The Japan laundry appliances market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 1% during 2023–2031. Growth of the market is attributed to changing living standards and increasing disposable income.
A laundry appliance, also known as a washer, clothes washer, or dryer is a device that is used to wash clothes. Dry cleaning (which uses different cleaning fluids and is conducted by professional firms) and ultrasonic cleaners are examples of equipment that use water instead of dry cleaning
The user adds liquid or powder laundry detergent to the washing device's water. It's used to clean delicate fabrics that can't stand up to the challenges of a washing machine and dryer; it may also save time by eliminating the need for labor-intensive hand cleaning. The demand for washing equipment from dual-income homes is increasing in Japan's laundry appliances market.
Households prefer laundry appliances that save time and are energy efficient. Laundry appliances that are low in cost and multipurpose are also gaining momentum in the market. A laundry appliance is a machine that uses water to clean and rinse textiles, although it is not restricted to washing. It may also be used to dry things out.
The COVID-19 pandemic affected the demand and supply of Japan laundry appliances market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Japan Laundry Appliances Market Trends, Drivers, Restraints, and Opportunities
Increasing disposable income and changing lifestyles of people is projected to fuel the market during forecast period.
Improving standards of living is key factor propelling the market.
Alternate products and technological threat are estimated to hinder the market growth.
Lack of awareness act as major challenge that can impede the market expansion in the coming years.
Scope of Japan Laundry Appliances Market Report
The report on the Japan laundry appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Japan Laundry Appliances Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Washing Machine, Dryers, Electric Smoothing Irons, and Others) and Technology (Automatic, Semi-automatic, and Manual)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Hitachi; Panasonic; Sharpe; Whirlpool Corporation and Toshiba
Japan Laundry Appliances Market Segment Insights
The washing machine segment holds a major market share
Based on types, the Japan laundry appliances market is segregated into washing machine, dryers, electric smoothing irons, and others. The number of households adopting washing machines has grown substantially. The most valuable item in the low and middle class household items is still automatic washing machines. Detached washing machines had a big proportion of market transactions compared to built-in washing machines.
The automatic segment is anticipated to expand during the forecast period
On the basis of technology, the Japan laundry appliances market is segregated into automatic, semi-automatic, and manual. The automatic segment is estimated to expand a rapid pace. The demand for technically improved and low-time-consuming equipment is likely to drive the automatic segment appliances in the next few years. The automatic section of laundry appliances uses less water, which helps the country's water management regulations and is expected to boost the market.
The Japan laundry appliances market is segmented on the basis of
- Washing Machine
- Electric Smoothing Irons
Major players competing in the Japan laundry appliances market include Hitachi, Panasonic, Sharpe, Whirlpool Corporation and Toshiba.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.