Dublin, 01 July 2022 (GLOBE NEWSWIRE) — The report “Household Laundry Equipment Global Market Report 2022, By Type, By Technology, By Distribution Channel” has been added to from ResearchAndMarkets.com offer.
This report provides strategists, marketers, and senior management with the critical information they need to assess the global Home Laundry Equipment market emerging from the COVID-19 lockdown.
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Where is the largest and fastest growing market for home laundry equipment? What is the relationship between the market and the overall economy, demographics and other similar markets? What forces will shape the market in the future? The publisher’s Global Home Laundry Equipment Market Report answers all these questions and more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces historical and forecast market growth by geography. It places the market in the context of the broader household laundry equipment market and compares it to other markets.
- The market characteristics section of the report defines and explains the market
- The market size section gives the market size (in billions of dollars) covering both historical market growth, impact of COVID-19 virus and forecast of its recovery
- Market segmentations break down the market into submarkets
- The regional and country breakdowns section gives an analysis of the market in each geography and the market size by geography and compares their historical and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, major developed countries and major emerging markets
- The competitive landscape gives a description of the competitive nature of the market, market shares and a description of the major companies. The main financial transactions that have shaped the market in recent years are identified
- The trends and strategies section analyzes the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers
- The Household Laundry Equipment market section of the report provides context. It compares the household laundry equipment market with other segments of the household laundry equipment market by size and growth, historical and forecast.
Major players in the home laundry equipment market include LG Electronics, Whirlpool Corporation, Haier Corporation, Electrolux AB, Panasonic Corporation, BSH Home Appliances Group, Haier Group Corporation, Miele, Siemens AG, Toshiba Corporation, and General Electric Company.
The global household laundry equipment market is expected to grow from USD 101.43 billion in 2021 to USD 110.84 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $150.93 billion in 2026 at a CAGR of 8.0%.
The household laundry equipment market consists of revenue generated by entities (organizations, sole proprietorships, or partnerships) that engage in the design, manufacture, and sale of household laundry equipment. The market also includes sales of household-type laundry equipment, including washing machines, dryers, ironers and other laundry equipment.
The main types of household laundry equipment are washing machines, ironers, dryers and other household laundry equipment. A washing machine is a machine that is used to wash clothes without physical effort. The technologies used are automatic, semi-automatic/manual and others. Household laundry equipment is distributed through direct sales, retail, e-commerce and other channels.
Asia-Pacific was the largest region in the home laundry equipment market in 2021. Western Europe was the second largest region in the home laundry equipment market. Regions covered in Household Laundry Equipment Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rapid urbanization is expected to contribute to the growth of household laundry equipment over the forecast period. Globally, the percentage of the population living in urban areas is projected to increase from 56.2% in 2020 to 68% by 2050. Urban population growth, coupled with rising disposable incomes and affordability for city dwellers, will drive the demand for household laundry equipment.
Growing demand for on-demand online laundry services is expected to restrain the home laundry equipment market over the forecast period. The on-demand laundry services market is expected to be supported by stable economic growth forecasts in many developed and developing countries. The International Monetary Fund (IMF) forecasts that global real GDP growth will be 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. In addition, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast. period. For example, China is expected to register GDP growth of 6.2% in 2019. Steady economic growth, increasing internet penetration and increasing disposable income, coupled with a hectic lifestyle, will lead to an increase in services on-demand laundry, thereby limiting the growth of the household washing machine market.
Home laundry equipment manufacturers are increasingly producing energy efficient products to reduce the carbon footprint and save energy for consumers. The rise of energy-efficient appliances can be attributed to strict government regulations on home appliances and technological advancements. Energy-efficient devices are designed to use minimal energy to accomplish the required task. Currently, more than 80 countries have standards and labels for energy efficient appliances. For example, in the United States, ENERGY STAR certified washing machines use 25% less energy and 33% less water than a standard washing machine.
Main topics covered:
2. Household Laundry Equipment Market Features
3. Household Laundry Equipment Market Trends and Strategies
4. Impact of COVID-19 on Household Laundry Equipment
5. Household Laundry Equipment Market Size and Growth
5.1. Global historic household laundry equipment market, 2016-2021, in billion USD
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Household Laundry Equipment Market Forecast, 2021-2026F, 2031F, USD Billion
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Household Laundry Equipment Market Segmentation
6.1. Global Household Laundry Equipment Market, Segmentation by Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD
- Washing machine
- Others – Home Laundry Equipment
6.2. Global Household Laundry Equipment Market, Segmentation by Technology, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD
6.3. Global Household Laundry Equipment Market, Segmentation by Distribution Channel, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD
- Direct sale
7. Regional and Country Analysis of Household Laundry Equipment Market
7.1. Global Household Laundry Equipment Market, Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global home laundry equipment market, split by country, historical and forecast, 2016-2021, 2021-2026F, 2031F, in USD billion
For more information about this report visit https://www.researchandmarkets.com/r/w9md0p
Global home laundry equipment market