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Commercial Washing Appliances Market Top Resulting Outlook
Washing Appliances Market
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The Commercial Washing Appliances Market is all set to upscale along the lines of innovation in the forecast period. Flexible packaging has made a beeline into the CPG vertical and the scene is expected to be the same in the forecast period. There are various types of flexible packaging available, like post-consumer recycled, compostable, and biodegradable. Also, fat-turnaround helps in digitally printed flexible packaging, thereby rendering the CPG vertical flexible.
Washing machines are an essential appliance found in every residential place. Based on the type of loading clothes, there are two major categories of washing machines, namely, front loading washing machines and top loading washing machines. As per the name, in top loading washing machines, the clothes are placed in the machine from the top side of the appliance, whereas in front loading machines, clothes are loaded from the front side. Front loading machines are better in efficiency, they consume less electricity, less amount of water and carry out optimum utilization of detergent powder. The advent of technology has led to new innovations and developments in Commercial Washing Appliances which has triggered their adoption on a large scale in the globe.
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Global Commercial Washing Appliances Market: Forecast Analysis
The research report portrays an unbiased view of the global Commercial Washing Appliances market and has sketched its growth path. According to this research study, the global market is estimated to reach a high valuation of more than US$ 59 Bn by the end of the year of assessment from a value of about US$ 24 Bn in 2017 and is projected to grow at a CAGR of 10.7% throughout the period of forecast.
Global Commercial Washing Appliances Market: Factors Influencing Growth
The factors influencing the growth of the global Commercial Washing Appliances market are reduced physical effort, enhanced cleaning and washing efficiency, time saving, increasing developments in technology of Commercial Washing Appliances and rising disposable income. However, factors such has high maintenance cost and higher electricity consumption in case of certain machines owing to mechanical fault have challenged the growth of the global market.
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Global Commercial Washing Appliances Market: Segmentation Snapshot
The global Commercial Washing Appliances market is segmented on the basis of product type, by sales channel, by end user and by region.
• By end user, the residential segment is expected to show high adoption of Commercial Washing Appliances and is expected to lead the global market in terms of value. However, the commercial segment is projected to grow at a comparatively higher rate during the assessment period
• By product type, the front load fully automatic washing machine segment is likely to lead the global market and is the largest segment with high growth potential. This segment is projected to grow at a high CAGR of 14.5% during the forecast period
• By sales channel, e-commerce is considered to be a more versatile channel for the sales of Commercial Washing Appliances. The e-commerce segment is poised to register a significant CAGR to reach a high estimation of about US$ 35 Bn by the end of the year of assessment
• Commercial Washing Appliances market in North America region is the largest market in terms of market share as compared to other regions. However, the market in Asia Pacific excluding Japan region is poised to register a high growth rate in the coming years
Global Commercial Washing Appliances Market: Competitive Assessment
The research report on global Commercial Washing Appliances market covers information regarding major market players such as Philips, Siemens Group, Haier, Panasonic, Electrolux AB, GE Appliance, Samsung Electronics Co. Ltd., Robert Bosch, LG Electronics and Whirlpool Corporation.
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