Global Dishwasher Market 2017-2021
A dishwasher is a machine that washes dishes automatically. There are two types of dishwashers, which are freestanding dishwashers and built-in dishwashers. Built-in dishwashers unlike freestanding dishwashers are connected to the flow of other kitchen accessories. Dishwashers save time and significantly. reduce the wastage of water and energy.
Technavio’s analysts forecast the global dishwasher market to grow at a CAGR of 6.83 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global dishwasher market for 2017-2021. To calculate the market size, the report considers the revenue generated from retail sales of dishwasher products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Dishwasher Market 2017-2021
Technavio recognizes the following companies as the key players in the global dishwasher market: Electrolux, GE Appliances, LG Electronics, Robert Bosch, and Whirlpool.
Other Prominent Vendors in the market are: AGA Rangemaster, Asko Appliances, Dacor, Fagor America, Hoover Candy Group, Sears Brands, Miele, SAMSUNG, SMEG, and VESTEL.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is product localization. Product localization allows vendors to localize their products and services by aligning to country-specific requirements. Localization also allows the vendors to customize all components of a product for a target market. These components include user interface of dishwashers, printed or online documentation, websites, advertising campaigns, and other marketing communication materials for dishwashers.”
According to the report, one of the major drivers for this market is product innovation in terms of technology, performance, features, design, and capacity of loading. Home appliance makers are focusing on continuous technological innovations in the field of electronics to add more values to their products and to enhance their functionality. This will enable them to enhance the convenience of users. The rapidly evolving designs of household appliances will also catalyze the growth of the market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is low household penetration of dishwashers compared with other major appliances in both developed and developing markets. Dishwashers are not regarded as essential appliances in both the developed nor the developing markets. Secondly, open kitchens with limited space is an increasingly common feature among the new residential units. Owing to these factors consumers consider dishwashers as secondary choices. They prefer purchasing essential appliances such as refrigerators, laundry appliances, and cooking appliances. For instance, the penetration of dishwashers is low in Japan. The majority of dishwashers present in houses and large condominiums in Japan are built-in dishwashers, with these appliances mainly targeting affluent consumers.
Electrolux, GE Appliances, LG Electronics, Robert Bosch, Whirlpool, AGA Rangemaster, Asko Appliances, Dacor, Fagor America, Hoover Candy Group, Sears Brands, Miele, SAMSUNG, SMEG, and VESTEL.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook