The smart washing machine market is forecasted to grow by USD 25456.2 mn during 2023-2028, accelerating at a CAGR of 20.65% during the forecast period. The report on the smart washing machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by changes in labor force, miniaturization of sensors, and technological advances in hardware.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
15.57%
CAGR
20.65%
Incremental Value
$25456.2 mn
Technavio's smart washing machine market is segmented as below:
By Product Type
Front load
Top load
By Distribution Channel
Offline
Online
By Geographical Landscape
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the introduction of IOT-enabled washing machine and laundry services as one of the prime reasons driving the smart washing machine market growth during the next few years. Also, rise in demand for energy efficient products and inorganic and organic vendor strategic initiatives will lead to sizable demand in the market.
The report on the smart washing machine market covers the following areas:
Smart washing machine market sizing
Smart washing machine market forecast
Smart washing machine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart washing machine market vendors that include Arcelik A.S., Electrolux group, General Electric Co., Haier Smart Home Co. Ltd., Hitachi Ltd., Hwasung Washing Machine Co., IFB Industries Ltd., Lenovo Group Ltd., LG Corp., MIDEA Group Co. Ltd., Miele and Cie. KG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Siemens AG, Tata Sons Pvt. Ltd., TCL Electronics Holdings Ltd., Toshiba Corp., and Whirlpool Corp.. Also, the smart washing machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product Type
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Smart Washing Machine Market 2018 - 2022
Historic Market Size - Data Table on Global Smart Washing Machine Market 2018 - 2022 ($ million)