Reports
Global Washing Machine Market Share, Size, Growth, Trends, Analysis, Forecast: By Product: Fully Automatic, Semi-Automatic, Dryers; By Technology: Smart Connect Machines, Conventional Machines; By Capacity: Below 8 Kg, Above 8 Kg; By End-Use: Commercial, Residential; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2028
Global Washing Machine Market Outlook
The global washing machine market attained a value of more than USD 60.54 billion in 2022 and expected to grow in the forecast period of 2023-2028 at a CAGR of 7.1% to reach over USD 91.4 billion by 2028.
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Growing Demand for Washing Machines in Developing Countries Augmenting the Market Growth
The increasing penetration of washing machines in emerging markets is surging their demand, which is driving the growth of the market. With the growing disposable income, consumers are preferring washing machines with excellent wash, which is fuelling the industry growth. The growing demand for large models of washing machines with shortened replacement cycles is augmenting the market growth for washing machine. Moreover, the growing inclination towards low-maintenance washing machines to enhance their cost-efficiency is significantly contributing to the market growth.
As consumers are increasingly preferring white goods with aesthetic appeal, the demand for washing machines with diverse colours is surging, thereby invigorating the growth of the industry. The increasing demand for energy-efficient washing machines among the growing sustainable population is aiding the growth of the market. Further, the increasing popularity of washing machines that consume less amount of water while offering superior performance is also adding to the industry growth. The development of washing machines that removes microbes, in the wake of the COVID-19 pandemic, to enhance the sanitation of clothes is projected to propel the market growth in the coming years.
Washing Machine: Market Segmentation
A washing machine is an electric appliance that is used to wash laundry. It eliminates the requirement to manually rub or squeeze clothes to boost the comfortability of the user. It also increases the time-efficiency of washing laundry. A washing machine is energy-efficient, easy-to-operate, and easy-to-repair, due to which it is extensively used for domestic uses.
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The major products of washing machine are:
- Fully Automatic
- Front Load
- Top Load
- Semi-Automatic
- Dryers
The market can be broadly categorised on the basis of technology into:
- Smart Connect Machines
- Conventional Machines
By capacity, the industry is segmented into:
- Below 8 Kg
- Above 8 Kg
On the basis of end use, the market is categorised into:
- Commercial
- Residential
The EMR report looks into the regional markets of washing machine like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Smart Washing Machines to Bolster the Growth of the Market
The increasing trend of smart homes is surging the demand for smart washing machines with connected features is augmenting the market growth. As smart washing machines can be efficiently controlled by mobile apps, they are increasingly preferred to enhance the comfortability, thereby propelling the industry growth. Moreover, the rising demand to eliminate the requirement to manually change settings is surging the use of smart washing machines. The development of innovative smart washing machines that can streamline drying, washing, and folding is expected to bolster the growth of the market in upcoming years.
The deployment of the latest technologies like ultra-sonic technology to convert water into micron particles to iron clothes is anticipated to augment the growth of the market. In addition, the integration of the Internet of things (IoT) to connect smart washing machines, folding machines, and laundry racks, among others, is estimated to propel the industry growth in the forecast period.
Key Industry Players in the Global Washing Machine Market
The report presents a detailed analysis of the following key players in the global washing machine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- LG Electronics Inc.
- Samsung Electronics Co., Ltd.
- BSH Home Appliances Ltd
- IFB Appliances
- Voltas Limited
- Panasonic Corporation
- Toshiba Lifestyle Products and Services Corporation
- Whirlpool Corporation
- Electrolux
- GE Appliances
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Technology |
|
| Breakup by Capacity |
|
| Breakup by End-Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Washing Machine Market Analysis
8.1 Key Industry Highlights
8.2 Global Washing Machine Historical Market (2018-2022)
8.3 Global Washing Machine Market Forecast (2023-2028)
8.4 Global Washing Machine Market by Product
8.4.1 Fully Automatic
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Front Load
8.4.1.3.2 Top Load
8.4.2 Semi-Automatic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Dryers
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Washing Machine Market by Technology
8.5.1 Smart Connect Machines
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Conventional Machines
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Washing Machine Market by Capacity
8.6.1 Below 8 Kg
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Above 8 Kg
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Washing Machine Market by End-Use
8.7.1 Commercial
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Residential
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Washing Machine Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Washing Machine Market Analysis
9.1 Market by Product
9.2 Market by Technology
9.3 Market by End-Use
9.4 Market by Country
9.4.1 United States of America
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Canada
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
10 Europe Washing Machine Market Analysis
10.1 Market by Product
10.2 Market by Technology
10.3 Market by End-Use
10.4 Market by Country
10.4.1 United Kingdom
10.4.1.1 Historical Trend (2018-2022)
10.4.1.2 Forecast Trend (2023-2028)
10.4.2 Germany
10.4.2.1 Historical Trend (2018-2022)
10.4.2.2 Forecast Trend (2023-2028)
10.4.3 France
10.4.3.1 Historical Trend (2018-2022)
10.4.3.2 Forecast Trend (2023-2028)
10.4.4 Italy
10.4.4.1 Historical Trend (2018-2022)
10.4.4.2 Forecast Trend (2023-2028)
10.4.5 Others
11 Asia Pacific Washing Machine Market Analysis
11.1 Market by Product
11.2 Market by Technology
11.3 Market by End-Use
