Washing Machine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Washing Machine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Washing Machine Market
The washing machine market size was valued at USD 59.39 billion in 2023, and the market is now projected to grow from USD 62.88 billion in 2024 to USD 115.82 billion by 2032, exhibiting a CAGR of 7.93% during the forecast period of 2024-2032.
The covid-19 has emerged as a factor that slowed down the washing machine market growth. This was because of the related factors that included supply chain, factory shutdowns and issues with labour force that hindered deliveries and stocks. In addition, 2020 experienced a 6.5% fall from the previous year for Chinese household appliances totalling USD 127 million. However, consumers were mostly at home post-pandemic so, they preferred purchasing energy-efficient washing machines to save costs and be environment-sensitive.
Urbanization is driving the washing machine market share due to better infrastructure, numerous corporate offices, and improved educational institutions. According to UNCTAD, as of 2021, the urban population of Asia and Oceania increased from 43.3% in 2011 to 50.0%. The result has been a growing preference for energy-saving intelligent washing machines as well as hotels' desire for swift laundry services which is enhancing this trend.
Additionally, advancements in science and technology have boosted IoT use in laundry appliances, simplifying washing by enabling monitoring, alerts, and control via smart devices. IoT-connected smart washers can be managed through smartphone apps, enhancing convenience and driving market growth.
Comprehensive Analysis of Washing Machine Market
The washing machine market is rapidly expanding due to effective market segmentation. This growth addresses key supply and demand dynamics in the consumer goods industry, with segmentations based on products and capacity. The product segmentation includes, Fully Automatic [Front Load and Top Load], Semi-automatic, and Dryer and the capacity segmentation includes, Below 6 Kg, 6.1-8 Kg, and Above 8 Kg.
North America places the dominant emphasis on the washing machine market. Increased outdoor activities have led to higher clothing changes, boosting consumption rates. Outdoor activities engaged 54% of people in North America who were at least six years old, in 2021. New houses which kept coming up have raised the demand for washing machines and other household stuff.
Leading market players are vital to the consumer goods industry, driving growth and establishing market standards. These players include, Whirlpool Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Electrolux AB (Sweden), Haier Smart Home Co., Ltd. (China), Godrej Industries Ltd. (India), IFB Industries Ltd. (India), Panasonic Corporation (Japan), Mirc Electronics Limited (India) and Bsh Hausgeräte GmbH (Germany).
In March 2023, Washing machine maker Sharp Business Systems recently announced new washing machines of Japanese contemporary technologies.
Segmentation Table
GlobalWashing Machine Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 7.93% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Product, Capacity, and Region
By Product Fully Automatic (Front Load and Top Load)
Semi-automatic
Dryer
By Capacity Below 6 Kg
6.1-8 Kg
Above 8 Kg
By Region North America (By Product, Capacity, and Country)
- U.S. (By Product)
- Canada (By Product)
- Mexico (By Product)
Europe (By Product, Capacity, and Country)
- Germany (By Product)
- France (By Product)
- Italy (By Product)
- Spain (By Product)
- U.K. (By Product)
- Rest of Europe (By Product)
Asia Pacific (By Product, Capacity, and Country)
- China (By Product)
- India (By Product)
- Japan (By Product)
- Malaysia (By Product)
- Thailand (By Product)
- Singapore (By Product)
- Hong Kong (By Product)
- South Korea (By Product)
- Australia (By Product)
- Rest of Asia Pacific (By Product)
South America (By Product, Capacity, and Country)
- Brazil (By Product)
- Argentina (By Product)
- Rest of South America (By Product)
Middle East & Africa (By Product, Capacity, and Country)
- South Africa (By Product)
- UAE (By Product)
- Saudi Arabia (By Product)
- Rest of the Middle East & Africa (By Product)
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Table of Contents
