 5.4% in forecast period, 2022-2030.
Driver:
The increased adoption of Washing Machine in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Washing Machine also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Washing Machine in many sectors also boosts the market growth during the forecast period.
A washing machine is a type of electric device used to wash clothing. It eliminates the need for the user to physically touch or squeeze garments to increase comfort. It also improves the time-efficiency of clothes washing. Because washing machines are energy-efficient, simple to use, and simple to repair, they are widely utilised in the home.
Washing Machine Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product type (Fully automatic, Semi-automatic, Dryers.), By Application (Healthcare, Hospitality, Others), By Technology (Smart connected, Conventional), By Capacity (Below 6 kg, 6.1 to 8 kg, Above 8 kg), By End-Use (Commercial, Residential) and companies (MIRC ELECTRONICS LIMITED, Panasonic Corporation, BSH Home, Midea Group, Whirlpool Corporation, Toshiba Corporation, Godrej, Miele & Cie. KG, Robert Bosch GMBH, SHARP CORPORATION and Arcelik A.S., Alliance Laundry Systems LLC, Girbau North America, Electrolux Electrolux, Fisher & Paykel Appliances Ltd, GENERAL ELECTRIC COMPANY, Haier Inc., IFB Industries Limited, LG Electronics, SAMSUNG), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.4%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 88.13 Billion |
| CAGR (2022-2030) | 5.4% |
| By Product | Fully automatic, Semi-automatic, Dryers. |
| By Application | Healthcare, Hospitality, Others. |
| By Technology | Smart connected, Conventional. |
| By Capacity | Below 6 kg, 6.1 to 8 kg, Above 8 kg. |
| By End-Use | Commercial, Residential. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | MIRC ELECTRONICS LIMITED, Panasonic Corporation, BSH Home, Midea Group, Whirlpool Corporation, Toshiba Corporation, Godrej, Miele & Cie. KG, Robert Bosch GMBH, SHARP CORPORATION and Arcelik A.S., Alliance Laundry Systems LLC, Girbau North America, Electrolux Electrolux, Fisher & Paykel Appliances Ltd, GENERAL ELECTRIC COMPANY, Haier Inc., IFB Industries Limited, LG Electronics, SAMSUNG. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Washing Machine market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
MIRC ELECTRONICS LIMITED, Panasonic Corporation, BSH Home, Midea Group, Whirlpool Corporation, Toshiba Corporation, Godrej, Miele & Cie. KG, Robert Bosch GMBH, SHARP CORPORATION and Arcelik A.S., Alliance Laundry Systems LLC, Girbau North America, Electrolux Electrolux, Fisher & Paykel Appliances Ltd, GENERAL ELECTRIC COMPANY, Haier Inc., IFB Industries Limited, LG Electronics, SAMSUNG.
Market Segment Analysis:
By Product
- Fully automatic
- Front-load
- Top load
- Semi-automatic
- Dryers
By Application
- Healthcare
- Hospitality
- Others
By Technology
- Smart connected
- Conventional
By Capacity
- Below 6 kg
- 1 to 8 kg
- Above 8 kg
By End-Use
- Commercial
- Residential
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Washing Machine industries in the region.
Key Washing Machine Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Washing Machine Market segments.
– Largest Market Share Held by Industry to Industry for Washing Machine
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Washing Machine Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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