11.4 Market by Country
11.4.1 China
11.4.1.1 Historical Trend (2018-2022)
11.4.1.2 Forecast Trend (2023-2028)
11.4.2 Japan
11.4.2.1 Historical Trend (2018-2022)
11.4.2.2 Forecast Trend (2023-2028)
11.4.3 India
11.4.3.1 Historical Trend (2018-2022)
11.4.3.2 Forecast Trend (2023-2028)
11.4.4 ASEAN
11.4.4.1 Historical Trend (2018-2022)
11.4.4.2 Forecast Trend (2023-2028)
11.4.5 South Korea
11.4.5.1 Historical Trend (2018-2022)
11.4.5.2 Forecast Trend (2023-2028)
11.4.6 Australia
11.4.6.1 Historical Trend (2018-2022)
11.4.6.2 Forecast Trend (2023-2028)
11.4.7 Others
12 Latin America Washing Machine Market Analysis
12.1 Market by Product
12.2 Market by Technology
12.3 Market by End-Use
12.4 Market by Country
12.4.1 Brazil
12.4.1.1 Historical Trend (2018-2022)
12.4.1.2 Forecast Trend (2023-2028)
12.4.2 Argentina
12.4.2.1 Historical Trend (2018-2022)
12.4.2.2 Forecast Trend (2023-2028)
12.4.3 Mexico
12.4.3.1 Historical Trend (2018-2022)
12.4.3.2 Forecast Trend (2023-2028)
12.4.4 Others
13 Middle East and Africa Washing Machine Market Analysis
13.1 Market by Product
13.2 Market by Technology
13.3 Market by End-Use
13.4 Market by Country
13.4.1 Saudi Arabia
13.4.1.1 Historical Trend (2018-2022)
13.4.1.2 Forecast Trend (2023-2028)
13.4.2 United Arab Emirates
13.4.2.1 Historical Trend (2018-2022)
13.4.2.2 Forecast Trend (2023-2028)
13.4.3 Nigeria
13.4.3.1 Historical Trend (2018-2022)
13.4.3.2 Forecast Trend (2023-2028)
13.4.4 South Africa
13.4.4.1 Historical Trend (2018-2022)
13.4.4.2 Forecast Trend (2023-2028)
13.4.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 8450)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 LG Electronics Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Samsung Electronics Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 BSH Home Appliances Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 IFB Appliances
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Voltas Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Panasonic Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Toshiba Lifestyle Products and Services Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Whirlpool Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Electrolux
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 GE Appliances
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Washing Machine Market: Key Industry Highlights, 2018 and 2028
2. Global Washing Machine Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Washing Machine Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Washing Machine Historical Market: Breakup by Technology (USD Million), 2018-2022
5. Global Washing Machine Market Forecast: Breakup by Technology (USD Million), 2023-2028
6. Global Washing Machine Historical Market: Breakup by Capacity (USD Million), 2018-2022
7. Global Washing Machine Market Forecast: Breakup by Capacity (USD Million), 2023-2028
8. Global Washing Machine Historical Market: Breakup by End-Use (USD Million), 2018-2022
9. Global Washing Machine Market Forecast: Breakup by End-Use (USD Million), 2023-2028
10. Global Washing Machine Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Washing Machine Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Washing Machine Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Washing Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Washing Machine Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Washing Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Washing Machine Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Washing Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Washing Machine Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Washing Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Washing Machine Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Washing Machine Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Major Importing Countries by Volume
23. Major Exporting Countries by Volume
24. Major Importing Countries by Value
25. Major Exporting Countries by Value
26. Global Washing Machine Market Structure
Key Questions Answered in the Report
In 2022, the global washing machine market attained a value of nearly USD 60.54 billion.
The market is projected to grow at a CAGR of 7.1% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 91.4 billion by 2028.
The market is being aided by the rising penetration of washing machines in developing countries, the growing demand for large models of washing machine, and the increasing demand for washing machines with aesthetic appeal.
The industry is projected to be propelled by the increasing trend of smart homes, the rising demand for smart washing machines, and the integration of the Internet of things (IoT) in washing machines.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of washing machine in the industry are fully automatic, semi-automatic, and dryers.
The different technologies of washing machine are smart connect machines and conventional machines.
The various capacities of washing machine are below 8 kg and above 8 kg.
The significant end uses in the market are commercial and residential.
The major players in the industry are LG Electronics Inc., Samsung Electronics Co., Ltd., BSH Home Appliances Ltd, IFB Appliances, Voltas Limited, Panasonic Corporation, Toshiba Lifestyle Products and Services Corporation, Whirlpool Corporation, Electrolux, and GE Appliances, among others.
Analyst Review
The global washing machine market attained a value of nearly USD 60.54 billion in 2022, driven by the growing demand for large models of washing machine. Aided by the rising demand for smart washing machines, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.1%. The market is projected to reach about USD 91.4 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the washing machine industry can be segmented into fully automatic, semi-automatic, and dryers. On the basis of technologies, the industry is divided into smart connect machines and conventional machines. By capacities, the market is bifurcated into below 8 kg and above 8 kg. Based on end uses, the market is classified into commercial and residential. The major regional markets for washing machine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include LG Electronics Inc., Samsung Electronics Co., Ltd., BSH Home Appliances Ltd, IFB Appliances, Voltas Limited, Panasonic Corporation, Toshiba Lifestyle Products and Services Corporation, Whirlpool Corporation, Electrolux, and GE Appliances, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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