About Built-in Dishwashers
Two types of dishwashers are available in the market: built-in dishwashers and freestanding dishwashers. Built-in dishwashers are integrated and permanent kitchen appliances for washing large capacity loads. It saves space since it is integrated and connected to the flow of other kitchen appliances and is permanently fixed. Built-in dishwashers are suitable for homeowners, especially those with families, who plan on living in their current houses for long periods of time
Technavio’s analysts forecast the global built-in dishwashers market to grow at a CAGR of 6.84% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global built-in dishwashers market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sale of built-in dishwashers in the residential segment.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Built-In Dishwashers Market 2016-2020
Technavio recognizes the following companies as the key players in the global built-in dishwashers market: Arçelik, Electrolux, GE, Robert Bosch, and Whirlpool.
Other Prominent Vendors in the market are: AGA Rangemaster, Asko Appliances AB, Décor, Fagor America, Haier, Hoover, Kenmore Appliances, LG Electronics, Miele, Samsung, Smeg, and Vestel.
Commenting on the report, an analyst from Technavio’s team said: “Incorporating superior design elements for built-in dishwashers by the companies will be one of the major trends for market growth. Consumers today are not just concerned about the function of an appliance but also with the way it looks in terms of design, and are ready to pay even a little extra if the appliance is matching the décor of their kitchens. To cater to such demands, companies are incorporating superior design elements such as LED touch panels, sleek look, flexible interior layout, push drawers, and different color options. These features differentiate these built-in dishwashers from the regular dishwashers available in the market. Players are increasingly trying to enrich their built-in dishwashers' portfolio with new and innovative products.”
According to the report, one of the key drivers for market growth will be the growing demand for compact and integrated built-in dishwashers for smaller and built-in kitchens. In countries such as the US, consumers, especially millennials and baby boomers, prefer to opt for smaller homes with more compact kitchens. Compact homes are driving the market for integrated built-in dishwashers, which are targeted specifically for smaller and built-in kitchens. The increasingly hectic schedules of individuals in both their personal and professional lives restrict the time for household chores, and hence, the need for compact kitchens and space-saving appliances is increasing rapidly. Since built-in appliances allow consumers to make the most efficient use of space in their kitchens, their demand is on the rise.
Further, the report states that one of the market challenges will be to create market for built-in dishwasher for mass premium consumer segment. Built-in dishwasher brands are perceived as high-end premium products and companies are challenged to create affordable products for the mass premium and mass segments at the bottom of the pyramid (tier 2 and 3 cities) where the maximum population belongs to, especially in emerging countries. In most emerging countries, consumers are price-sensitive and consider dishwashers to be luxury appliances. Therefore, the conversion ratio from hand washing to machine washing is less in these countries. However, companies are looking at creating more affordable products and positioning brands in such a way that consumers find need and advantage in buying these products.
Arçelik, Electrolux, GE, Robert Bosch, Whirlpool, AGA Rangemaster, Asko Appliances AB, Décor, Fagor America, Haier, Hoover, Kenmore Appliances, LG Electronics, Miele, Samsung, Smeg, Vestel.
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