Washing Machine Market Size To Reach USD 42.16 Billion By 2025: Grand View Research, Inc.

February 09 20:11 2017

Grand View Research, Inc. – Market Research And Consulting.
According to new report by Grand View Research, The global washing machine market size was estimated at USD 22.99 billion in 2015 and demand for washing large volume of load is providing traction to the growth of the washing machines having capacity of over 8 kg.

The global washing machine market is expected to reach USD 42.16 billion by 2025, according to a new report by Grand View Research, Inc. Increased needs for differentiated products and services have led to an upsurge in investments for R&D activities. Ongoing advancements, such as coin laundry, crowdsourced supply, and on-demand services, are drawing investors toward the laundromat and laundry industries seeking minimal on-site management obligations. Moreover, the commercial laundry space is becoming more automated with the introduction of Internet-enabled features in the washing machines.

Increased number of dual-income households coupled with insufficient time for laundry has led to growing demand for laundromats. Additionally, the growth in the hospitality sector in emerging countries and the advent of on-demand services are expected to propel the commercial washing machine growth. Furthermore, the energy labels and energy efficiency policies have enabled manufacturers to focus on the development of energy-efficient products.

The growth in online laundry services is expected to have a positive impact on the commercial washing machine market. The commercial washing machine market is characterized by the presence of key players who provide conventional washing and laundry services. However, the startups in this industry are struggling to fill in the gap by providing comprehensive solutions at a reasonable price.

Full research report on washing machine market Analysis: http://www.grandviewresearch.com/industry-analysis/washing-machine-market

Germany washing machine market, by product, 2014 – 2025 (USD Billion)

Germany washing machine market, by product, 2014 - 2025 (USD Billion)

Further key findings from the report suggest:

  • The fully-automatic washing machine industry is expected to be the fastest-growing segment owing to the growing shortage of time for household chores

  • The demand for washing large volume of load is providing traction to the growth of the washing machines having capacity of over 8 kg

  • The residential sector is anticipated to grow at a CAGR of over 5% throughout the forecast period due to the transition from semi-automatic to fully automatic washing machines.

  • The strong growing demand for residential products in the UAE and Saudi Arabia is contributing to the growth in the MEA region

  • The major players include LG Electronics Inc., Samsung Electronics Co. Ltd., Whirlpool Corporation, and Electrolux AB

  • Emphasis on R&D is a major strategy adopted by the key players to generate financial profits and address the environmental and social issues through technologies and products

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/electronic-devices

Global washing machine market, by end-use, 2015 (%)

Global washing machine market, by end-use, 2015 (%)

 

Grand View Research has segmented the washing machine market based on product, technology, capacity, end-use, application, and region:

Product Outlook (Revenue, USD Billion, 2014 – 2025)

  • Fully automatic

    • Front load

    • Top load

  • Semi-automatic

  • Dryers

Technology Outlook (Revenue, USD Billion, 2014 – 2025)

  • Smart connected washing machine

  • Conventional washing machine

Capacity Outlook (Revenue, USD Billion, 2014 – 2025)

  • Below 6 kg

  • 6.1 to 8 kg

  • Above 8 kg

End-Use Outlook (Revenue, USD Billion, 2014 – 2025)

  • Commercial

  • Residential

Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • Healthcare

  • Hospitality

  • Others

Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

  • MEA

Read Our Blog: Washing Machine Market: Product innovation has led to the development of smart connected washing machines

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

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