Residential Washing Machine Market | Market Highlights and Insights to Recovery from COVID-19
Market Forecast and Growth Projections 2021-2025

The Global residential washing machine market is expected to grow by $ 13.53 bn, accelerating at a CAGR of  5.91% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Residential Washing Machine Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The Residential Washing Machine Market is segmented by Technology (fully-automatic and semi-automatic), Product (front load and top load), Distribution Channel (offline and online), and Geography (APAC, Europe, North America, MEA, and South America).
• 53% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Residential Washing Machine Market size.

Residential Washing Machine Market: Trends, Drivers, Challenges

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• A key market driver for the Residential Washing Machine Market will be product innovation leading to portfolio extension and product premiumization.
• Another factor that will boost the market will be the Growth of online laundry market.
• Fluctuations in raw material prices and operational costs is a hurdle that needs to be crossed on the path to success.

Residential Washing Machine Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• AB Electrolux, Godrej Consumer Products Ltd., Haier Smart Home Co. Ltd., LG Electronics Inc., MIDEA GROUP, Miele and Cie. KG, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Whirlpool Corp. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 5.91%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 13.53 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Product innovation leading to portfolio extension and product premiumization will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   53% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AB Electrolux, Godrej Consumer Products Ltd., Haier Smart Home Co. Ltd., LG Electronics Inc., MIDEA GROUP, Miele and Cie. KG, Panasonic Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., and Whirlpool Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by Technology (fully-automatic and semi-automatic), Product (front load and top load), Distribution Channel (offline and online), and Geography (APAC, Europe, North America, MEA, and South America)