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The smart washing machine market size is forecast to increase by USD 25.46 billion at a CAGR of 20.65% between 2023 and 2028. The global market is witnessing significant growth due to several key factors. One of the primary drivers is the changing global labor force, as more individuals are moving towards employment in the service sector, leading to an increase in demand for time-saving household appliances. Another trend influencing market growth is the introduction of the Internet of Things (IoT)-enabled washing machines and laundry services, which offer convenience and enhanced functionality to consumers. Furthermore, the long product lifecycle of washing machines contributes to market stability, as consumers tend to hold onto their appliances for an extended period. These factors collectively contribute to the growth and development of the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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