19-aug-19 The global residential washing machine market size is expected to reach USD 22.55 billion by 2025, according to a new report. It is projected to register a CAGR of 6.1% during the forecast period. Rising standard of living coupled with the rapid urbanization across the globe is expected to drive the growth. Moreover, significant improvement of electricity infrastructure in developing countries including India, Indonesia, and China is expected to further fuel the product demand.
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The market for fully automatic washing machines is expected to register the fastest CAGR of 6.3% from 2019 to 2025 owing to the ease of operation, high energy efficiency, and less water consumption and drying times. Major manufacturers including Samsung Electronics Co. Ltd.; Whirlpool Corporation; and LG Electronics Inc. are introducing latest technologies such as Internet of Things (IoT) to gain competitive edge in the market. For instance, in February 2018, Samsung Electronics Co. Ltd. announced to introduce smart washing machine featuring the Bixby AI interface. The introduction of Artificial Intelligence (AI) in the washing machines will change the industry as it will offer an extended ease of operation to the consumers and will fuel the market growth over the forecast period.
Over the past few years, the major players have adopted marketing strategies including expansion of production capacity, innovative product launch, introduction of latest technologies, and mergers and acquisitions to cater to the increasing demand for washing machines in the region. For instance, in June 2018, Godrej Appliances, an India based home appliances manufacturer inaugurated its new facility at Mohali, India, with a production capacity of four to six lakh units per year. In addition, in January 2018, LG Electronics Inc. launched 'Wi-Fi Inverter' washing machines in Sri Lanka. The product is equipped with Wi-Fi technology and energy-efficient features.
Further key findings from the report suggest:
• Asia Pacific is projected to witness the fastest CAGR of 6.4% from 2019 to 2025
• The revenue from fully automatic product forms is expected to exceed USD 10 billion by the end of 2025
• Washing machines with 6 to 8 kg load capacity is expected to remain the dominant segment, accounting for more than 45% of the global market share by the end of 2025
• Key players in the residential washing machine market include Whirlpool Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., IFB Industries Ltd., AB Electrolux, GE Appliances, Haier Group Corporation, BSH Home Appliances Group, Siemens AG, Panasonic Corporation, and Midea Group
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
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Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Residential Washing Machine Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
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A good percentage of people prefer LG over various other brands, and there are reasons.
For a perfect wash and all your laundry needs in one machine, you need a washing machine that fulfills all your laundry needs without any complaints.
The LG-designed best washing machines in India are the best ones on the market when it comes to features, longevity, price, and performance.
You can explore a wide range of collections with LG.
Once you make an investment, you can use it till you finally feel it is time for a new and enhanced LG product.
You find the perfect value for money as you don’t have to rush to the store every year to replace or exchange your model.
Now you no need to spend so many hours on the internet and find a washing machine as per your need.Here we will focus on almost every point that you need to consider before buying an front load washing machine.Basically front load washing machine is a fully automatic washing machine and once you start then you no need to do anything in the middle of the process.
You will get ready to wear clothes after washing and drying process done.Here we will not only discuss the considerable points but also tell you some important must have features.
If you are single or just a couple then you need to buy only 6-7 kg washing machine.If you have 3 to 4 members in your family then you can go with 7-8 kg washing machine.But in case if you have 5 or more than 5 members then you will have you choose a best front load washing machine with capacity of 8+ Kg.
But if you have the big size drum then there is easier to move the clothes and hence you will get the best washing results.Inbuilt Heater: Most of the front load washing machines come with an inbuilt heater.
The warm water helps to remove the tough stains from the cloths.Make sure to not use hot water during the washing process.
The hot water may damage your washing machine.
Most important domestic home equipment like the washing machine is tough to stay without, even for some days.Many the front variety owners jump to the understanding that they must rush right down to the closest appliances shop for a substitute as soon as something seems amiss with their contemporary washing machine.
Here are a number of the benefits of repairing your vintage home washing machine instead of buying a new one, even if it's on sale!1.
Repairing Saves You MoneyYou would possibly agree that the fee of repairing an old home appliance like a washing machine may be excessively sufficient to justify spending that money as on an alternative washing machine.
The cost of repairing vintage home equipment is typically only a fragment of what you spend on a modern-day washing machine.So, if you’re looking to save some bucks or are on a tight budget, exploring alternatives for washing machine maintenance has to be your first prevent.
And, in case you want to update your appliance in the destiny, having your current unit within the fine running condition feasible offers you a greater time to keep for the refrigerator, range, or washer and dryer of your desires.One factor to be aware, if you decide to upgrade your washing machine is to make certain you take into account any hidden charges you might come across.
These include having to improve wiring, fittings, or systems in your property, editing cabinets to suit your alternative within the current area, and the cost to properly remove an old appliance.
Washing machines are one of the most important appliances in today’s life.
Especially for the working folks out there, it is very tough to washcloths all by themselves.
But all thanks to the modern-day technology that it has given the world the gift of the washing machines.
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