Market Overview:
The global mini spin washer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The mini spin washer market is segmented on the basis of type, application and region. On the basis of type, the mini spin washer market is segmented into top loader type and front loader type. The top loader type segment is expected to dominate the global mini spin washer market during the forecast period from 2018 to 2030. On the basis of application, commercial and residential are two segments in which mini spin washers are used extensively. Commercial applications include laundromats, hotels, hospitals etc.
Product Definition:
A mini spin washer is a small, portable washing machine that can be used to clean clothes in a small space, such as a dorm room or apartment. Mini spin washers are important for people who do not have access to traditional laundry facilities or for those who need to wash clothing quickly and on-the-go.
Top Loader Type:
Top loader washers are the most common type of spin dryers. They have a loading mechanism that is at or near the top of the machine, and they spin clothes at approximately 3000 rpm. The load is held in place by a series of bars, rods, or rollers. These devices usually require less water than front loaders and can be used for both residential as well as commercial purposes owing to their low cost of operation along with reduced drying time.
Front Loader Type:
The front loader type mini spin washer is used for washing the car in a very less time. It has an advantage over the rear loader type mini spin washer as it can be used by one person and it does not require any extra hands to push or pull the machine.
It’s easy to install and operate, which attracts many consumers towards buying this product.
Application Insights:
The residential application segment accounted for the largest share of over 60.0% in 2017. The segment is expected to witness significant growth on account of increasing demand for cleaning services at home as well as abroad. In addition, mini washers are gaining popularity due to their compact size and ease of handling which makes it suitable for use in apartments and houses with limited space available.
Commercial applications include hotels, restaurants, hospitals, educational institutions and other public buildings such as airports or railway stations among others where high hygiene standards are required to maintain a clean environment free from germs that can cause diseases if untreated.
Regional Analysis:
Asia Pacific dominated the global mini spin washer market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing awareness regarding personal hygiene and rising disposable income of consumers. Furthermore, rapid urbanization and growing population have led to increased demand for residential buildings, which will drive the regional market further.
The Asia Pacific regional market is anticipated to grow at a CAGR of XX% from 2018 to 2030 due high birth rate in countries such as India and China that leads increase in consumer base for domestic products such as front loading washing machines and top loaders spin washers. Moreover, increasing purchasing power of consumers will boost product demand over the coming years.
Europe accounted for more than 25% share of global revenue in 2017 owing with high adoption rates for eco-friendly products among consumers including mini spin washers along with presence of key manufacturers such as MgGurus Ltd., Beko Group, Siemens AG & Co.
Growth Factors:
- Increasing demand from rural areas: The mini spin washer is a low-cost and convenient alternative to the traditional washing machines, which is why it is popular in rural areas. With the increasing population in these regions, there will be an increase in demand for mini spin washers as well.
- Rising disposable income: A growing number of people are now able to afford luxury items such as mini spin washers, thanks to their rising disposable incomes. This will help fuel the growth of this market in the coming years.
- Technological advancements: Mini spin washers have come a long way since they were first introduced into the market and manufacturers are constantly making improvements to make them more efficient and user-friendly. This will help attract more consumers to this product category over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mini Spin Washer Market Research Report
By Type
Top Loader Type, Front Loader Type
By Application
Commercial, Residential
By Companies
LG, Midea, Haier, Daewoo Electronics, Panasonic, Xiaojie Internet, Electrolux, Little Duck
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Mini Spin Washer Market Report Segments:
The global Mini Spin Washer 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
- Haier
- Daewoo Electronics
- Panasonic
- Xiaojie Internet
- Electrolux
- Little Duck
Highlights of The Mini Spin Washer 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 Mini Spin Washer 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?
A mini spin washer is a small, hand-held device that is used to clean surfaces. It has a rotating drum that can be spun at high speeds to remove dirt and debris.
Some of the key players operating in the mini spin washer market are LG, Midea, Haier, Daewoo Electronics, Panasonic, Xiaojie Internet, Electrolux, Little Duck.
The mini spin washer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mini Spin Washer 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 Mini Spin Washer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mini Spin Washer 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 Mini Spin Washer 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 Mini Spin Washer Market Size & Forecast, 2020-2028
4.5.1 Mini Spin Washer Market Size and Y-o-Y Growth
4.5.2 Mini Spin Washer 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 Mini Spin Washer 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 Mini Spin Washer 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 Mini Spin Washer Market: Competitive Dashboard
14.2 Global Mini Spin Washer 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 Haier
14.3.4 Daewoo Electronics
14.3.5 Panasonic
14.3.6 Xiaojie Internet
14.3.7 Electrolux
14.3.8 Little Duck
