RESIDENTIAL WASHING MACHINE MARKET - GROWTH, TRENDS, AND FORECAST (2020 - 2025)

The Market is Segmented by Type (Front Load and Top Load), Technology (Fully-automatic, Semi-automatic, and Dryers), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa).

Market Snapshot

residential washing machines market

Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Major Players:

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Market Overview

One of the most useful home appliances used in households across the world is a washing machine. The features of the washing machine are still being improved by incorporating microcontrollers that allow manufacturers to implement many useful features.

  • Residential washing machines are the widely used home appliances for washing laundry, as they save time and energy.
  • Numerous technological advancements were carried out in these machines during the last few years, leading to their higher efficiency, in terms of saving water and electricity.
  • This has also enabled the key players in the market to gain a significant share in the washing machine market. Moreover, the government has taken various initiatives toward the development of rural households in developing countries in Asia-Pacific, which is expected to increase the demand for residential washing machines.
  • An increase in disposable income and improvements in rural electrification drive the residential washing machine industry. In addition, the rising affordability of washing machines and increased urbanization fueled the demand for washing machines.
  • However, the availability of laundry shops and growth in online laundry services hamper the growth. Technological and innovative advancement related to washing machines presents a major opportunity for manufacturers operating in this market.

Scope of the Report

A complete background analysis of the residential washing machine market, including an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report. The report also features the qualitative and quantitative assessment by analyzing the data gathered from industry analysts and market participants across key points in the industry’s value chain.

By Type
Front Load
Top Load
By Technology
Fully-automatic
Semi-automatic
Dryers
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Online
Other Distribution Channels
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa

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Key Market Trends

Fully Automatic Washing Machine is Expected to Grow at Higher Rate

A fully automatic washing machine contains a single motor, which has the ability of both washing and whirling, which is done on its own without any help from any manual involvement. The segment is expected to be the fastest-growing segment, owing to the growing shortage of time for household chores. The increased number of dual-income households with insufficient time for laundry has led to the rising demand for laundromats. The energy labels and energy efficiency policies enabled manufacturers to focus on the development of energy-efficient products.

residential washing machines market

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Asia-Pacific Region to Witness the Highest Growth

The Asia-Pacific residential washing machine market is anticipated to grow rapidly, as residential washing machines gained popularity, owing to their compatible and user-friendly features. In addition, emerging economies in the region, rapid urbanization, and an expanding middle-class population drive the market. The demand for residential washing machines is witnessing a continuous rise, owing to less availability of time to laundry by an increasing number of individuals, due to their hectic lifestyle.

residential washing machines market

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Competitive Landscape

The report covers major international players operating in the market studied. The market is dominated by players, such as LG Electronics Inc, Whirlpool Corporation, Haier Group Corporation, and Electrolux, among others. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Trends Shaping the Residential Washing Machine Market

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Industry Value Chain Analysis

    7. 4.7 Regulatory Framework

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Front Load

      2. 5.1.2 Top Load

    2. 5.2 By Technology

      1. 5.2.1 Fully-automatic

      2. 5.2.2 Semi-automatic

      3. 5.2.3 Dryers

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Specialty Stores

      3. 5.3.3 Online

      4. 5.3.4 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 LG Electronics Inc.

      2. 6.1.2 Whirlpool Corporation

      3. 6.1.3 Haier Group Corporation

      4. 6.1.4 Electrolux

      5. 6.1.5 Panasonic

      6. 6.1.6 BSH Home Appliances Group

      7. 6.1.7 GE

      8. 6.1.8 Samsung

      9. 6.1.9 Hitachi

      10. 6.1.10 Toshiba*

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

* List Not Exhaustive

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