Residential Washing Machine Market Size Worth US$ 51.91 Billion by 2027 | CAGR 4.50%

Published February 13, 2023

According to IMARC Group’s latest report, titled “Residential Washing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the  global residential washing machine market size reached a value of US$ 39.38 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 51.91 Billion by 2027, exhibiting a CAGR of 4.50% during 2022-2027.

Washing machines are household appliances commonly used to wash laundry with detergent. They include semi and fully automatic machines that help with washing, rinsing, and drying without requiring manual control of different processes. They save time and are easier to clean, operate, and repair than other electrical devices. At present, residential washing machines are available in numerous sizes and styles based on the budget, lifestyle, and size of the customer’s house.

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Residential Washing Machine Market Trends:

The global residential washing machine market is primarily driven by rising product adoption due to continuous improvements in rural electrification. Additionally, several favorable initiatives taken by governments of numerous countries to develop rural households are positively influencing the market growth.

Moreover, the rising demand for residential washing machines due to the hectic lifestyles of individuals and less time for laundry coupled with enhanced comfort levels and convenience offered by them is another major growth-inducing factor. Furthermore, several key players are investing in research and development (R&D) activities to launch innovative product variants that are highly efficient in saving water and electricity, thereby contributing to market growth. Other factors, including the rising affordability of washing machines, inflating consumer disposable incomes, rapid expansion in the e-commerce sector, and continual technological advancements, are also anticipated to propel the market growth.

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Residential Washing Machine Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the residential washing machine market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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
  • Samsung Electronics Co. Ltd.
  • Toshiba Corporation
  • and Whirlpool Corporation.

Key Market Segmentation:

The report has segmented the wheat starch market on the basis of product type and platform.

Breakup by Product:

  • Fully Automatic
  • Semiautomatic
  • Dryer

Breakup by Technology:

  • Top Load
  • Front Load

Breakup by Machine Capacity:

  • Below 6 Kg
  • 6 to 8 Kg
  • 8 Kg and Above

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Department Stores
  • E-Commerce
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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