Dishwasher Market is Expected to Undergo a Considerable Growth in Coming Years
Increasing demand from
residential as well as commercial sector and growing popularity of modular
kitchen are acting as key factors for the growth of global dishwasher market.
According
to TechSci Research report, “Global Dishwasher
Market By Product Type (Freestanding Dishwasher, Built-In Dishwasher), By Application
(Industrial Dishwasher Vs Residential Dishwasher), By Distribution Channel
(Hypermarket/Supermarket, Specialist Stores, Monobrand Stores, Online &
Others), By Region, Forecast & Opportunities, 2025”, the market is expected to undergo a
substantial growth during the forecast period. Key factors propelling the
growth of global dishwasher market are rising number of the working population, increasing disposable incomes and growing popularity
of modular kitchens owing to space constraints. Moreover, the demand for energy
efficient electric home appliances and rise in adoption of connected home appliances
are also serving as some other major factors behind the spike in demand for
dishwashers around the world. Manufacturers are also involved in extensive
R&D activities to develop technologically advanced, innovative, and
user-friendly dishwashers to meet the growing requirement. Also, dishwashers
are gaining increasing demand from both commercial as well as residential
sector which is expected to further propel the market growth in coming years.
Additionally, the rising focus on water conservation
is creating high demand for water efficient dishwashers and is pushing
manufactures to introduce more such products. Similarly, product innovations
including features such as shine enhancers, glass protection, rinse aid, LED touch panels and soundproof are
supporting the growth of global dishwasher market. Apart from this,
infrastructural development and improving living standards in developing
countries like India and Indonesia are anticipated to augment the growth of
global dishwasher market through 2025. Furthermore, leading dishwasher manufacturers
are introducing localized product depending on the need of consumers from a
particular region or country. This is also expected to boost the global
dishwasher market growth.
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The global
dishwasher market can be segmented based on product type, application,
distribution channel and region. Based on product type, the market can be categorized
into freestanding dishwashers and built-in dishwashers. Among them, the
built-in dishwashers are expected to hold dominance in global market during the forecast period as they
can fit in really compact places and are increasingly being adopted in modular
kitchens. Also, built-in dishwashers are gaining high demand from both
commercial and residential sector which is why the segment is the leading among
the two product types.
Based
on application, global dishwasher market can be segmented into industrial
dishwashers and residential dishwashers. Among the two, the residential
dishwasher segment is expected to undergo fastest CAGR during the forecast
period owing to fast paced lifestyle and growing penetration of household electrical
appliances. Moreover, the increasing spending on modular and designer kitchen
are expected to create high demand for dishwashers from residential sector.
Major players operating in the global dishwasher
market are Haier Group Corporation, Electrolux AB, Aga
Rangemaster Group, LG Electronics Inc., Whirlpool Corporation, Robert Bosch
GmbH, Fagor Electrodomésticos, Samsung Group and Asko Appliances AB, among
others. Key growth strategies being adopted by leading market players are new
product launches, partnerships, mergers & acquisitions and collaborations.
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“North America is one of the leading market for dishwasher
followed by Europe. The high per capita disposable income, availability of
advanced technologies and presence of leading market players in countries like
United States and Canada makes North America a lucrative market for dishwasher
manufactures. However, Asia Pacific is expected to hold significant growth in
coming years owing to large consumer base and introduction of localized
products based on the specific needs of consumers,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global
Dishwasher Market By Product Type (Freestanding Dishwasher, Built-In
Dishwasher), By Application (Industrial Dishwasher Vs Residential Dishwasher),
By Distribution Channel (Hypermarket/Supermarket, Specialist Stores, Monobrand
Stores, Online & Others), By Region, Forecast & Opportunities, 2025” has
evaluated the future growth potential of dishwasher market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global dishwasher market.
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