For example, in the USA, ENERGY STAR certified washing machines use 25% less energy and 33% less water than a standard washing machine. Major players in the market are Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Miele, Haier Group Corporation, Electrolux AB, GE Appliances, AEG, Tecnik, IFB.
The global washing machine market size was USD 51.98 billion in 2018 and is projected to reach USD 80.87 billion by 2026, exhibiting a CAGR of 5.8% during the forecast period. We are in process of revamping Washing Machine Market with respect to COVID-19 Impact.
Global Washing Machine Market By Product (Fully Automatic, Semi-Automatic, Dryers), Technology (Smart Connected, Conventional), Capacity (Less than 6KG, 6.1-8KG, Above 8KG), End-Use (Commercial, Residential), Application (Healthcare, Hospitality, Others), Sales Channel (E-Commerce, Retail Chains, Direct Sales), Geography (North America, Europe, Asia-Pacific, South America, Middle East and .
Global Residential Washing Machine Market was valued at $36,648 million in 2016, and is projected to reach at $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. Residential washing machines are widely used home appliances for washing laundry, as they save time and energy.
Washer & Dryer Manufacturing in the US industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry.
The global residential washing machine market is expected to post a CAGR of close to 6% during the period 2019-2023, according to Technavio.
An increase in disposable income and improvements in rural electrification drive the residential washing machine industry. In addition, the rising affordability of washing machines and increased urbanization fueled the demand for washing machines.However, the availability of laundry shops and growth in online laundry services hamper the growth.
Global Washing Machine Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at CAGR of 3% during forecast period of 2019 to 2026.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
The report forecast global Washing Machine market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2025 due to coronavirus situation. The report offers detailed coverage of Washing Machine industry and main market trends with impact of coronavirus.
Industry Insights. The global residential washing machine market size was valued at USD 14.9 billion in 2018. Significant rise in awareness regarding household luxury is expected to be the key factor driving the growth.
United States: Revenue in the Washing Machines segment amounts to US$4,307m in 2021. The market is expected to grow annually by 1.93% (CAGR 2021-2025). Washing Machines includes all washers and .
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the commercial washing machine market and it is poised to grow by USD 400.47 million during 2020-2024, progressing at a CAGR of almost 5% .