The global Washing Machine Market was valued USD71.77 billion in 2021 and is forecast to grow at CAGR of 3.83% trough 2027 to reach USD89.27 billion by 2027. The global Washing Machine Market is mainly driven by increasing population in urban areas, changing lifestyles, and increasing technological advancements. Numerous global corporations are investing significant money in their research and development division because of the industry's growing demand for washing machines.

The largest number of advances have been made for the massive global washing machine market. Every market leader wants to provide its customers brand-new, cutting-edge washing machines. The global Washing Machine Market can be segmented as front load automatic, top load automatic, and semi-automatic based on type. Manufacturers now have new means to connect with their clients thanks to the rise of the e-commerce industry and increased internet penetration rates, globally. The expansion of the global Washing Machine Market has been supported by the ability of businesses to increase their distribution reach and serve clients in even the most remote places thanks to the online sales channel. Rising disposable income is one of the primary drivers of the global washing machine market. It indicates a higher standard of living and greater consumer purchasing power. During the forecast period, demand for washing machines is anticipated to increase due to increased GDP per capita income globally.

As many nations went into lockdown during COVID-19 and the global supply chain was disrupted, washing machine sales fell. Many businesses at the time claimed they had a decline in the number of washing machines sold due to weak demand in the first two quarters of 2020. Still, in the second half of the year, the washing machine industry rose at a prolonged rate.

Increasing online sales fuel market expansion

In 2020, online sales increased due to various types of lockdown and social distance practices. Washing machine manufacturers have extended their online presence on e-commerce sites such as Amazon, E-bay, etc. Customers opted to purchase washing machines through the internet. Many companies developed distinctive promotions and loyalty schemes like "Smart Upgrade" to keep and expand their user base.

Increasing Washing Machine Innovations Driving the Market Growth

Manufacturers of washing machines are introducing innovation in their products to boost technical development. LG Electronics (LG) launched its most innovative laundry invention. With an Artificial Intelligence Direct Drive (AI DD) motor, the new LG ThinQ front-load washing machine surpasses the capabilities of conventional washers. Internal water heaters, faster spin rates, anti-vibration technology, and tub cleaning cycles are some of the latest innovations that help washing machines work better.

Rising Number of Nuclear Families

The washing machine business will advance in the future because of growing nuclear households, more women working, and more consumer per capita income. A more comprehensive selection of alternatives encourages city people to switch from semi-automatic to fully automatic machines. Due to the vast price reduction between fully automatic and semi-automatic top loaders, manufacturers can now actively market the former.

Rising Population will lead to the Market growth of washing machine

Rural demand is anticipated to increase and disposable incomes to rise even more due to the government's ambitious plans to strengthen the industrial sector, quadruple agricultural revenues, and make other structural changes targeted at reviving the economy. This expanding group of people and increased purchasing power may inspire innovation and generate employment, promoting economic progress. The need for a washing machine will rise as disposable income rises, which will lead to further market expansion.


Click here to download the sample

Market Segmentation

The global Washing Machine Market is segmented based on type, machine capacity, distribution channel, region, and competitional landscape. Based on the type, the market is segmented into front load automatic, top load automatic and semi-automatic. Based on machine capacity, the market is categorized into below 8 kg and 8 kg and above. Based on distribution channel, the market is segmented into multi-branded store, supermarkets and hypermarkets, online and others (institutional sales, exclusive stores, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific, North America, South America, Europe, and Middle East & Africa. In terms of country, the United States Washing Machine Market is forecast to grow at a faster rate and is expected to reach around USD13.75 billion by 2027.

Company Profiles

Whirlpool Corporation, LG Electronics Inc., Samsung Electronics Co., Ltd., Robert Bosch GmbH, AB Electrolux, Panasonic Corporation, Haier Smart Home Co., Ltd., Midea Group Co., Ltd., Hitachi, Ltd., IFB Industries Limited and others are among the major market players in the washing machine industry that led the market growth of the global washing machine market.

Attribute

Details

Market Size Value in FY2021

USD71.77 Billion

Revenue Forecast in FY2027F

USD89.27 Billion

Growth Rate

3.83%

US Revenue Forecast in 2027

USD13.75 Billion

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023– 2027F

Quantitative Units

Revenue in USD Billion, Volume in Million Units and CAGR for 2017-2021 and 2022-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Machine Capacity

·         Distribution Channel

·         Region

·         Company

Regional Scope

Asia-Pacific, North America, South America, Europe, Middle East & Africa

Key Companies Profiled

Whirlpool Corporation, LG Electronics Inc., Samsung Electronics Co., Ltd., Robert Bosch GmbH, AB Electrolux, Panasonic Corporation, Haier Smart Home Co., Ltd., Midea Group Co., Ltd., Hitachi, Ltd., IFB Industries Limited etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, global Washing Machine Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Global Washing machine Market, By Type:

