This report on washing machines market provides in depth analysis of washing machine Industry, key companies profile, supply, demand, and cost analysis across the globe over the forecast period till 2022.
Dallas, United States – December 7, 2018 —
With the slowdown in world economic growth, the Washing Machines industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Washing Machines market size to maintain the average annual growth rate of 4.62% from 29830 million $ in 2014 to 34160 million $ in 2017, Research analysts believe that in the next few years, Washing Machines market size will be further expanded, we expect that by 2022, The market size of the Washing Machines will reach 42680 million $.
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Manufacturing and consumption of residential and commercial washing machines is directly proportional to the technological advancements taking place in this industry. Electronics giants like LG, Samsung and Electrolux believe in making best use of technology emphasizing more on the user experience it provides. Talking about residential washing machines, the type of residential washing machine preferred extensively across the globe is the top load fully automatic washing machine which acquired major market share valuing around USD 34160 million in 2017. Second position was acquired by front load fully automatic.
This report on global washing machine market is gives a detailed overview of market growth, sales, profits and market segmentation. Market segmentation contains segmentation by product type, application, regional study and manufacturers. The U.S and China mostly dominate the global washing machine market. The U.S for consumption and China for manufacturing, also because of the advance technology they use. It was registered that in the U.S the brands that dominated the market were Samsung, Whirlpool and Electrolux. Also, the type top load fully automatic washing machine remains to be the most preferred one in the forecast period. The latest technologies that will also prove to be the growth factors for the steady increase of this market are twin load machines, bubble soak and bubble wash, in-built heaters, anti-vibration technologies and smart censors and controllers. Other important factors that positively affecting the growth of the global washing machine market is changes made in detergent technology and water utilization capacity of the machines.
The top players covered in the report include the following:
• Hisense Kelon
According to the types of products available in the market is segmented into the following:
• Product Type Segmentation (Drum-type washing machine, Wave-type washing machine, Agitator-type washing machine, )
• Industry Segmentation (Families, Laundry Room, Public, , )
• Channel (Direct Sales, Distributor) Segmentation
The regions covered in the global Washing Machines report include North America (US, Canada, Mexico), Europe (Germany, UK, Italy, France, Spain, Rest of Europe), Asia Pacific (Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific), South America (Argentina, Brazil, Chile, Rest of South America), and Middle East & Africa (Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa).
The global Washing Machines report covers the SWOT analysis of the Washing Machines along with key developments in the market that will be helpful for the customer. Anyone with either academic of business interest in the Washing Machines, the report will definitely by handy.
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Major Point from Table of Content:
Section 1 Washing Machines Definition
Section 2 Global Washing Machines Market Major Player Share and Market Overview
Section 3 Major Player Washing Machines Business Introduction
Section 4 Region Level
Section 5 Type Level
Section 6 Industry Level
Section 7 Channel Level
Section 8 Washing Machines Market Forecast 2018-2022
Section 9 Washing Machines Segmentation Type
Section 10 Washing Machines Segmentation Industry
Section 11 Washing Machines Cost Analysis
11.1 Technology Cost Analysis
11.2 Labor Cost Analysis
11.3 Cost Overview
Section 12 Conclusion
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This news is published on Reuters.