Washing Machine Market Size, Top Key Players, Industry Analysis & Forecast by 2029- Hisense, Hitachi, Bosch, Electrolux AB, Haier, Whirlpool
MarketInsightReport is one of the world’s leading market research firms, is pleased to announce its new Washing Machine Market report 2023-2029, covering all aspects of the market and providing up-to-date data on current trends.
The Washing Machine Market Report is a valuable source of insightful data for business strategists. It offers an in-depth valuation of numerous features of industries such as market overview, present development valuations, historical and future assessment, present trends, Porter’s five forces analysis, SWOT valuations and clients operating in numerous regions. The data reports also offer valuable data to enlarge the understanding, scope, Types and application of this report. The report covers detailed study of Washing Machine market segmentation, regional and country breakdown. This Research will provide a clear and precise idea about the complete market to the readers to take beneficial decisions.
The market is projected to grow from USD 65.18 billion in 2022 to USD 80.24 billion in 2029 at a CAGR of 15.5% in the 2022-2029 period.
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Market key Players: – Hisense, Hitachi, Bosch, Electrolux AB, Haier, Whirlpool, BEKO, LG, Samsung, Panasonic, Midea Group and Others.
Segment by Type:
Top load
Front-load
Others
Based on product, the market is segmented into fully automatic, semi-automatic, and dryer. Fully automatic is estimated to hold the prominent share due to consumers progressively willing to spend more on technologically advanced products. In addition, the product’s ability to wash and dry in the same drum, which helps to save washing time, assists in heightening the preference rate.Semi-automatic and dryers are also witnessing a robust market presence because it is user-friendly, especially among older adults, which has boosted its demand. Furthermore, a large number of consumers who prefer owning separate drying machines is helping to generate traction.
Segment by Applications:
Below 5 Kg
5-7 Kg
7-9 Kg
Above 9 Kg
Others
Latest Trends
The advancement of science and technology has led to an increased usage of IoT technologies in washing machines. This technology will help increase the simplicity of the washing process as it will monitor, alert, and control the machine through intelligent devices. For instance, Haier’s data in September 2018, states the launch of its smart laundry services in New Delhi, India. This launch provides IoT washing machines connected to the cloud and can be separately managed through an app using a smartphone device.
KEY INDUSTRY DEVELOPMENTS:
Xiaomi announced the launch of its Mija smart washing machine and dryer pro. This comes with remote control functionality and the ability to dispense detergent smartly.
UClean declared its partnership with Alliance Laundry System. The partnership will result in Alliance Laundry Systems’ supply equipment value of 4.67 USD million to UClean for the coming 3 years.
The Washing Machine Market report covers analysis of following regions:
1. South America Covers Argentina and Colombia, Brazil etc.
2. North America Covers Canada, United States, and Mexico etc.
3. Europe Market Covers UK, France, Italy, Germany, and Russia etc.
4. The Middle East and Africa Covers UAE, Saudi Arabia, Egypt, Nigeria, and South Africa etc.
5. Asia Pacific Covers Korea, Japan, China, Southeast Asia, and India etc.
North America is projected to display a strong presence in the global market. The rising involvement of people in outdoor outings has increased the change of clothing, which acts as a propelling factor in spiking the consumption rate. For instance, the data issued by the Outdoor Industry.Org, in 2022, the the people in the United States are estimated to go in 1 billion fewer outdoor outings.
Asia Pacific is leading in terms of the global washing machine market share, boasting USD 20.91 billion in 2022. The rising disposable income has led to fueling the purchasing power, especially among middle and lower-income earners, thus increasing the consumption rate.
Key highlights of the Market report:
– Recent Progress rate
– Renumeration prediction
–Global Consumption graph
– global business concentration ratio
– Worldwide Secondary business competitors
– Worldwide Competitive structure
– Important restraints
– Worldwide Market drivers
– Regional bifurcation
– Competitive hierarchy
– Current market tendencies
– Worldwide Market concentration analysis
Browse Full Report and TOC:-
https://www.marketinsightsreports.com/reports/101710169210/2022-2029-global-washing-machine-market-report-production-and-consumption-professional-analysis-impact-of-covid-19?mode=137&source=xh
Following are major TOC of Washing Machine Market:
Chapter 1: Market Overview, Product Overview, Product Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Current Business News and Policies.
Chapter 2: Industry Chain evaluations, Upstream Raw Material Suppliers, Main Players, Production Process Analysis, Cost Analysis, Market Channels, and Major Downstream Buyers.
Chapter 3: Value Study, Production, Progress Rate and Price Analysis by Type.
Chapter 4: Worldwide Market Downstream Features, Consumption and Market Share by Application.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Washing Machine by Regions.
Chapter 6: Washing Machine Production, Consumption, Export, and Import by Regions.
Chapter 7: New Market Status and SWOT Analysis by Regions.
Chapter 8: Worldwide Competitive Landscape, Product Introduction, Business Profiles, Market Distribution Status by Companies.
Chapter 9: Market assessment and Forecast by Type and Application.
Chapter 10: Global Market assessments and Forecast by Regions.
Chapter 11: Washing Machine Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.
Chapter 12: Global Market Conclusion of the Complete Report.
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