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Residential Fully Automatic Washing Machine Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
[180+ Pages Report] According to the report published by Facts Factors, the global residential fully automatic washing machine market size was worth around USD 19,392.7 million in 2019 and is predicted to grow to around USD 28,303.8 million by 2026 with a compound annual growth rate (CAGR) of roughly 5.5% between 2020 and 2026. The report analyzes the global residential fully automatic washing machine market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the residential fully automatic washing machine market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the residential fully automatic washing machine industry. The report analyzes and declares the historical and current trends analysis of the residential fully automatic washing machine industry and subsequently recommends the projected trends anticipated to be observed in the residential fully automatic washing machine market during the upcoming years.
The residential fully automatic washing machine market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire residential fully automatic washing machine market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the global residential fully automatic washing machine market is set to grow annually at a rate of around 5.5%
- It was established through primary research that the residential fully automatic washing machine market was valued at around USD 19392.7 Million in 2019
- North America held the largest market share in 2019.
- On basis of type segment, top loading type dominated the global residential fully automatic washing machine market in 2019
- Based on machine capacity, the global residential fully automatic washing machine market was led by ‘between 6 and 8 kg machine capacity’ in 2019.
Key Recommendations from Analysts
- As per our analysts, the global residential fully automatic washing machine market is expected to grow significantly over the forecast period and is expected to reach around USD 28303.8 Million by 2026.
- As per analysts, the increasing infrastructural activities will drive the growth of the market.
- As per our analysts, increasing urbanization will drive the global residential fully automatic washing machine market.
- Our team has analyzed that Increase in disposable income is driving the market over the past few decades.
- Our team of analysts has identified, that technological and innovative advancement related to washing machines will grow the global residential fully automatic washing machine market.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the residential fully automatic washing machine industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the residential fully automatic washing machine industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the residential fully automatic washing machine market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the residential fully automatic washing machine industry. The residential fully automatic washing machine market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Residential Fully Automatic Washing Machine sector. Key strategic developments in the residential fully automatic washing machine market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the residential fully automatic washing machine market are appropriately highlighted in the report.
Residential washing machines are generally used to wash laundry home appliances, as they save time and money. A washing machine operates by rotating the clothes at high speed, generating force of gravity alongside dirt which eliminates water from the laundry. Such machines have made several technical improvements over the last decade, contributing to their higher performance in terms of water and energy savings. This enabled the market participants of this industry to gain significant market share in the market for washing machines. In addition, the government has taken various initiatives to grow rural households in Asia-Pacific developing countries which are expected to increase the demand for residential fully automatic washing machines.
The residential fully automatic washing machine market research report delivers an acute valuation and taxonomy of the residential fully automatic washing machine industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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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The regional segmentation of the residential fully automatic washing machine industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the residential fully automatic washing machine industry is provided for the leading economies of the world.
The residential fully automatic washing machine market is segmented based on machine capacity and type. On the basis of type segmentation, the market is classified into front loading, and top loading. in terms of application segmentation, the market is bifurcated into below 6 kg, between 6 and 8 kg, and 8 kg and above.
Some of the leading players in the global market include
- Haier
- BSH
- Midea
- Whirlpool
- Panasonic
- LG
- Toshiba
- Samsung
- Electrolux
- Hitachi
- Alliance Laundry
- Hisense Kelon
The taxonomy of the residential fully automatic washing machine industry by its scope and segmentation is 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
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- 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
Table of Content
Industry Major Market Players
- Haier
- BSH
- Midea
- Whirlpool
- Panasonic
- LG
- Toshiba
- Samsung
- Electrolux
- Hitachi
- Alliance Laundry
- Hisense Kelon
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