Market Overview

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

• Residential washing machines are widely used home appliances for washing laundry, as they save time and energy.
• Numerous technological advancements have been 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 key players in this market to gain a significant market share in the washing machine market. Moreover, the government has taken various initiative towards the development of rural household in developing countries in Asia-Pacific, which is expected to increase the demand for residential washing machines.
• Increase in disposable income and improvements in rural electrification drive the global residential washing machine industry. In addition, rising affordability of washing machines and increased urbanization have 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, which includes 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 data gathered from industry analysts and market participants across key points in the industry’s value chain.

Report scope can be customized per your requirements. Click here.

Key Market Trends

Fully Automatic Washing Machine is Expected to Grow at Higher Rate

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

To understand key trends, Download Sample Report