Edit Content
Bizwit-Logo-Final

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Washing Machine Market to reach USD 83.47 billion by the end of 2030.

Global Washing Machine Market Size study & Forecast, by Product (Fully Automatic (Front Load & Top Load), Semi-automatic, Dryer), by Capacity (Below 6 Kg, 6.1- 8 Kg, above 8 Kg) and Regional Analysis, 2023-2030

Product Code: OIRHG-79917062
Publish Date: 4-08-2023
Page: 200

Global Washing Machine Market is valued approximately USD 56.32 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.98% over the forecast period 2023-2030. A washing machine is a home equipment used for washing clothes, linens, and other fabrics. It automates the washing process, which makes it more practical and effective than washing clothes by hand. Typically, washing machines contain a tub or drum that agitates the garments in a solution of water and detergent to remove dirt, stains, and odors from the fabric. They also have various settings and controls to adjust the water temperature, wash cycle duration, and spin speed. The Washing Machine market is expanding because of factors such as rising urbanization, rising development of smart homes across the globe.

Smart homes are becoming increasingly popular as consumers seek to automate and simplify their daily tasks. Washing machines, being an essential appliance in most households, have witnessed a transformation with the integration of smart technologies. According to Statista, in year 2020 there were around 224.05 million smart homes across the world which increased to 307.82 million smart homes in year 2022 and it is projected to reach at 672.57 million smart homes users across the globe. Thus rising development of smart homes is fostering the market growth. In addition, increased usage of IoT technologies in laundry appliances and growth in the rate of infrastructural development activities is creating a lucrative growth to the market However, the high cost of Washing Machine stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Washing Machine Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players and the region’s increasing technological advancement. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising residential construction, rising development of smart homes and, geographic expansion of key players.

Major market player included in this report are:
Whirlpool Corporation
Samsung Electronics Co., Ltd.
LG Electronics Inc.
Electrolux AB
Haier Smart Home Co., Ltd.
Godrej Industries Ltd.
IFB Industries Ltd.
Panasonic Corporation
Mirc Electronics Limited
Bsh Hausgeräte GmbH

Recent Developments in the Market:
Ø In February 2022, Sharp Business Systems (India) Pvt. Ltd. unveiled a new line of top-load washers outfitted with world-class Japanese technologies.
Ø In December 2022, The Xeros Technology Group joined together with Indian washing machine maker IFB Industries Ltd. to develop a premium range of domestic washing machines for Indian homes and railway systems. The items employ Xeros’ special care technology, which enhances the washer’s load performance.

Global Washing Machine Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Capacity, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Fully Automatic (Front Load & Top Load)
Semi-automatic
Dryer

By Capacity:
Below 6 Kg
6.1- 8 Kg
Above 8 Kg

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Washing Machine Market, by Region, 2020-2030 (USD Billion)
1.2.2. Washing Machine Market, by Product, 2020-2030 (USD Billion)
1.2.3. Washing Machine Market, by Capacity, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Washing Machine Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Washing Machine Market Dynamics
3.1. Washing Machine Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising Growth of Urbanization
3.1.1.2. Growing development of smart homes
3.1.2. Market Challenges
3.1.2.1. High Cost of Washing Machine
3.1.3. Market Opportunities
3.1.3.1. Increased usage of IoT technologies in laundry appliances
3.1.3.2. Growth in the rate of infrastructural development activities
Chapter 4. Global Washing Machine Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Washing Machine Market, by Product
5.1. Market Snapshot
5.2. Global Washing Machine Market by Product, Performance – Potential Analysis
5.3. Global Washing Machine Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Washing Machine Market, Sub Segment Analysis
5.4.1. Fully Automatic (Front Load & Top Load)
5.4.2. Semi-automatic
5.4.3. Dryer
Chapter 6. Global Washing Machine Market, by Capacity
6.1. Market Snapshot
6.2. Global Washing Machine Market by Capacity, Performance – Potential Analysis
6.3. Global Washing Machine Market Estimates & Forecasts by Capacity 2020-2030 (USD Billion)
6.4. Washing Machine Market, Sub Segment Analysis
6.4.1. Below 6 Kg
6.4.2. 6.1- 8 Kg
6.4.3. Above 8 Kg
Chapter 7. Global Washing Machine Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Washing Machine Market, Regional Market Snapshot
7.4. North America Washing Machine Market
7.4.1. U.S. Washing Machine Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. Capacity breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Washing Machine Market
7.5. Europe Washing Machine Market Snapshot
7.5.1. U.K. Washing Machine Market
7.5.2. Germany Washing Machine Market
7.5.3. France Washing Machine Market
7.5.4. Spain Washing Machine Market
7.5.5. Italy Washing Machine Market
7.5.6. Rest of Europe Washing Machine Market
7.6. Asia-Pacific Washing Machine Market Snapshot
7.6.1. China Washing Machine Market
7.6.2. India Washing Machine Market
7.6.3. Japan Washing Machine Market
7.6.4. Australia Washing Machine Market
7.6.5. South Korea Washing Machine Market
7.6.6. Rest of Asia Pacific Washing Machine Market
7.7. Latin America Washing Machine Market Snapshot
7.7.1. Brazil Washing Machine Market
7.7.2. Mexico Washing Machine Market
7.8. Middle East & Africa Washing Machine Market
7.8.1. Saudi Arabia Washing Machine Market
7.8.2. South Africa Washing Machine Market
7.8.3. Rest of Middle East & Africa Washing Machine Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Whirlpool Corporation
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Samsung Electronics Co., Ltd.
8.3.3. LG Electronics Inc.
8.3.4. Electrolux AB
8.3.5. Haier Smart Home Co., Ltd.
8.3.6. Godrej Industries Ltd.
8.3.7. IFB Industries Ltd.
8.3.8. Panasonic Corporation
8.3.9. Mirc Electronics Limited
8.3.10. Bsh Hausgeräte GmbH
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com

Checkout

Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now