Residential Washing Machine Market Size, Share & Trends Analysis Report By Product (Fully Automatic, Semi-Automatic), By Capacity (Below 6 kg, 6kg to 8 kg), By Technology, By Distribution Channel, By Region, And Segment Forecasts, 2024

Description

Residential Washing Machine Market Growth & Trends:

The global residential washing machine market size is expected to reach USD 113.0 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.6% from 2024 to 2030. Rising standard of living coupled with the rapid urbanization across the globe is expected to drive the growth. Moreover, significant improvement of electricity infrastructure in developing countries including India, Indonesia, and China is expected to further fuel the product demand.

The fully automatic segment is expected to witness the fastest CAGR during the forecast period, owing to the ease of operation, high energy efficiency, and less water consumption and drying times. Major manufacturers including Samsung Electronics Co. Ltd.; Whirlpool Corporation; and LG Electronics Inc. are introducing latest technologies such as Internet of Things (IoT) to gain competitive edge in the market. For instance, in February 2018, Samsung Electronics Co. Ltd. announced to introduce smart washing machine featuring the Bixby AI interface. The introduction of Artificial Intelligence (AI) in the washing machines will change the industry as it will offer an extended ease of operation to the consumers and will fuel the market growth over the forecast period.

Over the past few years, the major players have adopted marketing strategies including expansion of production capacity, innovative product launch, introduction of latest technologies, and mergers and acquisitions to cater to the increasing demand for washing machines in the region. For instance, in June 2018, Godrej Appliances, an India based home appliances manufacturer inaugurated its new facility at Mohali, India, with a production capacity of four to six lakh units per year. In addition, in January 2018, LG Electronics Inc. launched 'Wi-Fi Inverter' washing machines in Sri Lanka. The product is equipped with Wi-Fi technology and energy-efficient features.

Residential Washing Machine Market Report Highlights:

Asia Pacific residential washing machine dominated the market with a revenue share of 33.4% in 2023 and is anticipated to witness the fastest CAGR during the forecast period
Semi-automatic dominated the market and accounted for a share of 50.3% in 2023
Washing machines with 6 to 8 kg accounted for the largest market revenue share of 47.0% in 2023
Top load accounted for the largest market revenue share of 68.4% in 2023, owing to affordable cost of washing machines and convenient loading.

Product Code: GVR-3-68038-166-5

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Residential Washing Machine Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Residential Washing Machine Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Residential Washing Machine Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Residential Washing Machine Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.3. Fully Automatic
- 4.3.1. Fully Automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Semi-Automatic
- 4.4.1. Semi-Automatic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Residential Washing Machine Market: Capacity Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Residential Washing Machine Market: Capacity Movement Analysis, 2023 & 2030 (USD Million)
5.3. Below 6 kg
- 5.3.1. Below 6 kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. 6 to 8 kg
- 5.4.1. 6 to 8 kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Above 8 kg
- 5.5.1. Above 8 kg Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Residential Washing Machine Market: Technology Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Residential Washing Machine Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
6.3. Top Load
- 6.3.1. Top Load Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Front Load
- 6.4.1. Front Load Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Residential Washing Machine Market: Distribution Chanel Estimates & Trend Analysis

7.1. Segment Dashboard
7.2. Residential Washing Machine Market: Distribution Channel Movement Analysis, 2023 & 2030 (USD Million)
7.3. Offline
- 7.3.1. Offline Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Online
- 7.4.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Residential Washing Machine Market: Regional Estimates & Trend Analysis

8.1. Residential Washing Machine Market Share, By Region, 2023 & 2030 (USD Million)
8.2. North America
- 8.2.1. North America Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
  - 8.2.2.1. U.S. Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
  - 8.2.3.1. Canada Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
  - 8.2.4.1. Mexico Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
- 8.3.1. Europe Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. U.K.
  - 8.3.2.1. U.K. Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
  - 8.3.3.1. Germany Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
  - 8.3.4.1. France Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. Italy
  - 8.3.5.1. Italy Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Spain
  - 8.3.6.1. Spain Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
- 8.4.1. Asia Pacific Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
  - 8.4.2.1. Japan Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. China
  - 8.4.3.1. China Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
  - 8.4.4.1. India Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Australia
  - 8.4.5.1. Australia Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. South Korea
  - 8.4.6.1. South Korea Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
- 8.5.1. Latin America Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
  - 8.5.2.1. Brazil Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
  - 8.6.2.1. South Africa Residential Washing Machine Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 9. Competitive Landscape

9.1. Recent Developments & Impact Analysis by Key Market Participants
9.2. Company Categorization
9.3. Company Heat Map Analysis
9.4. Company Profiles
- 9.4.1. Hitachi, Ltd.
  - 9.4.1.1. Participant's Overview
  - 9.4.1.2. Financial Performance
  - 9.4.1.3. Product Benchmarking
  - 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Midea Group Co. Ltd.
  - 9.4.2.1. Participant's Overview
  - 9.4.2.2. Financial Performance
  - 9.4.2.3. Product Benchmarking
  - 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Panasonic Corporation
  - 9.4.3.1. Participant's Overview
  - 9.4.3.2. Financial Performance
  - 9.4.3.3. Product Benchmarking
  - 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. IFB Industries Ltd.
  - 9.4.4.1. Participant's Overview
  - 9.4.4.2. Financial Performance
  - 9.4.4.3. Product Benchmarking
  - 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. BSH Hausgerate GmbH
  - 9.4.5.1. Participant's Overview
  - 9.4.5.2. Financial Performance
  - 9.4.5.3. Product Benchmarking
  - 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. GE Appliances
  - 9.4.6.1. Participant's Overview
  - 9.4.6.2. Financial Performance
  - 9.4.6.3. Product Benchmarking
  - 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. AB Electrolux
  - 9.4.7.1. Participant's Overview
  - 9.4.7.2. Financial Performance
  - 9.4.7.3. Product Benchmarking
  - 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. LG Electronics Inc.
  - 9.4.8.1. Participant's Overview
  - 9.4.8.2. Financial Performance
  - 9.4.8.3. Product Benchmarking
  - 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Samsung Electronics Co. Ltd.
  - 9.4.9.1. Participant's Overview
  - 9.4.9.2. Financial Performance
  - 9.4.9.3. Product Benchmarking
  - 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. Whirlpool Corporation
  - 9.4.10.1. Participant's Overview
  - 9.4.10.2. Financial Performance
  - 9.4.10.3. Product Benchmarking
  - 9.4.10.4. Recent Developments/ Strategic Initiatives

Residential Washing Machine Market Size, Share & Trends Analysis Report By Product (Fully Automatic, Semi-Automatic), By Capacity (Below 6 kg, 6kg to 8 kg), By Technology, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030