Summary
Major players in the dishwasher’s market are Electrolux AB, LG Electronics, Whirlpool, Robert Bosch, AGA Rangemaster, Asko Appliances Dacor, Fagor America, Haier Group Corporation, Hoover Candy Group, and Miele, Dacor Inc.
The global dishwashers market will grow from $75.58 billion in 2022 to $82.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The dishwashers market is expected to grow to $113.78 billion in 2027 at a CAGR of 8.4%.
The dishwashers market consists of sales of portable dishwashers, built-in dishwashers, and drawer dishwashers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Dishwashers are household electric appliances used to clean utensils.
Asia Pacific was the largest region in the dishwashers market in 2022.Western Europe was the second-largest region in the dishwashers market.
The regions covered in the dishwasher market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main product types of dishwashers are freestanding and built-in.A freestanding dishwasher is designed to be a standalone unit that can be placed anywhere that the user has access to water and drainage.
They come standard with sides and a top, and they connect the same way under bench dishwashers do. The dishwashers are used for commercial and residential applications that are distributed through online stores and offline stores.
The increase in number of working populations are expected to increase the demand for dishwasher appliance market.The working population has busy lifestyles, thus have less time to take care of household activities such as cleaning and washing.
This arises the need for the convenient household appliances which save time and energy of households.Also due to COVID-19 lockdown, when domestic helps were not available, the demand for dishwashers has witnessed a sales surge in India.
The increase in demand is mostly due to lack of time among working professionals during the lockdown period.For instance, according to Bosch-Siemens CEO in India, there was an over booking of 20,000 dishwasher post COVID-19 lockdown period in 2020.
Therefore, increase in number of working populations coupled with COVID-19 norms for social distancing has spurred the demand for dishwashers during the period.
Stainless steel is a major raw material used in dishwashers manufacturing.As the cost of steel increases simultaneously the production cost of dishwasher also increases.
For instance, in late 2020’s, the Indian manufacturers of steel has increased the steel prices due to rising iron ore prices and strong demand for steel.In December 2020, the steel companies were charging around $34 to $37 (?2,500 to ?2,700) a ton of both flat and long products.
Therefore, the fluctuation in raw material prices is expected to restrain the dishwasher’s market during the forecast period.
The household appliance manufacturers are integrating their products with the IoT technology to make customers lives comfortable and convenient.Internet of Things technology is the interconnectivity of physical objects and devices that are integrated with sensors and software that allow them to exchange and collect data.
Major technologies enabling smart household appliances include Wi-Fi, Bluetooth Low Energy, micro server and micro-electromechanical systems. For instance, Bosch has created home connect, an app that enables the user to monitor their refrigerators, cookers, washing machines, dishwashers and other devices from anywhere through their smart phones.
The countries covered in the dishwasher market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The dishwashers market research report is one of a series of new reports that provides dishwashers market statistics, including dishwashers industry global market size, regional shares, competitors with a dishwashers market share, detailed dishwashers market segments, market trends and opportunities, and any further data you may need to thrive in the dishwashers industry. This dishwashers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
