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Washing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 147 pages | ID: WED28CCF11A5EN
IMARC Group

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The global washing machine market size reached US$ 51.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

A washing machine is an electronic appliance used for laundry of clothes and fabrics. It operates by spinning the fabrics at high speed and generating centrifugal force to remove dirt with water from the fibers. It is commonly available in fully automatic, semi-automatic and top- and front-load variants. The fully automatic machines have pre-programmed functions and can wash, dry and rinse the clothes automatically. The semi-automatic variants usually have a twin-tub system for washing and drying the fabrics separately. The components of the washing machine, such as tub, tub guards, balance rings and pumps, are manufactured using sheet steel and plastic with zinc or porcelain coatings for corrosion resistance and longer operational life.

Washing Machine Market Trends:
The global washing machine market is primarily being driven by the widespread adoption of online laundry services among the masses. With the changing lifestyle patterns and increasingly hectic schedules of the working population, there is a shifting consumer preference towards on-demand laundry and dry-cleaning services that offer doorstep pick-up and delivery facilities for enhanced convenience for the consumer. Moreover, the widespread adoption of fully automatic washing machines across both residential and commercial sectors is providing a thrust to the market growth. These machines aid in reducing the manual labor and are highly convenient to use and space-saving. Additionally, various technological advancements, such as the integration of smartphone applications with the Internet of Things (IoT) and artificial intelligence (AI) solutions for real-time alerts and remote access of the machine, are acting as other growth-inducing factors. Product manufacturers are also developing energy-efficient variants with minimal carbon footprint and maintenance requirements. Other factors, including significant growth in the fashion and apparel industries, especially in the developing economies, along with the increasing expenditure capacities of the consumers, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global washing machine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, technology, capacity, application and end use.

Breakup by Product:

Fully Automatic
Front Load
Top Load
Semi-Automatic
Dryers

Breakup by Technology:

Smart Connected
Conventional

Breakup by Capacity:

Below 6 kg
6.1 to 8 kg
Above 8 kg

Breakup by Application:

Healthcare
Hospitality
Others

Breakup by End Use:

Commercial
Residential

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Electrolux, Alliance Laundry Systems LLC, Godrej Group, Haier Group Corporation, IFB Industries Limited, LG Electronics Inc., MIRC Electronics Limited, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Toshiba Corporation and Whirlpool Corporation.

Key Questions Answered in This Report:
How has the global washing machine market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global washing machine market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the capacity?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global washing machine market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL WASHING MACHINE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Fully Automatic
  6.1.1 Market Trends
  6.1.2 Key Segments
    6.1.2.1 Front Load
    6.1.2.2 Top Load
  6.1.3 Market Forecast
6.2 Semi-Automatic
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Dryers
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Smart Connected
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Conventional
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY CAPACITY

8.1 Below 6 kg
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 6.1 to 8 kg
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Above 8 kg
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Healthcare
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Hospitality
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Others
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY END USE

10.1 Commercial
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Residential
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 AB Electrolux
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Alliance Laundry Systems LLC
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Godrej Group
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
  16.3.4 Haier Group Corporation
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
  16.3.5 IFB Industries Limited
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
  16.3.6 LG Electronics Inc.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 MIRC Electronics Limited
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
  16.3.8 Panasonic Corporation
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 Robert Bosch GmbH
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
  16.3.10 Samsung Electronics Co. Ltd.
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
    16.3.10.4 SWOT Analysis
  16.3.11 Toshiba Corporation
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis
  16.3.12 Whirlpool Corporation
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
    16.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Washing Machine Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Washing Machine Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Washing Machine Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Washing Machine Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
Table 5: Global: Washing Machine Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Washing Machine Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 7: Global: Washing Machine Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Washing Machine Market: Competitive Structure
Table 9: Global: Washing Machine Market: Key Players

LIST OF FIGURES

Figure 1: Global: Washing Machine Market: Major Drivers and Challenges
Figure 2: Global: Washing Machine Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Washing Machine Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Washing Machine Market: Breakup by Product (in %), 2022
Figure 5: Global: Washing Machine Market: Breakup by Technology (in %), 2022
Figure 6: Global: Washing Machine Market: Breakup by Capacity (in %), 2022
Figure 7: Global: Washing Machine Market: Breakup by Application (in %), 2022
Figure 8: Global: Washing Machine Market: Breakup by End Use (in %), 2022
Figure 9: Global: Washing Machine Market: Breakup by Region (in %), 2022
Figure 10: Global: Washing Machine (Fully Automatic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Washing Machine (Fully Automatic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Washing Machine (Semi-Automatic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Washing Machine (Semi-Automatic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Washing Machine (Dryers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Washing Machine (Dryers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Washing Machine (Smart Connected) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Washing Machine (Smart Connected) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Washing Machine (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Washing Machine (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Washing Machine (Below 6 kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Washing Machine (Below 6 kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Washing Machine (6.1 to 8 kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Washing Machine (6.1 to 8 kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Washing Machine (Above 8 kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Washing Machine (Above 8 kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Washing Machine (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Washing Machine (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Washing Machine (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Washing Machine (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Washing Machine (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Washing Machine (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Washing Machine (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Washing Machine (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Washing Machine (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Washing Machine (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: United States: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Canada: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Canada: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia-Pacific: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia-Pacific: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: China: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Japan: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Japan: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: India: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: India: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South Korea: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South Korea: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Australia: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Australia: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Indonesia: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Indonesia: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Europe: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Germany: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Italy: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Italy: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Spain: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Spain: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Russia: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Russia: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Latin America: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Latin America: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Brazil: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Mexico: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Mexico: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Middle East and Africa: Washing Machine Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Middle East and Africa: Washing Machine Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Washing Machine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Global: Washing Machine Industry: SWOT Analysis
Figure 86: Global: Washing Machine Industry: Value Chain Analysis
Figure 87: Global: Washing Machine Industry: Porter's Five Forces Analysis


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