What is the global market size of Washing Machine Market?

Washing Machine Market size was valued at USD 55.18 billion in 2021 and is poised to grow from USD 58.21 billion in 2022 to USD 94.26 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Washing Machine Market?

Whirlpool Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., and Electrolux AB are among the major industry participants. New product launches and investment in supply chain management are two significant tactics used by industry participants. Furthermore, manufacturers are working on building comprehensive distribution networks in order to expand their consumer base. 'Whirlpool Corporation', 'LG Electronics Inc.', 'Samsung Electronics Co. Ltd.', 'Haier Group Corporation', 'Electrolux AB', 'Panasonic Corporation', 'Robert Bosch GmbH', 'Midea Group Co. Ltd.', 'Toshiba Corporation', 'Qingdao Hisense Electric Co. Ltd.', 'GE Appliances (a subsidiary of Haier Group Corporation)', 'Siemens AG', 'Arçelik A.S.', 'Sharp Corporation', 'Groupe SEB (a parent company of Gorenje Group)', 'Vestel Ticaret A.S.', 'Candy Hoover Group S.r.l. (a subsidiary of Haier Group Corporation)', 'Daewoo Electronics Corporation', 'Indesit Company (a subsidiary of Whirlpool Corporation)', 'SANYO Electric Co. Ltd.'

What is the key driver of Global Washing Machine Market?

Rising increased growth in the apparel and fashion industry to support demand.

Top Washing Machine Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Washing Machine Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Washing Machine industry players.

Washing Machine Market Competitive Landscape

Washing Machine market Top Players Company Profiles

Whirlpool Corporation
LG Electronics Inc.
Samsung Electronics Co. Ltd.
Haier Group Corporation
Electrolux AB
Panasonic Corporation
Robert Bosch GmbH
Midea Group Co. Ltd.
Toshiba Corporation
Qingdao Hisense Electric Co. Ltd.
GE Appliances (a subsidiary of Haier Group Corporation)
Siemens AG
Arçelik A.S.
Sharp Corporation
Groupe SEB (a parent company of Gorenje Group)
Vestel Ticaret A.S.
Candy Hoover Group S.r.l. (a subsidiary of Haier Group Corporation)
Daewoo Electronics Corporation
Indesit Company (a subsidiary of Whirlpool Corporation)
SANYO Electric Co. Ltd.

Washing Machine market Recent Development

In May 2022, Samsung announced the launch of its 2022 range of artificial intelligence enabled bi-lingual AI EcoBubble fully automatic front load washing machines. The new line-up comes with all new AI Wash feature for an effortless laundry experience and larger capacity models going up to 12 kg, as consumers shift their preference to bigger washing machines.
In April 2022, LG Electronics unveiled its new 2022 Home Appliances lineup, which includes a variety of Smart Home Appliances. The latest goods raise the bar with sophisticated designs to move to a premium lifestyle, raising the bar with the new portfolio. New Stunningly Stylish Refrigerators - InstaView Door-in-DoorTM and Frost Free Refrigerators, AI Direct Drive Washing Machines, PuricareTM Wearable Air Purifier, VIRAAT Air Conditioners, UV+UF Water Purifiers, and a new variety of Charcoal Microwaves are part of the 2022 lineup.

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FAQs

Washing Machine Market size was valued at USD 63.8 Billion in 2024 and is poised to grow from USD 67.5 Billion in 2025 to USD 105.97 Billion by 2033, growing at a CAGR of 5.8% during the forecast period (2026–2033).

Whirlpool Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., and Electrolux AB are among the major industry participants. New product launches and investment in supply chain management are two significant tactics used by industry participants. Furthermore, manufacturers are working on building comprehensive distribution networks in order to expand their consumer base. 'Whirlpool Corporation (US)', 'LG Electronics (South Korea) ', 'Samsung Electronics (South Korea) ', 'Haier (China) ', 'BSH Hausgerate GmbH (Germany) ', 'Electrolux (Sweden) ', 'Midea Group (China) ', 'Panasonic Corporation (Japan) ', 'Toshiba Corporation (Japan) ', 'Hitachi, Ltd. (Japan) ', 'Godrej Appliances (India) ', 'IFB Industries Ltd (India) ', 'Voltas Limited (India) ', 'Arcelik (Turkey) ', 'Vestel (Turkey) ', 'Candy Hoover Group (China) ', 'Hisense (China) ', 'Fisher & Paykel (New Zealand) ', 'Miele (Germany) ', 'Smeg (Italy)'

The increased consumption of clothes and fashion garments will increase the need for washing machines, boosting market growth. For example, according to World Bank.Org data issued in September 2019, worldwide garment consumption would climb from 62 million metric tons in 2019 to 102 million tons in ten years. Furthermore, the use of appealing marketing methods by apparel and fashion firms, such as buy one get one free, seasonal discount, gift cards, and others, has helped boost consumption.

IoT Technology integration in washing machines is a major trend in the washing machine market that is likely to favour the market growth. The growth of science and technology has resulted in a greater use of IoT technologies in washing machines. This technology will simplify the washing process by monitoring, alerting, and controlling the machine via intelligent devices. In September 2018, for example, Haier announced the introduction of its smart laundry services in New Delhi, India. This launch includes IoT washing machines that are cloud-connected and can be handled separately via an app on a smartphone device.

In 2021, the Asia Pacific washing machine industry accounted for more than 40% of total revenue. The increasing penetration of these products in the Chinese market can be linked to the expansion. The rapidly growing middle-class population, as well as rising demand for fully automatic and smart linked washing machines from emerging markets such as Indonesia, India, and Vietnam, are expected to contribute to regional demand. The growing demand for energy-efficient gadgets in the United States is boosting the market for washing machines in North America. The increased awareness of ENERGY STAR certified items is fueling growth in the United States. Furthermore, the regional market is expected to increase significantly due to the necessity to replace traditional machinery with smart linked devices.

Top Washing Machine Companies

Washing Machine Market Competitive Landscape

FAQs

What is the global market size of Washing Machine Market?

Who are the key vendors in the Washing Machine Market?

What is the key driver of Washing Machine Market?

What is the key market trend for Washing Machine Market?

Which region accounted for the largest share in Washing Machine Market?

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