198 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Global Rugged Display Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Size
- 5.2.1. Less than 10 inches
- 5.2.2. 10 to 15 inches
- 5.2.3. More than 15 inches
- 5.3. Market Analysis, Insights and Forecast – By Level of Ruggedness
- 5.3.1. Semi Rugged
- 5.3.2. Fully Rugged
- 5.3.3. Ultra Rugged
- 5.4. Market Analysis, Insights and Forecast – By Vertical
- 5.4.1. Consumer Electronics
- 5.4.2. Defense
- 5.4.3. Aerospace
- 5.4.4. Other (Food, Healthcare, Industrial, Automobile)
- 5.5. Market Analysis, Insights and Forecast – By Product
- 5.5.1. Smart Phone & Handheld Computer
- 5.5.2. Tablet
- 5.5.3. Laptop
- 5.5.4. Mission-Critical Display
- 5.5.5. Avionic Display
- 5.5.6. Vehicle-Mounted
- 5.5.7. Other
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Rest of the World
- 6. North America Rugged Display Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Size
- 6.1.1. Less than 10 inches
- 6.1.2. 10 to 15 inches
- 6.1.3. More than 15 inches
- 6.2. Market Analysis, Insights and Forecast – By Level of Ruggedness
- 6.2.1. Semi Rugged
- 6.2.2. Fully Rugged
- 6.2.3. Ultra Rugged
- 6.3. Market Analysis, Insights and Forecast – By Vertical
- 6.3.1. Consumer Electronics
- 6.3.2. Defense
- 6.3.3. Aerospace
- 6.3.4. Other (Food, Healthcare, Industrial, Automobile)
- 6.4. Market Analysis, Insights and Forecast – By Product
- 6.4.1. Smart Phone & Handheld Computer
- 6.4.2. Tablet
- 6.4.3. Laptop
- 6.4.4. Mission-Critical Display
- 6.4.5. Avionic Display
- 6.4.6. Vehicle-Mounted
- 6.4.7. Other
- 6.5. Market Analysis – By Country
- 6.5.1. U.S
- 6.5.1.1. Market Analysis, Insights and Forecast – By Vertical
- 6.5.1.1.1. Consumer Electronics
- 6.5.1.1.2. Defense
- 6.5.1.1.3. Aerospace
- 6.5.1.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 6.5.2. Canada
- 6.5.2.1. Market Analysis, Insights and Forecast – By Vertical
- 6.5.2.1.1. Consumer Electronics
- 6.5.2.1.2. Defense
- 6.5.2.1.3. Aerospace
- 6.5.2.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 7. Europe Rugged Display Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Size
- 7.1.1. Less than 10 inches
- 7.1.2. 10 to 15 inches
- 7.1.3. More than 15 inches
- 7.2. Market Analysis, Insights and Forecast – By Level of Ruggedness
- 7.2.1. Semi Rugged
- 7.2.2. Fully Rugged
- 7.2.3. Ultra Rugged
- 7.3. Market Analysis, Insights and Forecast – By Vertical
- 7.3.1. Consumer Electronics
- 7.3.2. Defense
- 7.3.3. Aerospace
- 7.3.4. Other (Food, Healthcare, Industrial, Automobile)
- 7.4. Market Analysis, Insights and Forecast – By Product
- 7.4.1. Smart Phone & Handheld Computer
- 7.4.2. Tablet
- 7.4.3. Laptop
- 7.4.4. Mission-Critical Display
- 7.4.5. Avionic Display
- 7.4.6. Vehicle-Mounted
- 7.4.7. Other
- 7.5. Market Analysis – By Country
- 7.5.1. U.K
- 7.5.1.1. Market Analysis, Insights and Forecast – By Vertical
- 7.5.1.1.1. Consumer Electronics
- 7.5.1.1.2. Defense
- 7.5.1.1.3. Aerospace
- 7.5.1.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 7.5.2. Germany
- 7.5.2.1. Market Analysis, Insights and Forecast – By Vertical
- 7.5.2.1.1. Consumer Electronics
- 7.5.2.1.2. Defense
- 7.5.2.1.3. Aerospace
- 7.5.2.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 7.5.3. France
- 7.5.3.1. Market Analysis, Insights and Forecast – By Vertical
- 7.5.3.1.1. Consumer Electronics
- 7.5.3.1.2. Defense
- 7.5.3.1.3. Aerospace
- 7.5.3.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 7.5.4. Russia
- 7.5.4.1. Market Analysis, Insights and Forecast – By Vertical
- 7.5.4.1.1. Consumer Electronics
- 7.5.4.1.2. Defense
- 7.5.4.1.3. Aerospace
- 7.5.4.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 7.5.5. Rest of Europe
- 7.5.5.1. Market Analysis, Insights and Forecast – By Vertical
- 7.5.5.1.1. Consumer Electronics
- 7.5.5.1.2. Defense
- 7.5.5.1.3. Aerospace
- 7.5.5.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 8. Asia Pacific Rugged Display Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Size
- 8.1.1. Less than 10 inches
- 8.1.2. 10 to 15 inches
- 8.1.3. More than 15 inches
- 8.2. Market Analysis, Insights and Forecast – By Level of Ruggedness
- 8.2.1. Semi Rugged
- 8.2.2. Fully Rugged
- 8.2.3. Ultra Rugged
- 8.3. Market Analysis, Insights and Forecast – By Vertical
- 8.3.1. Consumer Electronics
