Global Washing Machine Parts Market Overview
According to SPER Market Research, the Global Washing Machine Parts Market is estimated to reach USD 101.74 billion by 2032 with a CAGR of 5.72%.
It is anticipated that the rising demand for commercial washing equipment would spur the expansion of the sector. The advent of cutting-edge technology has caused a change in the commercial washing machine business. By replacing coin-operated laundries with card-based payment systems, the laundry industry is being revolutionised for greater automation. Digital laundry payment choices, as opposed to the conventional coin-operated laundries, are decreasing the frequency of coin collection and giving laundry operators more flexible payment options. The rise of smart connected gadgets is being fuelled in part by consumers' increasing preference for convenience and their swiftly shifting lifestyles. Entities (organisations, sole proprietors, or partnerships) that handle washing machine design, manufacturing, and sales make up the washing machine market. The market is made up of washing machine sales. A washing machine is a device that is used to wash different kinds of clothing without the need for any manual work. Fully automatic, semi-automatic, and other models are the two primary types of washing machines. Without any user input, a fully automatic washing machine completes the entire cycle of washing garments. All by itself, it will wash, agitate, rinse, and spin dry your clothing. When the allotted time is up, the user merely needs to take the cleaned clothes out of the machine's basin and either hang it up to dry or put it in an automated dryer.
Impact of COVID-19 on the Global Washing Machine Parts Market
The availability of washing facilities and the proliferation of online laundry services are predicted to hinder industry growth. Major appliances are important in the majority of homes, as indicated by COVID-19. The most popular items to buy recently include dishwashers, vacuum cleaners, food processors, coffee makers, and personal hygiene products. There was no exception in the underserved washing machine market. When social segregation became the norm and the part-time maid was outlawed, the washing machine came to the rescue. In addition, few industries and washing machine sales have increased as a result of the epidemic. The nation's trade has been impacted by the travel restrictions. The nation's legislated lockdown and travel restrictions have an impact on all markets, including the washing machine sector. The customer profile of the nation's washing machine business has undergone a remarkable degree of change in the last few years. The rate of income growth is strong, and more people now have disposable income to buy goods like washing machines. The style, trends, and quality of the products are becoming more important to consumers than just the price. A crucial quality in this regard is the graphical appeal of the supplies. Nowadays, washing machines aren't viewed as luxury items reserved for the middle class. They have become an essential component of daily life.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By Capacity, By Technology, By End User, By Application, By Distribution Channel |
| Geographies covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | 3M Company, Advanced Electronics Company, Brandt Appliance, Crosley Company, Dyson, Electrocomp (PTY) Ltd, Electrolux, Fisher and Paykel, Godrej, Haier Group Corp, H-Buster, Hoover Limited, LG Electronics Inc., Onida, Panasonic Corporation, Philips, Samsung Electronics Co Ltd, Siemens AG, Sony, TCL Corporation, Whirlpool Corporation
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Global Washing Machine Parts Market Segmentation:
By Product Type: Based on the Product Type, Global Washing Machine Parts Market is segmented as; Fully Automatic, Semi-Automatic, Dryers, Others.
By Capacity: Based on the Capacity, Global Washing Machine Parts Market is segmented as; Below 6 Kg, 6.1 to 8 Kg, Above 8 Kg.
By Technology: Based on the Technology, Global Washing Machine Parts Market is segmented as; Conventional, Smart Connected.
By End User: Based on the End User, Global Washing Machine Parts Market is segmented as; Commercial, Residential.
By Application: Based on the Application, Global Washing Machine Parts Market is segmented as; Healthcare, Hospitality, Others.
By Distribution Channel: Based on the Distribution Channel, Global Washing Machine Parts Market is segmented as; Direct Sales, E-Commerce, Offline, Online, Retail Chains.
By Region: The washing machine market in Asia and the Pacific accounted for more than global sales. The substantial market penetration of these products in China is responsible for the increase. The demand for fully automatic and smart connected washing machines in the emerging nations of Indonesia, India, and Vietnam is predicted to increase along with the fast-growing middle-class population in the region.
