Malaysia Dishwasher Market to Grow at an Impressive 9.53% CAGR until 2026
With increasing
hospitality services, and popularity of household chores due to the impact of
COVID-19, dishwashers are expected to register robust demand in the forecast
period.
According to TechSci
report on, “Malaysia Dishwasher Market By Type (Built-in vs
Free-standing Dishwasher) By Distribution Channel (Multi-Branded stores,
Exclusive Stores, Hypermarket/ Supermarket, and Online) By Region, Competition
Forecast & Opportunities, 2026”, Malaysia dishwasher market stood around USD31.32 million in 2020 and is
expected to reach USD52.90 million in 2026. Malaysia dishwasher market owes its
growth to the factors like increasing number of working families and prevalence
of in-home cooking. In small/nuclear families, with all adult members full time
working, house chores become a difficult task. To overcome the exhaustive process
of hand-dishwashing, the product demand is increasing thus driving the Malaysia
dishwasher market growth. Stainless steel dishwashers are prevailing as a
favorable product in the market. These products require lower heat, are low
maintenance, and saves energy, among others. The favorable facts of the
products drive the market growth in the next five years. Moreover,
technological advancements like glass protection, shine enhancers, rinse aid,
soundproof, and LED touch panels are attracting more consumers. New players may
launch technologically advanced products with better graphic-user interface
(GUI), facility of less water and electricity consumption, etc.
Built-in and
free-standing are two types of dishwashers available in the Malaysian market.
Built-in dishwashers come with more features but are expensive owing to its
large arena of functionalities, specialized wash cycles, multiple targeted
sprays. Built-in dishwasher sales are expected to grow in the next five years,
owing to the fact that consumers are getting more inclined towards modular
kitchen, with their disposable income in hand, they are able to make the
purchases. Moreover, the market sees a demand for importance of compact and
small spaces thereby demanding a better area planning, this drives the market
growth of built-in dishwasher multiple folds.
Browse over 19 market data Figures and 3 tables spread
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on "Malaysia Dishwasher Market"
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The
Malaysia dishwasher market is segmented based on type, distribution channel,
regional distribution, and competitional landscape. Based on distribution
channel, the market is further segmented into multi-branded stores, exclusive
stores, hypermarket/supermarket, and online sources. Multi-brands stores that deal
in multiple brands of electronic appliances are the largest contributor in the
sales of dishwashers in Malaysia. Consumers opt for multi-branded stores for
the viable options of similar products and to compare the features at a similar
price range but various functions thereby finding the exact product they
require as well as can afford. In the recent times of pandemic, the market also
started expanding through the online segment. Due to lockdown, consumers were
not able to visit the offline distributors or to choose their product. In such
wakes, online portals and online retailers gained a lot of attention for the
features and specifications are well explained and price range can be compared
on a wider range of products. Online segment is expected to grow fastest in the
next five years since the threat of the virus spread has not yet ceased. After observing a setback, dishwasher market is
expected to revisit its growth and show a promising future.
Some
of the top players in the Malaysia dishwasher Market are Robert Bosch Sdn.
Bhd., Electrolux Home Appliances Sdn. Bhd., Panasonic Malaysia Sdn. Bhd.,
Toshiba Sales & Services Sdn. Bhd., Midea Scott & English Electronics
Sdn. Bhd., GE Appliances (Malaysia), Fiamma Sdn. Bhd., etc. among others. The
companies are involving themselves into research and development for the
methods of better quality, and various quality analysis tests to provide the
better products.
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“Malaysia dishwasher market is expected to witness significant growth
during the forecast period. Moreover, domestic players are focusing on providing
cheaper products which is further prompting consumers to buy dishwashers, aiding
the growth of dishwasher’s market in the country. Rapid penetrations by the
international brand may pose minor threat to the domestic market of Malaysia
although, if the new players come up with technologically advanced products at
a feasible price, they may overcome the threat. Increased urbanization in the
various regions of the country is expected to drive the Malaysia dishwasher
market to its anticipated growth, general awareness along with the better
product marketing are likely to improve future sales,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Malaysia Dishwasher
Market By Type (Built-in vs Free-standing Dishwasher) By Distribution Channel
(Multi-Branded stores, Exclusive Stores, Hypermarket/ Supermarket, and Online)
By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of Malaysia
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 Malaysia dishwasher market.
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