Laundry Appliances Market

Laundry Appliances Market by Product (Washing Machine, Dryers, Electric Smoothing Irons, and Others), Technology (Automatic, Semi-Automatic/Manual, and Others), and Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Others) -Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-1382
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 185
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The laundry appliances market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing number of middle-class populations which can afford dryers and washing machine.

Laundry Appliances Market key Takeaways

Laundry appliance refers to those devices that are used to clean clothes and textiles. This market is dependent on real estate growth; both rental refurbishing and purchase are also innovating for smaller appliances, because of different housing arrangements across the globe.

The Covid-19 pandemic had an adverse impact on the laundry appliances market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising populations from middleclass opting for washing machine and dryers are expected to drive the market during the forecast period.
  • Changing lifestyle, increased disposable income, and increased level of standard of living are the primary factors which is likely to propel the market expansion in coming years.
  • Growing number of working female population is likely to boost the laundry appliances market.
  • Innovation in laundry appliances market to increase efficiency and energy efficiency and water consumption are projected to surge the market in near future,
  • R&D investment and technological advancement in laundry appliances market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the laundry appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
 
Attributes Details
Report Title Laundry Appliances Market –Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year 2020
Historic Data 2018–2019
Forecast Period 2021–2028
Segmentation Product (Washing Machine, Dryers, Electric Smoothing Irons, and Others), Technology (Automatic, Semi-Automatic/Manual, and Others), and Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Others)
Report Coverage Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report Whirlpool Corporation; LG Electronics; Samsung; Haier; and Bosch

 

Market Segment insights

The washing machine segment is projected to constitute a large market share

Based on product, the laundry appliances market is segregated into washing machine, dryers, electric smoothing irons, and others. The washing machine segment is expected to account for a key share of the market during the forecast period owing to increasing number of women working population as washing machine assists women with household chores. Furthermore, the rising urban population across the world is estimated to drive the segment growth in near future.

Laundry Appliances Market by product

The automatic segment is expected to register a substantial CAGR

Based on technology, the laundry appliances market is divided into automatic, semi-automatic/manual, and others. The automatic segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to technical advancements, rising consumer disposable income, growing need for energy-saving and low carbon emission-oriented solutions. Furthermore, automatic smart washers are a source of luxury and convenience.

The online segment is expected to dominate the market

Based on distribution channel, the laundry appliances market is divided into multi-brand stores, exclusive stores, online, and others the online segment is anticipated to expand at a robust CAGR during the forecast period. Increasing number of internet users and online portals and the growing importance of home monitoring in remote locations is expected to drive the segment growth in near future.

Laundry Appliances Market by dicstibution channels

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laundry Appliances Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Laundry Appliances Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Laundry Appliances Market - Supply Chain
  4.5. Global Laundry Appliances Market Forecast
     4.5.1. Laundry Appliances Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Laundry Appliances Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Laundry Appliances Market Absolute $ Opportunity
5. Global Laundry Appliances Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Laundry Appliances Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Laundry Appliances Demand Share Forecast, 2019-2026
6. North America Laundry Appliances Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Laundry Appliances Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Laundry Appliances Demand Share Forecast, 2019-2026
7. Latin America Laundry Appliances Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Laundry Appliances Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Laundry Appliances Demand Share Forecast, 2019-2026
8. Europe Laundry Appliances Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Laundry Appliances Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Laundry Appliances Demand Share Forecast, 2019-2026
9. Asia Pacific Laundry Appliances Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Laundry Appliances Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Laundry Appliances Demand Share Forecast, 2019-2026
10. Middle East & Africa Laundry Appliances Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Laundry Appliances Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Laundry Appliances Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Laundry Appliances Market: Market Share Analysis
  11.2. Laundry Appliances Distributors and Customers
  11.3. Laundry Appliances Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Whirlpool Corporation
     11.4.2. LG Electronics
     11.4.3. Samsung
     11.4.4. Haier
     11.4.5. Bosch

Segments Covered in the Report
The laundry appliances market has been segmented on the basis of:-

Product

  • Washing Machine
  • Dryers
  • Electric Smoothing Irons
  • Others

Technology

  • Automatic
  • Semi-Automatic/Manual
  • Others

Distribution Channel

  • Multi-brand Stores
  • Exclusive Stores
  • Online
  • Others

Key Companies

  • Whirlpool Corporation
  • LG Electronics
  • Samsung
  • Haier
  • Bosch

Key players competing in the laundry appliances include Whirlpool Corporation; LG Electronics; Samsung; Haier; and Bosch.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Laundry Appliances Market by key Players

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