Washing Machine Market Size, Share and Demand | Industry Forecast Analysis, 2028
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.
Major factors driving market revenue growth include increasing adoption of electronic home appliances due to rapid urbanization, economic stability, industrial growth coupled with growing demand for washing machines in residential and commercial sector. Rapidly growing population, rise in disposable incomes, and increasing spending on convenient home electronic devices are the major factors resulting in rising demand for washing machine, which in turn, is expected to drive global market growth going ahead.
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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
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)
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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