Press release
Household Laundry Equipment Global Market Anticipated to Attain $131.11 Billion By 2028, at 4.9% CAGR | LG Electronics, Whirlpool Corporation, Haier Corporation, Electrolux AB
Household Laundry Equipment Market
As per the report, the household laundry equipment market size has grown strongly in recent years. It will grow from $101.96 billion in 2023 to $108.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The household laundry equipment market size is expected to see steady growth in the next few years. It will grow to $131.11 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
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Rapid Urbanization Drives The Growth Of Household Laundry Equipment In The Forecast Period
Rapid Urbanization Is Expected To Contribute To The Growth Of Household Laundry Equipment In The Forecast Period. For Instance, In April 2022, According To The World Economic Forum, A Switzerland-Based Independent International Organization, More Than 4.3 Billion People, Or 55% Of The World'S Population, Lived In Urban Settings, And The Number Is Expected To Rise To 80% By 2050. The Growth In The Urban Population, Coupled With The Rise In Disposable Incomes And Affordability Among Residents Of Cities, Will Drive The Demand For Household Laundry Equipment
Manufacturers Embrace Energy Efficiency To Reduce Carbon Footprint In Household Laundry Equipment
Household laundry equipment manufacturers are increasingly producing energy-efficient products to reduce carbon footprints and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy-efficient appliances are designed to utilize the minimum amount of energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, Energy Star-certified washing machines use 25% less energy and 33% less water than a standard washing machine.
The household laundry equipment market covered in this report is segmented -
1) By Type: Washing Machines, Ironers, Dryers, Others - Household Laundry Equipment
2) By Technology: Automatic, Semi-Automatic/ Manual, Other Technologies
3) By Distribution Channel: Direct Selling, Retail, E-commerce, Other Distribution Channels
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Major companies operating in the household laundry equipment market include LG Electronics, Whirlpool Corporation, Haier Corporation, Electrolux AB, Panasonic Corporation, BSH Home Appliances Group, Miele, Siemens AG, Toshiba Corporation, General Electric Company, Hisense Co. Ltd., Hitachi Ltd, Koninklijke Philips, Hamilton Beach, Groupe SEB, Joy Mangano, Kenmore, HAAN, Conair, Fridja, CUORI ELECTRICAL APPLIANCES, Jiffy Steamer, Sears, Asko, Smeg, Flyco, Samsung, Electrolux, Robert Bosch, Fisher & Paykel, Maytag, Amana, Speed Queen, Indesit Company, Candy Group, Ariston Thermo Group, Beko, Gorenje, Hisense, Sharp Corporation, Vestel, Dexter Laundry, Girbau, Schulthess Maschinen AG, Alliance Laundry Holdings LLC
Contents of the report:
1. Executive Summary
2. Household Laundry Equipment Market Report Structure
3. Household Laundry Equipment Market Trends And Strategies
4. Household Laundry Equipment Market - Macro Economic Scenario
5. Household Laundry Equipment Market Size And Growth
…..
27. Household Laundry Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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