Press release
Dishwasher Market size was valued at USD 7.72 Bn in 2022 and expected to grow at CAGR 7.4% by 2029, reaching nearly USD 12.72 Bn
Dishwasher Market
The report delves into the dynamics of the Dishwasher Market, providing a detailed overview of dishwasher technologies and their impact. It analyzes key market segments based on products, distribution channels, and applications. Furthermore, the report offers valuable insights into the regional trends and dynamics shaping the market landscape.
Maximize Market Research Pvt. Ltd. utilized a robust and comprehensive research methodology to gather and analyze data for this report. The research approach involved in-depth primary and secondary research, ensuring accuracy and reliability in the findings presented.
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Dishwasher Market Dynamics:
Changing consumer lifestyles and preferences are driving the growth of dishwashers globally. The surge in modular kitchen adoption and the integration of smart home appliances are contributing to the increased demand for advanced dishwashers. However, the upfront cost of domestic dishwasher machines remains a barrier to market penetration in certain regions.
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Dishwasher Market Segmentation:
by Product
Built in
Freestanding
The market is divided into Built-in and Freestanding segments based on the product. With its many advantages, the freestanding market category won the most market share in 2022, accounting for 58.83% of the total. The goods' simple handling and transporting capabilities make them indispensable for commercial consumers. When compared to items that are built-in, they are typically more affordable.
by Distribution Channel
Online
Offline
The market is divided into Offline and Online segments based on Distribution Channel.
In 2022, the Offline segment, which accounted for 71.4% of the worldwide market share, dominated the cookware industry. One of the main drivers of dishwashing offline sales is the presence of large retailers like supermarkets and hypermarkets.
During the projection period, the online segment is anticipated to expand quickly with a CAGR of 9.2%. During the projected period, it is anticipated that the major e-commerce operators, including Amazon, Alibaba, Flipkart, and many more, would accelerate growth for online dishwashing sales.
by Application
Commercial
Residential
The market is divided into Commercial and Residential segments based on Application.
In 2022, the Commercial category held a 60% market share of the global dishware market.Due to the growing demand for dishwashers in eateries, lodging facilities, workplaces, bars, and pubs, the market for the product is anticipated to develop.
The residential segment, which will make up about 40% of the market in 2022, is anticipated to expand at a CAGR of 6.2% throughout the course of the forecast period. The reasons predicted to propel the segment during the forecast period are factors attributing to the growth of the regional application segment, including growing sanitary awareness and growing inclination for modular kitchens.
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Dishwasher Market Key Players:
1. Samsung Group
2. Whirlpool Corporation
3. Haier Group
4. LG Electronics Inc.
5. Aga Rangemaster Group
6. Asko Appliances AB
7. Electrolux AB
8. Robert Bosch GmbH
9. Miele
10. General Electric Co.
11. Fagor Electrodomesticos
12. Beko and Blomberg
13. Dacor
14. Fisher and Paykel
15. GE Profile
16. IKEA
17. Bertazzoni
18. Kucht
19. Jenn-Air
20. Kenmore Elite
21. KitchenAid
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Regional Insights:
• Asia Pacific: This region holds the largest market share, accounting for 34.7% in 2022. Growing smart home and kitchen trends in countries like India and China are expected to drive demand for smart dishwashers.
• Europe: Expected to be the fastest-growing region, with approximately 28% market share. Prominent players' investments are fueling market growth.
• North America: Dominating the market share due to technological adoption and advanced infrastructure capabilities. Busy lifestyles of North American consumers have driven substantial dishwasher consumption.
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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