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Dishwasher Market Size
- Report ID: GMI8471
- Published Date: Mar 2024
- Report Format: PDF
Dishwasher Market Size
Dishwasher Market was valued at around USD 7.69 billion in 2023 and is anticipated to register a CAGR of over 5.4% between 2024 & 2032. This growth can be attributed to the growing product adoption in both commercial and residential sectors to save water, time & energy and the rise of modular kitchens & integrated dishwashers. Individuals actively participate in home décor and remodeling with a variety of white goods, such as dishwashers, owing to easy access to finance options and increased personal disposable incomes. People are replacing their outdated appliances with new smart models as a result of innovations in the home appliances industry.
Due to their low maintenance needs, stainless-steel dishwashers have become increasingly popular among consumers in recent years. Stainless steel items save energy as they require less heat to dry. Consumers are choosing items with cutting-edge features such as LED touch panels, glass protection, shine enhancers, rinse aids, and soundproofing. These innovative functionalities will increase product demand. Smart dishwashers are gaining popularity among buyers looking for products that make their lives easier. The constant advancement has greatly shortened the operating hours of kitchen appliances, aiding in the market expansion of dishwashers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Dishwasher Market Size in 2023: | USD 7.69 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 6.67 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 387 |
| Tables, Charts & Figures: | 250 |
| Segments covered: | Product type, technology, capacity, pricing, application, distribution channel, region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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With more comfortable lifestyles and increased disposable budgets, home remodeling and improvement projects are gaining traction worldwide, redefining traditional household structures. Over the last five years, homeowner equity has doubled due to the rising property values. Homeowners are more inclined to invest in remodeling their homes. Customers are rebuilding and decorating their kitchen spaces as per the latest trends, incorporating smart appliances as the kitchen is becoming a focal point in every home. Modular kitchens have gained prominence as a result of shifting social dynamics and customer preferences for technological improvements. Over the forecast period, these variables are anticipated to propel the demand for dishwashers.
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Dishwasher Market Scope
