PUBLISHER: Grand View Research | PRODUCT CODE: 1268847
PUBLISHER: Grand View Research | PRODUCT CODE: 1268847
U.S. Residential Washing Machine Market Size, Share & Trends Analysis Report By Product (Fully Automatic, Semi-automatic), By Capacity, By Technology (Top Load, Front Load), By Distribution Channel, And Segment Forecasts, 2023 - 2030
U.S. Residential Washing Machine Market Growth & Trends:
The U.S. residential washing machine market size was estimated to reach USD 9,246.5 million in 2030 and is anticipated to expand at a CAGR of 6.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Sales of new single?family houses in August 2022 increased to 28.2% as compared to July 2022, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. A significant increase in households in the U.S. is expected to be the primary driver of growth. Additionally, rising urbanization, combined with the introduction of advanced and innovative household solutions, is expected to drive product demand.
Consumer awareness regarding saving other natural resources such as water and power has also provided opportunities for market players to develop energy-efficient fully automatic washing machines. For instance, ENERGY STAR-certified clothes washers use about 25% less energy and 33% less water than regular washers. Additionally, well-known companies are increasing their R&D spending to prosper in the fully automatic washing machine market in the U.S. This ultimately leads to the development of new products and technologies to make the laundry process much easier and more efficient.
The 6 to 8 Kg segment is anticipated to register significant growth during the forecast period. Higher-capacity washing machines have more intuitive features such as AI and IoT. For instance, in January 2022, LG launched a new FX washer and dryer with a dual heat pump dryer. The new FX laundry pair delivers customized performance that can sense load size, fabric type, and level of soiling and then automatically adds the recommended amount of detergent and adjusts the wash cycle for optimized cleaning.
Based on technology, the U.S. residential washing machine industry is categorized into top-load and front-load washing machines. Among these, the front-load washing machine remains the segment spearhead and has an impressive penetration rate due to being less expensive and more convenient than the front-load machines.
Furthermore, top-load washing machines have vertical gaskets and dryers for evaporating excess water, which reduces the possibility of mold or mildew forming around the edge of the gasket. Furthermore, older people or those with chronic back pains and joint issues prefer household devices that are simple to use. Top load washers are an ideal option for loading and unloading clothes without having to bend, making them a good choice for people of a specific age.
The offline segment dominated the market by holding a major share in 2022. Prominent companies of washing machines, including General Electric and Whirlpool Corporation, have increased their brand stores across the globe to strengthen their distribution channel and brand recognition. Key manufacturers are opening exclusive stores across the globe to offer genuine products and hassle-free services to their customers.
Additionally, the leading manufacturers are developing creative marketing and selling efforts by launching franchise stores and marketing agencies to assist customers in their offline shopping experience. In May 2022, Whirlpool Corporation launched WoW (World of Whirlpool), a marketing organization located in the heart of Chicago in the U.S. The creative marketing organization was created across Whirlpool Corporation's North American brand portfolio, including KitchenAid, Maytag, and Amana brands.
Major players in the U.S. residential washing machine industry include Whirlpool Corporation, LG Electronics Inc., GE Appliances, and Samsung Electronics Co. Ltd. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain more share of the market.
U.S. Residential Washing Machine Market Report Highlights:
- Fully automatic segment is estimated to grow at the highest CAGR over the forecast period. Factors such as lifestyle changes, hectic routines, and urbanization coupled with technological advancements have increased the need to save time while washing clothes, an attribute provided by fully automatic machines
- The large size family structures in U.S. households require a higher loading capacity for washing clothes, which makes the front load a suitable option as it can hold more clothes load. This factor is likely to fuel product demand in the forthcoming years
- Online segment is forecast to grow at a rapid CAGR over the forecast period. The high convenience provided by the online channels is anticipated to contribute to the growth of the segment
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Technology & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
Chapter 3. Residential Washing Machine Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing and Technology Outlook
- 3.2.3. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Residential Washing Machine Market: Consumer Behaviour Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Behavior
- 4.4. Consumer Service Adoption Trends
- 4.5. Key Observations & Findings
Chapter 5. Residential Washing Machine Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2022 & 2030
- 5.2. Fully Automatic
- 5.2.1. Fully Automatic market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. Semi-Automatic
- 5.3.1. Semi-Automatic market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Residential Washing Machine Market: Capacity Estimates & Trend Analysis
- 6.1. Capacity Movement Analysis & Market Share, 2022 & 2030
- 6.2. Below 6 KG
- 6.2.1. Below 6 KG market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3. 6 to 8 KG
- 6.3.1. 6 to 8 KG market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4. Above 8 KG
- 6.4.1. Above 8 KG market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Residential Washing Machine Market: Technology Estimates & Trend Analysis
- 7.1. Technology Movement Analysis & Market Share, 2022 & 2030
- 7.2. Top Load
- 7.2.1. Top Load market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3. Front Load
- 7.3.1. Front Load market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 8. Residential Washing Machine Market: Distribution Channel Estimates & Trend Analysis
- 8.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 8.2. Online
- 8.2.1. Residential Washing Machine market estimates and forecast through online channel, 2017 - 2030 (USD Million)
- 8.3. Offline
- 8.3.1. Residential Washing Machine market estimates and forecast through offline channel, 2017 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Recent developments & impact analysis, by key market participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. CapacityBenchmarking
- 9.6. Company Market Share Analysis, 2022 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. List of key companies analyzed in this section include:
- 9.9.1. Whirlpool Corporation
- 9.9.2. Samsung Electronics Co. Ltd.
