Washing Machine Market Growth, Revenue, Trends, Scope, Manufactures and Future Share 2033: SPER Market Research

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Published: May 2023	Report ID: MACH2327	Pages: 1 - 239	Formats^*:
Category : Equipment and Machinery

Global Washing Machine Market Overview

According to SPER Market Research, the Global Washing Machine Market is estimated to reach USD 132.22 billion by 2033 with a CAGR of 7.36%.

A washing machine is a convenient appliance that saves time and effort when it comes to cleaning clothes. It automates the process by agitating, rinsing, and spinning the clothes, leaving them clean and ready to be dried. It is an essential appliance in most households, making laundry chores much more manageable and efficient.

Exploring the Growth Drivers of the Global Washing Machine Industry.

Several factors that affect the global washing machine market influence its development and acceptance. The demand for household appliances, including washing machines, has increased as a result of rising population and rising living standards. Washing machines are now more effective at removing dirt and germs as a result of rising hygiene and cleanliness awareness as well as technological advancements, particularly in urban settings where time is at a premium. A time-saving option for people with many responsibilities, washing machines have become more and more popular as a result of busy lifestyles. Technological advancements and innovations have made washing machines more energy-efficient, user-friendly, and durable, reducing water and energy consumption. Moreover, improved manufacturing processes and increased competition have made washing machines more affordable and accessible to a wider range of consumers. These factors collectively contribute to the widespread use and popularity of washing machines worldwide.

What challenges does the Global Washing Machine Market face?

Numerous obstacles that affect the operation and expansion of the global washing machine market exist. As they compete for customers with cutting-edge features and affordable prices, manufacturers face intense competition, which is a significant barrier. Another issue is the impact on the environment because traditional washing machines use a lot of water and energy, which strains resources and emits greenhouse gases. The challenge for manufacturers is to create more environmentally friendly machinery. Cost fluctuations for raw materials make production and pricing challenging. While promoting growth, technological advancements call for skilled technicians for maintenance and repair. Manufacturers must keep up with changes in consumer trends and preferences and adapt. To overcome these obstacles and ensure the continued success of the washing machine industry, innovation, sustainability, cost control, and market adaptation are necessary.

In what ways has the COVID-19 pandemic affected Global Washing Machine Market?

The global washing machine market has been significantly affected by the COVID-19 pandemic. Lockdown processes and financial turbulence reduced consumer demand, which slowed the market. Factory closures and material shortages resulted in supply chain disruptions, which led to delays in production and distribution. The demand for new washing machines has declined as a result of changes in consumer behaviour, including remote work and financial concerns. Traditional retailers were impacted by the closure of physical stores, which increased the popularity of online shopping. The implementation of health and safety measures by manufacturers also increased operating costs. The washing machine industry must adjust to the changing market and customer needs if it is to rebound and succeed.

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Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Product Type, By Capacity, By Technology, By End User, By Application, By Distribution Channel
Regions covered	Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered	BSH Home Appliances Ltd, Electrolux, GE Appliances, IFB Appliances, LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Toshiba Lifestyle Products and Services Corporation, Voltas Limited, Whirlpool Corporation, Others

Key Target Audience

Households and Individual
Working Professionals
Individual living alone
Retailers of Washing Machine

Global Washing Machine Market Segmentation:

1. By Product Type:

Global Washing Machine Market Value Share and Forecast, By Product Type, 2023-2033
Dryers
Fully Automatic
Semi-Automatic
Others

2. By Capacity:

Global Washing Machine Market Value Share and Forecast, By Capacity, 2023-2033
Below 6 kg
6.1 to 8 kg
Above 8 kg

3. By Technology:

Global Washing Machine Market Value Share and Forecast, By Technology, 2023-2033
Conventional
Smart Connected

4. By Distribution Channel:

Global Washing Machine Market Value Share and Forecast, By Distribution Channel, 2023-2033
Direct Sales
E-Commerce
Offline
Online
Retail Chains

5. By Region:

Asia-Pacific
Europe
Middle East & Africa
North America
Latin America

Key Topics Covered in the Report

Global Washing Machine Market Size (FY’2023-FY’2033)
Overview of Global Washing Machine Market
Segmentation of Global Washing Machine Market By Product Type (Dryers, Fully Automatic, Semi-Automatic, Others)
Segmentation of Global Washing Machine Market By Capacity (Below 6 kg, 6.1 to 8 kg, above 8 kg)
Segmentation of Global Washing Machine Market By Technology (Conventional, Smart Connected)
Segmentation of Global Washing Machine Market By End-User (Commercial, Residential)
Segmentation of Global Washing Machine Market By Application (Healthcare, Hospitality, Others)
Segmentation of Global Washing Machine Market By Distribution Channel (Direct Sales, E-Commerce, Offline, Online, Retail Chains)
Statistical Snap of Global Washing Machine Market
Growth Analysis of Global Washing Machine Market
Problems and Challenges in Global Washing Machine Market
Competitive Landscape in the Global Washing Machine Market
Impact of COVID-19 and Demonetization on Global Washing Machine Market
Details on Recent Investment in Global Washing Machine Market
Competitive Analysis of Global Washing Machine Market
Key Players in the Global Washing Machine Market
SWOT Analysis of Global Washing Machine Market
Global Washing Machine Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Washing Machine Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Washing Machine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Washing Machine Market

7. Global Washing Machine Market, By Product Type (USD Million)

7.1. Global Washing Machine Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Dryers
7.3. Fully Automatic

7.3.1. Front Load
7.3.2. Top Load

7.4. Semi-Automatic
7.5. Others

8. Global Washing Machine Market, By Capacity (USD Million)

8.1. Global Washing Machine Market Value Share and Forecast, By Capacity, 2023-2033
8.2. Below 6 kg
8.3. 6.1 to 8 kg
8.4. Above 8 kg

9. Global Washing Machine Market, By Technology (USD Million)

9.1. Global Washing Machine Market Value Share and Forecast, By Technology, 2023-2033
9.2. Conventional
9.3. Smart Connected

10. Global Washing Machine Market, By End User (USD Million)

10.1. Global Washing Machine Market Value Share and Forecast, By End User, 2023-2033
10.2. Commercial
10.3. Residential

11. Global Washing Machine Market, By Application (USD Million)

11.1. Global Washing Machine Market Value Share and Forecast, By Application, 2023-2033
11.2. Healthcare
11.3. Hospitality
11.4. Others

12. Global Washing Machine Market, By Distribution Channel (USD Million)

12.1. Global Washing Machine Market Value Share and Forecast, By Distribution Channel, 2023-2033
12.2. Direct Sales
12.3. E-Commerce
12.4. Offline
12.5. Online
12.6. Retail Chains

13. Global Washing Machine Market Forecast, 2019-2033 (USD Million)

13.1. Global Washing Machine Market Size and Market Share

14. Global Washing Machine Market, By Product Type, 2019-2033 (USD Million)

14.1. Global Washing Machine Market Size and Market Share By Product Type (2019-2026)
14.2. Global Washing Machine Market Size and Market Share By Product Type (2027-2033)

15. Global Washing Machine Market, By Capacity, 2019-2033 (USD Million)

15.1. Global Washing Machine Market Size and Market Share By Capacity (2019-2026)
15.2. Global Washing Machine Market Size and Market Share By Capacity (2027-2033)

16. Global Washing Machine Market, By Technology, 2019-2033 (USD Million)

16.1. Global Washing Machine Market Size and Market Share By Technology (2019-2026)
16.2. Global Washing Machine Market Size and Market Share By Technology (2027-2033)

17. Global Washing Machine Market, By End User, 2019-2033 (USD Million)

17.1. Global Washing Machine Market Size and Market Share By End User (2019-2026)
17.2. Global Washing Machine Market Size and Market Share By End User (2027-2033)

18. Global Washing Machine Market, By Application, 2019-2033 (USD Million)

18.1. Global Washing Machine Market Size and Market Share By Application (2019-2026)
18.2. Global Washing Machine Market Size and Market Share By Application (2027-2033)

19. Global Washing Machine Market, By End User, 2019-2033 (USD Million)

19.1. Global Washing Machine Market Size and Market Share By Distribution Channel (2019-2026)
19.2. Global Washing Machine Market Size and Market Share By End User (2027-2033)

