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The global residential washing machine market study by Technavio offers comprehensive analysis by product (top load and front load), technology (fully automatic and semi-automatic), distribution channel (offline and online), and geography (APAC, Europe , North America , the Middle East and Africa , and South America ).

NEW YORK , Oct. 12, 2022 /PRNewswire/ -- The global residential washing machine market size is expected to grow by USD 30.83 billion , accelerating a CAGR of 8.91% between 2021 and 2026, according to Technavio's latest market report. The report considers factors such as the consumer base, adoption rate, average selling price, revenue generated by vendors, urbanization and employment rates, and final household consumption expenditure among others to estimate the size of the market. Request a Free Sample to Understand the Scope of the Report

By product, the market will observe significant growth in the top load segment during the forecast period. Similarly, by technology and distribution channel, the market growth will be maximum in the fully automatic and offline segments respectively. In terms of geography, APAC will present significant growth opportunities for market vendors due to the rising middle-class population and increasing income of people.

Residential Washing Machine Market: Major Growth Drivers

The following factors are expected to drive the growth of the market during the forecast period:

In addition, the introduction of portable washing machines is expected to emerge as a major trend in the market during the forecast period. Advances in technology have revolutionized the laundry experience for end-users. Over recent years, the market has witnessed a major transition from heavy-load machines to portable washing machines. Portable washing machines have recently emerged as an ideal solution for laundry washing. These machines are usually smaller in size and can be transported with ease. Moreover, some machines do not require electricity and consume less detergent. Portable machines are easy to carry and handy during camping, trekking, and road trips. Many such advantages are increasing their popularity among end-users. This trend is expected to have a positive impact on the growth of the market during the forecast period.

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Residential Washing Machine Market Scope

Accelerate at a CAGR of 8.91%

APAC, Europe, North America, Middle East and Africa, and South America

US, Canada, China, Japan, Germany, and France

Leading companies, competitive strategies, consumer engagement scope

AB Electrolux, Alliance Laundry System LLC, Arcelik A.S., Avanti Products, Haier Smart Home Co. Ltd., Hitachi Ltd., IFB Industries Ltd, LG Electronics Inc., Miele and Cie. KG, MIRC Electronics Ltd., Panasonic Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Smeg Spa, TCL Electronics Holdings Ltd., TOSHIBA CORP, Transform SR Brands LLC, Whirlpool Corp., Godrej and Boyce Manufacturing Co. Ltd., and MIDEA Group Co. Ltd.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

7 Market Segmentation by Distribution Channel

About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

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