Global Washing Machines Market Trends And Strategies Of Major Players In The Washing Machines Market 2021-2030

The washing machine market consists of sales of washing machines. A washing machine is an appliance used to wash various types of clothes without applying any physical efforts.

Global Washing Machines Market Size And Drivers:

The global washing machines market is expected to grow from $17.27 billion in 2020 to $18.09 billion in 2021 at a compound annual growth rate (CAGR) of 4.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $21.3 billion in 2025 at a CAGR of 4%. Rapid Urbanization is expected to contribute to the growth of the washing machine market in the forecast period.

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Trends In The Global Washing Machines Market

Washing machine manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, ENERGY STAR certified washing machines use 25% less energy and 33% less water than a standard washing machine.

Global Washing Machines Market Segments:
The global washing machines market is further segmented –
By Type: Fully Automatic, Semi-Automatic, Others
By Product: Automatic, Semi-Automatic, Dryers
By Sales Channel: E-Commerce, Retail Chains, Direct Sales
By Technology: Top Load, Front Load
By Application: Residential, Commercial
By Geography: The global washing machines market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Washing Machines Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides washing machines market overviews, analyzes and forecasts market size and growth for the global washing machines market, washing machines market share, washing machines market players, washing machines market segments and geographies, washing machines market’s leading competitors’ revenues, profiles and market shares. The washing machines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.