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Residential Washing Machine Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

Residential Washing Machine Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • January 2018
  • 140 pages
  • ID: 5308272

Summary

Table of Contents

Residential Washing Machine Market by Product (Fully Automatic, Semi-automatic, and Dryer) and Machine Capacity (Below 6 Kg, Between 6 and 8 Kg, and 8 Kg & Above) - Global Opportunity Analysis and Industry Forecast, 2017-2023

Residential washing machine is a household appliance used to wash laundry. The components of a washing machine include a motor connected to the barrel through a transmission belt that contains the agitator.

The spinning of the agitator creates centrifugal force, which helps in the removal of water from the laundry along with dirt. A washing machine is an essential household appliance, as it provides an easy and convenient laundering option. Increase in government initiatives toward rural household development in many developing countries in Asia-Pacific is expected to increase the demand for residential washing machines.

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.

Global residential washing machine market is segmented on the basis of product, machine capacity, and geography. By product, it is categorized into fully automatic, semi-automatic, and dryer.

Based on machine capacity, it is divided into below 6 kg, between 6 and 8 kg, and 8 kg & above. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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 FOR STAKEHOLDERS
The study provides an in-depth analysis of the residential washing machine market, with current trends and future estimations to elucidate the investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis of different segments facilitates to understand various products of the market.
Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.

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
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Chile
Middle East
Africa
Rest of LAMEA

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