The United States 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 2% during 2023–2031.The growth of the market is attributed to the rising disposable income and changing lifestyles of people.
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. 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.
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 the Report
The report on the United States 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
|
United States Laundry Appliances Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Product (Washing Machine, Dryers, Electric Smoothing Irons, and Others), Technology (Automatic, Semi-automatic & Manual, and Others), and Other Distribution Channel (Supermarket & Hypermarket, Specialty Stores, Online, and Others)
|
|
Geographical Scope
|
United States
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Alliance Laundry System; Bosch; Frigidaire; Whirlpool Corporation; GE Appliances
|
Market Segment Insights
The washing machine segment is expected to grow at a rapid pace
On the basis of, the United States laundry appliances market is segmented into washing machine, dryers, electric smoothing irons, and others. The segment is expected to represent a key share of the market during the forecast period. Increasing demand for washing machines is projected to propel the market. The advent of coming generation washing machines that use technologies for optimal power and water consumption is projected to boost demand for these items. The need for washing machines is steadily growing, owing to an increasing number of people's lack of time to do laundry as a result of their hectic lifestyles.
The automatic segment is projected to hold a major market share
Based on technology, the United States laundry appliances market is divided into automatic, semi-automatic & manual, and others. The automatic segment is expected to represent a key share of the market during the forecast period. As customers are increasingly ready to pay more on technologically superior items, the automatic sector is expected to have the major share. Furthermore, the product's capacity to wash and dry in the same drum, which saves time, contributes to a high adoption rate. Semi-automatics have a strong market presence due to their user-friendliness, particularly among older individuals, which has boosted demand. A growing number of customers who want to own their own drying equipment are helping to gain traction.
The online segment is anticipated to register rapid CAGR
In terms of distribution channel, the United States laundry appliances market is segregated into supermarket & hypermarket, specialty stores, online, and others. The online segment is expected to represent a key share of the market during the forecast period owing to rising convenience of services provided by the online platform as well as lucrative discounts and purchase rebates provided by several companies through purchase from hypermarkets, encouraging consumers to opt for online purchases. Additionally, surge in the number of different sales channels is allowing manufacturers to expand their company footprint and embrace new growth opportunities in the future.
Segments
The United States 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
- Supermarket & Hypermarket
- Specialty Stores
- Online
- Others
Key Players
- Alliance Laundry System
- Bosch
- Frigidaire
- Whirlpool Corporation
- GE Appliances
Competitive Landscape
Key players competing in the United States laundry appliances market include Alliance Laundry System, Bosch, Frigidaire, Whirlpool Corporation, and GE Appliances
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
