Report ID: SQMIG25E2080
Report ID:
SQMIG25E2080 |
Region:
Global |
Published Date: July, 2001
Pages:
242
|
Tables:
143 |
Figures:
78
In 2021, the Asia Pacific washing machine industry accounted for more than 40% of total revenue. The increasing penetration of these products in the Chinese market can be linked to the expansion. The rapidly growing middle-class population, as well as rising demand for fully automatic and smart linked washing machines from emerging markets such as Indonesia, India, and Vietnam, are expected to contribute to regional demand. The growing demand for energy-efficient gadgets in the United States is boosting the market for washing machines in North America. The increased awareness of ENERGY STAR certified items is fueling growth in the United States. Furthermore, the regional market is expected to increase significantly due to the necessity to replace traditional machinery with smart linked devices.
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REQUEST FREE CUSTOMIZATIONWashing Machine Market size was valued at USD 55.18 billion in 2019 and is poised to grow from USD 58.21 billion in 2023 to USD 94.26 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
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Report ID: SQMIG25E2080