Laundry appliances refer to household machines and equipment designed specifically for washing, drying, and maintaining clean clothing and other textiles. These appliances include washing machines, dryers, and combination washer-dryer units that automate the process of cleaning and caring for clothes, linens, and other fabric-based items. The expansion of the laundry appliances market is driven by factors such as the growing middle-class population's purchasing capacity of washing machines and dryers. The increasing number of women in the workforce also contributes to the demand for appliances such as washing machines, which assist with household chores.
The market for laundry appliances is driven by the increasing adoption of smart homes. The integration of smart technologies in households is fueling the demand for advanced and connected laundry appliances that offer convenience, efficiency, and remote-control capabilities. As per Alarms.org's data in 2022, the adoption of smart products in households is experiencing significant growth. According to Statista, in 2021, there were approximately 262.57 million users of smart homes were recorded around the world. Also, the figure is constantly rising and is projected to reach 672.57 million users by 2027. Moreover, current trends in the laundry appliances market involve a focus on innovation to enhance efficiency, energy efficiency, and water consumption in line with environmental regulations set by various governments. Additionally, the growing levels of disposable income of the population are driving the demand for laundry appliances. However, high initial costs associated with purchasing advanced and energy-efficient appliances, and the need for proper maintenance and repair services stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Laundry Appliances Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022. The widespread adoption of automatic washing processes as a fundamental aspect of daily household chores among Europeans has generated promising growth opportunities in the region. In addition, rapid urbanization and changing lifestyles, advancements in laundry appliance technologies, and growing awareness of environmental issues and energy conservation are the further attributing to the regional market growth. North America is expected as the fastest growing during the forecast period, the growing preference for smart devices and smart homes among Americans is driving the sales of smart washing machines, as connected devices gain increasing prominence.
Major market players included in this report are:
- Whirlpool
- Alliance Laundry Systems LLC
- Videocon Industries Limited
- Robert Bosch GmbH
- Toshiba Corporation
- Candy Hoover Group S.p.A.
- Sharp Corporation
- Electrolux AB
- GD Midea Holding Co. Ltd.
- Samsung Electronics Co., Ltd.
Recent Developments in the Market:
- In August 2020, Samsung launched an AI-powered laundry lineup that includes washing machines with top-tier energy efficiency. These innovative machines utilize artificial intelligence (AI) capabilities to customize the laundry process, achieving a powerful wash while saving time, energy, and effort. The lineup also features Samsung's EcoBubble and QuickDrive technology.
- In January 2021, LG Electronics unveiled the LG ThinQ front-load washing machine, which incorporates an Artificial Intelligent Direct Drive (AI DD) motor. This advanced motor not only detects the weight of the load but also senses the fabric's softness, enabling it to automatically select the optimal motions for different types of fabric. The LG ThinQ washing machine is conveniently controlled using the Smart ThinQ Wi-Fi, allowing users to operate the machine remotely from any location, creating a seamless and integrated experience.
Global Laundry Appliances Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Product, Technology, Distribution Channel, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By Product:
- Washing Machine
- Dryers
- Electric Smoothing Irons
- Others
By Technology:
- Automatic
- Semi-Automatic/ Manual
- Others
By Distribution Channel:
- Multi-brand Stores
- Exclusive Stores
- Online
- Other Distribution Channels
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Laundry Appliances Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Laundry Appliances Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Laundry Appliances Market, by Product, 2020-2030 (USD Billion)
- 1.2.4. Laundry Appliances Market, by Technology, 2020-2030 (USD Billion)
- 1.2.5. Laundry Appliances Market, by Distribution Channel, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Laundry Appliances Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Laundry Appliances Market Dynamics
- 3.1. Laundry Appliances Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing number of women in the workforce
- 3.1.1.2. Growing middle-class population
- 3.1.2. Market Challenges
- 3.1.2.1. Need for timely maintenance and repair services
- 3.1.2.2. High initial costs associated with purchasing energy-efficient appliances
- 3.1.3. Market Opportunities
- 3.1.3.1. Technological Advancements in laundry appliances
- 3.1.3.2. Growing levels of disposable income
Chapter 4. Global Laundry Appliances Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Laundry Appliances Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Laundry Appliances Market by Type, Performance - Potential Analysis
- 5.3. Global Laundry Appliances Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Laundry Appliances Market, Sub Segment Analysis
- 5.4.1. Freestanding
- 5.4.2. Built in
Chapter 6. Global Laundry Appliances Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Laundry Appliances Market by Product, Performance - Potential Analysis
- 6.3. Global Laundry Appliances Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 6.4. Laundry Appliances Market, Sub Segment Analysis
- 6.4.1. Washing Machine
- 6.4.2. Dryers
- 6.4.3. Electric Smoothing Irons
- 6.4.4. Others
Chapter 7. Global Laundry Appliances Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Laundry Appliances Market by Technology, Performance - Potential Analysis
- 7.3. Global Laundry Appliances Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 7.4. Laundry Appliances Market, Sub Segment Analysis
- 7.4.1. Automatic
- 7.4.2. Semi-Automatic/ Manual
- 7.4.3. Others
Chapter 8. Global Laundry Appliances Market, by Distribution Channel
- 8.1. Market Snapshot
- 8.2. Global Laundry Appliances Market by Distribution Channel, Performance - Potential Analysis
- 8.3. Global Laundry Appliances Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
- 8.4. Laundry Appliances Market, Sub Segment Analysis
- 8.4.1. Multi-brand Stores
- 8.4.2. Exclusive Stores
- 8.4.3. Online
- 8.4.4. Other Distribution Channels
Chapter 9. Global Laundry Appliances Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Laundry Appliances Market, Regional Market Snapshot
- 9.4. North America Laundry Appliances Market
- 9.4.1. U.S. Laundry Appliances Market
- 9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Product breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Laundry Appliances Market
- 9.5. Europe Laundry Appliances Market Snapshot
- 9.5.1. U.K. Laundry Appliances Market
- 9.5.2. Germany Laundry Appliances Market
- 9.5.3. France Laundry Appliances Market
- 9.5.4. Spain Laundry Appliances Market
- 9.5.5. Italy Laundry Appliances Market
- 9.5.6. Rest of Europe Laundry Appliances Market
- 9.6. Asia-Pacific Laundry Appliances Market Snapshot
- 9.6.1. China Laundry Appliances Market
- 9.6.2. India Laundry Appliances Market
- 9.6.3. Japan Laundry Appliances Market
- 9.6.4. Australia Laundry Appliances Market
- 9.6.5. South Korea Laundry Appliances Market
- 9.6.6. Rest of Asia Pacific Laundry Appliances Market
- 9.7. Latin America Laundry Appliances Market Snapshot
- 9.7.1. Brazil Laundry Appliances Market
- 9.7.2. Mexico Laundry Appliances Market
- 9.8. Middle East & Africa Laundry Appliances Market
- 9.8.1. Saudi Arabia Laundry Appliances Market
- 9.8.2. South Africa Laundry Appliances Market
- 9.8.3. Rest of Middle East & Africa Laundry Appliances Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Whirlpool
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Alliance Laundry Systems LLC
- 10.3.3. Videocon Industries Limited
- 10.3.4. Robert Bosch GmbH
- 10.3.5. Toshiba Corporation
- 10.3.6. Candy Hoover Group S.p.A.
- 10.3.7. Sharp Corporation
- 10.3.8. Electrolux AB
- 10.3.9. GD Midea Holding Co. Ltd.
- 10.3.10. Samsung
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption