Global Washing Appliances Market Anticipated to Surge at a CAGR of 10.7% Through 2026

The global washing appliances market is expected to grow at a high CAGR to reach an estimate of around US$ 60 Bn by the end of the year of assessment (2026) from a value a bit under US$ 24 Bn in 2017.

 

Albany, NY -- (SBWIRE) -- 02/08/2018 -- New research report offers a comprehensive analysis of the "Global Market Study on Washing Appliances: Top Load Fully Automatic Washing Machine Product Type Segment to Significantly Contribute to Global Market Revenue Growth "The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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A 2.5x increase in revenue growth in the global washing appliances market to be observed in the coming years

Automation and engineering together have made it possible to deliver convenience to individuals in every aspect. Domestic sector is no different, as people are surrounded by objects and appliances that reduce or eliminate physical effort as well as enhance productivity. Automation in household appliances reduce time and improve delivery. Almost all houses have washing appliances. Washing machine is used to clean clothes of all types. Used on a daily basis, this device has gained a lot of traction across the globe and comes with new developments and innovations from a technology standpoint. There are various manufacturers and retailers/distributers that are involved in the washing appliances market. There are different types of washing appliances, such as top load fully automatic washing machine, top load semi-automatic washing machine, front load fully automatic washing machine and dryers. These machines reach the consumers through various sales channels, like direct selling, through retail chains and via E-commerce. Washing appliances are widely used in residential as well as commercial applications.

Persistence Market Research has analyzed various factors that shape up the global washing appliances market. New trends, developments, drivers and challenges that impact the growth of the market have been scrutinized across key regions in the globe. This extensive research report on washing appliances market at a global level involves historic data, current scenario as well as future market projections for a period of nine years. According to the research report, the global washing appliances market is expected to grow at a high CAGR to reach an estimate of around US$ 60 Bn by the end of the year of assessment (2026) from a value a bit under US$ 24 Bn in 2017.

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Front load fully automatic washing machines to witness high growth in the years to follow

Front load fully automatic washing machines are those wherein clothes are placed in the machine from the front side. The front load fully automatic washing machines segment in the product type category is expected to grow at the highest pace to register a CAGR of 14.5% throughout the period of forecast to touch a value of around US$ 21.8 Bn by the end of the year of assessment from a valuation of more than US$ 6 Bn in 2017. In 2017, this segment was the second largest with respect to market value, but is expected to gain increasing traction in the coming years and is likely to dominate the global market by the end of the assessment period. The increasing adoption of front load fully automatic washing machines can be attributed to the benefits of the appliance such as reduced effort owing to fully automatic feature, less consumption of energy, optimum use of water as well as detergent. These machines deliver better washing results as compared to other washing machines.

Competitor analysis

The research report on global washing appliances market includes a dedicated section that reflects intelligence on various key players participating in the market. Major companies such as Whirlpool Corporation, LG Electronics, Robert Bosch, Samsung Electronics Co. Ltd., GE Appliance, Electrolux AB, Panasonic, Haier, Siemens Group and Philips are profiled in this research report.

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