What Fueled The Previous Growth In The Household Laundry Equipment Market?
The household laundry equipment market has seen considerable growth due to a variety of factors.
• Sizable growth has been observed in the market for household laundry equipment in recent years. An expected surge from $110.52 billion in 2024 to $117.47 billion in 2025 presents a compound annual growth rate (CAGR) of 6.3%.
This significant increase during the historic period may be a result of factors like the rise in household electrification, modifications in consumer lifestyles, urbanization, reduction in living areas, an increase in the number of separate families globally, and a heightened awareness around energy conservation.
What Can Be Expected from the Household Laundry Equipment Market Size?
The household laundry equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the household laundry equipment market to experience consistent growth in the forthcoming years, potentially reaching a value of $142.08 billion by 2029, with an anticipated compound annual growth rate (CAGR) of 4.9%.
Factors contributing to this projected growth within the forecast period include the proliferation of smart and connected appliances, energy efficiency and sustainability practices, developments in health and hygiene norms, urbanization and the challenges of limited space, and the advent of laundry automation. Front-load washing machines, washer-dryer combinations, applications for smart laundry, quicker and more effective cycles, and laundry sanitization functions are expected to be primary trends throughout the forecast duration.
What Are the Critical Driver Fuelling The Household Laundry Equipment Market's Growth?
The anticipated expansion of household laundry equipment is predicted to be fuelled by swift urbanization in the forecast timeline. For instance, the World Economic Forum, an independent international organization from Switzerland stated in April 2022, that over 4.3 billion people, equivalent to 55% of the global population, resided in urban environments. This figure is projected to surge to 80% by 2050. The escalating urban populace combined with an increase in disposable income and affordability among city dwellers, is expected to enhance the demand for household laundry equipment.
How Is The Household Laundry Equipment Market segmented?
The household laundry equipment market covered in this report is segmented –
1) By Type: Washing Machines, Ironers, Dryers, Others - Household Laundry Equipment
2) By Technology: Automatic, Semi-Automatic/ Manual, Other Technologies
3) By Distribution Channel: Direct Selling, Retail, E-commerce, Other Distribution Channels
Subsegments:
1) By Washing Machines: Front-Load Washers, Top-Load Washers, Washer-Dryer Combos
2) By Ironers: Roller Ironers, Flatbed Ironers
3) By Dryers: Vented Dryers, Condenser Dryers, Heat Pump Dryers
4) By Others- Household Laundry Equipment: Steamers, Laundry Tubs, Fabric Softeners
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What Trends Are Reshaping The Future Of The Household Laundry Equipment Market?
Manufacturers of household laundry apparatus are progressively focusing on creating energy-efficient products to diminish carbon emissions and facilitate energy conservation for users. The increasing popularity of energy-saving appliances is largely due to strict government rules on electric domestic appliances and technological advancements. These energy-efficient appliances are engineered to consume the lowest possible energy to accomplish the needed task. At present, more than 80 nations have set standards and labels for these energy-saving appliances. Taking the USA as an example, washing machines with an Energy Star certification consume 25% less energy and 33% less water compared to a regular washing machine.
Who Are the Key Players In The Household Laundry Equipment Market?
Major companies operating in the household laundry equipment market include:
• LG Electronics
• Whirlpool Corporation
• Haier Corporation
• Electrolux AB
• Panasonic Corporation
• BSH Home Appliances Group
• Miele
• Siemens AG
• Toshiba Corporation
• General Electric Company
• Hisense Co. Ltd.
• Hitachi Ltd
• Koninklijke Philips
• Hamilton Beach
• Groupe SEB
• Joy Mangano
• Kenmore
• HAAN
• Conair
• Fridja
• CUORI ELECTRICAL APPLIANCES
• Jiffy Steamer
• Sears
• Asko
• Smeg
• Flyco
• Samsung
• Electrolux
• Robert Bosch
• Fisher & Paykel
• Maytag
• Amana
• Speed Queen
• Indesit Company
• Candy Group
• Ariston Thermo Group
• Beko
• Gorenje
• Hisense
• Sharp Corporation
• Vestel
• Dexter Laundry
• Girbau
• Schulthess Maschinen AG
• Alliance Laundry Holdings LLC
What Is The Most Dominant Region In The Household Laundry Equipment Market?
Asia-Pacific was the largest region in the household laundry equipment market in 2023. Western Europe was the second-largest region in the household laundry equipment market. The regions covered in the household laundry equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
