Allied Market Research
Loading...
0

Dishwasher Market expected to reach $54,293.40 Million by 2030-Allied Market Research

 

Report Code : A13877

quote Rise in the number of small-sized foodservice entities is driving the market expansion, however, the industry is facing significant challenges due Long replacement cycle and high-cost of dishwashers in the market quote

Vidit Gite
Research Analyst, Consumer Goods at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Global Dishwasher Market by Product Type, Application, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2030,”global dishwasher market size was valued at US$ 25,370.0million in 2020 and is projected to reach $ 54,293.4 million by 2030, growing at a CAGR of 7.5% during the forecast period 2021 to 2030.        

In recent times, rise in number of small-sized foodservice entities across the world drives the consumption of dishwasher as foodservice industry is experiencing rapid growth across the globe. Foodservice entities refer to those companies, businesses, institutions, and organizations that prepare meal and serve them to the consumers or customers. Foodservice entities include restaurants, catering units, hotels, cafeterias, and similar other units, which are the major end-users of dishwasher.

Changes in lifestyle, growth in disposable income of the consumers, increased standards of living, and improved spending capacity of consumers have given a rise to its per capita consumption in emerging regions like India and China.

Apart from this, rapid urbanization has led to an expansion in modern retail formats such as departmental stores, multiband stores, wholesalers, specialty stores, and online retails, which contributes toward an increase in the global sales of dishwashers, thereby driving the growth of the dishwasher market globally.

It is seen that due to COVID-19, the consumers have become more conscious about their health and hygiene, which resultedan upsurge in the dishwasher adoption. Dishwashers effectively clean dishes and eliminate germs and bacteria. For instance, a dishwasher launched by GE Appliances helps prevent bacteria growth. This type of newly launched product fueled the sales and adoption of dishwashers among the consumers, thereby, propelled the global dishwasher market growth.

The rise in the number of employment resulted in busy and hectic schedules. The busy lifestyle of the consumers resulted in higher adoption of dishwashers as the consumers do not have enough time to invest in the regular household chores. Moreover, rise in the female working population have significantly boosted the sales of the dishwashers especially in the developed markets and a similar trend is expected to be witnessed in the developing markets. Further, increase in number of nuclear families has exponentially boosted the demand for the dishwasher market. Portable dishwashers perfectly serves the budget limitations, space limitations, and effective dish cleaning needs of the small families.

The dishwasher market is segmented into product type, application, distribution channel, and region. On the basis of product type, the market is classified into built-in dishwashers, portable dishwashers, and drawer dishwashers. By application, it is segregated into households and commercial. Depending on distribution channel, it is divided into multi-brand stores, wholesalers, specialty stores, online retails, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).

According to the dishwasher market analysis, based on the product type, the built-in dishwashers accounted for 68.6% of the global dishwasher market share in 2020. This is primarily due to the higher adoption of built-in dishwashers in the households and commercial spaces of developed markets.

As per the dishwasher market forecast, based on the application, the households segment is the dominating segment and is projected to be the fastest-growing segment owing to the surge in adoption of technologically advanced and cost-effective dishwashers.

According to the dishwasher market trends, depending on the distribution channel, online retails segment is expected to be the trending channel across the globe owing to the rise in penetration of internet, ease &convenience of shopping, and growth in popularity of online retail platforms such as Amazon, eBay, Walmart, and Flipkart.

Players operating in the global dishwasher market have adopted various developmental strategies to expand their market share, exploit the market opportunities, and increase profitability in the market. The key players profiled in this report include Asko Appliances AB, FagorElectrodomestico, Haier Group Corporation, LG Electronics, Inc., Middleby Corporation, Miele& Cie. KG, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Whirlpool Corporation, and Baumatic Ltd.

Key Findings of the Study

  • Based on type segment, the built-in dishwashers accounted for the highest market share in 2020, growing at a CAGR of 9.6% and portable dishwasherswas the fastest growing type with a CAGR of 11.20% between the years 2021 and 2030.
  • On the basis of application, the households segment accounted for about 69.0% of market share in 2020. However, the commercialsegment is expected to grow at a CAGR of 9.6% during the forecast period, owing to increase in consumer standards and improved economic stability.
  • Based on region, North America accounted for about 37.7% of the market share in 2020 and is expected to grow at a CAGR of 9.50% during the forecast period.
  • Some of the key players profiled in the dishwasher market analysis include Asko Appliances AB, FagorElectrodoméstico, Haier Group Corporation, LG Electronics Inc., Middle by Corporation, Miele& Cie. KG, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Whirlpool Corporation and Baumatic Ltd.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Dishwasher Market by Product (Built-in Dishwashers, Portable Dishwashers, and Drawer Dishwashers),Application (Households and Commercial), and Distribution Channel (Multi-brand Stores, Wholesalers, Specialty Stores, Online Retails, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,023 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Dishwasher Market"
Purchase Enquiry