China Laundry Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Chinese Laundry Appliances Market is segmented by Type (Freestanding and Built-in), by Product (Washing Machine, Dryers, Electric Smoothing Irons, and Others), by Technology (Automatic, Semi-Automatic/ Manual, and Others) and by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels).

China Laundry Appliances Industry Overview

China Laundry Appliances Market
Study Period: 2019 - 2028
CAGR: > 2 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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China Laundry Appliances Market Analysis

Demand for small and large household appliances has been impressive in the first six months of 2021, exceeding pre-Corona sales levels in comparison to 2019, with a 20 percent increase for large appliances and a 25 percent increase for small appliances. However, extreme fluctuations can be observed in the market due to the pandemic and the varying infection levels and associated restrictions.

In the past few years, due to increasing disposable income and improved standard of living, there has been robust demand for laundry appliances in the China market.

Technological advancement has empowered producers to add innovative features to their products to boost their performance and set themselves apart from competitors. Today consumers are provided with a variety of choices in the market ranging from color, shape, and design to various after-sales services, credit facilities, and other such benefits, providing comfort and a better experience to the user. The addition of such features will boost the Chinese Laundry Appliances Market.

China Laundry Appliances Industry Segments

A laundry appliance is a machine used for cleaning and rinsing textiles by using water but is not limited to washing only. It can also be used for drying purposes. A complete background analysis of the China laundry appliances market, which includes an assessment of the National accounts, economy, and emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report. China Laundry Appliances Market is segmented by Type (Freestanding and Built-in), by Product (Washing Machine, Dryers, Electric Smoothing Irons, and Others), by Technology (Automatic, Semi-Automatic/ Manual, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels).

By Type
Freestanding
Built in
By Product
Washing Machine
Dryers
Electric Smoothing Irons
Others
By Technology
Automatic
Semi-Automatic/ Manual
Others
By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online
Other Distribution Channels

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China Laundry Appliances Market Trends

This section covers the major market trends shaping the China Laundry Appliances Market according to our research experts:

Increasing Disposable Income is Driving the Market

China's Laundry Appliances Market is witnessing growth owing to increasing disposable income that is leading to the purchase of laundry appliances. Increasing urbanization, changing the population's lifestyle, and disposable income are key factors expected to support the market's growth.

Growth in the population living in urban areas results in increased levels of disposable income that have made these appliances affordable; these factors are expected to drive the market growth.

The rise in per capita income in the country, which has increased disposable income, has led to an increase in consumer spending which acts as a major driving force. Appliances like these are making life easier for customers, increasing the demand for these products.

China Laundry Appliances Market 1

Washing Machine Segment is Driving the Market

The increasing demand for washing machines is expected to provide an impetus to the industry's growth. The increasing demand for energy-efficient devices is driving the washing machines demand in China.

The introduction of next-generation washing machines utilizing technology for efficient electricity and water is expected to positively impact the demand for these products. Technological and innovative advancement related to washing machines presents a major opportunity for manufacturers operating in this market.

The demand for washing machines is witnessing a continuous rise, owing to less availability of time for laundry by an increasing number of individuals due to their hectic lifestyles.

China Laundry Appliances Market 2

China Laundry Appliances Market Competitor Analysis

The report covers major international players operating in the Chinese laundry appliances market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

China Laundry Appliances Market Top Players

  1. Haier

  2. LG Electronics

  3. Bosch

  4. Samsung Electronics

  5. Midea

*Disclaimer: Major Players sorted in no particular order

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China Laundry Appliances Market Recent Developments

· November 2021: In previous years, Alibaba would tout Chinese consumers' demand for washing machines, smartphones, and makeup with a night-long presentation of statistics. But this year, it used its gala to highlight initiatives such as a program that assists disabled individuals in buying apparel and efforts to use more environmentally-friendly packaging.

· May 2021: Midea Group, China's largest home appliances company, is expanding overseas production with new plants featuring enhanced automation as part of its ambition to corner around 10 percent of the global market within five years, according to a top executive.

China Laundry Appliances Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights on impact of technology and innovation in the Market

    7. 4.7 Impact of Covid-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Freestanding

      2. 5.1.2 Built in

    2. 5.2 By Product

      1. 5.2.1 Washing Machine

      2. 5.2.2 Dryers

      3. 5.2.3 Electric Smoothing Irons

      4. 5.2.4 Others

    3. 5.3 By Technology

      1. 5.3.1 Automatic

      2. 5.3.2 Semi-Automatic/ Manual

      3. 5.3.3 Others

    4. 5.4 By Distribution Channel

      1. 5.4.1 Supermarkets and Hypermarkets

      2. 5.4.2 Specialty Stores

      3. 5.4.3 Online

      4. 5.4.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Alliance Laundry Systems

      2. 6.2.2 Bosch

      3. 6.2.3 Electrolux

      4. 6.2.4 GD Midea Holding Co., Ltd.

      5. 6.2.5 Haier Group

      6. 6.2.6 LG Electronics

      7. 6.2.7 Miele & Cie KG

      8. 6.2.8 Panasonic Corp

      9. 6.2.9 Samsung

      10. 6.2.10 Whirlpool*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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China Laundry Appliances Market Research FAQs

The China Laundry Appliances Market is studied from 2019 - 2028.

The China Laundry Appliances Market is growing at a CAGR of >2% over the next 5 years.

Haier, LG Electronics, Bosch, Samsung Electronics, Midea are the major companies operating in China Laundry Appliances Market.

China Laundry Appliances Industry Reports

In-depth industry statistics and market share insights of the China Laundry Appliances sector for 2020, 2021, and 2022. The China Laundry Appliances research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the China Laundry Appliances report PDF.

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