Washing Machine Market Size - By Type (Glass Door, Sheet Door [PCM, VCM]), By Product (Front Load, Top Load), By Technology (Automatic, Semi-automatic), By Capacity (Below 8 KG, Above 8 KG), By Distribution, Application, & Global Forecast 2023 - 2032

Washing Machine Market Size

Washing Machine Market was valued at USD 65.8 Billion in 2022 and is anticipated to register a CAGR of over 4% by 2032 due to rapid urbanization and rising disposable income across both developed economies.
 

According to UNFPA facts and figures, more than half of the world’s population now lives in urban areas, and this number will surge to about 5 billion by 2030. On the other hand, as per TAKE-PROFIT.ORG, Disposable Personal Income in India rose to USD 3318.931 Billion in 2022.
 

The increasing urban population and rising income levels in many regions have resulted in higher consumer spending on appliances, including washing machines. Besides, the expansion of the middle-class population in emerging economies translated into a larger customer base for washing machine manufacturers.
 

According to the U.S. Census Bureau of the Department of Commerce, the e-commerce estimates in the Q1 2023 recorded a 7.8% growth from Q1 2022, while total retail sales rose 3.4% in the same period. In Q1 2023, E-commerce sales accounted for 15.1% of total sales. 
 

However, changes in lifestyle and preferences, such as the rise of minimalist living or an increasing focus on sustainable practices, might impact the demand for washing machines.
 

COVID-19 Impact

The COVID-19 pandemic had a negative impact on the industry. As the pandemic progressed and economic uncertainties emerged, consumer spending on non-essential items, including appliances like washing machines, faced challenges. The market experienced fluctuations in demand and supply chain disruptions due to lockdowns and restrictions.
 

Washing Machine Market Trends

Sales promotions, discounts, and attractive financing options by manufacturers and retailers played a role in encouraging washing machine purchases. For instance, Samsung is offering a free set of detergent with the purchase of select washing machines through September 30, 2023. Similarly, GE is offering a buy-one-get-one-free promotion on select washing machines through November 30, 2023. Besides, innovations in washing machine technology, such as energy efficiency, smart features, and advanced washing modes, enticed consumers to upgrade their older models. For example, Load-sensing technology senses the weight of the laundry load and adjusts the water and energy usage accordingly. This can save up to 30% on energy costs.
 

Washing Machine Market Analysis

Based on product, the washing machine market is divided into front load and top load. The front load segment held around USD 42.5 billion in market revenue in 2022. Front-load washing machines are known for their superior performance and efficiency in cleaning clothes. They use less water and energy compared to top-load machines, making them more environmentally friendly and cost-effective in the long run. Front-load washers are gentler on clothes, reducing wear and tear, and are suitable for handling delicate fabrics. Additionally, their sleek and modern design adds to their appeal, making them a preferred choice for modern homes.
 

Based on application, the washing machine market is categorized into commercial and residential. The residential segment held around USD 41.5 billion in market revenue in 2022. The demand for washing machines in residential applications is driven by the increasing consumer inclination towards smart home automation. The smart washing machines are integrated with AI, IoT, and other technologies. The washing machines offers convenience and time-saving benefits compared to manual handwashing, attracting busy households. The increasing urbanization and rising disposable income levels in many regions have led to higher consumer spending on home appliances. The COVID-19 pandemic also heightened the importance of hygiene and cleanliness, resulting in increased demand for washing machines to maintain sanitation.
 

Asia Pacific washing machine market held around 50% market share in 2022. The region's rapid urbanization, growing middle-class population, and rising disposable income levels have led to increased consumer spending on household appliances. Additionally, the adoption of Western lifestyles and the preference for modern conveniences contribute to the growing demand for washing machines. During the COVID-19 pandemic, heightened hygiene awareness further boosted sales, as consumers sought efficient laundry solutions.
 

Washing Machine Market Share

Major players operating in the washing machine market include:

• Samsung Electronics
• Haier Group
• LG Electronics
• Bosch 
• Whirlpool
• Electrolux AB
• Panasonic Corp.,
• Toshiba.
   

Washing Machine Industry News: 

• In July 2022, Samsung Electronics launched the Bespoke AI Washer and Dryer, which features its sustainable, efficient, and intelligent washer & dryer. With its spacious capacity and compact design, this dynamic duo offers powerful & dependable performance, resulting in significant energy, resource, and cost savings for users.
   
• In September 2022, Panasonic introduced an expanded lineup of washing machines, featuring a new range of truly smart washing machines. These cutting-edge appliances come equipped with app control, Wi-Fi connectivity, and other advanced connectivity options, allowing users to enjoy seamless & convenient laundry management.
   

The washing machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) and shipment (Thousand Units) from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report

By Type, 2018 – 2032

• Glass door
• Sheet door
  • PCM
  • VCM

By Product, 2018 – 2032

• Top load
• Front load

By Technology, 2018 – 2032

• Automatic
• Semi-automatic
• Above 8 KG

By Capacity, 2018 – 2032

• Below 8 KG
• Above 8 KG

By Distribution channel, 2018 – 2032

• Online
• Offline

By Application, 2018 – 2032

• Residential
• Commercial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Australia
  • Japan
  • South Korea 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • South Africa
  • Saudi Arabia