Key Topics Covered in the Report - Size of Global Washing Machine Parts Market (FY’2019-FY’2032)
- Overview of Global Washing Machine Parts Market
- Segmentation of Global Washing Machine Parts Market By Product Type (Fully Automatic, Semi-Automatic, Dryers, Others)
- Segmentation of Global Washing Machine Parts Market By Capacity (Below 6 Kg, 6.1 to 8 Kg, Above 8 Kg)
- Segmentation of Global Washing Machine Parts Market By Technology (Conventional, Smart Connected)
- Segmentation of Global Washing Machine Parts Market By End User (Commercial, Residential)
- Segmentation of Global Washing Machine Parts Market By Application (Healthcare, Hospitality, Others)
- Segmentation of Global Washing Machine Parts Market By Distribution Channel (Direct Sales, E-Commerce, Offline, Online, Retail Chains)
- Statistical Snap of Global Washing Machine Parts Market
- Growth Analysis of Global Washing Machine Parts Market
- Problems and Challenges in Global Washing Machine Parts Market
- Competitive Landscape in the Global Washing Machine Parts Market
- Impact of COVID-19 and Demonetization on Global Washing Machine Parts Market
- Details on Recent Investment in Global Washing Machine Parts Market
- Competitive Analysis of Global Washing Machine Parts Market
- Major Players in the Global Washing Machine Parts Market
- SWOT Analysis of Global Washing Machine Parts Market
- Global Washing Machine Parts Market Future Outlook and Projections (FY’2019-FY’2032)
- 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 Parts Market
5. Market variables 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 analysis
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 Parts Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Washing Machine Parts Market
7. Global Washing Machine Parts Market, By Product Type, 2019-2032 (USD Million)
7.1. Fully Automatic
7.1.1. Front Load
7.1.2. Top Load
7.2. Semi-Automatic
7.3. Dryers
7.4. Others
8. Global Washing Machine Parts Market, By Capacity, 2019-2032 (USD Million)
8.1. Below 6 Kg
8.2. 6.1 to 8 Kg
8.3. Above 8 Kg
9. Global Washing Machine Parts Market, By Technology, 2019-2032 (USD Million)
9.1. Conventional
9.2. Smart Connected
10. Global Washing Machine Parts Market, By End User, 2019-2032 (USD Million)
10.1. Commercial
10.2. Residential
11. Global Washing Machine Parts Market, By Application, 2019-2032 (USD Million)
11.1. Healthcare
11.2. Hospitality
11.3. Others
12. Global Washing Machine Parts Market, By Distribution Channel, 2019-2032 (USD Million)
12.1. Direct Sales
12.2. E-Commerce
12.3. Offline
12.4. Online
12.5. Retail Chains
13. Global Washing Machine Parts Market, By Region, 2019-2032 (USD Million)
13.1. Global Washing Machine Parts Size and Market Share by Region (2019-2025)
13.2. Global Washing Machine Parts Size and Market Share by Region (2026-2032)
13.3. Asia-Pacific
13.3.1. Australia
13.3.2. China
13.3.3. India
13.3.4. Japan
13.3.5. South Korea
13.3.6. Rest of Asia-Pacific
13.4 Europe
13.4.1 France
13.4.2 Germany
13.4.3 Italy
13.4.4 Spain
13.4.5 United Kingdom
13.4.6 Rest of Europe
13.5 Middle East & Africa
13.5.1 Kingdom of Saudi Arabia
13.5.2 United Arab Emirates
13.5.3 Rest of Middle East & Africa
13.6 North America
13.6.1 Canada
13.6.2 Mexico
13.6.3 United States
13.7 Latin America
13.7.1 Argentina
13.7.2 Brazil
13.7.3 Rest of Latin America
14. Company Profiles
14.1 3M Company
14.1.1 Company details
14.1.2 Financial outlook
14.1.3 Product summary
14.1.4 Recent developments
14.2 Advanced Electronics Company
14.2.1 Company details
14.2.2 Financial outlook
14.2.3 Product summary
14.2.4 Recent developments
14.3 Brandt Appliance
14.3.1 Company details
14.3.2 Financial outlook
14.3.3 Product summary
14.3.4 Recent developments
14.4 Crosley Company
14.4.1 Company details
14.4.2 Financial outlook
14.4.3 Product summary
14.4.4 Recent developments
14.5 Dyson
14.5.1 Company details
14.5.2 Financial outlook
14.5.3 Product summary
14.5.4 Recent developments
14.6 Electrocomp (PTY) Ltd
14.6.1 Company details
14.6.2 Financial outlook
14.6.3 Product summary
14.6.4 Recent developments
14.7 Electrolux
14.7.1 Company details
14.7.2 Financial outlook
14.7.3 Product summary
14.7.4 Recent developments
14.8 Fisher and Paykel
14.8.1 Company details
14.8.2 Financial outlook
14.8.3 Product summary
14.8.4 Recent developments
14.9 Godrej
14.9.1 Company details
14.9.2 Financial outlook
14.9.3 Product summary
14.9.4 Recent developments
14.10 Haier Group Corp
14.10.1 Company details
14.10.2 Financial outlook
14.10.3 Product summary
14.10.4 Recent developments
14.11 H-Buster
14.11.1 Company details
14.11.2 Financial outlook
14.11.3 Product summary
14.11.4 Recent developments
14.12 Hoover Limited
14.12.1 Company details
14.12.2 Financial outlook
14.12.3 Product summary
14.12.4 Recent developments
14.13 LG Electronics Inc
14.13.1 Company details
14.13.2 Financial outlook
14.13.3 Product summary
14.13.4 Recent developments
14.14 Onida
14.14.1 Company details
14.14.2 Financial outlook
14.14.3 Product summary
14.14.4 Recent developments
14.15 Panasonic Corporation
14.15.1 Company details
14.15.2 Financial outlook
14.15.3 Product summary
14.15.4 Recent developments
14.16 Philips
14.16.1 Company details
14.16.2 Financial outlook
14.16.3 Product summary
14.16.4 Recent developments
14.17 Samsung Electronics Co Ltd
14.17.1 Company details
14.17.2 Financial outlook
14.17.3 Product summary
14.17.4 Recent developments
14.18 Siemens AG
14.18.1 Company details
14.18.2 Financial outlook
14.18.3 Product summary
14.18.4 Recent developments
14.19 Sony
14.19.1 Company details
14.19.2 Financial outlook
14.19.3 Product summary
14.19.4 Recent developments
14.20 TCL Corporation
14.20.1 Company details
14.20.2 Financial outlook
14.20.3 Product summary
14.20.4 Recent developments
14.21 Whirlpool Corporation
14.21.1 Company details
14.21.2 Financial outlook
14.21.3 Product summary
14.21.4 Recent developments
15. List of Abbreviations
16. Reference Links
17. Conclusion
18. Research Scope