New washing machine features including a huge capacity, quick spin rates, high energy consumption, and digital displays offer comfort and improve user experiences. The worldwide home domestic laundry appliances market is further boosted by the inclusion of such novel features in laundry appliances.
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One of the main elements influencing the market growth for residential domestic laundry appliances market is an increase in clothing purchases. People want to buy more garments and keep them clean and safe as their income levels rise; as a result, they are investing more in various domestic laundry appliances. This is one of the main elements driving the market for residential laundry equipment globally.
The demand of domestic laundry appliances is seen more in urban market especially in high-tier cities. Growing investment over research and development on various domestic laundry appliances and introduction of innovative technology further helps in the growth of domestic laundry appliances market. Growing urbanization and product upgrading are also some of the important issue for growth of global domestic laundry appliances market.
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Countries such as Bolivia, Japan, Tanzania, and Vietnam are considered the highest potential markets and it is expected to witness fastest growth rates in global domestic laundry appliances market during forecasted period 2014- 2020. Europe, Germany, Italy, Russia, Turkey and United Kingdom account the major market share for domestic laundry appliances. The global domestic laundry appliances market is expected to grow in a single digit growth rate during forecasted period 2014- 2020.
Some of the major companies operating in global domestic laundry appliances market are Sears Holdings Corp, Whirlpool Corp, GD Midea Holding Co Ltd, Haier Group, Bosch, Al Ghandi Electronics, LG Electronics, Miele & Cie KG, Electrolux, Hitachi Appliances In, Panasonic Corp, Godrej & Boyce Mfg Co Ltd, Manar SA, Fagor Electrodomésticos S Coop, Fisher & Paykel Appliances Limited, BC Hydro and Siemens and BSH Home Appliances Ltd.
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Key geographies evaluated in this report are:
North America
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- US
- Canada
Europe
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- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- CIS
APAC
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- China
- India
- Japan
- Australia
- Others
Latin America
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- Argentina
- Brazil
- Others
Key features of this report
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- Drivers, restraints, and challenges shaping the Domestic Laundry Appliances market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Domestic Laundry Appliances market estimates and forecasts(2015 -2021)
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