Global Dishwasher Market 2023-2030

Title: Global Dishwasher Market Size, Share & Trends Analysis Report Market by Product Type (Freestanding and Built-in), by Distribution Channel (Multi Brand Stores, Exclusive Stores, Online, and Others), and by Application (Commercial and Residential)Forecast Period (2023-2030).

The global dishwasher market is anticipated to grow at a considerable CAGR of 2.3% during the forecast period. The changing lifestyle of consumers is a major factor to drive the growth of dishwashers globally. With shifting lifestyle habits, there is a growing need for appliances that provide comfort, convenience, and efficiency. The growing number of working women, a trend toward healthier eating habits, and hectic lives are all driving factors in the expansion of the global dishwasher market. These developments have produced a desire for appliances that take less work and time to clean and provide convenience and ease.

Manufacturers are also focusing on continuous technological innovations in the field of dishwashers to add more value to their products and enhance their functionality, which will likely enable them to enhance the convenience of users. Integration of AI and several sensors are among key advancements in the field of smart dishwashers. Such developments are anticipated to create lucrative opportunities to the growth of the global dishwasher market. However, the high cost restrains the growth of the dishwasher market.

Segmental Outlook

The global dishwasher market is segmented based on product type, distribution channel, and application. Based on product type, the market is segmented into freestanding and built-in. Based on distribution channel, the market is segmented into multi brand stores, exclusive stores, online, and other distribution channels. Based on application, the market is sub-segmented into commercial & residential. Among the product type, the built-in dishwasher market is anticipated to grow at a prominent growth over the forecast period, owing to the rise in development of advance and modern house/ home construction.

The Residential Sub-Segment to Dominate the Global Dishwasher Market

Among the application, the residential sub-segment is expected to hold a considerable share of the market. The primary factor bolstering the market growth includes the growing adoption of technologically-advanced and cost-effective dishwashers across the globe. Dishwashers are a great addition to any Indian kitchen. They have the ability to clean dishes at a high temperature, which is important for removing tough stains and bacteria. Further, the growing popularity of the modular kitchen concept, increasing adoption of connected home appliances, and the growing influence of the Western lifestyle are all expected to drive global demand for various types of dishwashers. Furthermore, the ease of availability and technological improvements are driving customers to purchase dishwashers, particularly in developing nations such as India & China.

Regional outlooks

The global dishwasher market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held considerable share in the global dishwasher market. The presence of key market players with their promising products, and growing expenditure on smart kitchen appliances are some of the key factors that are contributing to the prominent share of the regional market.

Asia-Pacific to Exhibit Highest CAGR in the Global Dishwasher Market

The Asia-Pacific dishwasher market growth is influenced by the increasing working population across the region especially the women working population base and the trend of nuclear family. Additionally, the major changes in eating habits and the significant influence of the western lifestyle will also aid in the growth of this regional market. Moreover, the increasing disposable income especially in large population base countries such as China and India will present new growth opportunities to the market. According to the data published by the Ministry of Statistics and Programme Implementation, $ 2,352,127 the disposable personal income in India increased to $ 3,344,079 million in 2022, compared to $192,817,456 in 2018. As a result, various new and innovative appliances have entered the market to meet the changing demands and tastes of Indian customers. In June 2023, Elista, the Noida-headquarter manufacturer of home appliances announced its plans to launch its dishwasher priced at Rs 10,000. Designed for working professionals, small families, young couples and even students, this will be a six-plate rack tabletop dishwasher for young couples.

Market Players Outlook

The major companies serving the global dishwasher market include: Electrolux AB, Haier Group Corp., LG Electronics Inc., Robert BOSCH GmbH, and Fagor Electrodomesticos among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2023, Samsung Electronics announced a new expansive Bespoke dishwasher in South Korea. The new 14-person Samsung Bespoke dishwasher comes with AI functionality and has a larger capacity than previous models. The new Bespoke dishwasher's AI function provides AI-customized dishwashing. It can automatically detect tableware contamination and adjust water usage, temperature, spray strength, and other components. It also learns from the washing process to recommend frequently used washing patterns.

The Report Covers:

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global dishwasher market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.