Washing Machine Industry Market 2019-2024
Overview:
In the household, washing machines appliances are widely used for laundry, as they save time and energy. A washing machine works by rotating the laundry at high speed, creating a centrifugal force that removes water from the wash along with dirt. Over the past decade, many technological advances have been achieved in these machines, resulting in their high efficiency in terms of saving water and electricity. Major players in this market were also allowed to occupy a large share of the washing machine market.
In addition, the Government has taken various initiatives to develop rural households in developing countries in the Asia-Pacific region, which are expected to increase demand for household washing machines. Increased disposable income and improved rural electrification contribute to the development of the global washing machine industry. In addition, higher washing machine prices and increased urbanization have led to increased demand for washing machines. However, the availability of laundries and the growth of online laundry services hinder this projected growth.
The technological and innovative advances associated with washing machines offer great opportunities for manufacturers working in this market. The global household washing machine is segmented based on the product, machine power, and geographic location. Depending on the product, the market is divided into fully automatic and semi-automatic and drying. Vehicle productivity is less than 6 kg, from 6 to 8 kg and 8 kg and above. Based on geography, the market is analyzed in North America, Europe, Asia Pacific, and Lama.
Top Key Vendors:
LG
Philips
AUX
Whirlpool
Bosch
BEKO
Electrolux AB
Altus
Panasonic
Samsung
Simens
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Market Segmentation:
Fully automatic front loading washing machines are machines where the washing machine is placed in the machine from the front. The fully automatic washing machine segment in the product category is expected to grow at the fastest pace, and during the forecast period, the average annual growth rate will be 14.5%, and by the end of the year it will reach about US $ 21.8 billion.
Major geographies:
The main regions that play a vital rule machine washing are Middle East & Africa, Europe, South America, India, China, and Japan
Factors affecting the growth prospects:
There is an increase in demand for commercial washing machines has allowed manufacturers to focus on the development of heat pump dryers rather than conventional electricity and gas dryers. For example, manufacturers such as Whirlpool Corporation and LG Electronics have incorporated heat pump dryers into their products. More and more vendors are expected to adopt this technology in a variety of ways with the emergence of unique and intelligent connected devices. It is estimated that heat dryers are 30% more energy-efficient than conventional dryers.
Latest News:
Functions such as optimized automatic washing machines automatic detergent dispenser, automatic washing system, cover drainage system, and steam care functions offered by major manufacturers distinguish their products from those of their competitors.
Table Of Content:
Global Washing Machine Industry Market Research Report
1 Washing Machine Introduction and Market Overview
2 Industry Chain Analysis
3 Global Washing Machine Market, by Type
4 Washing Machine Market, by Application
5 Global Washing Machine Production, Value ($) by Region (2013-2018)
6 Global Washing Machine Production, Consumption, Export, Import by Regions (2013-2018)
7 Global Washing Machine Market Status and SWOT Analysis by Regions
8 Competitive Landscape
9 Global Washing Machine Market Analysis and Forecast by Type and Application
10 Washing Machine Market Analysis and Forecast by Region
Continued…..
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