Market Overview:
The global super-small wall-hung washing machine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for small and compact appliances across the globe, especially in developed countries. In addition, technological advancements in washing machines are also contributing to the growth of this market. The global super-small wall-hung washing machine market can be segmented on the basis of type into top loader type and front loader type. The top loader type segment is expected to account for a larger share of the global super-small wall-hung washing machine market than the front loader type segment during the forecast period from 2018 to 2030. This can be attributed to its low price point and easy installation process as compared with front loading machines.
Product Definition:
Super-Small Wall-Hung Washing Machine is a small washing machine that is hung on the wall. It is important because it saves space in a small home or apartment.
Top Loader Type:
Top loader type washing machines are used in small spaces such as apartments, condominiums and smaller homes. They take up less space due to their compact design. These types of washing machines have a door on the front that opens for loading and unloading the clothes. The top loaders can hold more clothes than other types of washers, hence they are preferred by people who have a lot of laundry to do every day.
Front Loader Type:
The front loader type washing machine is used for small-sized laundry work. It has a smaller footprint, which helps in saving valuable floor space and is also considered to be the most efficient type of washing machines available in the market. The super-small wall-hung washing machine category includes two types of products, namely, top loaders and front loaders.
Application Insights:
The residential application segment dominated the global super-small wall-hung washing machine market, accounting for more than 60.0% share of the total revenue in 2017. This is attributed to rising urbanization and increasing spending on home remodeling activities across various regions, including Asia Pacific and Europe. Moreover, a growing number of compact city apartments is also expected to propel demand for small appliances such as washing machines over the forecast period.
The commercial application segment is expected to witness significant growth over the forecast period owing to an increase in commercial construction projects across various developing countries including India and China where small space utilization has become a major concern for designers and architects working with limited floor area ratio (FAR). As a result, manufacturers are increasingly focusing on designing products that can fit into smaller spaces while providing efficient performance as compared with standard large capacity appliances available in the market today.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing purchasing power of consumers, rapid urbanization, and rising awareness regarding energy conservation. Moreover, manufacturers are launching new products in order to gain a competitive edge in the highly saturated market environment. For instance, In January 2018, LG Electronics India launched two new super-small washing machines under the brand name ‘Washing Machine by LG’ and ‘ThinQ by LG’ respectively for Indian customers at an affordable price range (approximately below USD X).
North America is anticipated to witness significant growth over the forecast period owing to increased penetration of front loading washing machines since past few years along with growing preference for small & compact appliances especially in U.S.
Growth Factors:
- Increasing demand from rural areas: The Super-Small Wall-Hung Washing Machine market is expected to grow at a high rate due to the increasing demand from rural areas. This is because of the growing population and rising income levels in these regions.
- Rising disposable income: The growth of the Super-Small Wall-Hung Washing Machine market can also be attributed to the rising disposable incomes of consumers, which has led to an increase in their purchasing power.
- Growing awareness about energy efficiency: There is a growing awareness among consumers about energy efficiency, which has led them to prefer products that consume less energy. This is benefiting the Super-Small Wall-Hung Washing Machine market as these machines are highly efficient in terms of energy consumption.
- Technological advancements: The advancement of technology has resulted in better and more efficient machines being launched into the market, thereby benefitting the Super-Small Wall-Hung Washing Machine market growth rate significantly over time periods past and future as well.. 5) Increasing trend towards miniaturization: A major trend that is currently driving this industry forward is miniaturization – where appliances are becoming smaller and more compact without compromising on features or performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Super-Small Wall-Hung Washing Machine 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Super-Small Wall-Hung Washing Machine Market Report Segments:
The global Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine 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 super-small wall-hung washing machine is a small, compact machine that hangs on the wall. They are typically less than 60 inches wide, and can fit in small spaces. They are often lower in price than traditional washers and dryers, and have fewer features but may be more affordable to operate.
Some of the major companies in the super-small wall-hung washing machine market are LG, Midea, Haier, Daewoo Electronics, Panasonic, Xiaojie Internet, Electrolux, Little Duck.
The super-small wall-hung washing machine 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 Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine Market Size & Forecast, 2020-2028
4.5.1 Super-Small Wall-Hung Washing Machine Market Size and Y-o-Y Growth
4.5.2 Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine 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 Super-Small Wall-Hung Washing Machine Market: Competitive Dashboard
14.2 Global Super-Small Wall-Hung Washing Machine 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
