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Washing Machine Market Share

Report ID: GMI6386
Published Date: Sep 2024
Report Format: PDF

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Washing Machine Market Share

Washing Machine Market Company Share Analysis (2023)

The market is fragmented, with prominent players holding a market share of 1%-5% of the total market share. Companies aim to capture market share by appealing to diverse consumer preferences, from those seeking basic functionality to those interested in high-tech styling solutions. Additionally, brands are leveraging digital marketing and e-commerce channels to reach a broader audience, while also focusing on sustainability and quality to enhance their market positioning in a competitive and fragmented landscape.

Washing Machine Market Companies

Major players operating in the washing machine industry include:

AB Electrolux
Arcelia A.?.
BSH Hausgeräte GmbH
GE Appliances, a Haier company
Haier Group Corporation
Hitachi, Ltd.
IFB Industries Limited
LG Electronics Inc.
Midea Group Co., Ltd.
Panasonic Holdings Corporation
Samsung Electronics Co., Ltd.
Sharp Corporation
Siemens AG
TCL Technology Group Corporation
Whirlpool Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The washing machine market was valued at approximately USD 58.4 billion in 2023 and is anticipated to register a CAGR of 5.5% between 2024 and 2032, driven by the introduction of smart technologies and energy-efficient designs.

The automatic segment dominated the market in 2023, generating around USD 35.6 billion and expected to grow at a CAGR of 5.6% during the forecast period due to their ease of use, time-saving capabilities, and various wash options.

The offline segment led the market in 2023, holding a 73.1% share, as consumers prefer the in-person shopping experience for such significant purchases.

Asia Pacific region accounted for approximately 38.4% of the total market share in 2023, driven by urbanization, rising incomes, and changing lifestyles.