18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Residential Fully Automatic Washing Machine Market By Machine Capacity (Below 6 Kg, Between 6 and 8 Kg, 8 Kg and Above) and By Type (Front Loading, and Top Loading): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Residential Fully Automatic Washing Machine market in 2019 was approximately USD 19392.7 million. The market is expected to grow at a CAGR of 5.5% and is anticipated to reach around USD 28303.8 million by 2026.
Residential washing machines are used widely for washing laundry in home, and hostels, as they save time and energy. Major market players invest in research and development to develop new models and advanced features which maximize their profits. Washing machines are nowadays generally used because of the fast lifestyle.
Browse the full “Residential Fully Automatic Washing Machine Market By Machine Capacity (Below 6 Kg, Between 6 and 8 Kg, 8 Kg and Above) and By Type (Front Loading, and Top Loading): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/residential-fully-automatic-washing-machine-market-by-machine-1237
The global residential fully automatic washing machine market is being primarily driven by increase in per capita income of individuals and improvements in rural electrification. Increased washing machine affordability and rapid urbanization also drive market development. Nevertheless, this growth is limited by the huge availability of laundry shops and by the rise of online laundry services. Additionally, groundbreaking technical developments in washing machines to cater for consumer demand are a significant opportunity for potential business growth.
The global residential fully automatic washing machine market is segmented into type and capacity. The type has been divided into front loading, and top loading. The top loading type has accounted the largest market growth in recent years owing to its lower price and simple to use. Furthermore, the machine capacity of the market has been segmented into below 6 kg, between 6 and 8 kg, and 8 kg and above. The 6-8 kg machine capacity is the most desirable segment in terms of laundry washing, as it provides better power efficiency and better value for money and is expected to grow the market in next few years.
Geographically, the global residential fully automatic washing machine market is analyzed into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America region is holding a maximum market share in terms of revenue. It is due to presence of technologically manufacturers and high adoption of advanced products in this region.
Asia Pacific is projected to be the fastest growing market in the global residential fully automatic washing machine market. It is due to high adoption of technologically developed products. Thereby, such factors are expected to grow the residential fully automatic washing machine market rapidly over the forecast period. The major regions are further analyzed into major countries that include Mexico, Germany, U.S., UK, Canada, France, Kuwait, China, Italy, South Korea, India, Japan, UAE, Egypt, Brazil, and South Africa among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 19392.7 Million |
Projected Market Size in 2026 |
USD 28303.8 Million |
CAGR Growth Rate |
5.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Whirlpool, Midea, Panasonic, LG, Haier, BSH, Samsung, Toshiba, Electrolux, Hitachi, Alliance Laundry, and Hisense Kelon, and Others |
Key Segment |
By Machine, Type and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Whirlpool, Midea, Panasonic, LG, Haier, BSH, Samsung, Toshiba, Electrolux, Hitachi, Alliance Laundry, and Hisense Kelon among others.
This report segments the residential fully automatic washing machine market as follows:
By Machine Capacity Segmentation Analysis
- Below 6 Kg
- Between 6 and 8 Kg
- 8 Kg and Above
By Type Segmentation Analysis
- Front Loading
- Top Loading
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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