Washing Machine Market Growth, Size, Trends, Revenue, Demand, Manufactures and Future Share: SPER Market Research

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

Washing Machine Market Introduction and 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%.

The report includes an in-depth analysis of the Global Washing Machine Market, including market size and trends, product mix, distribution channels, and supplier analysis. As the name implies, a washing machine is an electronic device designed for cleaning clothes by removing dirt, eliminating unpleasant odors, and eventually drying them. Washing machines are readily accessible in the market through both online and offline channels and can be obtained in various capacities to suit individual needs.

March 2023: Sharp Business Systems (India) Pvt. Ltd. introduced a new series of top-loading washing machines in India, featuring state-of-the-art Japanese technology.

December 2022: Xeros Technology Group has collaborated with IFB Industries Ltd., an Indian washing machine manufacturer, to create a high-end line of home washing machines for Indian households and the Indian railway systems. These products incorporate Xeros' exclusive care technology, improving the washer's load performance.

August 2020: Panasonic expanded its washing machine lineup by launching 21 new models, which include both fully automatic and top-load washing machines. These machines boast a five-star rating, feature built-in heater technology, and incorporate Stain Master+ to effectively remove bacteria.

Market Opportunities and Challenges

Opportunities: The increasing adoption of smart home technology is creating opportunities for the connected smart washing machines, fueling market expansion. These machines, controllable via mobile apps, offer enhanced convenience, driving industry growth. Moreover, the desire to automate settings adjustments is boosting the use of smart washing machines. Innovative models capable of streamlining washing, drying, and folding are expected to further boost market growth. Integration of technologies like ultrasonic water conversion and IoT connectivity is anticipated to drive the industry in the future.

Challenges: One of the drawbacks of smart washing machines is their substantial initial expense. Other factors constraining market growth include the presence of commercial laundromats and the increasing adoption of online on-demand laundry services. Additionally, the considerable power consumption of most washing machines poses a hurdle to market expansion.

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Market Competitive Landscape

The market exhibits a moderate level of fragmentation, with several major players, including 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. Major industry players are focused on creating innovative products that offer reduced energy consumption, shorter laundry cycle times, improved water efficiency, and other enhancements.

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

COVID-19 Impact on Global Washing Machine Market

The COVID-19 pandemic has resulted in reduced product consumption due to government measures like social distancing, lockdowns, and store occupancy restrictions. Additionally, the global supply chain has faced challenges in transporting goods from manufacturing plants to sales channels due to employee shortages, further hindering growth. The manufacturing sectors, including consumer electronics and roofing, experienced significant setbacks in 2020-2021 due to the COVID-19 pandemic. Workplaces closed, supply chains were disrupted, and transportation was restricted, all of which negatively impacted growth in these industries, including the washing machines market. Many manufacturing units suffered revenue and profit declines due to supply chain disruptions. However, as lockdown restrictions are gradually lifted and with increasing relaxations, there is optimism for a significant recovery in import and export activities.

Key Target Audience

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

Our in-depth analysis of the Washing Machine Market includes the following segments:

By Product Type:	Dryers Fully Automatic Semi-Automatic Others
By Capacity:	Below 6 kg 6.1 to 8 kg Above 8 kg
By Technology:	Conventional Smart Connected
By Distribution Channel:	Direct Sales E-Commerce Offline Online Retail Chains

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)
Expansion Analysis of Global Washing Machine Market
Problems and Obstacles 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 Current Investment in Global Washing Machine Market
Competitive Analysis of Global Washing Machine Market
Prominent 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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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.