Major players operating in the washing machine market include:
Samsung Electronics
Haier Group
LG Electronics
Bosch
Whirlpool
Electrolux AB
Panasonic Corp.,
Toshiba.
Authors:
Avinash Singh, Sunita Singh
Frequently Asked Questions (FAQ) :
Global market size for washing machine was USD 65.8 billion in 2022 and will record over 4% CAGR from 2023 to 2032 owing to rapid urbanization and higher disposable incomes across the developed economies
Front load washing machine industry share was USD 42.5 billion in 2022 and will expand through 2032 due to their robust ability of handling delicate fabrics
The residential application segment was USD 41.5 billion in 2022 and is projected to grow by 2032 driven by the rising consumer inclination towards smart home automation.
Asia Pacific recorded 50% share of the market in 2022 and will witness expansion through 2032 driven by rapid urbanization, growing middle-class population, and rising disposable income levels