Smart Washing Machines Global Market Report 2023

Description

“Smart Washing Machines Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart washing machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for smart washing machines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The smart washing machines market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Top Load; Front Load

2) By Application: Residential; Commercial

3) By Connectivity: Wi-Fi; Bluetooth; Near-Field-Communication (NFC); Other Connectivities

Companies Mentioned: General Electric Co.; LG Electronics Inc.; Samsung Electronics Co. Ltd.; Whirlpool Corp.; Robert Bosch GmbH

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the smart washing machine market are: General Electric Co., LG Electronics Inc., Samsung Electronics Co. Ltd., Whirlpool Corp., Robert Bosch GmbH, Haier Consumer Electronics Group Co. Ltd., Panasonic Corp., Siemens AG, AB Electrolux, and Whirlpool.

The global smart washing machines market will grow from $15.93 billion in 2022 to $17.06 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The smart washing machines market is expected to grow to $22.26 billion in 2027 at a CAGR of 6.9%.

The smart washing machines market consists of sales of top load smart washing machines and front load smart washing machines. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A smart washing machine is defined as a machine that helps the user to control the washing process remotely. Smart washing machines are connected to the internet and smartphone, or other smart devices through the cloud or app. The connectivity gives more control to the machine, and the user can decide its activity through the commands on the app or through other means like voice.

Asia Pacific was the largest region in the smart washing machines market in 2022. Western Europe was the second-largest region in the smart washing machines market. The regions covered in the smart washing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main type of smart washing machine is a top load, and front load that is applied in both residential, and commercial use. The top load smart washing machine allows loading the washing machine with clothes from the top. Smart washing machines use different kinds of connectivity such as Wi-Fi, Bluetooth, near-field communication, and other connections.

The increasing need for energy-efficient washing machines will drive the growth of the smart washing machines market in the forecast period. Smart washing machines increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient washing machines can be attributed to the stringent government regulations on electric home machines and advances in technology. According to the U.S. Energy Information Administration (EIA), the demand for global energy will grow by 37% due to a rise in energy requirements per household by 2035. Energy-efficient machines are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient machines. Thus, smart washing machines will drive the market in the forecast period.

Smart washing machine utilizes wireless technology (such as WiFi, 3G, Bluetooth, etc.) to communicate and interact with other devices or networks. Therefore, the cost of the smart washing machine is high compared to the conventional washing machine. The smart washing machine's cost ranges from $650 to $2500 compared to conventional ones which range from $100 to $1000. The cost will also depend on the size of the washing machine, with larger units fetching higher prices, such as a Samsung 16kg front load washing machine, which retails for around $3,000. Although the higher expense of a smart washing machine with a comparable build quality to a regular washing machine is not unreasonable, the high cost of these washing machines would hinder the demand and growth of the smart washing machine market.

Artificial Intelligence is expected to be a trend in the smart washing machine market. AI uses a simulation of human intelligence into the machine. These machines are programmed with AI technology to think and function like humans. For instance, LG electronics newly released smart washing machine LG think which uses Artificial Intelligence and analyses the wash load and suggests the wash settings accordingly. Similarly, Samsung released the Samsung Grande AI washer and drier in January 2020 which uses Artificial Intelligence for effective ways to laundry and connect with the drier to ease the process of laundry. AI-programmed smart washing machines are expected to ease the process of laundry.

The countries covered in the smart washing machine market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The smart washing machine market research report is one of a series of new reports from The Business Research Company that provides smart washing machine market statistics, including smart washing machine industry global market size, regional shares, competitors with a smart washing machine market share, detailed smart washing machine market segments, market trends and opportunities, and any further data you may need to thrive in the smart washing machine industry. This smart washing machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Product Code: r2204

1. Executive Summary

2. Smart Washing Machines Market Characteristics

3. Smart Washing Machines Market Trends And Strategies

4. Smart Washing Machines Market - Macro Economic Scenario

4.1 COVID-19 Impact On Smart Washing Machines Market

4.2 Ukraine-Russia War Impact On Smart Washing Machines Market

4.3 Impact Of High Inflation On Smart Washing Machines Market

5. Smart Washing Machines Market Size And Growth

5.1. Global Smart Washing Machines Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Smart Washing Machines Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Smart Washing Machines Market Segmentation

6.1. Global Smart Washing Machines Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Top Load
Front Load
6.2. Global Smart Washing Machines Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Residential
Commercial
6.3. Global Smart Washing Machines Market, Segmentation By Connectivity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Wi-Fi
Bluetooth
Near-Field-Communication (NFC)
Other Connectivities

7. Smart Washing Machines Market Regional And Country Analysis

7.1. Global Smart Washing Machines Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Smart Washing Machines Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Smart Washing Machines Market

8.1. Asia-Pacific Smart Washing Machines Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Smart Washing Machines Market

9.1. China Smart Washing Machines Market Overview
9.2. China Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Smart Washing Machines Market

10.1. India Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Smart Washing Machines Market

11.1. Japan Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Smart Washing Machines Market

12.1. Australia Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Smart Washing Machines Market

13.1. Indonesia Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Smart Washing Machines Market

14.1. South Korea Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Smart Washing Machines Market

15.1. Western Europe Smart Washing Machines Market Overview
15.2. Western Europe Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Smart Washing Machines Market

16.1. UK Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Smart Washing Machines Market

17.1. Germany Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Smart Washing Machines Market

18.1. France Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Smart Washing Machines Market

19.1. Eastern Europe Smart Washing Machines Market Overview
19.2. Eastern Europe Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Smart Washing Machines Market

20.1. Russia Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Smart Washing Machines Market

21.1. North America Smart Washing Machines Market Overview
21.2. North America Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Smart Washing Machines Market

22.1. USA Smart Washing Machines Market Overview
22.2. USA Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Smart Washing Machines Market

23.1. South America Smart Washing Machines Market Overview
23.2. South America Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Smart Washing Machines Market

24.1. Brazil Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Smart Washing Machines Market

25.1. Middle East Smart Washing Machines Market Overview
25.2. Middle East Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Smart Washing Machines Market

26.1. Africa Smart Washing Machines Market Overview
26.2. Africa Smart Washing Machines Market, Segmentation By Type , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Smart Washing Machines Market, Segmentation By Application , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Smart Washing Machines Market Competitive Landscape And Company Profiles

27.1. Smart Washing Machines Market Competitive Landscape
27.2. Smart Washing Machines Market Company Profiles
- 27.2.1. General Electric Co.,
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. LG Electronics Inc.,
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Samsung Electronics Co. Ltd.,
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Whirlpool Corp.
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Robert Bosch GmbH,
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Smart Washing Machines Market

29. Smart Washing Machines Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer