Smart Connected Washing Machine Market by Product and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580618
  • Report
  • Region: Global
  • 186 pages
  • Allied Analytics LLP
1 of 4
Washing machine is commonly used for washing laundry. Smart connected washing machine connects to household WiFi, and can be controlled with the help of an app installed in the user smartphone. This smart connect technology used in washing machine enables users to get real-time information about the various stages of washing along with remote access and control. Furthermore, the smart connected washing machine helps in efficient use of electricity and water during the washing process, thereby saving on the electricity bills and conserving water.

The major factors that drive the growth of the global smart connected washing machine industry include increase in use of Internet of things (IoT) and rapid urbanization. In addition, high efficiency of smart connected washing machines, in terms of washing and energy conservation, has fuel the growth of the market. Furthermore, rise in disposable income of people is expected to fuel the demand for smart connected washing machines, as people seek for convenience products to owing to their hectic lifestyle. However, laundry shops that provide better service compared to washing machines and increase in online laundry services limit the market growth. Moreover, lack of internet penetration has restrained the market growth of smart connected washing machine. On the contrary, technological progress in washing machine technology and innovation have led to development of improved smart connected washing machines, which save energy and water consumption, thereby presenting a major opportunity for growth of the market size.

The global smart connected washing machine market is segmented on the basis of product, end users, and geography. By product, the market is categorized into top load and front load. Based on end users, it is bifurcated into commercial and residential. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players analyzed in this report are Samsung Group (South Korea), LG Electronics Inc. (South Korea), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (U.S.), Robert Bosch GmbH (Germany), Techtronic Industries (U.S.), Panasonic Corporation (Japan), and GE Appliances (U.S.).

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the smart connect washing machine market, with current trends and future estimations to elucidate the investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis of different segments facilitates to understand various products of the market.
Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.

Key Market Segments

By Product Type

Top load
Front load

By End Users

Residential
Commercial

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
South Africa
Rest of LAMEA
READ MORE
Note: Product cover images may vary from those shown
2 of 4
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key finding of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Thereat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in use of Internet of Things (IoT)
3.4.1.2. Increase in urbanization
3.4.1.3. Rise in disposable income
3.4.2. Restraints
3.4.2.1. Availability of laundry shops & rise in online laundry services
3.4.2.2. Lack of internet penetration
3.4.3. Opportunity
3.4.3.1. Technological and innovative advancements in the washing machine industry
3.5. Top player positioning

CHAPTER 4: SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Top load
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis, by country
4.3. Front load
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis, by country

CHAPTER 5: SMART CONNECTED WASHING MACHINE MARKET, BY END USER
5.1. Overview
5.1.1. Market size and forecast
5.2. Commercial
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis, by country
5.3. Residential
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis, by country

CHAPTER 6: SMART CONNECTED WASHING MACHINE MARKET, BY GEOGRAPHY
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by product
6.2.3. Market size and forecast, by end user
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by product
6.2.5.2. Market size and forecast, by end user
6.2.6. Canada
6.2.6.1. Market size and forecast, by product
6.2.6.2. Market size and forecast, by end user
6.2.7. Mexico
6.2.7.1. Market size and forecast, by product
6.2.7.2. Market size and forecast, by end user
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by product
6.3.3. Market size and forecast, by end user
6.3.4. Market size and forecast, by country
6.3.5. UK
6.3.5.1. Market size and forecast, by product
6.3.5.2. Market size and forecast, by end user
6.3.6. Germany
6.3.6.1. Market size and forecast, by product
6.3.6.2. Market size and forecast, by end user
6.3.7. France
6.3.7.1. Market size and forecast, by product
6.3.7.2. Market size and forecast, by end user
6.3.8. Spain
6.3.8.1. Market size and forecast, by product
6.3.8.2. Market size and forecast, by end user
6.3.9. Italy
6.3.9.1. Market size and forecast, by product
6.3.9.2. Market size and forecast, by end user
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by product
6.3.10.2. Market size and forecast, by end user
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by product
6.4.3. Market size and forecast, by end user
6.4.4. Market size and forecast, by country
6.4.5. India
6.4.5.1. Market size and forecast, by product
6.4.5.2. Market size and forecast, by end user
6.4.6. China
6.4.6.1. Market size and forecast, by product
6.4.6.2. Market size and forecast, by end user
6.4.7. Japan
6.4.7.1. Market size and forecast, by product
6.4.7.2. Market size and forecast, by end user
6.4.8. South Korea
6.4.8.1. Market size and forecast, by product
6.4.8.2. Market size and forecast, by end user
6.4.9. Australia
6.4.9.1. Market size and forecast, by product
6.4.9.2. Market size and forecast, by end user
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast, by product
6.4.10.2. Market size and forecast, by end user
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by product
6.5.3. Market size and forecast, by end user
6.5.4. Market size and forecast, by country
6.5.5. Brazil
6.5.5.1. Market size and forecast, by product
6.5.5.2. Market size and forecast, by end user
6.5.6. Argentina
6.5.6.1. Market size and forecast, by product
6.5.6.2. Market size and forecast, by end user
6.5.7. UAE
6.5.7.1. Market size and forecast, by product
6.5.7.2. Market size and forecast, by end user
6.5.8. South Africa
6.5.8.1. Market size and forecast, by product
6.5.8.2. Market size and forecast, by end user
6.5.9. Rest of LAMEA
6.5.9.1. Market size and forecast, by product
6.5.9.2. Market size and forecast, by end user

CHAPTER 7: COMPANY PROFILES
7.1. AB Electrolux
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments
7.2. Haier Group Corporation
7.2.1. Company overview
7.2.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.3. LG Corporation
7.3.1. Company overview
7.3.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.4. Miele & Cie. KG
7.4.1. Company overview
7.4.2. Company snapshot
7.6.3. Operating business segments
7.5. Panasonic Corporation
7.5.1. Company overview
7.5.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.6. Robert Bosch GmbH
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.7. Samsung Electronics Co. Ltd.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Key strategic moves and developments
7.8. Siemens AG
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments
7.9. Techtronic Industries Co. Ltd.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.9.5. Key strategic moves and developments
7.10. Whirlpool Corporation
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
7.10.5. Key strategic moves and developments
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
According to a new report titled, Smart Connected Washing Machine Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global smart connected washing machine market was valued at $3,712 million in 2016, and is projected to reach $13,631 million by 2023, growing at a CAGR of 22.60% from 2017 to 2023. The front load smart connect washing machine accounted for more than 61% of the global market in 2016.

Washing machines are used for the laundry washing purpose, thus saving time and energy. Product innovations have led to the development of smart connected washing machines that increase comfort level and convenience for customers. Some other features of smart connected washing machines include efficient use of water and electricity during the washing process. Moreover, the introduction of these machines has enabled users to get real-time information about the various stages of washing along with remote access & control.

By product, the global smart connected washing machine market is divided into top load and front load. The front load smart connected washing machine is expected to register the highest CAGR throughout the analysis period, owing to increase in urbanization and its user-friendliness feature.

Based on end user, the market is bifurcated into commercial and residential. The residential end user is the most lucrative segment, as smart connected washing machines offer enhanced energy efficiency and higher value for money, in terms of laundry washing, which in turn helps people save on electricity bills.

Key findings of the Smart Connected Washing Machine Market:

The front load smart connect washing machine is expected to grow at a high CAGR of 23.10%, in terms of value, during the forecast period.
The residential segment is anticipated to grow at a high CAGR of 22.80%, in terms of value.
Asia-Pacific is expected to grow at the highest CAGR of 23.40%, in terms of value.
The North American smart connect washing machine accounted for more than 33% of the global market in 2016.
U.S. in North American smart connect washing machine accounted for more than 74% of the North American market in 2016.

In 2016, North America and Europe collectively accounted for more than 65% of the global smart connected washing machine industry, in terms of value, owing to increase in popularity of smart connected washing machines in this region. Furthermore, rise in internet penetration fueled the growth of the market. Asia-Pacific is projected to grow at the highest rate, followed by LAMEA, owing to increase in purchasing power of consumers.
The major companies profiled in this report are Samsung Group (South Korea), LG Electronics Inc. (South Korea), Siemens AG (Germany), Haier Group Corporation (China), AB Electrolux (Sweden), Whirlpool Corporation (U.S.), Robert Bosch GmbH (Germany), Techtronic Industries (U.S.), Panasonic Corporation (Japan), and GE Appliances (U.S.).
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll