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Residential Washing Machine Market to Reach $53,193 Million, Globally, by Top Companies Samsung Group (South Korea), LG Electronics Inc. (South Korea), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (U

12-10-2018 05:55 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Residential Washing Machine Market

Residential Washing Machine Market

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 FIGURES

FIGURE 1. GLOBAL RESIDENTIAL WASHING MACHINE MARKET SEGMENTATION
FIGURE 2. TOP INVESTMENT POCKETS, BY PRODUCT TYPE
FIGURE 3. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 4. LOW BARGAINING POWER OF BUYERS
FIGURE 5. MODERATE THREAT OF SUBSTITUTES
FIGURE 6. MODERATE THREAT OF NEW ENTRANTS
FIGURE 7. HIGH COMPETITIVE RIVALRY
FIGURE 8. GLOBAL CONSUMER EXPENDITURE AND ANNUAL DISPOSABLE INCOME GROWTH (%), 2009-2016
FIGURE 9. GLOBAL RESIDENTIAL WASHING MACHINE MARKET SHARE ANALYSIS, BY PRODUCT TYPE, 2016 & 2023
FIGURE 10. GLOBAL RESIDENTIAL WASHING MACHINE MARKET SHARE ANALYSIS, BY MACHINE CAPACITY, 2016 & 2023
FIGURE 11. GLOBAL RESIDENTIAL WASHING MACHINE MARKET SHARE ANALYSIS, BY GEOGRAPHY, 2016 & 2023
FIGURE 12. GLOBAL RESIDENTIAL WASHING MACHINE MARKET SHARE ANALYSIS, BY COMPANIES, 2016
FIGURE 13. GLOBAL FULLY AUTOMATIC RESIDENTIAL WASHING MACHINE MARKET BY COUNTRY SHARE, 2016 (%)
FIGURE 14. GLOBAL SEMI-AUTOMATIC RESIDENTIAL WASHING MACHINE MARKET BY COUNTRY SHARE, 2016 (%)
FIGURE 15. GLOBAL RESIDENTIAL WASHING MACHINE DRYER MARKET BY COUNTRY SHARE, 2016 (%)
FIGURE 16. GLOBAL RESIDENTIAL WASHING MACHINE WITH MACHINE CAPACITY BELOW 6 KG MARKET BY COUNTRY SHARE, 2016 (%)
FIGURE 17. GLOBAL RESIDENTIAL WASHING MACHINE WITH MACHINE CAPACITY BETWEEN 6-8 KG MARKET BY COUNTRY SHARE, 2016 (%)
FIGURE 18. GLOBAL RESIDENTIAL WASHING MACHINE WITH MACHINE CAPACITY 8 KG AND ABOVE MARKET BY COUNTRY SHARE, 2016 (%)
FIGURE 19. U.S. RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 20. CANADA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 21. MEXICO RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 22. UK RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 23. GERMANY RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 24. FRANCE RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 25. ITALY RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 26. SPAIN RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 27. REST OF EUROPE RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 28. CHINA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 29. INDIA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 30. JAPAN RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 31. AUSTRALIA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 32. SOUTH KOREA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 33. REST OF ASIA-PACIFIC RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 34. BRAZIL RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 35. ARGENTINA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 36. CHILE RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 37. MIDDLE EAST RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 38. AFRICA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)
FIGURE 39. REST OF LAMEA RESIDENTIAL WASHING MACHINE MARKET VALUE, 2015-2023 ($MILLION)

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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