Market Forecast By Type (Freestanding, Built In), By Product (Washing Machine, Dryers, Electric Smoothing Irons & Others), By Technology (Automatic, Semi-Automatic & Others), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online & Others) and competitive landscape
Product Code: ETC003874 | Publication Date: Aug 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | United States Laundry Appliances Market |
Forecast period | 2024-2030 |
CAGR | 3.6% |
Growing Sector | Automatic technology in washing machines |
The United States Laundry Appliances Market report thoroughly covers the market by type, product, technology and distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The United States Laundry Appliances Market is expected to experience a steady growth during the forecast period. This growth is driven by various factors such as increasing disposable income, changing lifestyle patterns, and technological advancements.
According to 6Wresearch, United States Laundry Appliances Market size is expected to grow at a CAGR 3.6% during 2024-2030. The rise in dual-income homes, where both partners work and have less time for household duties, is one of the major factors propelling this market's growth. Consequently, there is a growing need for time- and labor-saving gadgets like dryers and washing machines. The American market for laundry appliances does, however, face some difficulties. The high price of these appliances, particularly the smart and energy-efficient models, is a significant obstacle. For certain customers, who do not have the money to invest in these products, this could be a barrier. The distribution and accessibility of these appliances may also be hampered by inadequate infrastructure in some places.
The key players in the United States laundry appliances market include Whirlpool Corporation, LG Electronics Inc., Samsung Electronics Co., Ltd., Electrolux AB, Haier Group Corporation, and GE Appliances. These companies constantly innovate and introduce new products to cater to the changing demands of consumers.
In an effort to lower carbon emissions and encourage the use of energy-efficient equipment, the government has taken action. In order to incentivize manufacturers to provide more environmentally friendly solutions, the Environmental Protection Agency (EPA) has established criteria for energy efficiency in laundry machines.
As technology develops further, it is anticipated that the laundry appliances industry in the United States will continue to grow and advance. Laundry appliance integration and automation should increase in light of the growing popularity of smart homes and linked devices. Furthermore, the growing popularity of subscription- or rental-based services for appliances could have an effect on the industry going forward.
According to Dhaval, Research Manager, 6Wresearch, the freestanding segment is expected to witness the highest demand in the United States laundry appliances market. These types of appliances are easy to install and versatile, allowing for more flexibility in terms of placement within a household. Additionally, with advancements in technology and features such as Wi-Fi connectivity being incorporated into freestanding appliances, they offer convenience without compromising on performance. As a result, this segment is expected to continue its growth trajectory in the coming years. So, manufacturers should focus on innovating and improving their offerings in this segment to meet the growing demand from consumers.
The washing machine segment is expected to see a growing demand in the United States market, driven by factors such as rising dual-income households and increasing awareness about energy efficiency. As consumers look for time-saving and labor-saving solutions, the demand for efficient and technologically advanced washing machines is likely to increase. Additionally, with the trend of eco-friendly living gaining traction, there is also a growing demand for energy-efficient washing machines that use less water and electricity. Hence, this segment presents a significant opportunity for manufacturers to tap into and cater to the evolving needs of consumers. To stay ahead in this competitive market, companies should focus on developing innovative features and improving the performance of their washing machine products.
The automatic technology segment is expected to experience the highest growth in demand in the United States laundry appliances market. With features such as load sensing, auto-dosing, and Wi-Fi connectivity, automatic appliances offer convenience and efficiency to consumers. As more households prioritize smart living and connected devices, the adoption of automatic technology in laundry appliances is likely to increase. This segment also presents an opportunity for manufacturers to differentiate their products from competitors by incorporating innovative features and technology. As a result, we can expect to see continuous advancements and developments in this segment in the coming years.
The online segment is expected to witness significant growth in the United States laundry appliances market. With the rise of e-commerce and online shopping, consumers are increasingly turning to online channels for their household appliance purchases. The convenience of comparing prices and features, as well as the availability of a wide range of products, makes online channels an attractive option for consumers.
The US Laundry Appliances Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. US Laundry Appliances Market Overview |
3.1. US Laundry Appliances Market Revenues & Volume, 2020-2030F |
3.2. US Laundry Appliances Market Revenue Share, By Regions, 2020 & 2030F |
4. US Laundry Appliances Market Overview |
4.1. US Country Indicators |
4.2. US Laundry Appliances Market Revenues & Volume, 2020-2030F |
4.3. US Laundry Appliances Market Industry Life Cycle |
4.4. US Laundry Appliances Market Ecosystem and Value Chain Analysis |
4.5. US Laundry Appliances Market Porter’s Five Forces Model |
4.6. US Laundry Appliances Market Revenue Share, By Type, 2020 & 2030F |
4.7. US Laundry Appliances Market Revenue Share, By Product, 2023 |
4.8. US Laundry Appliances Market Revenue Share, By Distribution Channels, 2023 |
4.9. US Laundry Appliances Market Revenue Share, By Technology, 2023 |
5. US Laundry Appliances Market Dynamics |
5.1. Impact Analysis |
5.2. Market Drivers |
5.3. Market Restraints |
6. US Laundry Appliances Market Trends |
7. US Laundry Appliances Market Overview, By Type |
7.1. US Freestanding Laundry Appliances Market Revenues & Volume, 2020-2030F |
7.2. US Built In Laundry Appliances Market Revenues & Volume, 2020-2030F |
8. US Laundry Appliances Market Overview, By Product |
8.1. US Laundry Appliances Market Revenues, By Washing Machine, 2023 |
8.2. US Laundry Appliances Market Revenue Share, By Dryers, 2023 |
8.3. US Laundry Appliances Market Revenue Share, By Electric Smoothing Irons, 2023 |
8.4. US Laundry Appliances Market Revenue Share, By Others, 2023 |
9. US Laundry Appliances Market Overview, By Distribution Channels |
9.1. US Laundry Appliances Market Revenues, By Hypermarkets and Supermarkets, 2023 |
9.2. US Laundry Appliances Market Revenue Share, By Specialty Stores, 2023 |
9.3. US Laundry Appliances Market Revenue Share, By Online, 2023 |
9.4. US Laundry Appliances Market Revenue Share, By Others, 2023 |
10. US Laundry Appliances Market Overview, By Technology |
10.1. US Laundry Appliances Market Revenues, By Automatic, 2023 |
10.2. US Laundry Appliances Market Revenue Share, By Semi Automatic, 2023 |
10.3. US Laundry Appliances Market Revenue Share, By Others, 2023 |
11. US Laundry Appliances Market Regulations |
12. US Laundry Appliances Market Opportunity Assessment |
12.1. US Laundry Appliances Market Opportunity Matrix, By Type, 2030F |
12.2. US Laundry Appliances Market Opportunity Matrix, By Product, 2030F |
12.3. US Laundry Appliances Market Opportunity Matrix, By Distribution Channels, 2030F |
12.4. US Laundry Appliances Market Opportunity Matrix, By Technology, 2030F |
13. US Laundry Appliances Market, Competitive Landscape |
13.1. US Laundry Appliances Market Competitive Benchmarking, By Operating and Technical Parameters |
13.2. US Laundry Appliances Market Revenue Share, By Company, 2023 |
14. Company Profiles |
15. Strategic Recommendations |
16. Disclaimer |