Washing Machine Market Is Anticipated to Attain Around USD 42.16 Billion By 2025:Key Participant LG Electronics Inc.

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

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/

Wearable Technology Market Expected To Trigger A Revenue Increase To USD 196.5 Billion By 2022:Key Participant Fitbit, Garmin, Google Inc.

San Francisco, 08 October 2018, The global Wearable Technology Market is anticipated to reach USD 196.5 billion by 2022, according to a new study by Grand View Research, Inc. Research and development investment by large number of industry player is expected to fuel growth over the forecast period.

Increasing disposable income worldwide is expected to fuel industry growth over the forecast period. Technological advancement, price, quality, and battery life influence the buying decision of the end-users. The emergence of 3D printing solution and crowd funding is expected to positively impact the wearable technology market.

Increasing smartphone penetration worldwide is expected to propel industry growth over the forecast period, owing to increasing wearable device compatibility. Advancement in semiconductor electronics is expected to favor more efficient and effective products, thereby fuel revenue growth over the next seven years.

Various health and economic benefits are expected to contribute to overall industry development. For instance, advertisement agencies can bring down research cost through the use of eye-wear, which can allow enhanced data collection of customers’ feedbacks. Low battery life and high cost of some of the devices may hinder the industry growth over the forecast period. Data privacy concern may also adversely affect the industry demand.

Full Research Report On Wearable Technology Market Analysis:
www.grandviewresearch.com/industry-analysis/wearable-technology-market

Further key findings from the study suggest:

·         The global industry is innovation driven and continuously evolving. The products available in the market include wrist-wear, neck-wear, body-wear, eye-wear and foot-wear. Companies such as Nike, Garmin, GOQii are offering wrist-wear for fitness and sport and healthcare application.

·         Applications include healthcare, fitness and wellness, infotainment, enterprise and industrial, and defense. Increasing concern about fitness and health among urban population is anticipated to drive demand over the forecast period. Advancement in virtual reality technology is expected to favor the infotainment segment over the next seven years. Government initiative to enhance their defense capability and provide soldiers with advanced technology is anticipated to drive investment in this sector.

·         North America wearable technology market is estimated to be the key regional segment and is anticipated to grow at a CAGR of around 32% over the next seven years. Increasing in awareness about the benefit of this technology will drive demand in Asia Pacific over the forecast period. Asia Pacific is expected to be key component manufacturing hub over the forecast period owing to availability of cheap resources. The region was valued over USD 3 billion in 2014, and is expected to grow at a CAGR of over 36% from 2015 to 2022.

·         Companies operating in the industry include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. In March 2014, Google Inc. launched Android operating system for wearable technology. CuteCircuit Technologies is a company that designs and develops wearable garments for both men and women.

Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the wearable technology market on the basis of product, application and region:

Wearable Technology Product Outlook (USD Billion, 2012 - 2022)

·         Wrist-wear

·         Eye-wear

·         Foot-wear

·         Neck-wear

·         Body-wear

·         Others

Wearable Technology Application Outlook (USD Billion, 2012 - 2022)

·         Fitness and sports

·         Healthcare

·         Infotainment

·         Defense

·         Enterprise and industrial

Wearable Technology Regional Outlook (USD Billion, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         RoW

Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-wearable-technology-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