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Global Washing Machine Market: 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; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Washing Machine Market Outlook
The global washing machine market attained a value of more than USD 52.80 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.3% to reach over USD 71.98 billion by 2027.
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.
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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.
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.
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
- Alliance Laundry Systems LLC
- Continental Girbau, Inc.
- Fisher & Paykel Appliances Ltd.
- Haier Electronics Group Co Ltd.
- IFB Industries Ltd.
- Electronics Inc.
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Technology, Capacity, End Use, Region |
| Breakup by Product | Fully Automatic, Semi-Automatic, Dryers |
| Breakup by Technology | Smart Connect Machines, Conventional Machines |
| Breakup by Capacity | Below 8 Kg, Above 8 Kg |
| Breakup by End Use | Commercial, Residential |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | LG Electronics, Alliance Laundry Systems LLC, Continental Girbau, Inc., Fisher & Paykel Appliances Ltd., Haier Electronics Group Co Ltd., IFB Industries Ltd., Electronics Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Washing Machine Market Analysis
8.1 Key Industry Highlights
8.2 Global Washing Machine Historical Market (2017-2021)
8.3 Global Washing Machine Market Forecast (2022-2027)
8.4 Global Washing Machine Market by Product
8.4.1 Fully Automatic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Breakup by Type
8.4.1.4.1 Front Load
8.4.1.4.2 Top Load
8.4.2 Semi-Automatic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Dryers
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Washing Machine Market by Technology
8.5.1 Smart Connect Machines
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Conventional Machines
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Washing Machine Market by Capacity
8.6.1 Below 8 Kg
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Above 8 Kg
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Washing Machine Market by End Use
8.7.1 Commercial
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Residential
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.8 Global Washing Machine Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Trade Data Analysis (HS Code – 8450)
11.1 Major Importing Countries
11.1.1 By Value
11.1.2 By Volume
11.2 Major Exporting Countries
11.2.1 By Value
11.2.2 By Volume
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 LG Electronics
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Alliance Laundry Systems LLC
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Continental Girbau, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Fisher & Paykel Appliances Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Haier Electronics Group Co Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 IFB Industries Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Electronics Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Washing Machine Market: Key Industry Highlights, 2017 and 2027
2. Global Washing Machine Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Washing Machine Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Washing Machine Historical Market: Breakup by Technology (USD Billion), 2017-2021
5. Global Washing Machine Market Forecast: Breakup by Technology (USD Billion), 2022-2027
6. Global Washing Machine Historical Market: Breakup by Capacity (USD Billion), 2017-2021
7. Global Washing Machine Market Forecast: Breakup by Capacity (USD Billion), 2022-2027
8. Global Washing Machine Historical Market: Breakup by End Use (USD Billion), 2017-2021
9. Global Washing Machine Market Forecast: Breakup by End Use (USD Billion), 2022-2027
10. Global Washing Machine Historical Market: Breakup by Region (USD Billion), 2017-2021
11. Global Washing Machine Market Forecast: Breakup by Region (USD Billion), 2022-2027
12. North America Global Washing Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
13. North America Global Washing Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Europe Global Washing Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Europe Global Washing Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Asia Pacific Global Washing Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Asia Pacific Global Washing Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Latin America Global Washing Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Latin America Global Washing Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Global Washing Machine Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Middle East and Africa Global Washing Machine Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Washing Machine Market Structure
Key Questions Answered in the Report
In 2021, the global washing machine market attained a value of nearly USD 52.80 billion.
The market is projected to grow at a CAGR of 5.3% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 71.98 billion by 2027.
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, Alliance Laundry Systems LLC, Continental Girbau, Inc., Fisher & Paykel Appliances Ltd., Haier Electronics Group Co Ltd., IFB Industries Ltd., and Electronics Inc., among others.
Analyst Review
The global washing machine market attained a value of nearly USD 52.80 billion in 2021, 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 2022-2027, growing at a CAGR of 5.3%. The market is projected to reach about USD 71.98 billion by 2027.
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, Alliance Laundry Systems LLC, Continental Girbau, Inc., Fisher & Paykel Appliances Ltd., Haier Electronics Group Co Ltd., IFB Industries Ltd., and Electronics Inc., 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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