The global washing machine market size 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 industry. 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
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/washing-machine-market/request/rs1
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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