Market Overview:
The global compact washing machines market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as, rising disposable income, technological advancements and growing awareness about energy efficient appliances among consumers. Based on type, the global compact washing machines market is segmented into top loader type and front loader type. The top loader type segment is expected to dominate the global compact washing machines market during the forecast period 2018-2030 owing to its low price point and easy operability. However, front loading washers are gaining popularity due to their high efficiency ratings and better wash quality as compared to top loading washers. Based on application, commercial sector accounted for majority of share in 2017 and is projected to maintain its dominance throughout the forecast period 2018-2030 followed by residential sector.
Product Definition:
A Compact Washing Machine is a small, portable washing machine that is ideal for apartments, condos, or small homes. Compact Washing Machines are important because they save space and energy. They are also more affordable than traditional washers.
Top Loader Type:
Top loader washing machines are also known as vertical loaders. They have a large capacity and can be used for a variety of fabrics. The top loading type is usually more space efficient than the front loader type, which has doors that open from the front.
The top loaders have been around for quite some time; however, they recently gained popularity due to their energy efficiency and convenience in smaller sized households where there is not much floor space to spare.
Front Loader Type:
The front loader type is used in compact washing machines to remove the stains and dirt from the clothes by using water at high pressure. The product is usually used for commercial purposes as it can produce more than enough force to wash the clothes efficiently.
The market for front loader type has been witnessing significant growth over the past few years owing to its increasing demand among consumers with small space requirements, especially in Europe and Asia Pacific regions.
Application Insights:
The residential application segment accounted for the largest share of more than 60.0% in 2017. The rising purchasing power of the middle-class population, especially in developing countries such as China and India, is expected to be a major factor driving product demand over the forecast period. Moreover, increasing urbanization has resulted in an increased number of households with WASH machines; this trend is expected to continue over the next few years thereby supporting market growth during the study period.
The commercial application segment was valued at USD 305 million in 2017 owing to growing usage by hotels and restaurants for laundry services on a contract basis or privately owned facilities that offer full service including cleaning products.
Regional Analysis:
Asia Pacific dominated the global compact washing machines market in 2017. This is attributed to increasing awareness regarding energy conservation and demand for eco-friendly products. Moreover, rising purchasing power of consumers from emerging economies such as China and India has been fueling the demand for compact washers in this region. Europe is expected to be the second largest regional market due to high product adoption rates especially in countries like Germany, U.K.
Growth Factors:
- Increasing demand for compact washing machines owing to their space-saving features.
- Rising disposable income of consumers, which is resulting in an increase in the number of households that own a washing machine.
- Proliferation of online retailing, which is making it easier for consumers to purchase compact washing machines at competitive prices.
- Growing awareness about the benefits of using a compact washing machine, such as energy efficiency and low water consumption rates.
Scope Of The Report
Report Attributes
Report Details
Report Title
Compact Washing Machines Market Research Report
By Type
Top Loader Type, Front Loader Type
By Application
Commercial, Residential
By Companies
LG, Midea, Daewoo Electronics, Haier, Panasonic, Xiaojie Internet, Electrolux, Smad Electric, Hisense, Qishuai, Little Duck, TCL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Compact Washing Machines Market Report Segments:
The global Compact Washing Machines market is segmented on the basis of:
Types
Top Loader Type, Front Loader Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG
- Midea
- Daewoo Electronics
- Haier
- Panasonic
- Xiaojie Internet
- Electrolux
- Smad Electric
- Hisense
- Qishuai
- Little Duck
- TCL
Highlights of The Compact Washing Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Top Loader Type
- Front Loader Type
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compact Washing Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compact washing machines are typically smaller and lighter than traditional washers and dryers. They are often more affordable, too. This makes them a good option for people who need a small machine to do their laundry but don't want to sacrifice features or performance.
Some of the key players operating in the compact washing machines market are LG, Midea, Daewoo Electronics, Haier, Panasonic, Xiaojie Internet, Electrolux, Smad Electric, Hisense, Qishuai, Little Duck, TCL.
The compact washing machines market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compact Washing Machines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compact Washing Machines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compact Washing Machines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compact Washing Machines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compact Washing Machines Market Size & Forecast, 2020-2028
4.5.1 Compact Washing Machines Market Size and Y-o-Y Growth
4.5.2 Compact Washing Machines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Top Loader Type
5.2.2 Front Loader Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compact Washing Machines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compact Washing Machines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Top Loader Type
9.6.2 Front Loader Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Top Loader Type
10.6.2 Front Loader Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Top Loader Type
11.6.2 Front Loader Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Top Loader Type
12.6.2 Front Loader Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Top Loader Type
13.6.2 Front Loader Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compact Washing Machines Market: Competitive Dashboard
14.2 Global Compact Washing Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG
14.3.2 Midea
14.3.3 Daewoo Electronics
14.3.4 Haier
14.3.5 Panasonic
14.3.6 Xiaojie Internet
14.3.7 Electrolux
14.3.8 Smad Electric
14.3.9 Hisense
14.3.10 Qishuai
14.3.11 Little Duck
14.3.12 TCL
