Insights Into The Washing Machines Market’s Growth Opportunities Through 2023-2032 – Includes Washing Machines Market Growth
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 washing machines manufacturing, thus driving the market during the forecast period.
The global washing machines market is expected to grow from $66.43 billion in 2022 to $70.38 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The global washing machines market size is expected to grow to $84.54 billion in 2027 at a CAGR of 4.7%.
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Global Washing Machines Market Segments Include:
- By Type:Fully Automatic, Semi-Automatic, Other Types
- 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 is the largest region in the global washing machines market in 2021.
Major Market Players in the washing machines market include Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Miele, Haier Group Corporation, Electrolux AB, GE Appliances, AEG, Tecnik, and IFB.
Washing machine manufacturers are increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for 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 the minimum amount of 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 Washing Machines Global Market Report 2023 provides a washing machines market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The washing machines market forecast analyzes washing machines market size, washing machines 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.
A washing machine is an appliance used to wash clothes without any physical effort.
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