The global dishwasher market is projected to expand at a CAGR of 6.2% during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising number of the working population.
A dishwasher is a kitchen appliance intended to clean cutlery and dishware. The cutlery is placed in the machine and its functions such as cleaning and drying are carried out by spraying a mixture of hot water and detergent on the dishes to remove dirt and soiling. The global dishwasher market is expected to witness an impressive growth owing to the increasing adoption of the product in the commercial and residential sector, as it save time, energy and water that is required more in manual cleaning process.
Increasing trend of modular kitchen owing to space restraints in compact houses has positively impacted the growth of the market. The manufacturers are focusing on introducing localized products intended to fulfill needs of the consumers of a specific region/country. For instance, in March, 2019, Robert Bosch GmbH announced the launch of India-specific dishwashers that include kadhai feature, which is an essential kitchen utensil used in India. Additionally, they are focusing on product developments that provide additional benefits to consumers such as smartphone connectivity to monitor detergent cycles and get alerts about the wash cycles.
The report on the global dishwasher market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|Report Title||Global Dishwasher Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast|
|Segmentation||Products (Freestanding and Built-in), Applications (Residential and Commercial), and Distribution Channels (Offline and Online)|
|Regional Scope||Asia Pacific, North America, Latin America, Europe, and Middle East & Africa|
|Report Coverage||Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast|
|Key Players Covered||Haier Group Corporation, Electrolux AB, LG Electronics Inc., Whirlpool Corporation, Robert Bosch GmbH, Aga Rangemaster Group, Samsung Group, Asko Appliances AB, Miele, and Fagor Electrodomésticos|
Freestanding segment accounts for large market share
Based on products, the market is divided into freestanding and built-in. The freestanding segment accounted for a large share of the market in 2020, in terms of revenue. Freestanding products are more favored in the commercial sector owing to its easy movability and less space requirements. They are generally less expensive, more convenient and don’t require any special installation, as compared to built-in dishwashers. Customized freestanding product has recently gained quite a demand in both commercial and residential sector.
The built-in segment is expected to register a substantial CAGR during the forecast period. They include specialized features such as targeted sprays and multiple spray arms. Furthermore, wall and drawer format built-in washer, a type of built-in washer, is expected to drive the market growth owing to its automatic programs and flexible interior arrangement features.
Commercial segment expected to account for a considerable market share
On the basis of applications, the market is segmented into residential and commercial. The commercial segment is anticipated to grow at a healthy rate owing to the increasing demand for dishwasher in restaurants, cafes, and hotels owing to its ability of the product to clean a large number of glassware and cutlery effectively.
The residential segment is expected to witness a substantial growth rate owing to the changing lifestyle of the people. Furthermore, increasing adoption of modular and designer kitchens is expected to spur the growth of the market segment.
Offline segment anticipated to grow at healthy rate
The offline segment accounted for a key share of the market owing to the availability of wide range of products in specialty stores and electronic stores. On the other hand, the online segment is expected to witness rapid growth owing to the expansion of e-commerce retailers, such as Flipkart and Amazon, across the globe.
Asia Pacific is anticipated to account for a large market share
In terms of regions, the market is classified into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is anticipated to account for a large market share owing to the presence of strong consumer base. China, Japan, South Korea, Taiwan, and India are the prominent markets in the region. Moreover, increasing concern regarding hygiene and development of new and innovative product is expected to spur the market growth.
Some of the leading manufacturers in the global dishwasher market are Haier Group Corporation, Electrolux AB, LG Electronics Inc., Whirlpool Corporation, Robert Bosch GmbH, Aga Rangemaster Group, Samsung Group, Asko Appliances AB, Miele, and Fagor Electrodomésticos.
The key players are engaging in mergers and acquisitions to improve their product offering and market share. For instance, June 2016, Haier Group Corporation acquired home appliance division of General Electric for USD 5.6 Billion. This move increased the market share of the former company and helped it to increase its product offering.
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