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

October 2023 | 142 pages | ID: R8143380F67AEN
IMARC Group

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Market Overview:

The global residential washing machine market size reached US$ 41.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.32% during 2023-2028.

Washing machines are home appliances widely used to wash the laundry with detergent. They comprise semi-automatic and fully automatic machines that assist in washing, rinsing, and drying without the need to supervise different operations. They save time and are easier to clean, operate, and repair compared to other electrical devices. Presently, they are available in multiple sizes and styles depending on the budget, lifestyle, and the size of the user’s house.

Residential Washing Machine Market Trends:

At present, the growing affordability of washing machines, along with the inflating income levels of individuals around the world, represents one of the key factors driving the market. Moreover, there is an increase in the demand for residential washing machines due to continuous improvements in rural electrification. This, coupled with various initiatives undertaken by the government of several countries to develop rural households, is contributing to the growth of the market. In addition, various benefits offered by residential washing machines, such as enhanced comfort level and convenience, are propelling the growth of the market. Besides this, key market players are extensively investing in research and development (R&D) activities to integrate technological advancements in washing machines and introduce product variants that are highly efficient in saving water and electricity. This is strengthening the growth of the market. Apart from this, the escalating demand for residential washing machines among the masses due to hectic lifestyles and less time for laundry is bolstering the growth of the market. Additionally, the wide availability of residential washing machines through online and offline distribution channels, in confluence with the burgeoning e-commerce sector, is offering lucrative growth opportunities to industry investors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global residential 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, machine capacity and distribution channel.

Breakup by Product:

Fully Automatic

Semiautomatic

Dryer

Breakup by Technology:

Top Load

Front Load

Breakup by Machine Capacity:

Below 6 Kg

6 to 8 Kg

8 Kg and Above

Breakup by Distribution Channel:

Supermarkets and Hypermarkets

Specialty Stores

Department Stores

E-Commerce

Others

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 Electrolux AB, Godrej Consumer Products Ltd., Haier Group Corporation, Hitachi Ltd., IFB Industries Limited, LG Electronics Inc., Midea Group, Miele, Panasonic Holdings Corporation, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Toshiba Corporation and Whirlpool Corporation.

Key Questions Answered in This Report

1. What was the size of the global residential washing machine market in 2022?

2. What is the expected growth rate of the global residential washing machine market during 2023-2028?

3. What are the key factors driving the global residential washing machine market?

4. What has been the impact of COVID-19 on the global residential washing machine market?

5. What is the breakup of the global residential washing machine market based on the product?

6. What is the breakup of the global residential washing machine market based on the technology?

7. What is the breakup of the global residential washing machine market based on the machine capacity?

8. What is the breakup of the global residential washing machine market based on the distribution channel?

9. What are the key regions in the global residential washing machine market?

10. Who are the key players/companies in the global residential washing machine market?
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 RESIDENTIAL 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 Market Forecast
6.2 Semiautomatic
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Dryer
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Top Load
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Front Load
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY MACHINE CAPACITY

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

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Supermarket and Hypermarket
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Specialty Store
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Department Store
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 E-Commerce
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Others
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Electrolux AB
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Godrej Consumer Products Ltd.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
  15.3.3 Haier Group Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Hitachi Ltd.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 IFB Industries Limited
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
  15.3.6 LG Electronics Inc.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Midea Group
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
  15.3.8 Miele
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Panasonic Holdings Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10 Robert Bosch GmbH
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 SWOT Analysis
  15.3.11 Samsung Electronics Co. Ltd.
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
  15.3.12 Toshiba Corporation
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
  15.3.13 Whirlpool Corporation
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
    15.3.13.4 SWOT Analysis

LIST OF TABLES

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

LIST OF FIGURES

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


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