What is Home Laundry Appliances Market Scope?
The global Home Laundry Appliances market is expected to witness high demand in the forecasting period due to advancements and innovations in the products. Home Laundry Appliances include various products such as washing machines, dryers, electronic smoothing irons, and many others. Laundry appliances are those devices that are used to clean clothes and textiles. The growth of the laundry appliances market is fuelled by factors such as rising number of middle-class populations which can afford washing machine and dryers, increased disposable income, changing lifestyle and increased level of standard of living.
The Home Laundry Appliances market study is being classified by Type (Freestanding and Built in) and major geographies with country level break-up. According to AMA, the Global Home Laundry Appliances market is expected to see growth rate of 3.2%
The global home laundry appliances market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. Research Analyst at AMA predicts that Vendors from European will contribute to the maximum growth of Global Home Laundry Appliances market throughout the predicted period.
Godrej (India), Midea Group (China), Electrolux (Sweden), Haier lnc. (China), Koninklijke Philips N.V. (Netherlands), Hitachi Appliances, Inc. (Japan), SAMSUNG (South Korea), Whirlpool Corporation (United States), IFB Industries Limited (India) and LG Electronics (South Korea) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BSH Home Appliances Group (Germany), Miele & Cie. KG (Germany), SHARP CORPORATION (Japan) and Panasonic Corporation (Japan).
Analyst at AMA have segmented the market study of Global Home Laundry Appliances market by Type, Application and Region.
On the basis of geography, the market of Home Laundry Appliances has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In January 2019, SAMSUNG announced the launch of consumer home appliances integrated with “Bixby” SAMSUNG’s voice assistant at the CES 2019 held in Las Vegas, United States. With the integration of its smart voice assistant, users can organize and schedule the washing periods. “Bixby” also suggests the washing pattern according to the load and color patterns.
Influencing Market Trend
- High demand due to rising disposable income and changing lifestyles of people across continents
- The Increasing Number of innovations and advancements in the technologies utilized resulting in effective and advanced product offerings
- The growing number of working women population
- The growing scarcity of water across the globe is compelling manufactures to devise products with technology that minimizes the use of water
- The rising concerns regarding water and energy saving resulting in adoption of environmental friendly substitutes
- The Issue related to rising price competition globally
Key Target AudienceManufacturer, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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