PUBLISHER: Grand View Research | PRODUCT CODE: 1530515
PUBLISHER: Grand View Research | PRODUCT CODE: 1530515
The North America household washer & dryer market size is expected to reach USD 19.49 billion by 2030, registering a CAGR of 2.6% over the forecast period, according to a new report by Grand View Research, Inc. One of the main factors propelling the household washer and dryer industry is the need for all-in-one washing and dryer combos. An all-in-one washer-dryer combo is a single unit that has an enclosed drum for washing and drying clothes. These gadgets, which have controls that are programmed, can carry out both tasks simultaneously or independently. The necessity to move wet garments from the washer to the dryer is eliminated by these inventive machines, which simplify washing procedures.
The market for household washers and dryers in North America has been significantly impacted by the increasing adoption of smart home technology. With the use of smart home technologies, it is now easy and remote to monitor and control many household functions, including washing. As smart devices can complete tasks automatically or with little assistance from humans, doing this requires less time and effort than doing it by hand. A smart washer, for instance, can automatically choose the appropriate wash/dry cycles, temperatures, and other settings based on the fabric texture, load size, and soil level. Owing to such factors, the adoption of smart washer and dryer is increasing thus driving the market growth.
Washers dominated the North America market in 2023. The growing emphasis on sustainability and energy efficiency is one key driver influencing the adoption of energy-efficient washers. Customers are looking for washers that use less water and have higher energy efficiency ratings as their concerns about the environment rise. To meet this growing demand, manufacturers are creating washers with cutting-edge technologies like water-recycling systems, high-efficiency motors, and enhanced insulation, all of which are meant to lower water and energy usage.
The sales of washers and dryers through offline channel accounted for the major share across North America. Consumers in North America prioritize product lifecycle and value when buying washers or dryers, often preferring to inspect them at retail stores before purchasing. Offline retail outlets throughout the region offer extensive selections from multiple top brands, catering to diverse consumer preferences and requirements, resulting in high sales through these channels.
Major key companies adopt various steps, including global expansion, partnerships, acquisitions and mergers, development, and launch of new products, and others, to gain more market share.