Appliances used in laundry are those that are used to clean textiles and clothing. The mechanical and electrical devices used to wash and clean clothes are called laundry appliances. The market for laundry equipment is expanding as a result of a variety of causes, including the rising middle-class population that can purchase washers and dryers, rising disposable income, changing lifestyles, and rising standards of living.
UAE Laundry Appliances Market Driving Factors and Challenges
The appliances market has exhibited a consistent growth trajectory in the past and is anticipated to maintain this pattern, primarily due to the expanding middle-class and working-class population. Laundry appliances refer to mechanical/electrical devices used for washing and cleaning textiles. The robust growth in the real estate sector, the hosting of Expo 2021, and the thriving hospitality industry are poised to provide a significant boost to the laundry appliances market in the United Arab Emirates. Manufacturers are actively introducing innovative, advanced iterations of laundry appliances like washing machines and dryers to cater to the preferences of tech-savvy consumers. The market's growth is expected to be driven by smart households. Factors such as increasing disposable incomes, a growing expatriate population, and urbanization are anticipated to be key contributors to the market's expansion in the foreseeable future. Consumers are showing a preference for appliances offering enhanced connectivity, built-in applications, Wi-Fi capabilities, reduced carbon emissions, energy efficiency, and other advancements in laundry appliances, among other features.
Numerous factors are acting as barriers to the growth of the laundry appliances market. Firstly, there is an escalated level of global price competition that is making it increasingly challenging for companies to thrive in this industry. Secondly, the market for washing machines and dryers has started to mature, meaning that there is limited room for substantial expansion. Additionally, the global economy is experiencing a slowdown, which has a direct impact on consumer spending and, consequently, the demand for laundry appliances. Moreover, fierce competition in the technology sector is adding to the hurdles faced by laundry appliance manufacturers. All of these factors together are collectively impeding the growth prospects of the global household laundry appliances market. Furthermore, there is a growing awareness and emphasis on water and energy conservation. This heightened environmental consciousness is prompting consumers to seek eco-friendly alternatives to traditional laundry appliances. Consequently, this trend is expected to further constrain the market's growth as consumers prioritize sustainability and energy efficiency in their purchasing decisions, potentially leading to a shift away from conventional laundry appliances.
Impact of COVID-19 on UAE Laundry Appliances Market
The COVID-19 pandemic has undoubtedly left a significant mark on individuals worldwide and has created substantial disruptions in various markets, resulting in economic challenges. The laundry appliances market in the UAE has not escaped these impacts, with disruptions occurring in supply chains and sales, especially in the commercial laundry appliances sector due to production halts. However, there has been a contrasting trend in the household laundry appliances segment. This particular segment has experienced growth, primarily due to the extensive nationwide lockdown measures that prompted heightened demand for laundry appliances used at home, as people spent more time within their residences.
UAE Laundry Appliances Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Bosch, Daewoo, Electrolux, Haier Group, Hitachi Appliances Inc., Hoover, LG Electronics, Nikai, Samsung, Whirlpool Corporation, Others.
UAE Laundry Appliances Market Segmentation:
By Type: Based on the Type, UAE Laundry Appliances Market is segmented as; Built-in Laundry Appliances Airframe, Freestanding Laundry Appliances.
By Product: Based on the Product, UAE Laundry Appliances Market is segmented as; Combat, Dryers, Electric Smoothing Irons, Washing Machine, Others.
By Technology: Based on the Technology, UAE Laundry Appliances Market is segmented as; Automatic, Semi-Automatic/ Manual, Others.
By Distribution Channel: Based on the Distribution Channel, UAE Laundry Appliances Market is segmented as; Online, Specialty Stores, Supermarkets and Hypermarkets, Other Distribution Channels.
By Region: This research also includes data for Abu Dhabi, Dubai, Sharjah, Rest of UAE.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.