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Global Dishwasher Market Research Report, 2023-28

Global Dishwasher Market Research Report, 2023-28

Actual Market Research 28-02-2023 83 Pages Figures : 18 Tables : 24 Category : Consumer Goods & Services Appliances & Equipment

1. Samsung Electronics Co., Limited

2. LG Electronic

3. Robert Bosch GmbH

4. Whirlpool Corporation

5. Electrolux

More...

A dishwasher is a piece of equipment that automatically cleans dishware and cutlery. The growing use of dishwashers in both the residential and commercial sectors is propelling the dishwasher market forward. Furthermore, technological advancements, product accessibility, and changing lifestyles all have an impact on the dishwasher market's growth. The growing popularity of modular kitchens around the world, combined with rising disposable income, will drive dishwasher market growth over the forecast period. Dishwashers are becoming more popular as they save water, time, and labour, which have fueled the dishwasher market growth in recent years. Furthermore, the busy schedules of working professionals, as well as the growing importance of water conservation, encourage people to use kitchen appliances, increasing demand for dishwashers and propelling the dishwasher market forward. Increasing product innovation, such as sensor integration and advanced features such as smartphone connectivity, is driving the growth of the dishwasher market. According to the research report, “Global Dishwasher Market Research Report, 2023-28”, published by Actual Market Research the market is anticipated to reach USD 36.25 Billion by 2028 increasing from USD 23.23 Billion in 2022 with a CAGR of 7.79%. Individuals' growing awareness of the importance of hygiene and cleanliness is driving the market. Furthermore, because dishwasher tablets prevent detergent overuse, increase machine lifespan, and help save water and energy, they are widely used by consumers worldwide. In addition, the introduction of multi-functional dishwasher tablets, which eliminate the need for rinsing agents and other additives during washing, is propelling the market. Furthermore, rising sales of smart dishwashers are fueling market expansion. Furthermore, rising disposable incomes, easy product availability through e-commerce platforms, and product premiumization are some of the other factors positively influencing market growth. Factors such as rising working-class population, preference for streamlined cleaning appliances, modular kitchen adoption, and joint families are driving up demand for the product. The dishwasher market is divided into two product types: freestanding and built-in. The dishwasher market was dominated by freestanding models, which accounted for more than 85% of the total. Customers benefit from extra storage space with freestanding products, and the top of the machine is typically coated with countertop materials or cutting boards. Furthermore, because freestanding products are easily movable, commercial consumers prefer them. The Built-in segment is expected to grow at the fastest CAGR during the forecast period. Due to the built-in products have more features than freestanding products, such as targeted sprays, specialised wash cycles, and multiple spray arms, they are more expensive. The growing popularity of modular kitchens is fueling demand for built-in kitchen appliances. Based on distribution channels, the global dishwasher market can be divided into multi-brand stores, specialty stores, online stores, and others. Due to the fact that they offer a diverse range of dishwashers from various brands, multi-brand stores have the largest market share in the dishwasher market, allowing customers to choose from a diverse range of products. The CAGR for the online channel is the highest during the forecast period. The rise in internet penetration, ease and convenience of shopping, and increased popularity of online retail platforms such as eBay, Walmart, Amazon, and Flipkart are expected to make online retail the trending channel around the world. Based on application type, the market is divided into two categories: residential and commercial. The residential application will lead the global dishwasher market in 2022. Factors such as rising household appliance preferences, increased awareness of cleaning and sanitation, and changing lifestyles are expected to boost segment growth. Furthermore, the adoption of designer and modular kitchen styles is expected to boost product demand during the forecast period. Commercial applications are expected to grow at the fastest rate during the forecast period, with a CAGR of more than 9%. The dishwasher is becoming more popular in commercial settings such as cafes, restaurants, hotels, and pubs due to its ability to clean a large number of glassware and dishes efficiently. Dishwashers have been a constant help in maintaining high hygiene and cleanliness standards, ensuring a smooth workflow among the workers. The European dishwashers market is expected to account for a significant revenue share of the global dishwashers market. This is due to the widespread use of dishwashers in the commercial and residential sectors in European countries such as Germany, France, and Italy. Furthermore, a sizable consumer base is willing to invest in a dishwasher and increase household spending. North America's market is divided into three major countries: the United States, Canada, and Mexico. The United States is North America's largest dishwasher market, followed by Canada and Mexico. The United States has a much larger population than Canada and Mexico, resulting in a larger market for consumer goods like dishwashers. Furthermore, the United States has a high standard of living, and many households have more disposable income, allowing them to purchase more expensive appliances such as dishwashers. The growing preference for a hassle-free lifestyle in Asia-Pacific, as well as the growing industrial application of dishwashers, is driving the region's dishwasher industry forward. Significant changes in living standards and growing urbanisation in developing countries such as China and Japan are expected to boost regional sales of freestanding and built-in dishwashers. The outbreak of the COVID-19 resulted in an increased awareness among the consumers regarding cleanliness and hygiene. This led to a rise in the demand for the dishwashers across the globe. Trends and Opportunities: Increasing consumer awareness of electronic appliances' negative environmental impact. As a result, a player is focusing on producing energy-efficient dishwashers that use less energy and, as a result, have lower carbon footprints. The foregoing can be a profitable opportunity for various players in the global dishwasher market. Restraints: Traditional handwashing of dishes may be preferred in some cultures or regions. This may reduce the popularity of dishwashers and limit market growth in these areas. Dishwashers also require both water and energy to operate, which can result in higher utility bills for consumers. Dishwashers may be less appealing to consumers in areas where water and energy costs are high. Furthermore, in smaller kitchens, there may be insufficient space to install a dishwasher, discouraging some customers from purchasing one. This is especially true in small apartments and other living spaces. Developments: • In August 2020, Bosch India launched a digital campaign named "Indian Kitchen ka Dishwasher" to educate consumers and bust common myths about dishwasher usage. Furthermore, the first-ever dishwasher campaign also showcased the Bosch range of dishwashers, providing consumers access to hygienic dishes while assuring convenience. • In December 2020, GE Appliances (GEA), a Haier company, announced the startup of a new USD 80 million dishwasher manufacturing line at its supersite in Louisville, with a completely redesigned extra-large capacity dishwasher platform. The new dishwasher line, together with production increases in other product categories, added nearly 280 new jobs at Appliance Park as GEA increases output to meet demand. Furthermore, this investment was the second dishwasher investment in 2020. Major Companies present in the market: Asko Appliances AB, Haier Group Corporation, Electrolux AB, Whirlpool Corporation, Robert Bosch GmbH, Miele & Cie, Arçelik AS, Samsung Electronics Co, LG Electronics Inc, Robam Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Global Dishwasher market with its value and forecast along with its segments • Region-wise Dishwasher market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions covered in the report: • North America • Europe • Asia-Pacific • South America • Middle-East & Africa By Product Type: • Built-in • Free Standing By Sales Channel: • Multi-brans Stores • Speciality Store • Online By Application Type: • Residential • Commercial 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 list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports 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 conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Dishwasher 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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