Laundry Appliances Market Size, Share & Growth Report | 2031
Laundry Appliances Market Size, Share & Growth Report | 2031
Segments - 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 2023 – 2031
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| Report ID :CG-1382
| 4.9 Rating
| 68 Reviews
| 185 Pages
| Format :
Report Description
The Global Laundry Appliances Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 3% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing number of middle-class populations which can afford dryers and washing machine.
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.
Laundry Appliances Market Trends, Drivers, Restraints, and Opportunities
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Rising populations from middleclass opting for washing machine and dryers are expected to drive the market during the forecast period.
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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.
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Growing number of working female population is likely to boost the laundry appliances market.
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Innovation in laundry appliances market to increase efficiency and energy efficiency and water consumption are projected to surge the market in near future,
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R&D investment and technological advancement in laundry appliances market are expected to offer lucrative opportunities for the market players.
Scope of Laundry Appliances Market 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 |
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Report Title |
Laundry Appliances Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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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) |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Whirlpool Corporation; LG Electronics; Samsung; Haier; and Bosch |
Laundry Appliances 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.
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.
Segments
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
Competitive Landscape
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.
Table Of Content
1. Executive Summary2. 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
Methodology
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