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Insights on the Residential Washing Machine Global Market to 2027 - Growing Affordability of Washing Machines, Along With the Inflating Income Levels Drives Growth - ResearchAndMarkets.com

The "Residential Washing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global residential washing machine market reached a value of US$ 39.38 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 51.91 Billion by 2027, exhibiting a CAGR of 4.71% during 2021-2027.

Companies Mentioned

  • 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 (Robert Bosch Stiftung GmbH)
  • Samsung Electronics Co. Ltd.
  • Toshiba Corporation
  • Whirlpool Corporation

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Washing machines are home appliances widely used to wash the laundry with detergent. They comprise semi-automatic and fully automatic machines that assist in washing, rinsing, and drying without the need to supervise different operations.

They save time and are easier to clean, operate, and repair compared to other electrical devices. Presently, they are available in multiple sizes and styles depending on the budget, lifestyle, and the size of the user's house.

At present, the growing affordability of washing machines, along with the inflating income levels of individuals around the world, represents one of the key factors driving the market. Moreover, there is an increase in the demand for residential washing machines due to continuous improvements in rural electrification.

This, coupled with various initiatives undertaken by the government of several countries to develop rural households, is contributing to the growth of the market.

In addition, various benefits offered by residential washing machines, such as enhanced comfort level and convenience, are propelling the growth of the market. Besides this, key market players are extensively investing in research and development (R&D) activities to integrate technological advancements in washing machines and introduce product variants that are highly efficient in saving water and electricity.

This is strengthening the growth of the market. Apart from this, the escalating demand for residential washing machines among the masses due to hectic lifestyles and less time for laundry is bolstering the growth of the market. Additionally, the wide availability of residential washing machines through online and offline distribution channels, in confluence with the burgeoning e-commerce sector, is offering lucrative growth opportunities to industry investors.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global residential washing machine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, technology, machine capacity and distribution channel.

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
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Key Questions Answered in This Report:

  • How has the global residential washing machine market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global residential washing machine market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the machine capacity?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global residential washing machine market and who are the key players?
  • What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/b3iiej

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