Market Research Report
Global Dishwasher Market - Growth, Trends, and Forecast (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||708557|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Global Dishwasher Market - Growth, Trends, and Forecast (2018 - 2023)|
|Published: September 18, 2018||Content info: 110 Pages||
Globally, dishwasher market is projected to grow at the rate of 6.2% during the forecast period 2018 to 2023. Growing popularity of dishwashers for industrial use as it helps to save time, water, and man power, is driving the market growth from last few years. Easy availability and advancement in technology is influencing consumers to buy dishwashers, especially in developing economies. Growing influence of western lifestyle is likely to boost the sales of dishwashers in Asia-Pacific region. Kitchen appliance makers are focusing on continuous technological innovations in the field of electronics kitchen appliances to add more values to their products and to enhance their functionality. This will enable them to enhance the convenience of users. The rapidly evolving designs of kitchen appliances will also drive the growth of the dishwasher market during the forecast period 2018 to 2023.
Product innovation allows key players to promote their products and services by considering country-specific requirements. Technological development in dishwasher allows the vendors to customize the components of a product for a target market which is likely to change market dynamics in upcoming years. Rising influence of printed or online documentation, websites, advertising campaigns, and other marketing communication materials for dishwashers is influencing the sales of dishwashers. Key players are focusing on product innovation in dishwasher such as including pre-soak cycles, removable trays, fold down tines, adjustable racks, better spray arms, and improved wash and dry systems in the final product, is likely to support the market growth. In developed economies, increasing consumer inclination to replace an old dishwasher or undergoing a kitchen renovation is anticipated to drive demand during the forecast period.
The global dishwasher market is led by the offline retail store segment as reach of kitchen appliances including dishwashers through specialty stores and convenience stores is high in developing countries. Growing number of startups, which provide customized kitchen solutions, is influencing the sales of various type of dishwashers from last few years. Many online retail stores create events to drive sales through themed promotions, such as with the Diwali, Christmas, Rugby World Cup etc. which is supporting the sales of dishwashers though online retail stores market. The seamless shopping experience with the dominance of private label brands and rising internet penetration is encouraging consumers to buy dishwashers online.
In Asia-Pacific, increasing preference for hustle free lifestyle and growing industrial application of dishwashers are supporting the growth of dishwasher market in the region. Significant changes in the living standards and growing urbanization in developing countries in India and China are expected to boost the sales of both freestanding and built-in dishwashers in the region. In Asia-Pacific region, China is likely to continue its dominance due to growing demand of dishwashers along with various kitchen appliances. In North America, key players are focusing on expansion, for example, Sub-Zero Freezer Co based in the US completed the USD 62 million expansion of one of its manufacturing plants in Fitchburg, Wisconsin in 2016.
Major Key Players - AGA Rangemaster Group Limited, Arcelik A.S., Asko Appliances AB, Candy Hoover Group Srl, Dacor, Inc., Electrolux AB, Fagor America, Inc., GE Appliances, Haier Group Corporation, LG Electronics Inc., Robert Bosch GmbH and Whirlpool Corporation, among others.
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5. Dishwasher Market Regional Analysis by Geography