The global washing
machine market is expected to reach USD 42.16 billion by 2025,
according to a new report by Grand View Research, Inc. Increased needs for
differentiated products and services have led to an upsurge in investments for
R&D activities. Ongoing advancements, such as coin laundry, crowdsourced
supply, and on-demand services, are drawing investors toward the laundromat and
laundry industries seeking minimal on-site management obligations. Moreover,
the commercial laundry space is becoming more automated with the introduction of
Internet-enabled features in the washing machines.
Increased number of dual-income households coupled
with insufficient time for laundry has led to growing demand for laundromats.
Additionally, the growth in the hospitality sector in emerging countries and
the advent of on-demand services are expected to propel the commercial washing
machine growth. Furthermore, the energy labels and energy efficiency policies
have enabled manufacturers to focus on the development of energy-efficient
products.
The growth in online laundry services is expected to
have a positive impact on the commercial washing machine market. The commercial
washing machine market is characterized by the presence of key players who
provide conventional washing and laundry services. However, the startups in
this industry are struggling to fill in the gap by providing comprehensive
solutions at a reasonable price.
Browse full research report on Washing Machine Market : https://www.grandviewresearch.com/industry-analysis/washing-machine-market
Further
key findings from the report suggest:
- The fully-automatic washing machine industry is expected to be the
fastest-growing segment owing to the growing shortage of time for
household chores
- The demand for washing large volume of load is providing traction
to the growth of the washing machines having capacity of over 8 kg
- The residential sector is anticipated to grow at a CAGR of over 5%
throughout the forecast period due to the transition from semi-automatic
to fully automatic washing machines.
- The strong growing demand for residential products in the UAE and
Saudi Arabia is contributing to the growth in the MEA region
- The major players include LG Electronics Inc., Samsung Electronics
Co. Ltd., Whirlpool Corporation, and Electrolux AB
- Emphasis on R&D is a major strategy adopted by the key players
to generate financial profits and address the environmental and social
issues through technologies and products
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/electronic-devices
Grand
View Research has segmented the washing machine market based on product,
technology, capacity, end-use, application, and region:
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
- Fully
automatic
- Front load
- Top load
- Semi-automatic
- Dryers
Technology
Outlook (Revenue, USD Billion, 2014 - 2025)
- Smart
connected washing machine
- Conventional
washing machine
Capacity
Outlook (Revenue, USD Billion, 2014 - 2025)
- Below 6 kg
- 6.1 to 8 kg
- Above 8 kg
End-Use
Outlook (Revenue, USD Billion, 2014 - 2025)
- Commercial
- Residential
Application
Outlook (Revenue, USD Billion, 2014 - 2025)
- Healthcare
- Hospitality
- Others
Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- MEA
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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