Insights on the Washing Machine Global Market to 2026 – by Product, Technology, Capacity, Application, End-use and Region – PR Newswire

DUBLIN, March 25, 2022 /PRNewswire/ -- The "Washing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global washing machine market exhibited stable growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of 3.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A washing machine is an electronic appliance used for laundry of clothes and fabrics. It operates by spinning the fabrics at high speed and generating centrifugal force to remove dirt with water from the fibers. It is commonly available in fully automatic, semi-automatic and top- and front-load variants. The fully automatic machines have pre-programmed functions and can wash, dry and rinse the clothes automatically. The semi-automatic variants usually have a twin-tub system for washing and drying the fabrics separately. The components of the washing machine, such as tub, tub guards, balance rings and pumps, are manufactured using sheet steel and plastic with zinc or porcelain coatings for corrosion resistance and longer operational life.

The global washing machine market is primarily being driven by the widespread adoption of online laundry services among the masses. With the changing lifestyle patterns and increasingly hectic schedules of the working population, there is a shifting consumer preference towards on-demand laundry and dry-cleaning services that offer doorstep pick-up and delivery facilities for enhanced convenience for the consumer.

Moreover, the widespread adoption of fully automatic washing machines across both residential and commercial sectors is providing a thrust to the market growth. These machines aid in reducing the manual labor and are highly convenient to use and space-saving. Additionally, various technological advancements, such as the integration of smartphone applications with the Internet of Things (IoT) and artificial intelligence (AI) solutions for real-time alerts and remote access of the machine, are acting as other growth-inducing factors.

Product manufacturers are also developing energy-efficient variants with minimal carbon footprint and maintenance requirements. Other factors, including significant growth in the fashion and apparel industries, especially in the developing economies, along with the increasing expenditure capacities of the consumers, are anticipated to drive the market toward growth.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Electrolux, Alliance Laundry Systems LLC, Godrej Group, Haier Group Corporation, IFB Industries Limited, LG Electronics Inc., MIRC Electronics Limited, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Toshiba Corporation and Whirlpool Corporation.

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction4.1 Overview4.2 Key Industry Trends

5 Global Washing Machine Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast

6 Market Breakup by Product6.1 Fully Automatic6.1.1 Market Trends6.1.2 Key Segments6.1.2.1 Front Load6.1.2.2 Top Load6.1.3 Market Forecast6.2 Semi-Automatic6.2.1 Market Trends6.2.2 Market Forecast6.3 Dryers6.3.1 Market Trends6.3.2 Market Forecast

7 Market Breakup by Technology7.1 Smart Connected7.1.1 Market Trends7.1.2 Market Forecast7.2 Conventional7.2.1 Market Trends7.2.2 Market Forecast

8 Market Breakup by Capacity8.1 Below 6 kg8.1.1 Market Trends8.1.2 Market Forecast8.2 6.1 to 8 kg8.2.1 Market Trends8.2.2 Market Forecast8.3 Above 8 kg8.3.1 Market Trends8.3.2 Market Forecast

9 Market Breakup by Application9.1 Healthcare9.1.1 Market Trends9.1.2 Market Forecast9.2 Hospitality9.2.1 Market Trends9.2.2 Market Forecast9.3 Others9.3.1 Market Trends9.3.2 Market Forecast

10 Market Breakup by End Use10.1 Commercial10.1.1 Market Trends10.1.2 Market Forecast10.2 Residential10.2.1 Market Trends10.2.2 Market Forecast

11 Market Breakup by Region

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Analysis

16 Competitive Landscape16.1 Market Structure16.2 Key Players16.3 Profiles of Key Players16.3.1 AB Electrolux16.3.1.1 Company Overview16.3.1.2 Product Portfolio16.3.1.3 Financials16.3.1.4 SWOT Analysis16.3.2 Alliance Laundry Systems LLC16.3.2.1 Company Overview16.3.2.2 Product Portfolio16.3.3 Godrej Group16.3.3.1 Company Overview16.3.3.2 Product Portfolio16.3.4 Haier Group Corporation16.3.4.1 Company Overview16.3.4.2 Product Portfolio16.3.4.3 Financials16.3.5 IFB Industries Limited16.3.5.1 Company Overview16.3.5.2 Product Portfolio16.3.5.3 Financials16.3.6 LG Electronics Inc.16.3.6.1 Company Overview16.3.6.2 Product Portfolio16.3.6.3 Financials16.3.6.4 SWOT Analysis16.3.7 MIRC Electronics Limited16.3.7.1 Company Overview16.3.7.2 Product Portfolio16.3.7.3 Financials16.3.8 Panasonic Corporation16.3.8.1 Company Overview16.3.8.2 Product Portfolio16.3.8.3 Financials16.3.8.4 SWOT Analysis16.3.9 Robert Bosch GmbH16.3.9.1 Company Overview16.3.9.2 Product Portfolio16.3.10 Samsung Electronics Co. Ltd.16.3.10.1 Company Overview16.3.10.2 Product Portfolio16.3.10.3 Financials16.3.10.4 SWOT Analysis16.3.11 Toshiba Corporation16.3.11.1 Company Overview16.3.11.2 Product Portfolio16.3.11.3 Financials16.3.11.4 SWOT Analysis16.3.12 Whirlpool Corporation16.3.12.1 Company Overview16.3.12.2 Product Portfolio16.3.12.3 Financials16.3.12.4 SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/64wlnv

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Insights on the Washing Machine Global Market to 2026 - by Product, Technology, Capacity, Application, End-use and Region - PR Newswire