The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rapid Urbanization are expected to drive innovation in household laundry equipment manufacturing, thus driving the market during the forecast period.

The global household laundry equipment market is expected to grow from $95.91 billion in 2022 to $103.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The global household laundry equipment market size is expected to grow to $132.28 billion in 2027 at a CAGR of 6.4%.

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Global Household Laundry Equipment Market Segments Include:

• By Type: Washing Machines, Ironers, Dryers, Others – Household Laundry Equipment
• By Technology: Automatic, Semi-Automatic/ Manual, Other Technologies
• By Distribution Channel: Direct Selling, Retail, E-commerce, Other Distribution Channels
• 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 is the largest region in the global household laundry equipment market in 2021.

Major Market Players in the household laundry equipment market include LG Electronics, Whirlpool Corporation, Haier Corporation, Electrolux AB, Panasonic Corporation, BSH Home Appliances Group, Haier Group Corporation.

Household laundry equipment 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. For example, in the USA, ENERGY STAR-certified washing machines use 25% less energy and 33% less water than a standard washing machine.

The Household Laundry Equipment Global Market Report 2023  provides a household laundry equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The household laundry equipment market forecast analyzes household laundry equipment market size, household laundry equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Household laundry equipment is defined as a device that helps in washing clothes or other textiles without the user exerting much physical effort.

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