Reports and Data published a new report titled Global Washing Machine Market research report that delivers a close watch on changing market trends as well as the size of individual segments, and overall industry outlook. The detailed elaboration of the global Washing Machine market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.
The global washing machine market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Rapid urbanization, rising disposable income, and improvements in rural electrification are all key drivers driving market revenue growth. Availability of affordable washing machines and technological improvements.
Washing machine is a device that allows you to wash various clothing without exerting any physical effort. A washing machine works by spinning the clothing at a high speed, creating centrifugal force that removes water and debris from laundry. This machine automatically measures amount of water and detergent needed as well as setting the timer for washing, rinsing, and drying according to the selected mode and number of clothing.
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Market Abstract:
Fast-moving consumer goods (FMCG) industry has witnessed a massive surge in demand over the recent past owing to rising disposable income level, launch of advanced and innovative products, growing demand for household and personal care products, healthcare products, and food beverages. Growing consumer inclination towards packaged foods due to increasing lifestyle changes and rapid integration of convenience stores and doorstep delivery has contributed significantly to the revenue growth of the market. FMCGs or consumer goods are frequently purchased, have lower prices, short shelf life, and are consumed rapidly. Consumer preference has shifted to local purchases which has increased promotional efforts by the government and key companies to generate brand awareness in hard-to-reach areas.
The report further discusses in detail the strategic initiatives undertaken by key companies such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches, and brand promotions to gain a robust footing in the market. Key companies operating in the market are profiled on the basis of company overview, financial standing, global and regional market position, production and manufacturing capacity, gross profit margins, and business expansion plans.
Key Companies Profiled in the Report:
- SAMSUNG GROUP
- LG ELECTRONICS INC
- SIEMENS AG
- HAIER GROUP CORPORATION
- AB ELECTROLUX
- WHIRLPOOL CORPORATION
- ROBERT BOSCH GMBH
- MIELE AND CIE. KG
- PANASONIC CORPORATION
- GE APPLIANCES
The report studies the consumption patterns of the regions mentioned along with the estimation of the increase in the consumption rate throughout the forecast period. It further discusses export/import, consumer demand, key trends, regulatory framework, macro- and micro-economic factors and presence of key players in each region. Regional analysis section also covers country-wise analysis to offer better understanding of the market.
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Regional Analysis Covers:
- North America (United States, Canada, Mexico)
- Asia Pacific (China, Japan, South Korea, India, Australia, New Zealand, Rest of APAC)
- Latin America (Brazil, Chile, Peru, Argentina, Rest of Latin America)
- Europe (U.K., France, Italy, Spain, Rest of Europe)
- Middle East Africa (U.A.E., Saudi Arabia, South Africa, Rest of MEA)
Washing Machine Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Fully Automatic
- Semi-Automatic
- Dryer
Capacity Outlook (Revenue, USD Billion; 2018-2028)
- Below 6 Kg
- Between 6-8 Kg
- 8 Kg and Above
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Commercial
- Residential
Key Points Covered in the Report:
- Comprehensive analysis of latest and emerging trends influencing the growth of the market
- SWOT analysis of each major market player along with in-depth analysis of major market players with detailed portfolio of their products, production capacity, revenue estimation, and gross margin
- Market concentration, production and consumption ratio, demand supply analysis, and import/export
- Strategic recommendations to the new entrants as well as established companies to make beneficial business decisions
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