Press release
Washing Machine Industry to Grow at a CAGR of 4.8% during 2022-2027 - IMARC Group
A washing machine is an electrical appliance used to wash and dry various types of clothes. It comprises washing machine tub, agitator, impeller, machine motor, drain pump, water inlet valve, washer drain hose, and console. It operates by spinning the fabric at high speed and generating centrifugal force to pass the detergent through the clothes and remove filth from the fibers of the clothes. It helps remove the bad odor and facilitates washing by shaking clothes in soapy suds and water before spinning them in the water after the cycle. Besides this, washing machine is easy to operate, requires low power, and assists in saving time and effort compared to hand. At present, it is available in top-load, front-load, semi-, and fully automatic models and comes with various features, such as child lock, air dry function, reloads option, smart rinse, and memory wash.
Request for a free sample copy of this report: https://www.imarcgroup.com/washing-machine-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Washing Machine Market Trends:
Improving standards of living and inflating disposable incomes of individuals represent one of the key factors positively influencing the market. In addition, the easy availability of washing machines across online and offline distribution channels, coupled with the facilities of free doorstep delivery and secured payment gateways, is bolstering the market growth. This, in confluence with the escalating demand for simple and fast home appliances due to the rising inclination towards a comfortable lifestyle, is creating a favorable market outlook. Apart from this, a significant increase in the working population and hectic schedules of people are offering lucrative growth opportunities to the key market players to introduce appliances that support household work. In line with this, the rising focus of key market players in marketing strategies, such as social media promotion, banner advertising, and celebrity endorsement, is creating a positive market outlook.
Moreover, the availability of various colors and sizes options to choose from is attracting a wider consumer base and increasing product sales. Apart from this, various technological advancements, such as artificial intelligence (AI) and internet of things (IoT) solutions to provide real-time alerts of the machine on smartphones, are strengthening the market growth. Additionally, the introduction of smart appliances that can be connected to wireless, Bluetooth, and internet devices is providing a thrust to the market growth. In addition, leading companies are integrating voice-controlled applications, such as Google Assistant and Alexa, into their product to gain a competitive edge in the market. Furthermore, the increasing inclination toward the development of energy-efficient appliances to save energy is driving the market. Furthermore, numerous favorable initiatives undertaken by governments of various countries to support electronics manufacturing are anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global washing machine market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, technology, capacity, application and end use.
Breakup by Product:
Fully Automatic
Front Load
Top Load
Semi-Automatic
Dryers
Breakup by Technology:
Smart Connected
Conventional
Breakup by Capacity:
Below 6 kg
6.1 to 8 kg
Above 8 kg
Breakup by Application:
Healthcare
Hospitality
Others
Breakup by End Use:
Commercial
Residential
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
AB Electrolux
Alliance Laundry Systems LLC
Godrej Group
Haier Group Corporation
IFB Industries Limited
LG Electronics Inc.
MIRC Electronics Limited
Panasonic Corporation
Robert Bosch GmbH
Samsung Electronics Co. Ltd.
Toshiba Corporation
Whirlpool Corporation.
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/washing-machine-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Other Related Reports By IMARC Group
Mineral Cosmetics Market: https://www.imarcgroup.com/mineral-cosmetics-market
Shoe Shine Machine Market: https://www.imarcgroup.com/shoe-shine-machine-market
Home Bedding Market: https://www.imarcgroup.com/home-bedding-market
Kitchen Appliances Market: https://www.imarcgroup.com/kitchen-appliances-market
Furniture Market: https://www.imarcgroup.com/furniture-market
Baby Pacifier Market: https://www.imarcgroup.com/baby-pacifier-market
Paint Rollers Market: https://www.imarcgroup.com/paint-rollers-market
Luxury Footwear Market: https://www.imarcgroup.com/luxury-footwear-market
Electric Kettle Market: https://www.imarcgroup.com/electric-kettle-market
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Washing Machine Industry to Grow at a CAGR of 4.8% during 2022-2027 - IMARC Group here
News-ID: 2808531 • Views: …
More Releases from IMARC Group
Top 11 Fitness App Companies in the World 2024 | IMARC Group
Major players in the fitness app industry are constantly innovating interfaces and technologies to meet the growing needs and preferences of users. They are focused on providing personalized experiences by using data analytics and machine learning (ML) algorithms to understand individuals' goals, fitness levels, and preferences. This data-driven approach allows companies to offer tailored workout plans, nutrition recommendations, and progress tracking, which helps increase user engagement and results. In line…
Top 10 Zirconium Companies in the World 2024 | IMARC Group
Zirconium is a silver-gray and versatile metal obtained from the mineral zircon. It is known for its superior wear and heat resistance, making it suitable for applications involving abrasion and friction. It is chemically inert in many environments and helps maintain the purity of the materials and substances derived from it. It has a high melting point, making it the preferred choice for applications in high temperature environments. It plays…
Top 11 Food Logistics Companies in the World | IMARC Group
Major market players are investing heavily in advanced systems such as data analytics and artificial intelligence (AI) to optimize their supply chain management. These technological advancements enable accurate tracking of products, efficient route planning and better inventory management to ensure timely delivery, reduce food wastage and enhance the overall customer experience. Top companies are actively working to reduce their carbon footprint by adopting eco-friendly practices. This includes transitioning to electric…
Top 11 Petroleum Coke Companies in the World | IMARC Group
Companies are investing in refining facilities and technologies to efficiently extract coke while maximizing production of high-value products such as gasoline, diesel and petrochemicals. It involves optimizing the distillation process to achieve the desired coke quality. They are investing in the technology and infrastructure needed for efficient and cost-effective production processes. In line with this, key players are focusing on quality control measures to ensure that petroleum coke meets specific…
More Releases for Market:
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
Global Organic Food & Beverage Market | Market Size, Market Share, Market Trends …
The term 'organic' has gained much popularity since the last decade, which refers to the process of how certain foods are produced. Organic food is grown without the use of synthetic chemicals, such as human-made pesticides and fertilizers, and does not contain genetically modified organisms (GMOs). According to the recently published report titled, 'Global Organic Food & Beverage Outlook, 2026', by Bonafide Research the organic foods & beverage industry has…
Robotic Cardiology Surgery Market Insights Includes Market Share, Market Researc …
Robotic Cardiology Surgery Market
Global demand for cardiac surgery robots in 2025 will explode to $XXX billion. This represents an astonishing XX% growth yearly in terms of annual revenue between 2016 and 2025, and a cumulative market total of $7.50 billion during 2017-2025 owing to the substantial increase of robot-based and computer-assisted cardiological surgery procedures for heart disorders.
Global Robotic Cardiology Surgery Market 2016-2025: Market Size, Share, Forecast and Strategy is based…
Educational Robots Market, Market Segmentation, Market Report, Market Forecast
Global Educational Robots market valued USD 670 Million in 2017 and is likely to grow more than USD 2339.8 Million by 2025 with a compounded annual growth of 16.92% over the forecast period 2018-2025. The market growth is primarily driven by technological enhancements in the field of robotics and increasing use of robots for educational purposes. However, high initial research and development expenses hamper market growth. The main function of…
