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Europe Dishwasher Market is expected to display a steady growth by 2028|CAGR: 5%| UnivDatos Market Insights
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The Europe Dishwasher market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Europe Dishwasher market. The Europe Dishwasher market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Europe Dishwasher market at the global and regional levels.
Market Overview
Dishwashers are widely used to clean dishes in hotels, restaurants, and other commercial kitchens. Commercial dishwashers are more efficient than household dishwashers and provide other functionality such as sterilizing dish wares.
The increasing influence of the western lifestyle is a vital factor responsible for the upliftment of the market growth, also the rising need of the businessman to save time and accomplish the task as soon as possible, the rising number of restaurants, cafes, small-scale food sectors among others, busy lifestyle of people, growing preference for energy star-certified products as they offer numerous benefits such as savings on the operating costs, consumption of less energy, and reduced consumption of chemical agents used for cleaning, are some of the prime factors among others driving the commercial dishwashers market.
The Europe Dishwasher Market is expected to grow at a steady rate of around 5% owing to the rising disposable income among consumers. Growing home values have doubled the equity of the homeowner in the last five years. This indicates the propensity of homeowners to feel richer and more likely to spend money on home improvement. The growing importance of kitchens as a focal point in every home has led consumers to renovate and decorate their kitchens according to the latest trends and smart items. The tendency of consumers towards technical advances coupled with increasing social dynamics has led to the emergence of modern kitchens. Such factors are expected to boost demand for smart dishwashers over the forecast period.
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Some of the major players operating in the market include Electrolux AB, LG Electronics Inc., Whirlpool Corporation, Robert Bosch GmbH, Aga Rangemaster Group, Samsung Group, Asko Appliances AB, Miele, Fagor Electrodomésticos, Haier Group Corporation.
COVID-19 Impact
The COVID-19 pandemic adversely impacted the dishwasher market in Europe. As per Europa, household spending dropped by more than 10% on average in the second quarter of 2020 compared to the second quarter in 2019. In view of the Covid-19 pandemic, households are exposed to a multifaceted shock that affects them to a different degree, depending on an array of characteristics, such as job arrangements, household composition, access to liquidity, personal health conditions, and region of residence.
The global Europe Dishwasher market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
• Based on application, the market is segmented into residential and commercial. The residential segment grabbed a considerable market share in 2020. The enhanced technology features of the smart dishwasher allow users to integrate their dishwasher into a smart home design. The increasing demand for kitchen appliances with features such as the convenience of remote control, as well as the unique experience they provide, is likely to boost demand for smart dishwashers over the forecast period.
Globally, changing lifestyles and rising disposable incomes are contributing to home renovation and home remodeling initiatives aimed at revamping the conventional household structure.
• On the basis of distribution channel, the market is categorized into online, and offline. The offline segment grabbed the major market share and dominated the market in 2020. A rise in the number of specialty stores and hypermarkets across countries such as the UK, France and Germany is contributing to the growth of this segment.
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Europe Dishwasher Market Geographical Segmentation Includes:
• Germany
• The United Kingdom
• Spain
• Italy
• France
• Rest of Europe
In 2020, Germany held a significant share of the Europe dishwasher market. Increasing inclination towards smart kitchen technology in the region. The enhanced technology features of the smart dishwasher allow users to integrate their dishwasher into a smart home design. The increasing demand for kitchen appliances with features such as the convenience of remote control, as well as the unique experience they provide, is likely to boost demand for dishwashers in the region over the forecast period.
The major players targeting the market include
• Electrolux AB
• LG Electronics Inc.
• Whirlpool Corporation
• Robert Bosch GmbH
• Aga Rangemaster Group
• Samsung Group
• Asko Appliances AB
• Miele
• Fagor Electrodomésticos
• Haier Group Corporation
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Europe Dishwasher market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Europe Dishwasher market?
• Which factors are influencing the Europe Dishwasher market over the forecast period?
• What are the global challenges, threats, and risks in the Europe Dishwasher market?
• Which factors are propelling and restraining the Europe Dishwasher market?
• What are the demanding global regions of the Europe Dishwasher market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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