The Global Domestic Laundry Appliances Market size is estimated at $21.3 billion in 2020 and projected to grow at a CAGR of 5% over the next decade, to reach $40.2 billion by 2028. This will be due to the increasing demand for high-quality and energy-efficient products in developing economies such as the Asia Pacific and Latin America. The private sector is expected to account for 53% of the total revenue generated from sales of domestic laundry appliances over the next decade, while commercial sectors are set to account for 47%.
Laundry Appliances are home devices that help people in washing clothes, drying them, and ironing. It contains a dishwasher for cleaning dishes or glassware; an oven to cook food; refrigerators or freezers for preserving items such as meat without electricity. Laundry appliances are used to clean clothes and dry them. They are being a very important part of the household, which is why it has been introduced in many homes all over the world. It can be found in kitchens or bathrooms, depending on its function.
Some laundry appliances include automatic washing machines, drying machines for both wet garments and those that have already gone through the washer cycle; electric smoothing irons for shirts or pants with creases; dishwashers for cleaning dishes or glassware; ovens for cooking food without electricity (which may also include microwaves); refrigerators or freezers to preserve items such as meat when there's no power available.
On the basis of Type, the market is segmented into Automatic Washing Machines, Drying Machines Other Washing Machines, and Electric Smoothing Irons.
Automatic washing machines are a type of appliance that contains a motor and an internal computer, which is controlled by the user. The machine has sensors to detect how much water or load size it needs. It also automatically detects when clothes need more time in one cycle or another, including soil level and temperature setting. Automatic washing machines work through cycles with different settings such as hot/cold wash, warm spin-dry, etc.
Automatic washing machines are the most popular type of domestic laundry appliance in this market. The market for automatic washing machines has been increasing consistently across all regions over the past five years due to various factors such as growing urbanization and housewives’ preference for the convenience offered by these appliances with features like touch screens. This trend was found to be more prominent in the North American region where it accounted for a nearly two-thirds share of global demand in 2017; followed by Europe at 28%. Demand from Latin America is expected to grow steadily owing largely towards higher penetration levels while the Asia Pacific primarily contributes towards new installed base growth through regional integration initiatives such as ASEAN Economic Community.
Drying machines are appliances that have the function of removing water from clothes. These drying machines can be either electric or gas-powered and typically use hot air to remove the moisture content from textiles, thus completing the process of laundry. A drying machine is also called a tumble dryer which is used to give clothing a final spin after washing it in order to get rid of excess water before hanging up for storage or as well as ironing out creases caused during washing.
The Other Washing Machine is used for a variety of purposes. It can be utilized to wash laundry or it may also be used as a dishwasher. The other washing machine could have this functionality because the device has been designed with an inbuilt drying function that would enable clothes and dishes to dry out after being washed, enabling them to be ready for immediate use once they are pulled back from the appliance.
Electric smoothing irons are an electrical appliance that is used to straighten the hair by pressing it against a flat metal surface. The device heats up and provides high pressure with an iron-like tool, which is either interchangeable or built into the handle of the device.
On the basis of Application, the market is segmented into private and commercial. Growth of the market is expected to be driven by increasing demand from residential households and commercial establishments, rising incomes in developing economies, government initiatives for promoting energy efficiency as well as growing adoption rate among emerging markets.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. The market in North America is expected to be the largest contributor of revenue during the forecast period owing to a flourishing demand from consumers for improved quality products in this region. The Asia Pacific market is expected to grow at a fast pace during the forecast period. The growth can be attributed to the increasing demand for electric smoothing irons and drying machines owing to rising awareness among people about their benefits.
The global domestic laundry appliances market is anticipated to witness healthy growth by 2021-2028. There is an increasing number of people across the globe who have adopted lifestyles where they work outside their homes and hence do not have time for household chores such as washing clothes, cooking, or vacuuming. These individuals prefer using automatic machines which save them from manually doing any type of chore at home in order to maintain a clean house without being physically present there all day long. This prevailing trend has resulted in a significant demand for various types of automated household devices that make life easy and comfortable while also saving valuable time on daily tasks with increased efficiency.
Increasing urban population will drive growth in global laundry appliance demand over the forecast period with private consumption contributing towards the majority share of overall revenue due to higher penetration levels while the contribution from public institutions is expected to increase marginally owing primarily towards expanding infrastructure projects such as schools, hospitals, and hotels. Growing disposable income coupled with changing lifestyles have resulted in a shift away from washing clothes manually which has boosted sales figures for automatic washers across all regions; however, this trend may taper off over the next few years on account of declining birth rates & aging population.
Up Market Research published a new report titled “Domestic Laundry Appliances Market research report which is segmented by Types (Automatic Washing Machines, Drying Machines, Other Washing Machines, Electric Smoothing Irons), By Applications (Private, Commercial), By Players/Companies Sears Holdings, Whirlpool, GD Midea Holding, Haier, Bosch, Al Ghandi Electronics, LG Electronics, Miele & Cie, Electrolux, Hitachi Appliances, Panasonic, Godrej & Boyce, Manar, Fagor Electrodomesticos, Fisher & Paykel Appliances, BC Hydro, Siemens, BSH”.
|Report Attributes||Report Details|
|Report Title||Domestic Laundry Appliances Market Research Report|
|By Type||Automatic Washing Machines, Drying Machines, Other Washing Machines, Electric Smoothing Irons|
|By Application||Private, Commercial|
|By Companies||Sears Holdings, Whirlpool, GD Midea Holding, Haier, Bosch, Al Ghandi Electronics, LG Electronics, Miele & Cie, Electrolux, Hitachi Appliances, Panasonic, Godrej & Boyce, Manar, Fagor Electrodomesticos, Fisher & Paykel Appliances, BC Hydro, Siemens, BSH|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||202|
|Number of Tables & Figures||142|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Automatic Washing Machines, Drying Machines, Other Washing Machines, Electric Smoothing Irons and By Application Private, Commercial.
Some of the companies that are profiled in this report are:
Domestic Laundry Appliances Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Domestic Laundry Appliances Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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