Global Washing Machines Market Overview And Prospects
Learn about the global washing machine market through The Business Research Company, which provides information on washing machine market size, washing machine market drivers and restraints, washing machine market players, the COVID-19 impact on the washing machine market, and more.
The global washing machines market size s expected to grow from $73.31 billion in 2021 to $77.63 billion in 2022 at a compound annual growth rate (CAGR) of 5.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The washing machine market is expected to reach $98.71 billion in 2026 at a CAGR of 6.2%.
Rapid urbanization is expected to contribute to the growth of the washing machine market in the forecast period.
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The washing machine market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of washing machines. The market consists of sales of washing machines. A washing machine is an appliance used to wash various types of clothes without applying any physical efforts.
Global Washing Machine Market Segments Include:
By Type: Fully Automatic, Semi-Automatic, Others
By Product: Automatic, Semi-Automatic, Dryers
By Sales Channel: E-Commerce, Retail Chains, Direct Sales
By Technology: Top Load, Front Load
By Application: Residential, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the washing machine market in 2021.
Washing machine manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances.
TBRC’s washing machine market report covers:
Major Market Players: Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Miele, Haier Group Corporation, Electrolux AB, GE Appliances, AEG, Tecnik, and IFB.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Washing Machines Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides washing machine market overviews, analyzes and forecasts market size, share, washing machine market players, washing machine market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s washing machine market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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