openPR Logo
Press release

Global Washing Machine Market Size Worth US$ 65.7 Billion by 2027 | CAGR 4.8%

11-18-2022 05:17 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Global Washing Machine Market Size Worth US$ 65.7 Billion by 2027

According to the latest report by IMARC Group "Washing Machine Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027", The global washing machine market size reached US$ 49.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.7 Billion by 2027, exhibiting a growth rate (CAGR) of 4.8% during 2022-2027.

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.

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.

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 Global Washing Machine Market Size Worth US$ 65.7 Billion by 2027 | CAGR 4.8% here

News-ID: 2812073 • Views:

More Releases from IMARC Group

Radar System Market Size, Share, Growth And Forecast Report 2025-2033
Radar System Market Size, Share, Growth And Forecast Report 2025-2033
Radar System Market Overview: The radar system market is experiencing strong growth, driven by increasing demand for advanced surveillance, navigation, and safety solutions across defense, aerospace, automotive, and maritime industries. Radar systems are widely used for detecting objects, tracking movements, monitoring weather conditions, and ensuring security in both military and civilian applications. The rise in geopolitical tensions, rapid adoption of autonomous vehicles, and technological advancements such as phased-array, Doppler, and 3D
Cold Chain Logistics Market Valuation to Reach USD 932.70 Billion by 2033 - Industry Expanding at a CAGR of 12.31%
Cold Chain Logistics Market Valuation to Reach USD 932.70 Billion by 2033 - Indu …
Market Overview: The cold chain logistics market is experiencing remarkable expansion, driven by the growing demand for temperature-sensitive products, rising consumer preference for fresh and frozen foods, and the pharmaceutical industry's need for specialized storage solutions. According to IMARC Group's latest research publication, "Cold Chain Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the global cold chain logistics market size reached USD 292.06 Billion in 2024. Looking
Global Hair Serum Market Size, Share And Trends Report 2025-2033
Global Hair Serum Market Size, Share And Trends Report 2025-2033
Hair Serum Market Overview: The hair serum market is witnessing significant growth, driven by rising consumer awareness of hair care, increasing concerns over hair damage, and growing demand for multifunctional cosmetic products. Hair serums are lightweight, leave-in treatments formulated with active ingredients such as oils, silicones, and vitamins that provide benefits like frizz control, shine enhancement, heat protection, and nourishment. The surge in beauty and personal care spending, the influence of
Fruit Pulp Market Valuation to Reach USD 2.11 Billion by 2033 - Industry Expanding at a CAGR of 3.67%
Fruit Pulp Market Valuation to Reach USD 2.11 Billion by 2033 - Industry Expandi …
Market Overview The fruit pulp market is experiencing robust growth, driven by increasing demand for natural and organic food ingredients, expanding applications in the food and beverage industry, and rising health consciousness among global populations. According to IMARC Group's latest research publication, "Fruit Pulp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the global fruit pulp market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group

All 5 Releases


More Releases for Breakup

Hope Timothy Launches Her Empowering New Book: Beyond Breakup - A Journey to Red …
Hope Timothy's [https://hopetimothy.com/] inspiring book, "Beyond Breakup [https://www.amazon.com/dp/B0DTB1JBPZ]," becomes a journey of self-discovery, strength, and revitalisation for anyone who undergoes an emotional roller coaster following a breakup. Using deep empathy and personal knowledge, Hope crafts, in the form of words - a tale of her life that aids readers in finding their identities, rebuilding lives, and embracing new opportunities. Now, coming to the life of Hope Timothy - the inspiring author
Breakup Apps Market Size Analysis by Application, Type, and Region: Forecast to …
USA, New Jersey- According to Market Research Intellect, the global Breakup Apps market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The breakup apps market has witnessed significant growth in recent years as more individuals turn to digital solutions to help manage the emotional and practical
Move Forward After Divorce or Breakup with Leanne Young
Find Closure, Healing, and Peace of Mind with Transformative, One-to-One and Group Coaching The end of a relationship, whether a divorce or breakup, can be emotionally devastating, but recovery is possible. In the aftermath, individuals often find themselves navigating a complex emotional landscape filled initially with pain, grief, and uncertainty. Then, there is a focus on many skills, and coping mechanisms to learn; whether in the early, middle, or later stage
echo j Releases Debut Poetry Collection pov - a breakup : for the little miss ov …
Heartbreak is just the beginning - discover the poetry that helps you find yourself after a breakup. In an era where the echoes of heartbreak resonate louder than ever, emerging poet Echo J offers a refreshing perspective on love and loss with her debut poetry collection, pov - a breakup : for the little miss overthinkers. Scheduled for release as an eBook on August 14th, and in paperback on August 8th,
Facade Market Breakup By Material (Glass, Metal, Plastic & Fibre, Stones), Size …
According to IMARC Group's latest report, titled "𝐅𝐚𝐜𝐚𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global facade market is expected to exhibit a CAGR of 7.9% during 2022-2027. Looking forward, IMARC Group expects the global façade market to continue its robust growth during the forecast period (2022-2027). The facade is the outer layer or face of a building that is visible from the street or public
04-16-2021 | Health & Medicine
Fact.MR
Consumer Appliance Coatings Market 2020 to 2030: Detailed breakup in terms of va …
The global consumer appliance coatings market is gaining traction owing to rise in demand in diverse applications such as refrigeration, large cooking appliances, home laundry, and others. The global refrigeration industry was estimated at more than US$ 19 billion in 2018, and is growing steadily to cross US$ 28 billion by 2025. To remain ‘ahead’ of your competitors, request for a sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=5420 As a result, demand for consumer appliance