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Dishwasher Demand is Being Fueled by Changing Lifestyles as a Result of Rapid Urbanization and Rising Spending Power

The dishwasher market is estimated at US$ 34,194.8 Mn in 2022 and is projected to reach US$ 58,409.6 Mn by 2032, at a CAGR of 5.5% from 2022 to 2032. Share of dishwasher market in its parent market (house appliance market) is approximately ~2%-6%.

Dishwasher demand is being fueled by changing lifestyles as a result of rapid urbanization and rising spending power in developing countries such as China, Taiwan, India, and Brazil.

Working professionals’ busy schedules encourage them to use kitchen equipment that helps them save time. Manufacturers in the appliance industry have benefited from the growing significance of water conservation by providing solutions that use less water than is required.

Manufacturers have been investing in product development in recent years to bring new benefits to consumers. Sensors and features have been put into the device that can be connected to cellphones for the operation of the machine.

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Key Takeaways from Market Study

  • Increasing Internet penetration and consumer enthusiasm toward connected devices are laying the foundation for the growth of the U.S. dishwasher market.
  • The market is currently experiencing a shift in consumer preference from conventional to smart dishwashers.
  • As per the analysis, sales of dishwashers in the residential category are expected to reflect high growth.
  • Built-in dishwashers account for around half of the overall market share in the United States.

“The dishwasher market in the U.S. has gone through a significant transformation, from a functional product to a stylish one. Consumers prefer varieties of a product category for different reasons. Manufacturers are therefore launching different dishwasher offerings to cater to this factor,” says an analyst at Persistence Market Research.

Key Market Players

The report highlights important trends in the competitive scenario of the dishwasher market in the United States, along with the highlights of differential marketing strategies used by players in the market. Established players in the U.S. market account for 60% to 65% market share.

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Some of the key players identified across the value chain include BSH Home Appliances Corporation, LG appliance, Whirlpool Corporation, Electrolux AB, Haier America Company LLC, and IFB Industries Limited, among others.

By Product Type:
  • Freestanding
  • Built-in
By Application:
  • Commercial
  • Residential
By Sales Channel:
  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarket/Supermarkets
  • Online Retailers
  • Other Sales Channel
By Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Key Statistics

1.3. Summary of Key Findings

1.4. Product Evolution Analysis

1.5. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Winning Themes

3.3. Key Product Development Trends

3.3.1. Product Launches

3.3.2. Acquisition & Mergers

3.3.3. Expansion

4. Key Regulations

4.1. Packaging & Labelling Regulations

4.2. Certifications (Organic)

4.3. Import/Export Regulations

TOC Continued……..

Frequently Asked Questions

  • How big is the dishwasher market?
  • At what rate did the global dishwasher market grow between 2017 and 2021?
  • What are the key trends driving hand-dishwashing sales?
  • Who are the leading players in the dishwasher market?

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Dishwasher Demand is Being Fueled by Changing Lifestyles as a Result of Rapid Urbanization and Rising Spending Power appeared first on Future Market Insights.

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