Home Laundry Appliances Market Introduction and Overview
According to SPER Market Research, the Global Home Laundry Appliances Market is estimated to reach USD XX billion by 2033 with a CAGR of 4.50%.
The report includes an in-depth analysis of the Global Home Laundry Appliances market, including market size and trends, product mix, distribution channels, and supplier analysis. Home laundry appliances encompass devices primarily employed for cleaning clothes, including washing machines and dryers. In compact urban areas, the combination of a washer and dryer is a prevalent choice due to its space-saving attributes. This multifunctional unit can both wash and dry clothes in a single cycle and is easily movable. These laundry appliances are engineered to handle various fabric types and garment varieties. However, it's worth noting that a combined washer and dryer setup is generally less effective and efficient when compared to separate, fully functional washing and drying machines.
- August 2020: Samsung launched an AI-powered laundry range featuring advanced energy efficiency. Their washing machine employs AI to optimize laundry for a thorough clean using less time and energy, along with EcoBubble and QuickDrive tech.
- January 2021: LG Electronics unveiled a new LG ThinQ front-load washer equipped with an AI DD motor, detecting fabric weight and softness to automatically select optimal motions. It can be controlled remotely through Smart ThinQ Wi-Fi, offering enhanced user convenience.
Market Opportunities and Challenges
The global home laundry appliance market stands to benefit from several growth drivers. First and foremost, the introduction of novel technologies is poised to create opportunities for the market expansion. Additionally, the improved living standards and increased incomes within middle-class households are expected to elevate the demand for home laundry appliances. These factors align with consumers' preferences for more convenient and efficient laundry solutions. Also, there are promising prospects for market expansion due to factors such as a rising number of working women, ongoing innovations, urbanization, and improved feedback, all of which are expected to offer lucrative growth opportunities.
However, several factors are impeding the growth of the global home laundry appliances market. These include increased global price competition, a mature market for washing machines and dryers, a slowdown in the global economy, and intense competition in technology. These factors collectively pose challenges to the expansion of the home laundry appliances market worldwide. Furthermore, there are concerns related to water and energy conservation, which are driving the adoption of environmentally friendly alternatives. This factor is also expected to restrain the market's growth.
Market Competitive Landscape
The global home laundry appliances market is marked by competition. Prominent industry players are incorporating advanced technological features into their existing products and expanding their product portfolios with new offerings to maintain competitiveness in the market. The key players in the Global Home Laundry Appliances market include BSH Home Appliance Group, Godrej, Haier Inc., Hitachi Appliance Inc., IFB Industries Ltd., Koninklijke Philips N.V., LG Electronics, Midea Group, Miele & Cie., Panasonic Corporation, Samsung, Whirlpool Corp., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Technology, By Type
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | BSH Home Appliance Group, Godrej, Haier Inc., Hitachi Appliance Inc., IFB Industries Ltd., Koninklijke Philips N.V., LG Electronics, Midea Group, Miele & Cie., Panasonic Corporation, Samsung, Whirlpool Corp., Others
|
COVID-19 Impact on Global Home Laundry Appliances Market
The sales of numerous consumer durable companies have been affected by the COVID-19 pandemic. Lockdown measures forced companies to halt the production of home appliances. Online platforms such as Amazon and Flipkart temporarily ceased product sales, while many retail outlets closed their doors, leading to a decrease in consumer appliance sales compared to the previous year.
Key Target Audience
- Apartment Dwellers
- Budget-Conscious Shoppers
- Eco-Conscious Consumers
- Elderly or Retired Individuals
- Families with Children
- Homeowners and Renovators
- Luxury and High-End Appliance Shoppers
- Tech Enthusiasts
- Young Professionals
- Others
Our in-depth analysis of the Home Laundry Appliances Market includes the following segments:
| By Product: | DryersSmoothing IronsSteamersWashersOthers |
| By Technology: | AutomaticSemi-automaticOthers |
| By Type: | Built-inFreestanding |
Key Topics Covered in the Report
- Global Home Laundry Appliances Market Size (FY’2023-FY’2033)
- Overview of Global Home Laundry Appliances Market
- Segmentation of Global Home Laundry Appliances Market By Product (Dryers, Smoothing Irons, Steamers, Washers, Others)
- Segmentation of Global Home Laundry Appliances Market By Technology (Automatic, Semi-automatic, Others)
- Segmentation of Global Home Laundry Appliances Market By Type (Built-in, Freestanding)
- Statistical Snap of Global Home Laundry Appliances Market
- Expansion Analysis of Global Home Laundry Appliances Market
- Problems and Obstacles in Global Home Laundry Appliances Market
- Competitive Landscape in the Global Home Laundry Appliances Market
- Impact of COVID-19 and Demonetization on Global Home Laundry Appliances Market
- Details on Current Investment in Global Home Laundry Appliances Market
- Competitive Analysis of Global Home Laundry Appliances Market
- Prominent Players in the Global Home Laundry Appliances Market
- SWOT Analysis of Global Home Laundry Appliances Market
- Global Home Laundry Appliances Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Home Laundry Appliances Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Home Laundry Appliances Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Home Laundry Appliances Market
7. Global Home Laundry Appliances Market, By Product (USD Million)
7.1. Global Home Laundry Appliances Market Value Share and Forecast, By Product, 2023-2033
7.2. Dryers
7.3. Smoothing Irons
7.4. Steamers
7.5. Washers
7.6. Others
8. Global Home Laundry Appliances Market, By Technology (USD Million)
8.1. Global Home Laundry Appliances Market Value Share and Forecast, By Technology, 2023-2033
8.2. Automatic
8.3. Semi-automatic
8.4. Others
9. Global Home Laundry Appliances Market, By Type (USD Million)
9.1. Global Home Laundry Appliances Market Value Share and Forecast, By Type, 2023-2033
9.2. Built-in
9.3. Freestanding
10. Global Home Laundry Appliances Market Forecast, 2019-2033 (USD Million)
10.1. Global Home Laundry Appliances Market Size and Market Share
11. Global Home Laundry Appliances Market, By Product, 2019-2033 (USD Million)
11.1. Global Home Laundry Appliances Market Size and Market Share By Product (2019-2026)
11.2. Global Home Laundry Appliances Market Size and Market Share By Product (2027-2033)
12. Global Home Laundry Appliances Market, By Technology, 2019-2033 (USD Million)
12.1. Global Home Laundry Appliances Market Size and Market Share By Technology (2019-2026)
12.2. Global Home Laundry Appliances Market Size and Market Share By Technology (2027-2033)
13. Global Home Laundry Appliances Market, By Type, 2019-2033 (USD Million)
13.1. Global Home Laundry Appliances Market Size and Market Share By Type (2019-2026)
13.2. Global Home Laundry Appliances Market Size and Market Share By Type (2027-2033)
14. Global Home Laundry Appliances Market, By Region, 2019-2033 (USD Million)
14.1. Global Home Laundry Appliances Market Size and Market Share By Region (2019-2026)
14.2. Global Home Laundry Appliances Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. BSH Home Appliance Group
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Godrej
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Haier Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Hitachi Appliance Inc.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. IFB Industries Ltd.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Koninklijke Philips N.V
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. LG Electronics
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Midea Group
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Miele & Cie.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Panasonic Corporation
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Samsung
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Whirlpool Corp.
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
