Dublin, May 30, 2019 (GLOBE NEWSWIRE) -- The "Global Residential Washing Machine Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The residential washing machine market will register a CAGR of almost 6% by 2023.

The growing number of working households is one of the key factors that will trigger the growth of the market during the forecast period. The female labor force participation has increased, resulting lesser time being allocated for household chores. This has led to an equivalent rise in the demand for automatic washing machines.

Moreover, change in lifestyle, rising middle-class population, an increase in the number of nuclear families, growing awareness about technology, and steadily increasing media penetration are the factors that have elevated the demand for residential washing machine.

Market Overview

Product innovation leading to portfolio extension and product premiumization

The growth in product premiumization and product line extension, coupled with the growing customer expenditure on household expenditure on household appliances, will drive the sales in the global washing machine market.

Fluctuations in raw material prices and operational costs

The fluctuating prices of raw materials pose a challenge for manufacturers operating in the household appliances market to produce efficient and innovative household appliances at affordable prices. Such concerns are expected to affect the growth of the global residential washing machine adversely.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including AB Electrolux and Haier Inc., the competitive environment is quite intense. The growing demand for household appliances and an increasing trend for advanced, featured, and innovative products raise opportunities for vendors to introduce smart household washing machines with artificial intelligence features.

LG Electronics Inc., Samsung Electronics Co. Ltd., and Whirlpool Corp. are some of the major companies covered in this report.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Front load - Market size and forecast 2018-2023
  • Top load - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Market segmentation by distribution channel
  • Comparison by distribution channel
  • Offline - Market size and forecast 2018-2023
  • Online - Market size and forecast 2018-2023
  • Market opportunity by distribution channel

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY TECHNOLOGY

  • Market segmentation by technology
  • Comparison by technology
  • Fully-automatic - Market size and forecast 2018-2023
  • Semi-automatic - Market size and forecast 2018-2023
  • Market opportunity by technology

PART 10: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 13: MARKET TRENDS

  • Introduction of portable washing machines
  • Introduction of smart washing machines
  • Expansion of e-commerce market

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AB Electrolux
  • Haier Inc.
  • LG Electronics Inc.
  • Samsung Electronics Co. Ltd.
  • Whirlpool Corp.

For more information about this report visit https://www.researchandmarkets.com/r/5k87hr

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Related Topics: Household Appliances