- 9.9.3. LG Electronics Inc.
- 9.9.4. AB Electrolux
- 9.9.5. GE Appliances
- 9.9.6. BSH Hausgerate GmbH
- 9.9.7. IFB Industries Ltd.
- 9.9.8. Panasonic Corporation
- 9.9.9. Midea Group Co. Ltd.
- 9.9.10. Hitachi, Ltd.
List of Tables
- 1. U.S. Residential Washing Machine Market - Key Market Driver Analysis
- 2. U.S. Residential Washing Machine Market - Key Market Restraint Analysis
- 3. U.S. Residential Washing Machine market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 4. U.S. Fully Automatic Residential Washing Machine market estimates and forecast, 2017 - 2030 (USD Million)
- 5. U.S. Semi-Automatic Residential Washing Machine market estimates and forecast, 2017 - 2030 (USD Million)
- 6. U.S. Residential Washing Machine market estimates and forecast, by capacity, 2017 - 2030 (USD Million)
- 7. U.S. Below 6 KG Residential Washing Machine market estimates and forecast, 2017 - 2030 (USD Million)
- 8. U.S. 6 to 8 KG Residential Washing Machine market estimates and forecast, 2017 - 2030 (USD Million)
- 9. U.S. Above 8 KG Residential Washing Machine market estimates and forecast, 2017 - 2030 (USD Million)
- 10. U.S. Residential Washing Machine market estimates and forecast, by technology, 2017 - 2030 (USD Million)
- 11. U.S. Top-load Residential Washing Machine market estimates and forecast, 2017 - 2030 (USD Million)
- 12. U.S. Front-load Residential Washing Machine market estimates and forecast, 2017 - 2030 (USD Million)
- 13. U.S. Residential Washing Machine market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 14. U.S. Residential Washing Machine market estimates and forecast through online channel, 2017 - 2030 (USD Million)
- 15. U.S. Residential Washing Machine market estimates and forecast through offline channel 2017 - 2030 (USD Million)
- 16. U.S. Residential Washing Machines market estimates and forecast, 2017 - 2030 (USD Million)
- 17. U.S. Residential Washing Machines market estimates and forecast by product, 2017 - 2030 (USD Million)
- 18. U.S. Residential Washing Machines market estimates and forecast by capacity, 2017 - 2030 (USD Million)
- 19. U.S. Residential Washing Machines market estimates and forecast by technology, 2017 - 2030 (USD Million)
- 20. U.S. Residential Washing Machines market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
- 21. Competitive Landscape
List of Figures
- 1. Residential Washing Machine market segmentation
- 2. Information procurement
- 3. Primary research pattern
- 4. Primary research approaches
- 5. Primary research process
- 6. Market Snapshot
- 7. Segment Snapshot
- 8. Residential Washing Machine market - Penetration & growth prospect mapping
- 9. Residential Washing Machine market - Value chain analysis
- 10. Price trend analysis, 2018 - 2030
- 11. Residential Washing Machine market: Porter's Five Forces analysis
- 12. Residential Washing Machine market: PESTEL analysis
- 13. Residential Washing Machine market: Product share (%) analysis, 2022 & 2030
- 14. Residential Washing Machine market: Capacity share (%) analysis, 2022 & 2030
- 15. Residential Washing Machine market: Technology share (%) analysis, 2022 & 2030
- 16. Residential Washing Machine market: Distribution Channel share (%) analysis, 2022 & 2030
