Malaysia Dishwasher Market to Grow with an Impressive Double-Digit CAGR until 2026
Rising number of nuclear
families support the anticipated growth in Malaysia Dishwasher Market in the
forecast period, 2022-2026.
According to TechSci report
on, “Malaysia Dishwasher Market By Type (Built-in vs
Free-standing Dishwasher) By Distribution Channel (Multi-Branded stores,
Exclusive Stores, Hypermarket/ Supermarket, and Online) By Region, Competition
Forecast & Opportunities, 2026”, Malaysia dishwasher market has shown promising growth in historical years
until 2020 and is expected to continue its growth in upcoming forecast years
2022 to 2026. Malaysia dishwasher market owes its growth to the factors like increasing
number of working families and prevalence of in-home cooking. In small/nuclear
families, with all adult members full time working, house chores become a
difficult task. To overcome the exhaustive process of hand-dishwashing, the
product demand is increasing thus driving the Malaysia dishwasher market
growth. Stainless steel dishwashers are prevailing as a favorable product in
the market. These products require lower wattage heat, are low maintenance,
saves energy, among others. The favorable facts of the products drive the
market growth in the next five years.
Moreover,
technological advancements like glass protection, shine enhancers, rinse aid,
soundproof, and LED touch panels are attracting more consumers. New players may
launch technologically advanced products with better graphic-user interface
(GUI), facility of less water and electricity consumption, etc. Built-in and
free-standing are two types of dishwashers available in the Malaysian market.
Built-in dishwashers come with more features but are expensive owing to its
large arena of functionalities, Specialized wash cycles, multiple targeted
sprays, are some of the key features over free-standing dishwashers. Built-in
dishwasher sales are expected to grow in the next five years, owing to the fact
that consumers are getting more inclined toward modular kitchen, with their
disposable income in hand, they are able to make the purchases. Moreover, the
market sees a demand for importance of compact and small spaces thereby
demanding a better area planning, this drives the market growth of built-in
dishwasher multiple folds.
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The
Malaysia dishwasher market is segmented by type, distribution channel, regional
distribution, and competitional landscape. Based on distribution channel, the
market is further segmented into multi-branded stores, exclusive stores,
hypermarket/supermarket, and online sources. Exclusive stores that provide the
electronic appliances are the largest share holding segment. Consumers also opt
for multi-branded stores for the viable options of similar products and to
compare the features at a similar price range but various functions thereby finding
the exact product they require as well as can afford.
In
the recent times of pandemic, the market also started expanding on the online
segment. Due to lockdown, consumers were not able to visit the offline
distributors or to choose their product. In such wakes, online portals and
online retailers gained a lot of attention for the features and specifications
are well explained and price range can be compared on a wider range of
products. Online segment is expected to grow fastest in the next five years
since the threat of the virus spread has not yet ceased. After observing a setback, dishwasher market is
expected to revisit its growth and show a promising future.
Some of
the top players in the Malaysia dishwasher Market are, Panasonic Malaysia Sdn Bhd,
LG Electronics (M) Sdn. Bhd., Midea Scott & English Electronics Sdn Bhd
(MSEE), Robert Bosch, Beko Appliances Malaysia Sdn Bhd, Fiamma SDN BHD (ELBA),
among others. The companies are involving themselves into research and
development for the methods of better quality, and various quality analysis
tests to provide the better products.
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“Malaysia dishwasher market is expected to witness significant growth
during the forecast period. Moreover, domestic players can focus on the cheaper
products amidst all the top brands in the market. Rapid penetrations by the
international brand may pose minor threat to the domestic market of Malaysia
although, if the new players come up with technologically advanced products at
a feasible price, they may overcome the threat. Increased urbanization in the
various regions of the country would drive the Malaysia dishwasher market to
its anticipated growth, general awareness along with the better product
marketing would improve future sales,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Malaysia Dishwasher
Market By Type (Fried, Baked, and Others), By Distribution Channel (Supermarket
/Hypermarket, Convenience Stores, Online and Others), By Region (South, West,
North, East), Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia
Dishwasher market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Malaysia Dishwasher market.
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