Canada Washing Machine Market Research Report, 2028

Canada Washing Machine Market Research Report, 2028

Actual Market Research 30-05-2023 65 Pages Figures : 6 Tables : 19 Region : North America Country : Canada Category : Consumer Goods & Services Appliances & Equipment

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As Canadians increasingly seek efficiency, convenience, and sustainability in their household appliances, the market has witnessed significant developments and innovations. From energy-efficient models to smart features and compact designs, washing machine manufacturers and retailers are continuously striving to meet the evolving demands of Canadian consumers. Environmental sustainability is a growing concern for Canadians, leading to an increased demand for eco-friendly washing machines that reduce water consumption and energy usage. Manufacturers are focusing on sustainable manufacturing practices and materials to align with these consumer expectations. Canadians generally aim to maximize the efficiency of their washing machine usage by waiting until they have a full load of laundry before running a cycle. This practice helps conserve water and energy by minimizing the number of cycles required. Canadian consumers tend to utilize energy-saving features available in their washing machines. These features include eco-cycles, quick wash options for smaller loads, and delay start functions to take advantage of off-peak electricity rates. According to the research report “Canada Washing Machine Market Research Report, 2028," published by Actual Market Research, The Canada Washing Machine Market is projected to reach market size of more than USD 1.95 Billion by 2028. The Canadian government has implemented several regulations and standards pertaining to the washing machine market to ensure consumer safety, energy efficiency, and environmental sustainability. Some government regulations regarding the Canada washing machine market are The Natural Resources Canada (NRCan) regulates the energy efficiency of washing machines through the Energy Efficiency Regulations. These regulations set minimum energy performance standards (MEPS) that manufacturers must meet for their products to be sold in the Canadian market. The MEPS help reduce energy consumption and promote the use of energy-efficient washing machines. Also, The ENERGY STAR program is a voluntary partnership between Natural Resources Canada (NRCan) and the United States Environmental Protection Agency (EPA). Washing machines meeting the ENERGY STAR criteria are certified to be energy efficient and meet specific performance standards. Consumers can identify ENERGY STAR-certified washing machines through the ENERGY STAR label, which helps them make informed choices about energy-efficient appliances. In addition to energy efficiency, the Canadian government also regulates water consumption in washing machines. Similarly, Water efficiency standards ensure that washing machines use water efficiently without compromising performance. These standards aim to conserve water resources and promote sustainable practices in the washing machine industry. The Canadian Standards Association (CSA) develops and maintains safety standards for various appliances, including washing machines. These standards ensure that washing machines meet specific safety requirements to protect consumers from potential hazards. Compliance with CSA safety standards is necessary for manufacturers to sell their products in the Canadian market. Furthermore, the washing machines sold in Canada must comply with the safety standards outlined by the Canadian Electrical Code (CEC). The CEC sets guidelines for electrical installations and ensures that washing machines meet safety requirements to prevent electrical hazards. The Canadian government mandates that washing machines sold in the country provide clear and accurate labeling and product information. This includes providing information about energy efficiency, water consumption, capacity, and other relevant specifications. These labels and product information enable consumers to compare different models and make informed purchasing decisions. Smart washing machines with advanced features are gaining popularity in Canada. These appliances can be connected to smartphones or home automation systems, allowing users to control and monitor laundry remotely. Many washing machine models available in Canada bear the Energy Star certification, indicating their high energy efficiency. Energy Star-certified appliances consume less water and electricity, resulting in lower utility bills and reduced environmental impact. Canadians are increasingly conscious of environmental sustainability. As a result, there is a growing demand for eco-friendly washing machines that use less water, consume less energy, and employ sustainable manufacturing practices. The washing machine market in Canada is influenced by the home renovation sector. As homeowners renovate or upgrade their properties, there is a corresponding increase in the demand for new appliances, including washing machines. E-commerce has significantly impacted the washing machine market in Canada. Consumers increasingly prefer online shopping due to convenience, competitive pricing, and access to a wider range of products. Many retailers and manufacturers offer their appliances through online platforms. The Canadian washing machine market is highly competitive, with both domestic and international brands vying for market share. Prominent manufacturers such as Whirlpool, Maytag, LG, Samsung, Electrolux, and Bosch offer a wide range of models to cater to diverse consumer needs. Additionally, the rise of e-commerce has revolutionized the way Canadians purchase washing machines, providing convenience, competitive pricing, and access to a broader range of products. Before making a purchase, Canadian consumers often rely on online reviews and ratings to gather information about washing machines. Front-load washing machines have gained popularity in Canada due to their superior cleaning performance, water conservation features, and energy efficiency. The Canadian government occasionally implements rebate programs to incentivize consumers to purchase energy-efficient appliances, including washing machines. These programs aim to promote sustainability and reduce greenhouse gas emissions. High Efficiency (HE) Detergents washing machines, which use less water and energy, require the use of high-efficiency detergents. The Canadian market has witnessed a corresponding increase in the availability and variety of HE detergents to cater to the needs of these appliances. With changing lifestyles and technological advancements, laundry habits are evolving in Canada. Consumers are adopting practices such as cold-water washing, eco-friendly detergents, and garment care routines that prioritize longevity and sustainability. The market is also influenced by factors such as the home renovation sector, with homeowners seeking new appliances to complement their upgraded properties. Rental and leasing programs have emerged as an alternative for consumers who prefer flexibility, particularly in urban areas where space is at a premium. The availability of compact and stackable models has also catered to the needs of condominium and small-space dwellers. Consumer preferences play a vital role in the purchasing decisions for washing machines in Canada. Factors such as reliability, durability, energy efficiency, cleaning performance, capacity, and pricing are taken into consideration. Consumers often rely on online reviews and ratings to gather information and make informed choices. As the washing machine market in Canada continues to evolve, it reflects the country's commitment to sustainability, technological advancements, and the ever-changing needs of its diverse consumer base. With a focus on efficiency, convenience, and environmental consciousness, the market presents opportunities for manufacturers and retailers to innovate and cater to the demands of Canadian consumers. Considered in this report • Geography: Canada • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Canada washing machine market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product type • Front Load Automatic • Top Load Automatic • Semi Automatic • Dryer By Capacity • Below 6 Kg • 6.1 Kg to 8 Kg • Above 8 Kg By Technology • Smart Connected • Conventional By Distribution Channel • Multi Branded Store • Brand Exculsive strores • Supermarket and Hypermarkets • Online • other (institutional sales) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to washing machine industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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