Press release
Washing Equipment Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Washing Equipment
What Is the Expected Washing Equipment Market Size During the Forecast Period?
The washing equipment market will grow from $9.24 billion in 2024 to $9.64 billion in 2025, at a CAGR of 4.3%. The growth is linked to increasing urbanization and demand for washing appliances, rising electricity consumption, growing urbanization, and higher disposable incomes worldwide.
The washing equipment market is set to see steady growth, reaching $11.25 billion by 2029 with a CAGR of 3.9%. Growth is driven by a preference for automating household tasks, in-store displays and demonstrations, and the growing fashion and apparel industries. Trends include smart washing machines, energy efficiency, water conservation, and high-capacity machines.
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What Are the High-Growth Segments in the Washing Equipment Market?
The washing equipment market covered in this report is segmented -
1) By Product Type: Washer, Dryer, Dry Cleaning Equipment
2) By Sales Channel: E-Commerce, Retail Chains, Direct Sales
3) By End-Use: Hotel, Hospital, Laundromat, Other End-Uses
Subsegments:
1) By Washer: Front-Load Washers, Top-Load Washers, Commercial Washers, Washer-Dryer Combos
2) By Dryer: Tumble Dryers, Vented Dryers, Condenser Dryers, Heat Pump Dryers
3) By Dry Cleaning Equipment: Dry Cleaning Machines, Steam Presses, Spotting Machines, Stain Removal Equipment
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What Key Drivers Are Expected to Influence Future Washing Equipment Market Growth?
The expansion of the apparel and fashion industries is expected to stimulate the growth of the washing equipment market. The apparel and fashion sectors are growing due to higher consumer demand for diverse and sustainable clothing, driven by globalization and technological progress. Washing equipment is essential for fabric pre-washing, garment finishing, and ensuring cleanliness and quality in textiles before they reach consumers. For example, the Federal Reserve Bank of St. Louis reported a 3.36% increase in personal consumption expenditures on clothing and footwear between 2022 and 2023. Therefore, the growth of the apparel and fashion industries is driving the washing equipment market.
Which Companies Hold the Largest Share Across Different Washing Equipment Market Segments?
Major companies operating in the washing equipment market are Samsung Electronics Co. Ltd, Robert Bosch GmbH, Siemens AG, LG Corporation, Panasonic Holdings Corporation, Haier Inc., Whirlpool Corporation, Sharp Corporation, Electrolux AB, Miele Inc., Indesit Company, The Maytag Corporation, Ariston Holding NV, Alliance Laundry Systems, The Hoover Company, Fisher & Paykel Technologies, IFB Appliances, Voltas Beko, Dexter Laundry, Candy Inc., Daewoo Electronics, Asko, Kenmore
What Are the Major Trends Shaping the Washing Equipment Market?
Companies in the washing equipment market are creating innovative products, such as fully automatic front-load washing machines, to meet the growing demand for efficient and high-performance laundry solutions. A fully automatic front-load washing machine automates the entire laundry process, including water filling and drying. For example, Samsung Electronics Co. Ltd. launched a new series of 11 kg AI Ecobubble fully automatic front-load washing machines in March 2024. These machines offer enhanced energy efficiency, quicker wash times, and improved fabric care, utilizing AI Ecobubble technology to save up to 70% of energy compared to conventional machines and enhance fabric care by 45.5%.
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What Are the Emerging Geographies for The Washing Equipment Market Growth?
North America was the largest region in the washing equipment market in 2023. The regions covered in the washing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Washing Equipment Market?
2. What is the CAGR expected in the Washing Equipment Market?
3. What Are the Key Innovations Transforming the Washing Equipment Industry?
4. Which Region Is Leading the Washing Equipment Market?
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