Dishwasher Market: Introduction
Transparency Market Research delivers key insights on the global dishwasher market. In terms of revenue, the global dishwasher market is estimated to expand at a CAGR of 7.2% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global dishwasher market report.
In this market report, TMR predicts the changing lifestyles due to rapid urbanization and surge in the purchasing power of developing countries to have a noteworthy impact on the overall dishwasher market. Increasing working population, nuclear families, and shortage of household help during the COVID-19 pandemic situation to help perform several kitchen chores are escalating the demand for dishwashers, and the market is witnessing robust growth over the past few years.
A dishwasher is defined as a basic kitchen appliance used for cleaning dishware and cutlery items. Users have to load the dirty dishes, add detergent, and adjust the washing cycle by selecting a specific cleaning program and adding required detergent. Thus, dishwashers operate automatically and help users in cleaning dishes.
Key manufacturers of dishwashers continuously focus on investment in research & development to introduce innovative products. Prominent players in the dishwasher market are engaging with clients by offering them customized solutions. Key players promoting several innovative designs with attractive features and energy saving technology is likely to drive the growth of the dishwasher market.
Rapid urbanization and awareness regarding kitchen hygiene & cleanliness are generating demand for reliable kitchen appliances. This is likely to promote the sales of dishwashers during the forecast period. In addition, easy availability of dishwashers, continuous growth in the number of residential units, and consumers opting for smart appliances is likely to generate demand for dishwashers.
In terms of type, the dishwasher market has been segmented into free-standing, integrated, and semi-integrated. In recent years, the high adoption of free-standing dishwashers by consumers due to its feasibility, minimal space requirement, and ease of installation is likely to drive the market. Free-standing dishwashers majorly opted by end users with small homes or apartments is encouraging the growth of the dishwasher market. However, increasing disposable income of consumers, and rising demand for kitchen appliances that match the interior of households and commercial spaces is likely to drive demand for built-in and semi-integrated dishwashers in the coming years. The market, on the basis of, distribution channel is likely to be driven by the online channel as most end users find it to be a convenient channel for shopping, as it provides huge discounts and several options while choosing a dishwasher during the purchasing process.
Dishwasher Market: Prominent Regions
Regionally, Asia Pacific led the dishwasher market in 2020, and the region is expected to retain its dominance during the forecast period. Rising preference for dishwashers in countries such as Japan, India, China, Australia, and in Southeast Asia, is encouraging the growth of the market. Apart from Asia Pacific, Europe also significantly contributes to the growth of the global dishwasher market. The U.K., Germany, Italy, and France are considered the major markets for dishwashers in Europe. In addition, increasing popularity of smart dishwashers, along with rising dependency of users on kitchen appliances for cleaning dishes is promoting the growth of the dishwasher market.
Dishwasher Market: Key Players
The competition landscape of the dishwasher market is moderately fragmented with leading players accounting for majority of the revenue share. Key players operating in the global dishwasher market include Bosch Appliances, LG Corporation, Siemens AG, Whirlpool Corporation, and Midea Group.
Global Dishwasher Market: Segmentation
Dishwasher Market, by Type
Dishwasher Market, by Technology
Dishwasher Market, by Capacity
Dishwasher Market, by Price
Dishwasher Market, by End-user
Dishwasher Market, by Distribution Channel
Dishwasher Market, by Region
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