San
Francisco, 03 October 2018, The global washing machine market is
expected to reach USD 42.16 billion by 2025, according to a new report by Grand
View Research, Inc. Increased needs for differentiated products and services
have led to an upsurge in investments for R&D activities. Ongoing advancements,
such as coin laundry, crowdsourced supply, and on-demand services, are drawing
investors toward the laundromat and laundry industries seeking minimal on-site
management obligations. Moreover, the commercial laundry space is becoming more
automated with the introduction of Internet-enabled features in the washing
machines.
Increased
number of dual-income households coupled with insufficient time for laundry has
led to growing demand for laundromats. Additionally, the growth in the
hospitality sector in emerging countries and the advent of on-demand services
are expected to propel the commercial washing machine growth. Furthermore, the
energy labels and energy efficiency policies have enabled manufacturers to
focus on the development of energy-efficient products.
The growth
in online laundry services is expected to have a positive impact on the
commercial washing machine market. The commercial washing machine market is
characterized by the presence of key players who provide conventional washing
and laundry services. However, the startups in this industry are struggling to
fill in the gap by providing comprehensive solutions at a reasonable price.
Full Research Report On Washing Machine Market Analysis:
www.grandviewresearch.com/industry-analysis/washing-machine-market
www.grandviewresearch.com/industry-analysis/washing-machine-market
Further key findings from the report suggest:
·
The fully-automatic washing machine
industry is expected to be the fastest-growing segment owing to the growing
shortage of time for household chores
·
The demand for washing large volume of load
is providing traction to the growth of the washing machines having capacity of
over 8 kg
·
The residential sector is anticipated to
grow at a CAGR of over 5% throughout the forecast period due to the transition
from semi-automatic to fully automatic washing machines.
·
The strong growing demand for residential
products in the UAE and Saudi Arabia is contributing to the growth in the MEA
region
·
The major players include LG Electronics
Inc., Samsung Electronics Co. Ltd., Whirlpool Corporation, and Electrolux AB
·
Emphasis on R&D is a major strategy
adopted by the key players to generate financial profits and address the
environmental and social issues through technologies and products
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
washing machine market based on product, technology, capacity, end-use,
application, and region:
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Fully automatic
o
Front load
o
Top load
·
Semi-automatic
·
Dryers
Technology
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Smart connected washing machine
·
Conventional washing machine
Capacity
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Below 6 kg
·
6.1 to 8 kg
·
Above 8 kg
End-Use
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Commercial
·
Residential
Application
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Healthcare
·
Hospitality
·
Others
Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
·
MEA
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-washing-machine-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
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