Washing Machine Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

Author: Elena Anderson

Marketing Manager

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Global Washing Machine Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Washing Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 023-2028

," the global washing machine market size reached US$ 51.9 Billion in 2022.

A washing machine is an electronic appliance that operates by spinning fabrics at high speed and generating centrifugal force to remove dirt with water from fibers. It is primarily used to wash clothes, rinse off of dirt, remove bad odor and ultimately dry the clothes. The components of the washing machine, such as tub, tub guards, balance rings and pumps, are manufactured using sheet steel and plastic with zinc or porcelain coatings for corrosion resistance and longer operational life.

Washing machines are commonly available in fully automatic variants with pre-programmed wash, dry and rinse functions or semi-automatic with twin-tub system for washing and drying separately. Some of the advantages of washing machines include time efficiency, space savings, enhanced convenience and better cleanliness.

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Global Washing Machine Market Trends:

The global market is majorly driven by the increasing working population with hectic schedules. This can be attributed to rapid urbanization and the shifting lifestyle patterns of the masses. Also, the growing popularity of online and offline on-demand laundry and dry-cleaning services is providing an impetus to the market. Moreover, the rising consumption of apparel and fashion garments across the globe, particularly in emerging economies, is creating lucrative growth opportunities in the market. Additionally, the integration of the Internet of Things (IoT), artificial intelligence (AI) and smartphone applications for facilitating automated washing machine functions are fueling the market growth.

Besides this, the rising environmental concerns leading to the development of energy-efficient product variants with lower carbon footprint and enhanced wash and dry features are impacting the market positively. Furthermore, the implementation of innovative marketing strategies as well as mergers and acquisitions (M&As), partnerships and collaborations among key players to enhance their geographical presence are propelling the market. Some of the other factors contributing to the market include considerable growth in the electronics industry, growing infrastructure development activities, emergence of smart homes, inflating disposable income levels and extensive research and development (R&D) activities.

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Looking forward, IMARC Group expects the market is anticipated to reach a value of US$ 68.3 Billion by 2028, exhibiting at a CAGR of 4.5% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/washing-machine-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product:

• Fully Automatic

o Front Load

o Top Load

• Semi-Automatic

• Dryers

Breakup by Technology:

• Smart Connected

• Conventional

Breakup by Capacity:

• Below 6 kg

• 6.1 to 8 kg

• Above 8 kg

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Breakup by Application:

• Healthcare

• Hospitality

• Others

Breakup by End Use:

• Commercial

• Residential

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• AB Electrolux

• Alliance Laundry Systems LLC

• Godrej Group

• Haier Group Corporation

• IFB Industries Limited

• LG Electronics Inc

• MIRC Electronics Limited

• Panasonic Corporation

• Robert Bosch GmbH

• Samsung Electronics Co. Ltd

• Toshiba Corporation

• Whirlpool Corporation

1. How has the global washing machine market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global washing machine market?

3. What are the key regional markets?

4. What is the breakup of the market based on the product?

5. What is the breakup of the market based on the technology?

6. What is the breakup of the market based on the capacity?

7. What is the breakup of the market based on the application?

8. What is the breakup of the market based on the end use?

9. What are the various stages in the value chain of the industry?

10. What are the key driving factors and challenges in the industry?

11. What is the structure of the global washing machine market and who are the key players?

12. What is the degree of competition in the industry?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/washing-machine-market/toc

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