Washing appliances are appliances that are used to wash laundry. They usually contain a barrel in which garments to be washed are placed. The barrel is then filled with hot or cold water, and detergent powder is added. The barrel then rotates at high speed, emulating the action of rinsing and washing clothes. Some washing appliances are also equipped with dryers to dry clothes after the washing operation.
MARKET DYNAMICS
The increasing number of women joining the workforce has left them with very little spare time to do daily chores such as washing and drying clothes. The growing participation of women in the workforce across the globe has driven the use of washing appliances to clean laundry. Moreover, rapid urbanization and hectic lifestyles lead by a number of young people living in cities, and metropolitan areas have made washing appliances an indispensable part of urban life. The availability of washing appliances on e-commerce portals at steep discounts, growing popularity of online shopping, and increasing disposable income have augmented the sales of washing appliances. The growing need to develop differentiated products compared to rival companies has led many manufacturers to focus on introducing innovative appliances and building brand loyalty among customers.
MARKET SCOPE
The "Global Washing Appliances Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the washing appliances market with detailed market segmentation by product type, sales channels, end user, and geography. The global washing appliances market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading washing appliances market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global washing appliances market is segmented on the basis of product type, sales channel, and end user. On the basis of product type, the washing appliances market is segmented into top load fully-automatic washing machine, top load semi-automatic washing machine, front load fully-automatic washing machine, dryers, and others. The washing appliances market on the basis of sales channel is classified into online and retail. Based on end user, the global washing appliances market is divided into residential and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global washing appliances market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The washing appliances market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the washing appliances market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the washing appliances market in these regions.
MARKET PLAYERS
The reports cover key developments in the washing appliances market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the washing appliances market are anticipated to lucrative growth opportunities in the future with the rising demand for washing appliances in the global market. Below mentioned is the list of few companies engaged in the washing appliances market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the washing appliances market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Alliance Laundry System LLC
- BSH Hausgerate
- Electrolux AB
- Haier Inc.
- IFB Industries Ltd.
- LG Electronics
- MIRC Electronics Ltd.
- Samsung Electronics Co. Ltd.
- Videocon Industries Ltd.
- Whirlpool Corporation
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.