Dublin, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The "Dishwasher Market Report, Forecast by Product, Application, Distribution Channels, Countries and Company Analysis, 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global dishwasher market has been estimated to be US$ 34.70 billion in 2023 and is expected to reach US$ 43.33 billion by 2032, with the Compound Annual Growth Rate of 2.50% during the forecast period of 2024 to 2032. The market growth is attributed to the rise in a disposable income, changes in consumer preferences, and advancement in dishwasher products. Industry leaders seen in the Global Dishwasher Market Include Electrolux AB, Panasonic, Whirlpool, Robert Bosch Gmbh, Samsung, Siemens, LG Electronics, and Haiers.
Dishwasher Market Technological advancements
Continual advances in technology have led to steady development in the dishwasher manufacturing business. Some of these include connecting the dishwasher to a Wi-Fi, voice control and the control of the dishwasher using the mobile application to monitor the progress of the dishwasher. It uses high technology sensors and artificial intelligence algorithms in management of water and energy to make certain that it is both effective and environmentally friendly. Novel washing features such as focused water spray and dedicated wash areas improve cleaning for complex foods and stains on dishes.
Newer dishwaters have also come with even quieter motors and better insulation, meaning they can be installed in areas where people want to hear what is going on around them, such as in houses with an open plan. In addition, new technologies enhance user satisfaction, draw attention to tech-savvy consumers, contribute to the development of new markets and make existing users replace their appliances. Nov 2023, Hisense unveils the Smart Built-In Dishwasher with Autodose & Autodry, a smart dishwasher that features, data line liquid detergent auto-dousing and auto-dry door pop-out integrated in the U. S market.
Changing lifestyles and urbanization:
The main drivers which can be seen are changing life styles and increase rate in urbanization that is driving the dishwasher market. Because the awareness of urbanization is rising and consumers have many demands on the time that they cannot spend on washing dishes manually, the probability of using dishwashers also rises. The modern families are concentrating at two working persons per family reducing the time to manually wash the dishes hence dishwashers are deemed to fit the market well.
Moreover, the small floor area in urban markets has promoted innovation in dishwasher designs in that white, space-saving designs are common in apartments. Another factor is the greater reliance and consumption of eating out and takeaway services which in turn enhances the application of dishwashers in canteens and eating places. Besides, as the level of Awareness of hygiene rises especially as a result of world health issues, dishwashers are considered more hygiene than hand washing hence the increased use of dishwashers at home and in business establishments.
Environmental consciousness and regulations:
The growth of the dishwasher business is a result of growing concerns of the environment and the enactment of strict energy standards. Due to demand from the consumers for the protection of environment, dish washers have evolved to be very efficient in its consumption of water and energy. Rules of displaying energy efficiency at home and eco-labeling programs have been established in many countries of the world for using more energy-efficient appliances.
Such requirements are forcing governments to enactment policies that seek to eliminate older models from circulation; thus, ensuring that new and efficient, environmentally friendly models are on the market. It also concerns such aspects as environmentally friendly manufacturing and parts, for example, using recycled plastic in dishwashers' parts, since buyer-conscious and legislative trends require it.
Europe Dishwasher Market Overview:
Europeans are now inexorably more occupied than before, have admitted that they no longer have time for manual washing of dishes hence require dishwasher. Improved and water-efficient European dishwashers with efficiency standards of Energy Star are on the rise in the European market. Again, Europeans have higher disposable income and therefore the consumer will be more willing to purchase anything that will ease their lives, including appliances.
Also, the segment of reliance on an online store should increase at a higher rate due to specified promotions and convenient shopping. In September 2023, Electrolux AB launched a new product in the compact dishwasher range that it called the 55cm UltimateCare 300 with eight place settings. This is free for basic installation in Western European countries and is accompanied by additional extras like the 'Eco program mode' and child lock system.
Company Analysis: Overview, Key Personnel, Recent Developments & Strategies, Recent Product Portfolio & Product Launches, Revenue
- Electrolux AB
- Panasonic
- Whirlpool
- Robert Bosch Gmbh
- Samsung
- Siemens
- LG Electronics
- Haiers
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $34.7 Billion |
| Forecasted Market Value (USD) by 2032 | $43.33 Billion |
| Compound Annual Growth Rate | 2.5% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Dishwasher Market
6. Dishwasher Market Share Analysis
6.1 By Products
6.2 By Application
6.3 By Distribution Channel
6.4 By Countries
7. By Product
7.1 Freestanding
7.2 Built-in
8. By Application
8.1 Commercial
8.2 Residential
9. By Distribution Channels
9.1 Offline
9.2 Online
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 United Arab Emirates
11. Dishwasher MarketPorter's Five Forces Analysis
11.1 Threat of New Entry
11.2 The Bargaining Power of Buyer
11.3 Threat of Substitution
11.4 The Bargaining Power of Supplier
11.5 Competitive Rivalry
12. Dishwasher MarketSWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threats
13. Dishwasher MarketMerger & Acquisitions
14. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/d99rwh
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