Washing Machine Market 2020-2026 is Slated to Witness Tremendous Growth | Girbau North America; Electrolux; Fisher & Paykel Appliances Ltd; GE Appliances

Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Washing Machine Market by Product (Fully Automatic, Semi-Automatic, Dryers), Technology (Smart Connected, Conventional), Capacity (Less than 6KG, 6.1-8KG, Above 8KG), End-Use (Commercial, Residential), Application (Healthcare, Hospitality, Others), Sales Channel (E-Commerce, Retail Chains, Direct Sales)Analysis and Forecast, 2020 – 2026”. Washing machines are laundry-based consumer appliances that are designed to provide more comfort and accessibility to the consumers. These appliances utilize various components required for a successful cleaning process and reduce the requirement of human intervention. They also provide various other features such as drying, heating and others.

Few of the leading organizations’ names are listed here- Alliance Laundry Systems LLC; Girbau North America; Electrolux; Fisher & Paykel Appliances Ltd; GE Appliances; Haier Electronics Group Co., Ltd.; IFB Industries Limited; LG Electronics; MIRC ELECTRONICS LIMITED; Panasonic Corporation; BSH Hausgeräte GmbH; Whirlpool Corporation; Midea Group; SAMSUNG; Panasonic Corporation; Godrej.com and Miele & Cie. KG among others.

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Succinct Description of the Market:

Each segment of the report reveals some significant information with respect to the Global Market that could be later used to ensure that the market thrives in the forecast period. By utilizing the essential and optional research procedures, our scientists and examiners have distinguished the shrouded business openings related to the market, aside from social occasion critical experiences of the key players.

The Washing Machine is segmented on the basis of types and breadth of solutions offered by each of them. The first type is by Product (Fully Automatic, Semi-Automatic, Dryers), Technology (Smart Connected, Conventional), Capacity (Less than 6KG, 6.1-8KG, Above 8KG), End-Use (Commercial, Residential), Application (Healthcare, Hospitality, Others), Sales Channel (E-Commerce, Retail Chains, Direct Sales)

Market Driver:

Surge in adoption of laundry services available over the internet is expected to boost the growth of the market
Increasing utilization of smart and connected technology due to the prevalence of IoT; this factor is expected to boost the growth of the market
Changes in lifestyles and preferences of consumers resulting in better standard of living acts as a market driver
Increasing levels of disposable income of individuals globally is expected to fuel the market growth

Market Restraints:

Higher consumption of resources associated with these goods is expected to hinder the market growth
High cost of smart washing machines with latest technology which is not affordable by middle class population can hamper the market growth

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In this study, the years considered to estimate the market size of Washing Machine are as follows:

History Year: 2014-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year 2020 to 2026

Crucial Market Segment details-:

By Product

Fully Automatic
Front Load
Top Load
Semi-Automatic
Dryers

By Technology

Smart Connected
Conventional

By Capacity

Less than 6KG
6.1-8KG
Above 8KG

By End-Use

Commercial
Residential

By Application

Healthcare
Hospitality
Others

By Sales Channel

E-Commerce
Retail Chains
Direct Sales

Methodologies utilized to evaluate the market-:

In December 2018, Xiaomi announced the launch of a smart washing machine for the China region capable of handling loads of up to 10kg. The new product is another innovative addition for the innovative product line up of Xiaomi’s smart products. The product is both a washer and dryer while being highly energy efficient and very low noise producing consumer good

In September 2018, SAMSUNG announced the launch of their innovative top load washing machine for the Indian market equipped with “Make for India ActivWash+” operating concept. The product is operated on an digital inverter providing highly efficient energy consumption while significantly reducing the noise levels and motions. The product also offers the highest durability as it operates on “Direct Drive Technology”. The machine can also be connected through the company’s smartphone app which helps in reducing the maintenance costs

Research strategies and tools used-:

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Table of Contents

1 Washing Machine Market Overview

2 Manufacturers Profiles

3 Global Washing Machine Market Competitions, by Players

3.1 Global Washing Machine Revenue and Share by Players

3.2 Market Concentration Rate

3.2.1 Top 5 Washing Machine Players Market Share

3.2.2 Top 10 Washing Machine Players Market Share

3.3 Market Competition Trend

4 Global Washing Machine Market Size by Regions

5 North America Washing Machine Revenue by Countries

6 Europe Washing Machine Revenue by Countries

7 Asia-Pacific Washing Machine Revenue by Countries

8 South America Washing Machine Revenue by Countries

9 Middle East and Africa Revenue Washing Machine by Countries

10 Global Washing Machine Market Segment by Type

11 Global Washing Machine Market Segment by Application

12 Global Washing Machine Market Size Forecast (2019-2026)

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 Conclusion:  

This Washing Machine research report gives the outcome that matters most to the client. The research carried out in this report suggests what is going to be beneficial and how the report will help the business to grow.

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