Market Overview:
The global smart connected washing machines market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for energy-efficient and eco-friendly appliances, rising disposable income, and growing awareness about smart home appliances. The top load segment is expected to dominate the global smart connected washing machines market during the forecast period 2018-2030. This segment accounted for a share of more than 60% in 2017 and is projected to grow at a CAGR of 6.8% during the forecast period. The front load segment is projected to grow at a CAGR of 5.9%.
Product Definition:
A Smart Connected Washing Machine is a washing machine that can be connected to the internet. This allows the user to control the washing machine from anywhere in the world, and to receive updates on its status. The importance of Smart Connected Washing Machines is that they make it easier for users to manage their laundry, and they provide information on how efficiently the machine is operating.
Top Load:
Top load washing machines are those in which the weight of the laundry is supported by the top of the machine, as opposed to front or rear-loaders. Top load washers can be either gas or electric powered and usually have a simpler design with no agitator at the bottom of the drum. The top loading type has higher market penetration than other types due to its ease of use and lower price than other types.
Front Load:
The front load washers are used to wash the clothes in a forward motion. The water is applied directly on the clothes and there is no rotation of the washing machine, which reduces drying time. These types of washing machines use more water than top loaders as they require longer periods of immersion for laundry work.
It depends on personal preference.
Application Insights:
The residential application segment accounted for the largest share of over 60% in 2017. The growth is attributed to increasing adoption of smart connected washing machines in urban areas, especially in developed countries such as Germany and the U.S. Moreover, manufacturers are focusing on developing new products specifically designed for residential applications that will allow consumers to remotely control their wash cycles from remote locations using smartphones or tablets. This will help households save water by limiting the number of unnecessary washes done at a time when electricity costs are high commodities for utilities across various regions including Asia Pacific and Middle East & Africa.
The commercial application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand from hotels, hospitals and other institutional laundry services across various regions globally including North America.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing penetration of smart connected washing machines in China and India. In 2016, a total of 7,869 million units were sold in China and this number is estimated to reach 12,000 million by 2020. Moreover, with rising disposable income levels coupled with rapid urbanization across these countries; consumers are opting for smart connected devices that help them manage their laundry at home itself thus eliminating the need for going out or waiting for someone else to wash clothes at convenient time.
Europe accounted for more than 25% share of global revenue in 2017 owing to early adoption by consumers coupled with stringent government regulations regarding energy consumption while washing clothes at home instead of using laundromat which would result into reduction in electricity bill especially during off-peak hours saving huge amount over a period of time thus driving industry growth across Europe region.
Growth Factors:
- Increasing demand for energy-efficient and smart appliances
- Rising disposable income of consumers
- Proliferation of internet of things (IoT) and connected devices
- Growing popularity of on-demand laundry services
- Advancements in washing machine technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Connected Washing Machines Market Research Report
By Type
Top Load, Front Load
By Application
Residential, Commercial
By Companies
Whirlpool, LG Electronics, Robert Bosch, Electrolux, Samsung, GE Appliances, Siemens, Haier, Midea, Panasonic Corporation
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Smart Connected Washing Machines Market Report Segments:
The global Smart Connected Washing Machines market is segmented on the basis of:
Types
Top Load, Front Load
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
Residential, Commercial
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:
- Whirlpool
- LG Electronics
- Robert Bosch
- Electrolux
- Samsung
- GE Appliances
- Siemens
- Haier
- Midea
- Panasonic Corporation
Highlights of The Smart Connected 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 Load
- Front Load
- By Application:
- Residential
- Commercial
- 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 Smart Connected 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?
Smart Connected Washing Machines are washing machines that have been designed with the modern family in mind. They come equipped with features like voice control and smart sensors that allow you to customize your wash cycle and save time.
Some of the major players in the smart connected washing machines market are Whirlpool, LG Electronics, Robert Bosch, Electrolux, Samsung, GE Appliances, Siemens, Haier, Midea, Panasonic Corporation.
The smart connected washing machines market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Connected Washing Machines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Connected Washing Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Connected Washing Machines Market - Supply Chain
4.5. Global Smart Connected Washing Machines Market Forecast
4.5.1. Smart Connected Washing Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Connected Washing Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Connected Washing Machines Market Absolute $ Opportunity
5. Global Smart Connected Washing Machines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Connected Washing Machines Market Size and Volume Forecast by Type
5.3.1. Top Load
5.3.2. Front Load
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Connected Washing Machines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Connected Washing Machines Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Connected Washing Machines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Connected Washing Machines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Connected Washing Machines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Connected Washing Machines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Connected Washing Machines Demand Share Forecast, 2019-2026
9. North America Smart Connected Washing Machines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Connected Washing Machines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Connected Washing Machines Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Connected Washing Machines Market Size and Volume Forecast by Type
9.7.1. Top Load
9.7.2. Front Load
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Connected Washing Machines Demand Share Forecast, 2019-2026
10. Latin America Smart Connected Washing Machines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Connected Washing Machines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Connected Washing Machines Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Connected Washing Machines Market Size and Volume Forecast by Type
10.7.1. Top Load
10.7.2. Front Load
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Connected Washing Machines Demand Share Forecast, 2019-2026
11. Europe Smart Connected Washing Machines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Connected Washing Machines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Connected Washing Machines Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Connected Washing Machines Market Size and Volume Forecast by Type
11.7.1. Top Load
11.7.2. Front Load
11.8. Basis Point Share (BPS) Anaysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Connected Washing Machines Demand Share, 2019-2026
12. Asia Pacific Smart Connected Washing Machines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Connected Washing Machines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Connected Washing Machines Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Connected Washing Machines Market Size and Volume Forecast by Type
12.7.1. Top Load
12.7.2. Front Load
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Connected Washing Machines Demand Share, 2019-2026
13. Middle East & Africa Smart Connected Washing Machines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Connected Washing Machines Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Connected Washing Machines Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Connected Washing Machines Market Size and Volume Forecast by Type
13.7.1. Top Load
13.7.2. Front Load
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Connected Washing Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Connected Washing Machines Market: Market Share Analysis
14.2. Smart Connected Washing Machines Distributors and Customers
14.3. Smart Connected Washing Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Whirlpool
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LG Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Robert Bosch
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Electrolux
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE Appliances
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Haier
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Midea
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Panasonic Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
