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Smart Washing Machine Market Size, Share & Trends Analysis Report By Product (Front Load, Top Load), By Application (Residential, Commercial), By Capacity, By Region, And Segment Forecasts, 2020 - 2027

May 2020 | 80 pages | ID: S62BCC91DDCEEN
Grand View Research, Inc.

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Smart Washing Machine Market Growth & Trends

The global smart washing machine market size is expected to reach USD 21.82 billion by 2027, expanding at a CAGR of 20.5% during the forecast period, according to a new report by Grand View Research, Inc. Rising shift towards the adoption of water-efficient washers in order to maintain a healthy environment is anticipated to drive the market. Rise in luxury living owing to rapid urbanization as well as increasing disposable income among buyers has also resulted in an increase in the penetration of the product in the residential as well as commercial sectors.

Smart washing machines offer added advantages through technology integration, such as remote control using an app, automatic program selection, auto-dosing, troubleshooting, memory feature, safety, and energy use. Moreover, these appliances help download cycles and tailor them to customer’s specific needs through features of cycle customization.

Technological advancement in the smart homes category is leading to higher demand for connected appliances, such as smart washers, as a source of luxury and convenience. Additionally, automatic washing process acts as an essential part of everyday housekeeping activity among Europeans, thereby increasing adoption of these appliances in the residential sector. Smart washers with Energy Star ratings can save a lot of water as compared to conventional washing machines. For instance, Samsung’s 6.0 cu. ft. FlexWash™ Washer in Black Stainless Steel model of product with an Energy Star rating and Wi-Fi connectivity uses 4,278 gallons of water per year. Whereas, conventional washing machines wash approximately 300 loads of clothes a year and consume about 12,000 gallons of water in a year.

Front load smart washer held a share of 54.6% in 2019 owing to the water and energy efficiency of the product as well as large loading capacity. Despite higher prices, the product is witness growing demand. For instance, in January 2020, SAMSUNG launched a new AI-powered front load washing machine and dryer.

The residential application segment is expected to expand at the highest CAGR from 2020 to 2027 owing to greater visibility and new product development. Installation of smart washing machines in residential areas helps in tracking and controlling the wash to avoid unnecessary wash cycles and water usage, thereby incurring higher demand among residential consumers.

Asia Pacific held the largest share in 2019 and is expected to expand at the fastest CAGR of 20.8% from 2020 to 2027. Rising introduction of new products in the market are paving the way for increased adoption of these appliances in the region. For instance, in December 2018, Xiaomi Global Community launched a fully automatic smart washing machine in China with a load capacity of 10 kg. The product is equipped with the latest BLDC variable frequency motor and is priced at around USD 290.

Smart Washing Machine Market Report Highlights
  • Asia Pacific held the largest share of the overall revenue in 2019
  • By product, the front load segment is expected to expand at the fastest CAGR over the forecast period due to rise in demand from the residential sector
  • The commercial application segment is projected to expand at a CAGR of 23.2% from 2020 to 2027
  • The smart washing machine market is characterized by high competition due to the presence of key players, including Honeywell International Inc.; Koninklijke Philips N.V.; Sunbeam Products, Inc.; Xiaomi Corporation; Blueair; Coway Co., Ltd..; Whirlpool; Americair Corporation; and Sharp Corporation
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. SMART WASHING MACHINE MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Sales/Retail Channel Analysis
  3.3.2. Profit Margin Analysis
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Industry Challenges
  3.4.4. Industry Opportunities
3.5. Business Environment Analysis
  3.5.1. Industry Analysis – Porter’s
    3.5.1.1. Supplier Power
    3.5.1.2. Buyer Power
    3.5.1.3. Substitution Threat
    3.5.1.4. Threat from New Entrant
    3.5.1.5. Competitive Rivalry
3.6. Roadmap of Smart Washing Machine Market
3.7. Market Entry Strategies

CHAPTER 4. CONSUMER BEHAVIOUR ANALYSIS

4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations

CHAPTER 5. SMART WASHING MACHINE MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1. Product Movement Analysis & Market Share, 2019 & 2027
5.2. Front Load
  5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Top Load
  5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)

CHAPTER 6. SMART WASHING MACHINE MARKET: CAPACITY ESTIMATES & TREND ANALYSIS

6.1. Capacity Movement Analysis & Market Share, 2019 & 2027
6.2. Less than 6 kg
  6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3. 6-10 kg
  6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4. More than 10 kg
  6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)

CHAPTER 7. SMART WASHING MACHINE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

7.1. Application Movement Analysis & Market Share, 2019 & 2027
7.2. Residential
  7.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3. Commercial
  7.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)

CHAPTER 8. SMART WASHING MACHINE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

8.1. Regional Movement Analysis & Market Share, 2019 & 2027
8.2. North America
  8.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  8.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
  8.2.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
  8.2.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  8.2.5. U.S.
    8.2.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    8.2.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
    8.2.5.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
    8.2.5.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
8.3. Europe
  8.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  8.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
  8.3.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
  8.3.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  8.3.5. Germany
    8.3.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    8.3.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
    8.3.5.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
    8.3.5.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  8.3.6. U.K.
    8.3.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    8.3.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
    8.3.6.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
    8.3.6.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
8.4. Asia Pacific
  8.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  8.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
  8.4.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
  8.4.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  8.4.5. China
    8.4.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    8.4.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
    8.4.5.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
    8.4.5.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  8.4.6. India
    8.4.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    8.4.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
    8.4.6.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
    8.4.6.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
8.5. Central & South America
  8.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  8.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
  8.5.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
  8.5.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
  8.5.5. Brazil
    8.5.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
    8.5.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
    8.5.5.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
    8.5.5.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)
8.6. Middle East & Africa
  8.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
  8.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
  8.6.3. Market estimates and forecast, by capacity, 2016 - 2027 (USD Million)
  8.6.4. Market estimates and forecast, by application, 2016 - 2027 (USD Million)

