The global residential washing machine market size reached US$ 43.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 59.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Residential Washing
Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2024-2032," the global residential washing machine market size
reached US$ 43.5 Billion in 2023.
A residential washing machine is a household appliance used for cleaning
laundry. It uses water and detergent to clean clothes and other fabrics by
agitating them in a drum. It operates by spinning the laundry at high speed,
thereby generating centrifugal force that removes water from the laundry along
with dirt.
It comes in numerous varieties that assist in washing, rinsing, and drying
without the need to supervise different operations and is available in different
sizes to accommodate different laundry loads. It also offers several features,
such as multiple wash cycles, temperature settings, and soil level options.
Additionally, it provides developed features, including steam cleaning, delayed
start, and automatic detergent dispensers. It aids in saving time and is easier
to clean, operate, and repair compared to other electrical devices.
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4. Report Description
Global Residential Washing Machine Market Trends:
The growing adoption of washing machines is driving the global market. Along with this, the escalating demand for
residential washing machines among the masses due to hectic lifestyles and less time for laundry is contributing to the
market. Moreover, the growing inclination towards low-maintenance washing machines to enhance their cost-efficiency is
significantly strengthening the demand. In response to the escalating demand, several key players are heavily 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 is providing a boost to the market. In line with
this, the development of washing machines with energy-efficient settings, automatic dispensers, and smart controls that
can be operated remotely through a smartphone app is creating a positive market outlook.
Apart from this, various initiatives undertaken by the government of several countries to develop rural households is
augmenting the market. Besides, consumers are becoming more environmentally conscious that has led to the rising
demand for energy-efficient washing machines, is acting as another growth-inducing factor. Furthermore, with the
availability of financing options, such as installment plans and credit facilities, consumers are more able to purchase
high-end washing machines that would otherwise be out of their budget range, which is impacting the market favorably.
Other factors, such as inflating disposable income levels of the masses and the advent of home delivery models, are also
inf luencing the market.
Looking forward, the market is anticipated to reach a value of US$ 59.7 Billion by 2032, exhibiting a growth
rate (CAGR) of 3.5% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/residential-washing-machine-market
5. Report
Segmentation
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
6. Report
Segmentation
• Specialty Stores
• Department Stores
• E-Commerce
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• 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
• Samsung Electronics Co. Ltd.
• Toshiba Corporation
• Whirlpool Corporation
8. Key Questions
Answered in
the Report
What was the size of the global residential washing machine
market in 2023?
What is the expected growth rate of the global residential
washing machine market during 2024-2032?
What are the key factors driving the global residential
washing machine market?
What has been the impact of COVID-19 on the global
residential washing machine market?
What is the breakup of the global residential washing machine
market based on the product?
What is the breakup of the global residential washing machine
market based on the technology?
9. Key Questions
Answered in
the Report
What is the breakup of the global
residential washing machine market
based on the machine capacity?
What is the breakup of the global
residential washing machine market
based on the distribution channel?
What are the key regions in the global
residential washing machine market?
Who are the key players/companies in the
global residential washing machine
market?
10. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Residential Washing Machine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Fully Automatic
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Semiautomatic
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Dryer
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Technology
11. Table of
Contents
7.1 Top Load
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Front Load
7.2.1 Mark et Trends
7.2.2 Market Forecast
8 Market Breakup by Machine Capacity
8.1 Below 6 Kg
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 6 to 8 Kg
8.2.1 Mark et Trends
8.2.2 Mark et Forecast
8.3 8 Kg and Above
8.3.1 Market Trends
8.3.2 Mark et Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarket and Hypermarket
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 Specialty Store
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
9.3 Department Store
9.3.1 Mark et Trends
9.3.2 Mark et Forecast
9.4 E-Commerce
9.4.1 Mark et Trends
9.4.2 Mark et Forecast
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