Press release
Strong Growth Ahead: Household Laundry Equipment Market Size To Grow At Arecord 4.9% Cagr By 2029
Household Laundry Equipment
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How Big Is the Household Laundry Equipment Market Size Expected to Be by 2034?_x000D_
The household laundry equipment market has seen significant growth, increasing from $110.52 billion in 2024 to $117.47 billion in 2025 at a CAGR of 6.3%, driven by electrification of households, changing consumer habits, urbanization and smaller living spaces, growth in nuclear families, and greater energy conservation awareness._x000D_
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The household laundry equipment market is expected to see steady growth in the next few years. It will grow to $142.08 billion by 2029 at a compound annual growth rate (CAGR) of 4.9%. This growth is attributed to the rise of smart and connected appliances, energy efficiency, health and hygiene trends, urbanization, and the trend toward laundry automation. Key trends include front-load washing machines, washer-dryer combos, smart laundry apps, faster and more efficient cycles, and sanitization features._x000D_
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What Are the Emerging Segments Within the Household Laundry Equipment Market?_x000D_
The household laundry equipment market covered in this report is segmented -_x000D_
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1) By Type: Washing Machines, Ironers, Dryers, Others - Household Laundry Equipment_x000D_
2) By Technology: Automatic, Semi-Automatic/ Manual, Other Technologies_x000D_
3) By Distribution Channel: Direct Selling, Retail, E-commerce, Other Distribution Channels_x000D_
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Subsegments:_x000D_
1) By Washing Machines: Front-Load Washers, Top-Load Washers, Washer-Dryer Combos_x000D_
2) By Ironers: Roller Ironers, Flatbed Ironers_x000D_
3) By Dryers: Vented Dryers, Condenser Dryers, Heat Pump Dryers_x000D_
4) By Others- Household Laundry Equipment: Steamers, Laundry Tubs, Fabric Softeners_x000D_
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What Long-Term Drivers Are Shaping Household Laundry Equipment Market Trends?_x000D_
Rapid urbanization is expected to drive the growth of household laundry equipment. According to the World Economic Forum in April 2022, more than 4.3 billion people, or 55% of the global population, live in urban areas, and this figure is expected to increase to 80% by 2050. The expanding urban population, along with higher disposable incomes and improved affordability, will drive the demand for household laundry equipment._x000D_
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Who Are the Top Competitors in Key Household Laundry Equipment Market Segments?_x000D_
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_x000D_
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What Household Laundry Equipment Market Trends Are Gaining Traction Across Different Segments?_x000D_
Household laundry equipment manufacturers are producing energy-efficient models to meet regulatory standards and reduce environmental impact. These machines are engineered to complete tasks using minimal energy. Currently, over 80 countries have implemented efficiency standards. In the USA, Energy Star-certified washing machines use 25% less energy and 33% less water than conventional models._x000D_
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Which Regions Are Becoming Hubs for Household Laundry Equipment Market Innovation?_x000D_
Asia-Pacific was the largest region in the household laundry equipment market in 2023. Western Europe was the second-largest region in the household laundry equipment market. The regions covered in the household laundry equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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Frequently Asked Questions:_x000D_
1. What Is the Market Size and Growth Rate of the Household Laundry Equipment Market?_x000D_
2. What is the CAGR expected in the Household Laundry Equipment Market?_x000D_
3. What Are the Key Innovations Transforming the Household Laundry Equipment Industry?_x000D_
4. Which Region Is Leading the Household Laundry Equipment Market?
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