Washing Machine Market Size 2023-2028: Alliance Laundry Systems, Electrolux AB, GE Appliances, Girbau, Haier Inc.

According to MarkNtel Advisors study the Global Washing Machine Market is projected to grow at a CAGR of around 5.2% CAGR during 2023-28.

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The Emergence of Smart Washing Machines: A Prominent Growth Contributor to the Market

As developments are rapidly taking place to make life easier, technological innovations in washing machines are nowhere behind. Many prominent companies are indulged in numerous research & development activities, brining modern solutions with an increased usage of IoT technologies in these machines. It, in turn, demonstrate betterment in the simplicity of the washing process with features like monitoring, alerts, & control through smart devices, making it much convenient for the users to operate in their busy schedules. For instance:

• In September 2018, Haier introduced a smart laundry services in India, which offers IoT washing machines connected to the cloud. The unique feature of this innovation include the management of washing laundry separately through smart devices via applications. 

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Scope of the Report and Washing Machine Market Segmentation:

By Product

• Fully Automatic
  • Front Load
  • Top Load
• Semi-Automatic
• Dryers

By Technology

• Smart Connect
• Conventional

By Capacity

• Less than 6 kg
• 1 to 8 kg
• Above 8 kg

By End User

• Commercial
• Residential

By Sales Channel

• E-commerce
• Retail Chains

Here, capacity ranging between 6.1- 8 kg held the largest market share in the past few years. It owes to the increasing number of nuclear families & single households on account of rapid urbanization, coupled with the mounting consumer focus on electricity & water savings.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Of all regions globally, the North America Washing Machine Market is anticipated to demonstrate the fastest growth during 2023-28.

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