PUBLISHER: TechNavio (Infiniti Research Ltd.) | PRODUCT CODE: 1132213
PUBLISHER: TechNavio (Infiniti Research Ltd.) | PRODUCT CODE: 1132213
Technavio has been monitoring the residential washing machine market and it is poised to grow by $30.83 bn during 2022-2026, accelerating at a CAGR of 8.91% during the forecast period. Our report on the residential washing machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovation leading to portfolio extension and product premiumization, growth of the online laundry market, and increased adoption of integrated smart home technology.
The residential washing machine market analysis includes the product, technology, distribution channel segments, and geographic landscape.
Technavio's residential washing machine market is segmented as below:
By Product
By Technology
By Distribution Channel
By Geographical Landscape
This study identifies the introduction of portable washing machines as one of the prime reasons driving the residential washing machine market growth during the next few years. Also, the introduction of technologically advanced machines and the introduction of IoT-enabled washing machine and laundry services will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the residential washing machine market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential washing machine market vendors that include AB Electrolux, Alliance Laundry System LLC, Arcelik A.S., Avanti Products, Haier Smart Home Co. Ltd., Hitachi Ltd., IFB Industries Ltd, LG Electronics Inc., Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Smeg Spa, TCL Electronics Holdings Ltd., TOSHIBA CORP, Transform SR Brands LLC, Whirlpool Corp., Godrej and Boyce Manufacturing Co. Ltd., and MIDEA Group Co. Ltd. Also, the residential washing machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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