§  Front Load Automatic

§  Top Load Automatic

§  Semi-Automatic

·         Global Washing machine Market, By Machine Capacity:

§  Below 8 Kg

§  8 Kg and Above

·         Global Washing machine Market, By Distribution Channel:

§  Multi-Branded Stores

§  Supermarkets and Hypermarkets

§  Online

§  Others

·         Global Washing machine Market, By Region:

o   Asia-Pacific

§  China

§  Japan

§  South Korea

§  India

§  Australia

§  Vietnam

§  Thailand

§  Indonesia

o   North America

§  United States

§  Mexico

§  Canada

o   Europe

§  Germany

§  United Kingdom

§  Italy

§  France

§  Spain

§  Netherlands

o   Middle East & Africa

§  Turkey

§  Egypt

§  Saudi Arabia

§  UAE

§  South Africa

o   South America

§  Brazil

§  Colombia

§  Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global washing machine market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Washing machine Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Brand Preference

5.3.  Factor Affecting while purchasing of washing machine

5.4.  Sources of Information

6.    Global Washing Machine Market outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type (Front Load Automatic, Top Load Automatic and Semi-Automatic)

6.2.2.    By Machine Capacity (Below 8 Kg and 8 Kg and Above)

6.2.3.    By Distribution Channel (Multi-branded Stores, Supermarkets and Hypermarkets, Online and Others (Institutional Sales, Exclusive Stores, etc.)

6.2.4.    Region

6.2.5.    By Company (2021)

7.    Asia-Pacific Washing Machine Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Machine Capacity

7.2.3.    By Distribution Channel

7.2.4.    By Country

7.2.4.1.        China Washing Machine Market Outlook

7.2.4.1.1.           Market Size & Forecast

7.2.4.1.1.1.               By Value & Volume

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Type

7.2.4.1.2.2.               By Machine Capacity

7.2.4.1.2.3.               By Distribution Channel

7.2.4.2.        Japan Washing Machine Market Outlook

7.2.4.2.1.           Market Size & Forecast

7.2.4.2.1.1.               By Value & Volume

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Type

7.2.4.2.2.2.               By Machine Capacity

7.2.4.2.2.3.               By Distribution Channel

7.2.4.3.        South Korea Washing Machine Market Outlook

7.2.4.3.1.           Market Size & Forecast

7.2.4.3.1.1.               By Value & Volume

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Type

7.2.4.3.2.2.               By Machine Capacity

7.2.4.3.2.3.               By Distribution Channel

7.2.4.4.        India Washing Machine Market Outlook

7.2.4.4.1.           Market Size & Forecast

7.2.4.4.1.1.               By Value & Volume

7.2.4.4.2.           Market Share & Forecast

7.2.4.4.2.1.               By Type

7.2.4.4.2.2.               By Machine Capacity

7.2.4.4.2.3.               By Distribution Channel

7.2.4.5.        Australia Washing Machine Market Outlook

7.2.4.5.1.           Market Size & Forecast

7.2.4.5.1.1.               By Value & Volume

7.2.4.5.2.           Market Share & Forecast

7.2.4.5.2.1.               By Type

7.2.4.5.2.2.               By Machine Capacity

7.2.4.5.2.3.               By Distribution Channel

7.2.4.6.        Vietnam Washing Machine Market Outlook

7.2.4.6.1.           Market Size & Forecast

7.2.4.6.1.1.               By Value & Volume

7.2.4.6.2.           Market Share & Forecast

7.2.4.6.2.1.               By Type

7.2.4.6.2.2.               By Machine Capacity

7.2.4.6.2.3.               By Distribution Channel

7.2.4.7.        Thailand Washing Machine Market Outlook

7.2.4.7.1.           Market Size & Forecast

7.2.4.7.1.1.               By Value & Volume

7.2.4.7.2.           Market Share & Forecast

7.2.4.7.2.1.               By Type

7.2.4.7.2.2.               By Machine Capacity

7.2.4.7.2.3.               By Distribution Channel

7.2.4.8.        Indonesia Washing Machine Market Outlook

7.2.4.8.1.           Market Size & Forecast

7.2.4.8.1.1.               By Value & Volume

7.2.4.8.2.           Market Share & Forecast

7.2.4.8.2.1.               By Type

7.2.4.8.2.2.               By Machine Capacity

7.2.4.8.2.3.               By Distribution Channel           

8.    North America Washing Machine Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Machine Capacity

8.2.3.    By Distribution Channel

8.2.4.    By Country

8.2.4.1.        United States Washing Machine Market Outlook

8.2.4.1.1.           Market Size & Forecast

8.2.4.1.1.1.               By Value & Volume

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Type

8.2.4.1.2.2.               By Machine Capacity

8.2.4.1.2.3.               By Distribution Channel

8.2.4.2.        Mexico Washing Machine Market Outlook

8.2.4.2.1.           Market Size & Forecast

8.2.4.2.1.1.               By Value & Volume

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Type

8.2.4.2.2.2.               By Machine Capacity

8.2.4.2.2.3.               By Distribution Channel

8.2.4.3.        Canada Washing Machine Market Outlook

8.2.4.3.1.           Market Size & Forecast

8.2.4.3.1.1.               By Value & Volume

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Type

8.2.4.3.2.2.               By Machine Capacity

8.2.4.3.2.3.               By Distribution Channel

9.    Europe Washing Machine Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Machine Capacity

9.2.3.    By Distribution Channel

9.2.4.    By Country

9.2.4.1.        Germany Washing Machine Market Outlook

9.2.4.1.1.           Market Size & Forecast

9.2.4.1.1.1.               By Value & Volume

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Type

9.2.4.1.2.2.               By Machine Capacity

9.2.4.1.2.3.               By Distribution Channel

9.2.4.2.        United Kingdom Washing Machine Market Outlook

9.2.4.2.1.           Market Size & Forecast

9.2.4.2.1.1.               By Value & Volume

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Type

9.2.4.2.2.2.               By Machine Capacity

9.2.4.2.2.3.               By Distribution Channel

9.2.4.3.        Italy Washing Machine Market Outlook

9.2.4.3.1.           Market Size & Forecast

9.2.4.3.1.1.               By Value & Volume

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Type

9.2.4.3.2.2.               By Machine Capacity

9.2.4.3.2.3.               By Distribution Channel

9.2.4.4.        France Washing Machine Market Outlook

9.2.4.4.1.           Market Size & Forecast

9.2.4.4.1.1.               By Value & Volume

9.2.4.4.2.           Market Share & Forecast

9.2.4.4.2.1.               By Type

9.2.4.4.2.2.               By Machine Capacity

9.2.4.4.2.3.               By Distribution Channel

9.2.4.5.        Spain Washing Machine Market Outlook

9.2.4.5.1.           Market Size & Forecast

9.2.4.5.1.1.               By Value & Volume

9.2.4.5.2.           Market Share & Forecast

9.2.4.5.2.1.               By Type

9.2.4.5.2.2.               By Machine Capacity

9.2.4.5.2.3.               By Distribution Channel

9.2.4.6.        Netherlands Washing Machine Market Outlook

9.2.4.6.1.           Market Size & Forecast

9.2.4.6.1.1.               By Value & Volume

9.2.4.6.2.           Market Share & Forecast

9.2.4.6.2.1.               By Type

9.2.4.6.2.2.               By Machine Capacity

9.2.4.6.2.3.               By Distribution Channel

10. Middle East & Africa Washing Machine Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Machine Capacity

10.2.3. By Distribution Channel

10.2.4. By Country

10.2.4.1.     Turkey Washing Machine Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.            By Value & Volume

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Type

10.2.4.1.2.2.            By Machine Capacity

10.2.4.1.2.3.            By Distribution Channel

10.2.4.2.     Egypt Washing Machine Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.            By Value & Volume

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Type

10.2.4.2.2.2.            By Machine Capacity

10.2.4.2.2.3.            By Distribution Channel

10.2.4.3.     Saudi Arabia Washing Machine Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.            By Value & Volume

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Type

10.2.4.3.2.2.            By Machine Capacity

10.2.4.3.2.3.            By Distribution Channel

10.2.4.4.     South Africa Washing Machine Market Outlook

10.2.4.4.1.         Market Size & Forecast

10.2.4.4.1.1.            By Value & Volume

10.2.4.4.2.         Market Share & Forecast

10.2.4.4.2.1.            By Type

10.2.4.4.2.2.            By Machine Capacity

10.2.4.4.2.3.            By Distribution Channel

10.2.4.5.     UAE Washing Machine Market Outlook

10.2.4.5.1.         Market Size & Forecast

10.2.4.5.1.1.            By Value & Volume

10.2.4.5.2.         Market Share & Forecast

10.2.4.5.2.1.            By Type

10.2.4.5.2.2.            By Machine Capacity

10.2.4.5.2.3.            By Distribution Channel

11.  South America Washing Machine Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Machine Capacity

11.2.3. By Distribution Channel

11.2.4. By Country

11.2.4.1.     Brazil Washing Machine Market Outlook

11.2.4.1.1.         Market Size & Forecast