Dishwasher Market Valuation Worth USD 54,293.4 Million by 2030, At 7.9% CAGR - Report by Allied Market Research

Allied Market Research published a report, titled, "Dishwasher Market by Product, Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.

The global dishwasher industry was estimated at $25.37 billion in 2020, and is anticipated to hit $54.29 billion by 2030, registering a CAGR of 7.5% from 2021 to 2030.

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In recent times, rise in number of small-sized foodservice entities across the world drives the consumption of dishwasher as foodservice industry is experiencing rapid growth across the globe. Foodservice entities refer to those companies, businesses, institutions, and organizations that prepare meal and serve them to the consumers or customers. Foodservice entities include restaurants, catering units, hotels, cafeterias, and similar other units, which are the major end-users of dishwasher.

Increasing popularity of eating-out culture and rise in the number of small-sized food service entities drive the growth of the global dishwasher market.

Based on application, the households segment dominated with the largest share in 2020, holding more than two-thirds of the global dishwasher market. The same segment is also expected to cite the fastest CAGR of 10.3% throughout the forecast period, due to increase in consumer expenditure on home appliances.

Based on distribution channel, the multibrand stores segment held the highest market share in terms of revenue, accounting for nearly one-third of the global dishwasher market. This is attributed to the fact that multi-brand stores like supermarkets & hypermarkets offer a wide variety of dishwashers under a single roof. Simultaneously, the online retails segment is estimated to exhibit the fastest CAGR of 11.2% during the forecast period. This is because increase in penetration of various online portals globally and rise in number of offers or discounts drive consumers to purchase consumer durables through online channels.

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Based on region, the market across North America dominated the market with major share in 2020, accounting for nearly two-fifths of the global dishwasher market, due to increased usage of energy-efficient dishwashers in this province. On the other hand, the market across Asia-Pacific is expected to witness the fastest CAGR of 11.1% from 2021 to 2030. Rise in urbanization and high standard of living of people, especially in the developing countries such as India and China drive the growth of the global dishwasher market.

Key players in the industry-

• Fagor Electrodomestico
• Haier Group Corporation
• LG Electronics, Inc.
• Miele& Cie. KG
• Asko Appliances AB
• Robert Bosch GmbH,
• Baumatic Ltd.
• Samsung Electronics Co. Ltd.
• Whirlpool Corporation
• Middleby Corporation.

Key Findings of the Study:

• Based on type segment, the built-in dishwashers accounted for the highest market share in 2020, growing at a CAGR of 9.6% and portable dishwashers was the fastest growing type with a CAGR of 11.20% between the years 2021 and 2030.
• On the basis of application, the households segment accounted for about 69.0% of market share in 2020. However, the commercial segment is expected to grow at a CAGR of 9.6% during the forecast period, owing to increase in consumer standards and improved economic stability.
• Based on region, North America accounted for about 37.7% of the market share in 2020 and is expected to grow at a CAGR of 9.50% during the forecast period.

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