Product Code: ETC101327 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Washing Machine market currently, in 2023, has witnessed an HHI of 3484, Which has increased slightly as compared to the HHI of 2964 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Indonesia washing machine market size was valued at USD 80.03 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2020 to 2027. The increasing demand for energy-saving and space-saving appliances, along with rising disposable incomes are some of the major factors driving the market growth in Indonesia. Furthermore, the growing awareness regarding hygiene among Indonesias has also increased the demand for washing machines in this country.
In recent years, there has been an increase in demand for fully automated front loaders as they are convenient to use and require less water compared to top loaders. This shift towards automation can be attributed to technological advancements such as self-cleaning tubs that automatically remove dirt particles without manual intervention, which are available only on front loading models. Furthermore, manufacturers have started focusing on developing innovative designs with more sophisticated features such as steam showers that help reduce wrinkles from clothes after being washed or dryer settings that help save energy by minimizing heat emissions during operation. These innovations have further helped fuel the popularity of wash machines among consumers in Indonesia.
The primary driver contributing towards the growth of washing machines? market sales is rising disposable income levels among Indonesia households coupled with rapid urbanization across various parts of this country. Additionally, frequent power outages due to aging electricity infrastructure have encouraged a large number of people living in rural areas to adopt energy efficient models offered by international brands like LG Electronics Inc., Panasonic Corporation and Samsung Electronics Co Ltd. Moreover, organizations providing rental services such as Rentomojo provide convenience and easy access for customers who cannot afford expensive products outright but still need them occasionally; thus creating avenues for revenue generation within this industry segment.
The COVID-19 pandemic has severely impacted the Indonesia washing machine market, as consumer sentiment and disposable incomes have decreased due to economic slowdown. The government imposed lockdown also led to reduced demand for home appliances including washers and dryers, resulting in a decline in sales of these products. In addition, logistics disruptions caused by the pandemic further hampered the industry`s growth prospects.
One of the key challenges facing Indonesia washing machine market is competition from cheaper imports from China. Low-cost Chinese manufacturers offer good quality machines at competitive prices which are attractive to local consumers who are limited in their purchasing power due to current economic conditions.. Furthermore, increased product awareness among consumers has enabled them to compare prices more easily, leading them towards less expensive options such as imported products.
Major players operating in Indonesia Washing Machine Market include Daewoo Electronics Corporation (Korea), LG Electronics Inc., Samsung Electronics Co., Ltd (South Korea), Electrolux AB (Sweden), Panasonic Corporation (Japan). These companies compete on price and features offered with each brand trying to differentiate its feature set over other brands present in the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Washing Machine Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Washing Machine Market Revenues & Volume, 2020 & 2027F |
3.3 Indonesia Washing Machine Market - Industry Life Cycle |
3.4 Indonesia Washing Machine Market - Porter's Five Forces |
3.5 Indonesia Washing Machine Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.6 Indonesia Washing Machine Market Revenues & Volume Share, By Technology, 2020 & 2027F |
3.7 Indonesia Washing Machine Market Revenues & Volume Share, By Capacity, 2020 & 2027F |
3.8 Indonesia Washing Machine Market Revenues & Volume Share, By End-use, 2020 & 2027F |
3.9 Indonesia Washing Machine Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Indonesia Washing Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Washing Machine Market Trends |
6 Indonesia Washing Machine Market, By Types |
6.1 Indonesia Washing Machine Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Washing Machine Market Revenues & Volume, By Product, 2018 - 2027F |
6.1.3 Indonesia Washing Machine Market Revenues & Volume, By Fully automatic, 2018 - 2027F |
6.1.4 Indonesia Washing Machine Market Revenues & Volume, By Semi-automatic, 2018 - 2027F |
6.1.5 Indonesia Washing Machine Market Revenues & Volume, By Dryers, 2018 - 2027F |
6.2 Indonesia Washing Machine Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Washing Machine Market Revenues & Volume, By Smart connected washing machine, 2018 - 2027F |
6.2.3 Indonesia Washing Machine Market Revenues & Volume, By Conventional washing machine, 2018 - 2027F |
6.3 Indonesia Washing Machine Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Washing Machine Market Revenues & Volume, By Below 6 kg, 2018 - 2027F |
6.3.3 Indonesia Washing Machine Market Revenues & Volume, By 6.1 to 8 kg, 2018 - 2027F |
6.3.4 Indonesia Washing Machine Market Revenues & Volume, By Above 8 kg, 2018 - 2027F |
6.4 Indonesia Washing Machine Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Washing Machine Market Revenues & Volume, By Commercial, 2018 - 2027F |
6.4.3 Indonesia Washing Machine Market Revenues & Volume, By Residential, 2018 - 2027F |
6.5 Indonesia Washing Machine Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Washing Machine Market Revenues & Volume, By Healthcare, 2018 - 2027F |
6.5.3 Indonesia Washing Machine Market Revenues & Volume, By Hospitality, 2018 - 2027F |
6.5.4 Indonesia Washing Machine Market Revenues & Volume, By Others, 2018 - 2027F |
7 Indonesia Washing Machine Market Import-Export Trade Statistics |
7.1 Indonesia Washing Machine Market Export to Major Countries |
7.2 Indonesia Washing Machine Market Imports from Major Countries |
8 Indonesia Washing Machine Market Key Performance Indicators |
9 Indonesia Washing Machine Market - Opportunity Assessment |
9.1 Indonesia Washing Machine Market Opportunity Assessment, By Product, 2020 & 2027F |
9.2 Indonesia Washing Machine Market Opportunity Assessment, By Technology, 2020 & 2027F |
9.3 Indonesia Washing Machine Market Opportunity Assessment, By Capacity, 2020 & 2027F |
9.4 Indonesia Washing Machine Market Opportunity Assessment, By End-use, 2020 & 2027F |
9.5 Indonesia Washing Machine Market Opportunity Assessment, By Application, 2020 & 2027F |
10 Indonesia Washing Machine Market - Competitive Landscape |
10.1 Indonesia Washing Machine Market Revenue Share, By Companies, 2020 |
10.2 Indonesia Washing Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |