Global Home Laundry Equipment Market Report 2022 by The Business Research Company: Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, March 8, 2022 /EINPresswire.com/ — According to “Global Household Laundry Equipment Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the Household Laundry Equipment market size is expected to grow from $101.43 billion in 2021 to $110.84 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The growth of the market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and closure of business activities which resulted in operational challenges. According to TBRC’s Home Laundry Equipment Market Outlook, the market is expected to reach $150.93 billion in 2026 with a CAGR of 8.0%. Rapid urbanization is expected to contribute to the growth of the household laundry equipment market over the forecast period.
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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.
Global Household Laundry Equipment Market Trends
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.
Segments of the global household laundry equipment market
The global household laundry equipment market is segmented:
By type: Washing machines, Ironers, Dryers, Others
By technology: automatic, semi-automatic/manual, others
By distribution channel: direct sales, retail, e-commerce, other
By Geography: The global home laundry market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
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The Global Household Laundry Equipment Market Report 2022 is part of a series of new reports by The Business Research Company that provides global household laundry equipment market overview, size and forecast analysis and forecasts. Market Growth for Global Household Laundry Equipment Market, Household Laundry Equipment Market Share, Global Household Laundry Equipment Market Segments & Geographies, Global Household Laundry Equipment Market Players, revenue, profiles and market shares of the main competitors in the global household laundry equipment market. The Global Household Laundry Equipment Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Home Laundry Equipment Market 2022 report includes insights into the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: 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.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with detailed analysis of the impact of COVID-19 on various markets.