Dishwasher Market: Expanding Application Areas to Drive the Global Market Growth
For the purpose of providing an exhaustive and in-depth analysis of the market, the global dishwasher market has been segmented on the basis of product type and end user. Based on different types of dishwasher available in the market, the dishwasher market has been classified into built-in dishwasher and free standing dishwasher. In addition, data related to application of dishwasher across various end user segment is also provided in this report.
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Moreover, information related to current market synopsis along with future expected growth trend of all the above mentioned segments including product type and end user across various regions such as North America, Asia Pacific, Europe, Middle-East and Africa (MEA) and Latin America is also provided in this report. Furthermore, various macroeconomic and micro-economic factors that are predicted to accelerate or inhibit the demand of dishwasher across all the above mentioned regions is also highlighted in this report.
Increasing popularity of modular kitchen across the globe coupled owing to space constraints coupled with rising disposable income is one of the key factor expected to trigger the demand of dishwasher during the forecast period from 2017 to 2025. In addition, changing lifestyle associated with busy schedule of the millennials population coupled with rising number of women working population is also predicted to accelerate the demand of dishwasher that helps to save their times.
On the other hand, increasing awareness of the consumers towards the effect of electronic appliances on environment is predicted to encourage various manufacturers to energy efficient dishwasher. Increasing demand for energy efficient dishwasher that consumes less energy and in turn reduce carbon footprints in predicted to create a better opportunity for various dishwasher manufacturers in the coming years.
Among the different types of dishwasher available in the market, built-in dishwasher held the largest market share in 2016 and is expected to maintain its dominance during the forecast period from 2017 to 2025. Rising preference of the commercial consumers segment towards space saving appliances along with large load capacity dishwasher is the most important factor attributed to this segment’s growth. The free standing dishwasher is expected to witness huge demand form the residential sectors in the coming years.
Based on end use, the market has been bifurcated into residential and non-residential. Further, based on distribution channel, the market has been classified into B2B and B2C.
Geographically, North America held the largest market share in the dishwasher market in 2016 and is predicted to maintain its leading position throughout the forecast period. However, existence to mature market owing to prevailing high penetration of dishwasher across various residential and commercial sector is responsible for the sluggish growth of the market.
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Alternatively, Asia Pacific region is expected to emerge as a rapidly growing region in terms of dishwasher’s demand in the coming years. Increasing influence of western style along with wide consumer base that is yet to purchase their first dishwasher is the post important factor behind this regions exponential growth rate. The overall demand of the dishwasher market in Asia Pacific market is anticipated also get impacted by the ‘eating out’ trend that is more pronounced in Hong Kong, Japan and Taiwan.
Some of the major players providing dishwashers across the globe includes General Electric (The U.S), Bosch (The Germany), Electrolux (Sweden) and LG (South Korea) among others.
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