Global Washing Machine Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Washing Machine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global washing machine market report has been segmented on the basis of type, technology, capacity, end user, and region.

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Global Washing Machine Market: Overview

Washing machines are electronic appliances that are used to clean and wash apparels automatically. These machines aids to wash multiple garments at the same time and reduces the manual process of soaking, washing, and drying.

Global Washing Machine Market: Dynamics

Washing machine market is estimated to register significant growth, owing to increasing demand from commercial industries such as hospitality, healthcare etc. In addition, a growing chain of commercial laundries is one of the key factors expected to fuel demand for washing machines which turns in growth of the target market. Availability of washing machines in various specifications coupled with the integration of smart technology is one of the major factor anticipated to drive growth of the target market. Increasing penetration of smartphone and the Internet has led to increased awareness regarding innovative and smart washing machines which turns in growth of the global market. Increasing urbanization, changing a lifestyle of population coupled with disposable income are key factors expected to support growth of the target market. Increasing investment in R&D activities and technological advancements into washing machines such as controlling washing machine by using mobile apps are some factors among other anticipated to fuel growth of the global market over the forecast period. Increasing demand for fully automatic machines is attributed to busy lifestyle of working population and hence expected to propel growth of the target market. Recent trend shows that manufacturers are focusing on the development and manufacturing of some energy-efficient products, owing to the various energy labels and energy efficiency policies.

Global Washing Machine Market: Segment Analysis

On the basis of type, the fully automatic segment is expected to account a significant share of the global market in terms of revenue owing to, increasing demand for residential application and minimal requirement of supervision.

On the basis of technology, the smart connected washing machine segment is expected to register significant growth, owing to increasing inclination towards convenience and changing lifestyle.

On the basis of end-user, the commercial segment is estimated to witness considerable growth, owing to the increasing number of commercial laundries and demand for hospitality and healthcare industries.

Global Washing Machine Market: Regional Analysis

Washing machine market in Asia Pacific is estimated to register significant growth, owing to the growing demand for smart connected and fully automatic washing machines. In addition, the growing base of middle-class populace coupled with increasing disposable income is one of the major factors anticipated to drive target market growth. Presence of major players in the emerging countries such as India and China is another factor expected to support growth of the target market.

Rising demand for energy efficient and cost effective washing machines is a factor expected to drive growth of North America market. In addition, quick adoption of new technologies and smart devices is a key factor anticipated to propel growth of the target market in the region.

Global Washing Machine Market Segmentation:

Segmentation by Type:

Semi-automatic
Fully automatic
Front load
Top load
Dryers

Segmentation by Technology:

Conventional washing machine
Smart connected washing machine

Segmentation by Capacity:

Below 6 kg
1 to 8 kg
Above 8 kg

Segmentation by End user:

Residential
Commercial