Israel Laundry Appliances Market Size

Israel Laundry Appliances Market Analysis

The Israel Laundry Appliances Market size is estimated at USD 290.81 million in 2024, and is expected to reach USD 341.24 million by 2029, growing at a CAGR of 3.25% during the forecast period (2024-2029).

The impact of COVID-19 on dry cleaning and laundry services in Israel varied depending on the customer base. Companies dependent on cleaning business wear were negatively affected due to business closures and moving to work from home culture. While some companies that were more focused on business-to-business sales increased their sales as their customers intensified cleaning efforts to minimize the infection risk.

Home laundry appliances in Israel experienced a decrease in sales last year. Although a slight increase in laundry habits was possible due to concerns about germs, consumers spent most of their time at home wearing a smaller clothes collection. It, thus, reduced the need to do laundry. Furthermore, not all people in Israel had more disposable income. Some consumers preferred to fix old washing machines or hang their clothes outside to dry, given the country's warm climate.

The growth in home laundry appliances slowed slightly in the past two years due to the slowdown in the housing market. Housing acquisitions slowed significantly due to Buyer's Price's governmental housing plan, which offers apartments at lower-than-market prices. These also caused market uncertainty about whether apartment prices would continue rising. Therefore, many consumers wait until the situation is clearer before buying a home. With the pickup of home buyers, the laundry market will catch up with the pace and grow further.