Residential Washing Machine Market Latest Trends, Demand and Advancement 2017 to 2023 | Key Players include Samsung Group, LG Electronics Inc., Siemens AG, Haier Group Corporation

Overview of Residential Washing Machine Market

According to a new report titled, Residential Washing Machine Market by Product and Machine Capacity: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global residential washing machine market was valued at $36,648 million in 2016, and is projected to reach $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. The fully automatic residential washing machine accounted for more than 58% of the global market in 2016.

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The major factors that drive the global residential washing machine industry include increase in number of working women, thereby contributing to higher disposable income coupled with insufficient time for laundry, and rapid urbanization. In addition, decrease in selling price of the residential washing machine is expected to fuel the demand. However, laundry shops that provide better laundry service compared to washing machine and increase in online laundry services limit the market growth. Technological progress in washing machine technology and innovation has led to better washing machine which saves energy and water consumption, thereby presenting a major opportunity for growth of global residential washing machine market size.

The Major players reported in the market include:

Major players analyzed in this report are Samsung Group (South Korea), LG Electronics Inc. (South Korea), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (U.S.), Robert Bosch GmbH (Germany), Miele and Cie. KG (Germany), Panasonic Corporation (Japan), and GE Appliances (U.S.).

KEY BENEFITS

The study provides an in-depth analysis of the Residential Washing Machine market along with current and future trends to elucidate the imminent investment pockets.

The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.

Porter’s Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.

The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.

The quantitative analysis of the market during the period of 2017-2023 is provided to elaborate the market potential.

KEY MARKET SEGMENTS:

By Product

Fully Automatic

Semi-automatic

Dryer

By Machine Capacity

Below 6 Kg

Between 6 and 8 Kg

8 Kg & Above

BY GEOGRAPHY

North America

Europe

Asia Pacific

Central & South America

Middle East and Africa

TABLE OF CONTENTS

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 WORLD RESIDENTIAL WASHING MACHINE MARKET, BY END USER

CHAPTER 5 WORLD RESIDENTIAL WASHING MACHINE MARKET, BY APPLICATION

CHAPTER 6 WORLD RESIDENTIAL WASHING MACHINE MARKET, BY GEOGRAPHY

CHAPTER 7 COMPANY PROFILES

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Posted by on Friday October 11 2019, 1:47 PM EST. All trademarks acknowledged. Filed under Business Services, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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