Enjoy complimentary customisation on priority with our Enterprise License!
The residential washing machine market size is forecast to increase by USD 49.4 billion at a CAGR of 11.55% between 2023 and 2028. The market is driven by several key factors. Firstly, advancements in technology led to the introduction of innovative wash cycles, improved fabric care, and enhanced dirt removal capabilities. These features cater to consumers' growing demand for effective stain and odor removal. Additionally, the market is witnessing a trend towards digital displays and smart technology, enabling users to customize wash settings and monitor progress. Another trend is the preference for compact appliances, particularly front-loading and top-loading machines, which save space and offer energy efficiency. However, market growth is also influenced by challenges such as fluctuations in raw material prices and operational costs.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.