Residential Washing Machine Market to record USD 30.83 Bn incremental growth; Introduction of portable washing machines to emerge as a key trend -- Technavio

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Oct 12, 2022, 16:08 ET

The global residential washing machine market study by Technavio offers comprehensive analysis by product (top load and front load), technology (fully automatic and semi-automatic), distribution channel (offline and online), and geography (APAC, Europe, North America, the Middle East and Africa, and South America).

NEW YORK, Oct. 12, 2022 /PRNewswire/ -- The global residential washing machine market size is expected to grow by USD 30.83 billion, accelerating a CAGR of 8.91% between 2021 and 2026, according to Technavio's latest market report. The report considers factors such as the consumer base, adoption rate, average selling price, revenue generated by vendors, urbanization and employment rates, and final household consumption expenditure among others to estimate the size of the market. Request a Free Sample to Understand the Scope of the Report

Technavio has announced its latest market research report titled Global Residential Washing Machine Market 2022-2026

By product, the market will observe significant growth in the top load segment during the forecast period. Similarly, by technology and distribution channel, the market growth will be maximum in the fully automatic and offline segments respectively. In terms of geography, APAC will present significant growth opportunities for market vendors due to the rising middle-class population and increasing income of people.

Residential Washing Machine Market: Major Growth Drivers

The following factors are expected to drive the growth of the market during the forecast period:

Product innovation leading to portfolio extension and product premiumization
Growth of the online laundry market
Increased adoption of integrated smart home technology

In addition, the introduction of portable washing machines is expected to emerge as a major trend in the market during the forecast period. Advances in technology have revolutionized the laundry experience for end-users. Over recent years, the market has witnessed a major transition from heavy-load machines to portable washing machines. Portable washing machines have recently emerged as an ideal solution for laundry washing. These machines are usually smaller in size and can be transported with ease. Moreover, some machines do not require electricity and consume less detergent. Portable machines are easy to carry and handy during camping, trekking, and road trips. Many such advantages are increasing their popularity among end-users. This trend is expected to have a positive impact on the growth of the market during the forecast period.

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Reasons to Buy Residential Washing Machine Market Report:

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist residential washing machine market growth during the next five years
Estimation of the residential washing machine market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the residential washing machine market across APAC, Europe, North America, the Middle East and Africa, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of residential washing machine market vendors

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Residential Washing Machine Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.91%
Market growth 2022-2026	USD 30.83 billion
Market structure	Fragmented
YoY growth (%)	8.02
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 51%
Key consumer countries	US, Canada, China, Japan, Germany, and France
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	AB Electrolux, Alliance Laundry System LLC, Arcelik A.S., Avanti Products, Haier Smart Home Co. Ltd., Hitachi Ltd., IFB Industries Ltd, LG Electronics Inc., Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Smeg Spa, TCL Electronics Holdings Ltd., TOSHIBA CORP, Transform SR Brands LLC, Whirlpool Corp., Godrej and Boyce Manufacturing Co. Ltd., and MIDEA Group Co. Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
Exhibit 08: Executive Summary – Chart on Incremental Growth
Exhibit 09: Executive Summary – Data Table on Incremental Growth
Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 11: Parent market
Exhibit 12: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 13: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 14: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 15: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 17: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 18: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 19: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 20: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 21: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 22: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 23: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 24: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 25: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 26: Chart on Product - Market share 2021-2026 (%)
Exhibit 27: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 28: Chart on Comparison by Product
Exhibit 29: Data Table on Comparison by Product

5.3 Top load - Market size and forecast 2021-2026

Exhibit 30: Chart on Top load - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Data Table on Top load - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Chart on Top load - Year-over-year growth 2021-2026 (%)
Exhibit 33: Data Table on Top load - Year-over-year growth 2021-2026 (%)

5.4 Front load - Market size and forecast 2021-2026

Exhibit 34: Chart on Front load - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Data Table on Front load - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Chart on Front load - Year-over-year growth 2021-2026 (%)
Exhibit 37: Data Table on Front load - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Product

Exhibit 38: Market opportunity by Product ($ million)

6 Market Segmentation by Technology

6.1 Market segments

Exhibit 39: Chart on Technology - Market share 2021-2026 (%)
Exhibit 40: Data Table on Technology - Market share 2021-2026 (%)

6.2 Comparison by Technology

Exhibit 41: Chart on Comparison by Technology
Exhibit 42: Data Table on Comparison by Technology

6.3 Fully automatic - Market size and forecast 2021-2026

Exhibit 43: Chart on Fully automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Data Table on Fully automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Chart on Fully automatic - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Fully automatic - Year-over-year growth 2021-2026 (%)

6.4 Semi automatic - Market size and forecast 2021-2026

Exhibit 47: Chart on Semi automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Data Table on Semi automatic - Market size and forecast 2021-2026 ($ million)
Exhibit 49: Chart on Semi automatic - Year-over-year growth 2021-2026 (%)
Exhibit 50: Data Table on Semi automatic - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Technology

Exhibit 51: Market opportunity by Technology ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments

Exhibit 52: Chart on Distribution Channel - Market share 2021-2026 (%)
Exhibit 53: Data Table on Distribution Channel - Market share 2021-2026 (%)

7.2 Comparison by Distribution Channel

Exhibit 54: Chart on Comparison by Distribution Channel
Exhibit 55: Data Table on Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2021-2026

Exhibit 56: Chart on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 57: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 58: Chart on Offline - Year-over-year growth 2021-2026 (%)
Exhibit 59: Data Table on Offline - Year-over-year growth 2021-2026 (%)

7.4 Online - Market size and forecast 2021-2026

Exhibit 60: Chart on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Data Table on Online - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Chart on Online - Year-over-year growth 2021-2026 (%)
Exhibit 63: Data Table on Online - Year-over-year growth 2021-2026 (%)

7.5 Market opportunity by Distribution Channel

Exhibit 64: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 66: Chart on Market share by geography 2021-2026 (%)
Exhibit 67: Data Table on Market share by geography 2021-2026 (%)

9.2 Geographic comparison

Exhibit 68: Chart on Geographic comparison
Exhibit 69: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2021-2026

Exhibit 70: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on APAC - Year-over-year growth 2021-2026 (%)

9.4 Europe - Market size and forecast 2021-2026

Exhibit 74: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Europe - Year-over-year growth 2021-2026 (%)

9.5 North America - Market size and forecast 2021-2026

Exhibit 78: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on North America - Year-over-year growth 2021-2026 (%)

9.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 82: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

9.7 South America - Market size and forecast 2021-2026

Exhibit 86: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on South America - Year-over-year growth 2021-2026 (%)

9.8 US - Market size and forecast 2021-2026

Exhibit 90: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 91: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 92: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 93: Data Table on US - Year-over-year growth 2021-2026 (%)

9.9 China - Market size and forecast 2021-2026

Exhibit 94: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 95: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 96: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 97: Data Table on China - Year-over-year growth 2021-2026 (%)

9.10 Canada - Market size and forecast 2021-2026

Exhibit 98: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 99: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 100: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 101: Data Table on Canada - Year-over-year growth 2021-2026 (%)

9.11 Germany - Market size and forecast 2021-2026

Exhibit 102: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 103: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 104: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 105: Data Table on Germany - Year-over-year growth 2021-2026 (%)

9.12 Japan - Market size and forecast 2021-2026

Exhibit 106: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 107: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 108: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 109: Data Table on Japan - Year-over-year growth 2021-2026 (%)

9.13 France - Market size and forecast 2021-2026

Exhibit 110: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 111: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 112: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 113: Data Table on France - Year-over-year growth 2021-2026 (%)

9.14 Market opportunity by geography

Exhibit 114: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 115: Impact of drivers and challenges in 2021 and 2026

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 116: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 117: Overview on factors of disruption

11.4 Industry risks

Exhibit 118: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 119: Vendors covered

12.2 Market positioning of vendors

Exhibit 120: Matrix on vendor position and classification

12.3 AB Electrolux

Exhibit 121: AB Electrolux - Overview
Exhibit 122: AB Electrolux - Business segments
Exhibit 123: AB Electrolux - Key news
Exhibit 124: AB Electrolux - Key offerings
Exhibit 125: AB Electrolux - Segment focus

12.4 Godrej and Boyce Manufacturing Co. Ltd.

Exhibit 126: Godrej and Boyce Manufacturing Co. Ltd. - Overview
Exhibit 127: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
Exhibit 128: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
Exhibit 129: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus

12.5 Haier Smart Home Co. Ltd.

Exhibit 130: Haier Smart Home Co. Ltd. - Overview
Exhibit 131: Haier Smart Home Co. Ltd. - Business segments
Exhibit 132: Haier Smart Home Co. Ltd. - Key offerings
Exhibit 133: Haier Smart Home Co. Ltd. - Segment focus

12.6 LG Electronics Inc.

Exhibit 134: LG Electronics Inc. - Overview
Exhibit 135: LG Electronics Inc. - Business segments
Exhibit 136: LG Electronics Inc. - Key news
Exhibit 137: LG Electronics Inc. - Key offerings
Exhibit 138: LG Electronics Inc. - Segment focus

12.7 MIDEA Group Co. Ltd.

Exhibit 139: MIDEA Group Co. Ltd. - Overview
Exhibit 140: MIDEA Group Co. Ltd. - Business segments
Exhibit 141: MIDEA Group Co. Ltd. - Key offerings
Exhibit 142: MIDEA Group Co. Ltd. - Segment focus

12.8 Miele and Cie. KG

Exhibit 143: Miele and Cie. KG - Overview
Exhibit 144: Miele and Cie. KG - Product / Service
Exhibit 145: Miele and Cie. KG - Key offerings

12.9 Panasonic Corp

Exhibit 146: Panasonic Corp - Overview
Exhibit 147: Panasonic Corp - Business segments
Exhibit 148: Panasonic Corp - Key news
Exhibit 149: Panasonic Corp - Key offerings
Exhibit 150: Panasonic Corp - Segment focus

12.10 Robert Bosch GmbH

Exhibit 151: Robert Bosch GmbH - Overview
Exhibit 152: Robert Bosch GmbH - Business segments
Exhibit 153: Robert Bosch GmbH - Key news
Exhibit 154: Robert Bosch GmbH - Key offerings
Exhibit 155: Robert Bosch GmbH - Segment focus

12.11 Samsung Electronics Co. Ltd.

Exhibit 156: Samsung Electronics Co. Ltd. - Overview
Exhibit 157: Samsung Electronics Co. Ltd. - Business segments
Exhibit 158: Samsung Electronics Co. Ltd. - Key news
Exhibit 159: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 160: Samsung Electronics Co. Ltd. - Segment focus

12.12 Whirlpool Corp.

Exhibit 161: Whirlpool Corp. - Overview
Exhibit 162: Whirlpool Corp. - Business segments
Exhibit 163: Whirlpool Corp. - Key offerings
Exhibit 164: Whirlpool Corp. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 165: Inclusions checklist
Exhibit 166: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 167: Currency conversion rates for US$

13.4 Research methodology

Exhibit 168: Research methodology
Exhibit 169: Validation techniques employed for market sizing
Exhibit 170: Information sources

13.5 List of abbreviations

Exhibit 171: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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