- 8.3.2. Defense
- 8.3.3. Aerospace
- 8.3.4. Other (Food, Healthcare, Industrial, Automobile)
- 8.4. Market Analysis, Insights and Forecast – By Product
- 8.4.1. Smart Phone & Handheld Computer
- 8.4.2. Tablet
- 8.4.3. Laptop
- 8.4.4. Mission-Critical Display
- 8.4.5. Avionic Display
- 8.4.6. Vehicle-Mounted
- 8.4.7. Other
- 8.5. Market Analysis – By Country
- 8.5.1. China
- 8.5.1.1. Market Analysis, Insights and Forecast – By Vertical
- 8.5.1.1.1. Consumer Electronics
- 8.5.1.1.2. Defense
- 8.5.1.1.3. Aerospace
- 8.5.1.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 8.5.2. Japan
- 8.5.2.1. Market Analysis, Insights and Forecast – By Vertical
- 8.5.2.1.1. Consumer Electronics
- 8.5.2.1.2. Defense
- 8.5.2.1.3. Aerospace
- 8.5.2.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 8.5.3. India
- 8.5.3.1. Market Analysis, Insights and Forecast – By Vertical
- 8.5.3.1.1. Consumer Electronics
- 8.5.3.1.2. Defense
- 8.5.3.1.3. Aerospace
- 8.5.3.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 8.5.4. Rest of Asia Pacific
- 8.5.4.1. Market Analysis, Insights and Forecast – By Vertical
- 8.5.4.1.1. Consumer Electronics
- 8.5.4.1.2. Defense
- 8.5.4.1.3. Aerospace
- 8.5.4.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 9. Rest of the World Rugged Display Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Size
- 9.1.1. Less than 10 inches
- 9.1.2. 10 to 15 inches
- 9.1.3. More than 15 inches
- 9.2. Market Analysis, Insights and Forecast – By Level of Ruggedness
- 9.2.1. Semi Rugged
- 9.2.2. Fully Rugged
- 9.2.3. Ultra Rugged
- 9.3. Market Analysis, Insights and Forecast – By Vertical
- 9.3.1. Consumer Electronics
- 9.3.2. Defense
- 9.3.3. Aerospace
- 9.3.4. Other (Food, Healthcare, Industrial, Automobile)
- 9.4. Market Analysis, Insights and Forecast – By Product
- 9.4.1. Smart Phone & Handheld Computer
- 9.4.2. Tablet
- 9.4.3. Laptop
- 9.4.4. Mission-Critical Display
- 9.4.5. Avionic Display
- 9.4.6. Vehicle-Mounted
- 9.4.7. Other
- 9.5. Market Analysis – By Sub-Region
- 9.5.1. South America
- 9.5.1.1. Market Analysis, Insights and Forecast – By Vertical
- 9.5.1.1.1. Consumer Electronics
- 9.5.1.1.2. Defense
- 9.5.1.1.3. Aerospace
- 9.5.1.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 9.5.2. Middle East & Africa
- 9.5.2.1. Market Analysis, Insights and Forecast – By Vertical
- 9.5.2.1.1. Consumer Electronics
- 9.5.2.1.2. Defense
- 9.5.2.1.3. Aerospace
- 9.5.2.1.4. Other (Food, Healthcare, Industrial, Automobile)
- 10. Competitive Analysis
- 10.1. Competition Dashboard
- 10.2. Global Rugged Display Market Revenue Market Share Analysis by Key Players, 2022 (%)
- 11. Company Profiles
- 11.1. Corning Incorporated (U.S)
- 11.1.1. Company Overview
- 11.1.2. Business Overview
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.1.6. SWOT Analysis
- 11.2. AGC Inc. (Japan)
- 11.2.1. Company Overview
- 11.2.2. Business Overview
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.2.6. SWOT Analysis
- 11.3. Schott AG (Germany)
- 11.3.1. Company Overview
- 11.3.2. Business Overview
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.3.6. SWOT Analysis
- 11.4. Innolux Corporation (Taiwan)
- 11.4.1. Company Overview
- 11.4.2. Business Overview
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.4.6. SWOT Analysis
- 11.5. LG Display (South Korea)
- 11.5.1. Company Overview
- 11.5.2. Business Overview
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.5.6. SWOT Analysis
- 11.6. Nippon Eletric Glass (Japan)
- 11.6.1. Company Overview
- 11.6.2. Business Overview
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.6.6. SWOT Analysis
- 11.7. Japan Display (Japan)
- 11.7.1. Company Overview
- 11.7.2. Business Overview
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.7.6. SWOT Analysis
- 11.8. SCHURTER Group (Switzerland)
- 11.8.1. Company Overview
- 11.8.2. Business Overview
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.8.6. SWOT Analysis
- 11.9. Sparton Corp (U.S)
- 11.9.1. Company Overview
- 11.9.2. Business Overview
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.9.6. SWOT Analysis
- 11.10. Zebra Technologies Corp (U.S)
- 11.10.1. Company Overview
- 11.10.2. Business Overview
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 11.10.6. SWOT Analysis
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