0

Residential Washing Machine Market by Technology, Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71586
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The residential washing machine market share is expected to increase by USD 13.53 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.91%.

This residential washing machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers residential washing machine market segmentation by technology (fully-automatic and semi-automatic), product (front load and top load), distribution channel (offline and online), and geography (APAC, Europe, North America, MEA, and South America). The residential washing machine market report also offers information on several market vendors, including AB Electrolux, Godrej Consumer Products Ltd., Haier Smart Home Co. Ltd., LG Electronics Inc., MIDEA GROUP, Miele and Cie. KG, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Whirlpool Corp. among others.

What will the Residential Washing Machine Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Residential Washing Machine Market Size for the Forecast Period and Other Important Statistics

 

Residential Washing Machine Market: Key Drivers and Trends

The product innovation leading to portfolio extension and product premiumization is notably driving the residential washing machine market growth, although factors such as fluctuations in raw material prices and operational costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the residential washing machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Residential Washing Machine Market Driver

The intense competition in the global residential washing machine market, coupled with the rapid expansion of technology, has revitalized the taste and preferences of the buyer in a way that the customer shifted preference to purchase more technically updated appliances. The customers seek appliances that can perform multiple tasks with minimal resources. To meet such evolving customer needs, vendors are continuously widening their product portfolio as per the growing and varying consumer demand. Vendors are also adopting effective marketing strategies and offering attractive discounts to ensure the high sales of the product. Hence, the growth in product premiumization and product line extension, coupled with the growing customer expenditure on household appliances, will drive sales in the global washing machine market.

Key Residential Washing Machine Market Challenge

The fluctuations in raw material prices and operational costs will be a major challenge for the residential washing machine market during the forecast period. Regular fluctuations in raw material prices pose a major hurdle for manufacturers as it directly impacts the product price and may hamper their profit margins. The main raw materials required in washing machine production include plastic, steel, and rubber. The prices of these products are highly sensitive and radically dependent on the significant fluctuation at an international level. Fluctuation in the prices of petroleum affects transportation costs of raw materials and final products. Therefore, the fluctuating prices of raw materials pose a challenge for manufacturers operating in the household appliances market to produce efficient and innovative household appliances at affordable prices. Such concerns are expected to affect the growth of the global residential washing machine adversely.

This residential washing machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Residential Washing Machine Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB Electrolux
  • Godrej Consumer Products Ltd.
  • Haier Smart Home Co. Ltd.
  • LG Electronics Inc.
  • MIDEA GROUP
  • Miele and Cie. KG
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Whirlpool Corp.

 

This statistical study of the residential washing machine market encompasses successful business strategies deployed by the key vendors. The residential washing machine market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The residential washing machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Residential Washing Machine Market?

For more insights on the market share of various regions Request for a FREE sample now!

53% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for residential washing machines in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The rising middle-class population and the increasing income of people will facilitate the residential washing machine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Residential Washing Machine Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The residential washing machine market share growth by the fully automatic segment will be significant during the forecast period. Fully-automatic washing machines are usually equipped with the following features to enhance the comfort of users.

This report provides an accurate prediction of the contribution of all the segments to the growth of the residential washing machine market size and actionable market insights on post COVID-19 impact on each segment.

 

Residential Washing Machine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.91%

Market growth 2021-2025

$ 13.53 billion

Market structure

Fragmented

YoY growth (%)

5.5

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 53%

Key consumer countries

China, US, India, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Electrolux, Godrej Consumer Products Ltd., Haier Smart Home Co. Ltd., LG Electronics Inc., MIDEA GROUP, Miele and Cie. KG, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Whirlpool Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Residential Washing Machine Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive residential washing machine market growth during the next five years
  • Precise estimation of the residential washing machine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the residential washing machine industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of residential washing machine market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Front load - Market size and forecast 2020-2025
    • Top load - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Fully-automatic - Market size and forecast 2020-2025
    • Semi-automatic - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Electrolux
      • Godrej Consumer Products Ltd.
      • Haier Smart Home Co. Ltd.
      • LG Electronics Inc.
      • MIDEA GROUP
      • Miele and Cie. KG
      • Panasonic Corp.
      • Robert Bosch GmbH
      • Samsung Electronics Co. Ltd.
      • Whirlpool Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The residential washing machine market growth will increase by $13532.88 million during 2020-2025.
      The residential washing machine market is expected to grow at a CAGR of 5.91% during 2020-2025.
      Technavio has segmented the residential washing machine market by technology (Fully-automatic and Semi-automatic) ,product (Front load and Top load) , and distribution channel (Offline and Online).
      AB Electrolux, Godrej Consumer Products Ltd., Haier Smart Home Co. Ltd., LG Electronics Inc., MIDEA GROUP, Miele and Cie. KG, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Whirlpool Corp. are a few of the key vendors in the residential washing machine market.
      APAC will register the highest growth rate of 52.74% among the other regions. Therefore, the residential washing machine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the residential washing machine market growth are:
      • Product innovation leading to portfolio extension and product premiumization
      The residential washing machine market vendors should focus on grabbing business opportunities from the fully-automatic segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Discretionary
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>