Residential Washing Machine Market Growth Analysis By Top Manufacturers – Samsung Group (South Korea), LG Electronics Inc. (South Korea), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (U.S.), Robert

The washing machine manufacturers and research institutions are investing heavily for technological advancements, which improve the efficiency of the washing machine. These are expected to modify and enhance the washing machine performance in way that it uses less water, detergent, and electricity. Asia-Pacific countries such as China, India, and others are the growing markets for residential washing machine.

Residential Washing Machine Market by Product and Machine Capacity: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global residential washing machine market was valued at $36,648 million in 2016, and is projected to reach $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. The fully automatic residential washing machine accounted for more than 58% of the global market in 2016.

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Washing machine is a home appliance used for the laundry purpose. Economic growth in advanced and developing countries has favored the growth of the washing machine market. The use of a washing machine helps to save time and energy required to wash laundry. Product innovations have led to the development of advanced washing machines that increase comfort level and convenience for customers. Some features of advanced washing machines include efficient use of water and electricity. Furthermore, development of rural household by government in regions such as Asia-Pacific is anticipated to increase the demand for these machines.

The global residential washing machine market is driven by rise in disposable income and improvements in rural electrification. Moreover, increase in affordability of washing machines and rapid urbanization fuel the market growth. However, the availability of laundry shops and growth of online laundry services restrain this growth. Technological and innovative advancement in washing machines to cater to customer demand presents a major opportunity for future market growth.

By product, the global residential washing machine market is divided into fully automatic, semi-automatic, and dryer. The fully automatic residential washing machine is expected to register the highest CAGR throughout the analysis period, owing to growth in urbanization and its user-friendliness feature.

Based on machine capacity, the global residential washing machine market is divided into below 6 kg, between 6 and 8 kg, and 8 kg & above. The 68 kg machine capacity is the most attractive segment, as it offers better energy efficiency and higher value for money, in terms of laundry washing.

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In 2016, Asia-Pacific and Europe collectively accounted for more than 73% of the global residential washing machine industry, in terms of value. This is due decline in the prices of the residential washing machine and rapid urbanization in Asia-Pacific. Asia-Pacific is projected to grow at the highest rate, followed by LAMEA, owing to increase in the purchasing power of the consumer, thereby increasing the residential washing machine market size.

The major companies profiled in this report are Samsung Group (South Korea), LG Electronics Inc. (South Korea), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (U.S.), Robert Bosch GmbH (Germany), Miele and Cie. KG (Germany), Panasonic Corporation (Japan), and GE Appliances (U.S.).

LIST OF TABLES

TABLE 1. GLOBAL RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 2. GLOBAL FULLY AUTOMATIC RESIDENTIAL WASHING MACHINE MARKET BY GEOGRAPHY 2015-2023, ($MILLION)
TABLE 3. GLOBAL SEMI-AUTOMATIC RESIDENTIAL WASHING MACHINE MARKET BY GEOGRAPHY 2015-2023, ($MILLION)
TABLE 4. GLOBAL DRYER RESIDENTIAL WASHING MACHINE MARKET BY GEOGRAPHY 2015-2023, ($MILLION)
TABLE 5. GLOBAL RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 6. GLOBAL RESIDENTIAL WASHING MACHINE WITH MACHINE CAPACITY BELOW 6 KG MARKET BY GEOGRAPHY 2015-2023, ($MILLION)
TABLE 7. GLOBAL RESIDENTIAL WASHING MACHINE WITH MACHINE CAPACITY BETWEEN 6-8 KG MARKET BY GEOGRAPHY 2015-2023, ($MILLION)
TABLE 8. GLOBAL RESIDENTIAL WASHING MACHINE WITH MACHINE CAPACITY 8 KG AND ABOVE MARKET BY GEOGRAPHY 2015-2023, ($MILLION)
TABLE 9. GLOBAL RESIDENTIAL WASHING MACHINE MARKET BY GEOGRAPHY, 2015-2023, ($MILLION)
TABLE 10. NORTH AMERICA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 11. NORTH AMERICA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 12. NORTH AMERICA RESIDENTIAL WASHING MACHINE MARKET BY COUNTRY, 2015-2023, ($MILLION)
TABLE 13. U.S. RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 14. U.S. RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 15. CANADA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 16. CANADA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 17. MEXICO RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 18. MEXICO RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 19. EUROPE RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 20. EUROPE RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 21. EUROPE RESIDENTIAL WASHING MACHINE MARKET BY COUNTRY, 2015-2023, ($MILLION)
TABLE 22. UK RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 23. UK RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 24. GERMANY RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 25. GERMANY RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 26. FRANCE RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 27. FRANCE RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 28. ITALY RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 29. ITALY RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 30. SPAIN RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 31. SPAIN RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 32. REST OF EUROPE RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 33. REST OF EUROPE RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 34. ASIA-PACIFIC RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 35. ASIA-PACIFIC RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 36. ASIA-PACIFIC RESIDENTIAL WASHING MACHINE MARKET BY COUNTRY, 2015-2023, ($MILLION)
TABLE 37. CHINA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 38. CHINA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 39. INDIA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 40. INDIA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 41. JAPAN RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 42. JAPAN RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 43. AUSTRALIA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 44. AUSTRALIA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 45. SOUTH KOREA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 46. SOUTH KOREA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 47. REST OF ASIA-PACIFIC RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 48. REST OF ASIA-PACIFIC RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 49. LAMEA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 50. LAMEA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 51. LAMEA RESIDENTIAL WASHING MACHINE MARKET BY COUNTRY, 2015-2023, ($MILLION)
TABLE 52. BRAZIL RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 53. BRAZIL RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 54. ARGENTINA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 55. ARGENTINA RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 56. CHILE RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 57. CHILE RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 58. MIDDLE EAST RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)
TABLE 59. MIDDLE EAST RESIDENTIAL WASHING MACHINE MARKET BY MACHINE CAPACITY, 2015-2023, ($MILLION)
TABLE 60. AFRICA RESIDENTIAL WASHING MACHINE MARKET BY PRODUCT TYPE, 2015-2023, ($MILLION)

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