PUBLISHER: SkyQuest | PRODUCT CODE: 1270693
PUBLISHER: SkyQuest | PRODUCT CODE: 1270693
Global Portable Dishwasher Market size was valued at USD 4.77 billion in 2021 and is poised to grow from USD 5 billion in 2022 to USD 6.76 billion by 2030, growing at a CAGR of 4.9% in the forecast period (2023-2030).
The global portable dishwasher market is expected to grow at a significant rate due to factors such as increasing urbanization and changing consumer preferences towards compact and convenient home appliances. Portable dishwashers are becoming popular among small households and consumers who are living in rental properties. Moreover, the increasing number of new residential construction projects and rising disposable income levels are anticipated to drive the demand for portable dishwashers in the coming years.
Top-down and bottom-up approaches were used to estimate and validate the size of Portable Dishwasher market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Global portable dishwasher market is segmented based on capacity, application, price range, sales channel, and region. Based on capacity, market is segmented into 5-10 Place settings, 10-15 Place settings, above 15. Based on application, market is segmented into commercial, residential. Based on price range market is segmented into Under US$ 50, US$ 50 - US$ 100, US$ 100 - US$ 200, Above US$ 200. Based on sales channel, market is segmented into Wholesalers/ Distributors, Multi brand stores, Exclusive stores, online stores, and other sales channels. Based on region, market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Driver
Installing smart appliances like portable dishwashers, smart refrigerators, air conditioners, and hoover cleaners is necessary when remodelling a home. People are actively engaging in such efforts to refurbish their homes. The growing need for interior design will drive growth in the global market for portable dishwashers. People remodelling their homes and kitchens as a result of having more disposable income, which also increases demand for portable dishwashers. Home appliance innovation is pressuring people to replace their old, inefficient appliances with new, smart ones. This would lead to an increase in the portable dishwashing market.
Restrain
Higher maintenance expenses for these devices are predicted to impede market growth. Because of technological advancement and innovation, portable dishwashers are useful tools; yet, they need constant maintenance and come with high associated costs. Since many consumers are turned off by these products' high prices, price will continue to be a significant impediment to the market's growth.
Trends
Because of the rise in automation in key industries, there is a greater demand for smart and cutting-edge white goods, which has sped up the growth of the portable dishwasher. The demand for portable dishwashers is also supported by people's increasing use of smart, internet-enabled appliances and devices for convenience and to prevent tiresome and repetitive tasks in their daily activities, which helps the global market to grow.