20. Global Washing Machine Market, By Region, 2019-2033 (USD Million)

20.1. Global Washing Machine Market Size and Market Share By Region (2019-2026)
20.2. Global Washing Machine Market Size and Market Share By Region (2027-2033)
20.3. Asia-Pacific

20.3.1. Australia
20.3.2. China
20.3.3. India
20.3.4. Japan
20.3.5. South Korea
20.3.6. Rest of Asia-Pacific

20.4. Europe

20.4.1. France
20.4.2. Germany
20.4.3. Italy
20.4.4. Spain
20.4.5. United Kingdom
20.4.6. Rest of Europe

20.5. Middle East and Africa

20.5.1. Kingdom of Saudi Arabia
20.5.2. United Arab Emirates
20.5.3. Rest of Middle East & Africa

20.6. North America

20.6.1. Canada
20.6.2. Mexico
20.6.3. United States

20.7. Latin America

20.7.1. Argentina
20.7.2. Brazil
20.7.3. Rest of Latin America

21. Company Profile

21.1. BSH Home Appliances Ltd

21.1.1. Company details
21.1.2. Financial outlook
21.1.3. Product summary
21.1.4. Recent developments

21.2. Electrolux

21.2.1. Company details
21.2.2. Financial outlook
21.2.3. Product summary
21.2.4. Recent developments

21.3. GE Appliances

21.3.1. Company details
21.3.2. Financial outlook
21.3.3. Product summary
21.3.4. Recent developments

21.4. IFB Appliances

21.4.1. Company details
21.4.2. Financial outlook
21.4.3. Product summary
21.4.4. Recent developments

21.5. LG Electronics Inc.

21.5.1. Company details
21.5.2. Financial outlook
21.5.3. Product summary
21.5.4. Recent developments

21.6. Panasonic Corporation

21.6.1. Company details
21.6.2. Financial outlook
21.6.3. Product summary
21.6.4. Recent developments

21.7. Samsung Electronics Co. Ltd.

21.7.1. Company details
21.7.2. Financial outlook
21.7.3. Product summary
21.7.4. Recent developments

21.8. Toshiba Lifestyle Products and Services Corporation

21.8.1. Company details
21.8.2. Financial outlook
21.8.3. Product summary
21.8.4. Recent developments

21.9. Voltas Limited

21.9.1. Company details
21.9.2. Financial outlook
21.9.3. Product summary
21.9.4. Recent developments

21.10. Whirlpool Corporation

21.10.1. Company details
21.10.2. Financial outlook
21.10.3. Product summary
21.10.4. Recent developments

21.11. Others

22. List of Abbreviations

23. Reference Links

24. Conclusion

25. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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SPER-Methodology-2

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Frequently Asked Questions About This Report

How big is the Washing Machine Market?

Washing Machine Market is projected to reach USD 132.22 billion by 2033, growing at a CAGR of 7.36% during the forecast period.

What is the growth rate of the Washing Machine Market?

Washing Machine Market grew in market size from 2022. The Market is expected to reach USD 132.22 billion by 2033, at a CAGR of 7.36% during the forecast period.

What is the anticipated CAGR of the Washing Machine Market?

Washing Machine Market CAGR of 7.36% during the forecast period.

How can I get a sample report on the Washing Machine Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Washing Machine Market?

Washing Machine Market size is USD 132.22 billion from 2023 to 2033.

Which segment is expected to Washing Machine Market?

Washing Machine Market Segment is covered By Product Type, By Capacity, By Technology, By End User, By Application, By Distribution Channel.

Which region is expected to have the highest market share in the Washing Machine Market?

The North America region is anticipated to have the highest market share in the Washing Machine Market.

Who are the key players in Washing Machine Market?

The key players in the market include Companies Covered BSH Home Appliances Ltd, Electrolux, GE Appliances, IFB Appliances, LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., Toshiba Lifestyle Products and Services Corporation, Voltas Limited, Whirlpool Corporation, Others.

What is the conclusion of the Washing Machine Market?

Washing machines are now more effective at removing dirt and germs as a result of rising hygiene and cleanliness awareness as well as technological advancements, particularly in urban settings where time is at a premium.