The Washing Machine Market in US is being driven by Product innovation leading to portfolio extension and product premiumization
The Washing Machine Market in US is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1783.5 million. The washing machine market in the US has experienced significant innovation, with the emergence of portable washing machines gaining considerable traction. These compact devices, weighing as little as 43 lbs, offer a convenient solution for washing clothes and laundry on-the-go. Portable washing machines' smaller size and ease of transportability make them an excellent choice for camping, trekking, and road trips. Additionally, some models do not require electricity and consume minimal detergent, further enhancing their appeal. The integration of advanced technologies, such as pocket washing machines, has intensified competition within the market, providing consumers with a wider range of options to suit their unique needs.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
Market growth 2025-2029 |
USD 1783.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.8 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the US market, washing machines offer various features such as child locks, steam functions, and stain removal for efficient and hygienic laundry practices. Large families benefit from large capacity machines, while energy-efficient and sustainable laundry solutions cater to environmental responsibility trends. Commercial laundry equipment and textile cleaning solutions are also available for businesses. Smart laundry solutions, including automated and time-saving features, self-cleaning appliances, and water conservation technologies, optimize laundry services. Energy-saving washing machines and greenwashing practices are essential for cost-effective and sustainable living. Space-saving designs and energy efficiency standards ensure laundry is convenient and eco-friendly. Laundry products complete the laundry ecosystem.
The US washing machine market is a significant segment of the global major household appliances industry. This market caters to the demand for laundry cleaning solutions, primarily focusing on low-cost, energy-efficient models. Notable trends include 2-in-1 removable agitators and full automatic washing machines. Technological upgrades, such as the Whirlpool app and customizable laundry routines, cater to consumers' evolving needs. The market also addresses the needs of customers with chronic back pain through ergonomic designs. With the increasing shift towards e-commerce, marketplaces play a crucial role in expanding the customer base and ensuring seamless sales transactions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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