CHAPTER 9. COMPETITIVE ANALYSIS

9.1. Key global players, recent developments & their impact on the industry
9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
9.3. Vendor Landscape
  9.3.1. Key company market share analysis, 2019

CHAPTER 10. COMPANY PROFILES

10.1. Honeywell International Inc.
  10.1.1. Company Overview
  10.1.2. Financial Performance
  10.1.3. Product Benchmarking
  10.1.4. Strategic Initiatives
10.2. Koninklijke Philips N.V.
  10.2.1. Company Overview
  10.2.2. Financial Performance
  10.2.3. Product Benchmarking
  10.2.4. Strategic Initiatives
10.3. Sunbeam Products, Inc.
  10.3.1. Company Overview
  10.3.2. Financial Performance
  10.3.3. Product Benchmarking
  10.3.4. Strategic Initiatives
10.4. Xiaomi Corporation
  10.4.1. Company Overview
  10.4.2. Financial Performance
  10.4.3. Product Benchmarking
  10.4.4. Strategic Initiatives
10.5. Blueair
  10.5.1. Company Overview
  10.5.2. Financial Performance
  10.5.3. Product Benchmarking
  10.5.4. Strategic Initiatives
10.6. Blueair, COWAYCO.,LTD
  10.6.1. Company Overview
  10.6.2. Financial Performance
  10.6.3. Product Benchmarking
  10.6.4. Strategic Initiatives
10.7. Whirlpool
  10.7.1. Company Overview
  10.7.2. Financial Performance
  10.7.3. Product Benchmarking
  10.7.4. Strategic Initiatives
10.8. Americair Corporation
  10.8.1. Company Overview
  10.8.2. Financial Performance
  10.8.3. Product Benchmarking
  10.8.4. Strategic Initiatives
10.9. Sharp Corporation
  10.9.1. Company Overview
  10.9.2. Financial Performance
  10.9.3. Product Benchmarking
  10.9.4. Strategic Initiatives
10.10. Dyson
  10.10.1. Company Overview
  10.10.2. Financial Performance
  10.10.3. Product Benchmarking
  10.10.4. Strategic Initiatives

LIST OF TABLES

1. Smart Washing Machine - Key market driver analysis
2. Smart Washing Machine - Key market restraint analysis
3. Global front load market estimates and forecast, 2016 - 2027 (USD Million)
4. Global top load market estimates and forecast, 2016 - 2027 (USD Million)
5. Global smart washing machine market estimates and forecast, for less than 6kg, 2016 - 2027 (USD Million)
6. Global smart washing machine market estimates and forecast, for 6kg - 10kg, 2016 - 2027 (USD Million)
7. Global smart washing machine market estimates and forecast, for more than 10kg, 2016 - 2027 (USD Million)
8. Global smart washing machine market estimates and forecast for residential, 2016 - 2027 (USD Million)
9. Global smart washing machine market estimates and forecast for commercial, 2016 - 2027 (USD Million)
10. North America smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
11. North America smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
12. North America smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
13. North America smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
14. U.S. smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
15. U.S. smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
16. U.S. smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
17. U.S. smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
18. Europe smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
19. Europe smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
20. Europe smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
21. Europe smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
22. Germany smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
23. Germany smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
24. Germany smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
25. Germany smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
26. U.K. smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
27. U.K. smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
28. U.K. smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
29. U.K. smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
30. Asia Pacific smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
31. Asia Pacific smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
32. Asia Pacific smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
33. Asia Pacific smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
34. China smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
35. China smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
36. China smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
37. China smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
38. India smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
39. India smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
40. India smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
41. India smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
42. Central & South America smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
43. Central & South America smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
44. Central & South America smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
45. Central & South America smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
46. Brazil smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
47. Brazil smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
48. Brazil smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
49. Brazil smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
50. Middle East & Africa smart washing machine market estimates and forecast, 2016 - 2027 (USD Million)
51. Middle East & Africa smart washing machine market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
52. Middle East & Africa smart washing machine market revenue estimates and forecast by capacity, 2016 - 2027 (USD Million)
53. Middle East & Africa smart washing machine market revenue estimates and forecast by application, 2016 - 2027 (USD Million)
54. Vendor landscape
LIST OF FIGURES

1. Smart Washing Machine market snapshot
2. Smart Washing Machine market segmentation & scope
3. Smart Washing Machine market penetration & growth prospect mapping
4. Smart Washing Machine value chain analysis
5. Smart Washing Machine market dynamics
6. Smart Washing Machine market: Porter's analysis
7. Smart Washing Machine market: Product movement analysis
8. Smart Washing Machine market: Capacity movement analysis
9. Smart Washing Machine market: Application movement analysis
10. Smart Washing Machine market: Regional movement analysis


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