According to a new report published by Allied Market Research, titled, “Portable Dishwasher Market by Price-Range, End-Use, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”
The global portable dishwasher market size was valued at $4,594.3 million in 2020, and is projected to reach $9,829.1 million by 2030, registering a CAGR of 9.9%. Asia-Pacific was the highest revenue contributor, accounting for $2,092.7 million in 2020.
In the recent past, the home appliances sector has been enduring with some influential trends, which has successfully gained the attention of the target customers. Improvised aesthetic trend is one of those influential factors that help drive the demand for home appliances such as portable dishwashers. Black turns out to be the most preferred color among the customers even when it comes to buying any kind of kitchen appliance. Taking this view into consideration, some of the key manufacturers in the global kitchen appliances market have been adopting several key product strategies. For instance, Whirlpool Corporation is one of the key players in the global portable dishwasher market that strategizes on coming up with majority of its appliances in black stainless with rich matte look, making it attractive and alluring for its customers.
Continuous evolution and improvisation of product offerings facilitated by manufacturers have considerably contributed toward the overall growth of the market, in terms of value sales. The development of the kitchen appliances sector are the portable dishwasher market trends in the market.
Technological upgradation in appliances is majorly attracting consumers to buy and replace their old home appliances. Many appliance manufactures are upgrading products to stand apart from their competitors. Thus, dishwashers are now available with built-in and portable technologies, which is further anticipated to positively influence the global portable dishwasher market throughout the forecast period.
According to the portable dishwasher market analysis, the market is segmented into price range, end user, distribution channel, and region. On the basis of price range, the market is categorized into economy, mid-range, and luxury. By end user, it is segregated into residential and commercial. According to distribution channel, it is divided into supermarket & hypermarket, specialty store, convenience store, e-commerce, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Depending on price range, the economy segment dominated the portable dishwasher market with around 55.7% share of the overall revenue in 2020. However, the luxury segment is expected to witness significant growth during the forecast period. This is attributed to the fact that people are improving their standard of living by designing their homes and kitchens and installing advanced appliances and electronic gadgets. Furthermore, rise in influence of printed or online documentation, websites, advertising campaigns, and other marketing communication materials for portable dishwashers is influencing their sales, which fosters the portable dishwasher market growth.
On the basis of end user, the commercial segment is estimated to reach $5,669.9 billion by 2030, at a CAGR of 9.5%. This is attributed to the fact that development of the food services industry and expansion of food chain outlets are creating demand for dishwashers, microwave ovens, and vacuum cleaners in hospitality and food services industries, hospital & clinics, government & commercial complexes, and manufacturing industries.
By distribution channel, the e-commerce segment was valued at $561.6 billion in 2020, and is expected to reach $1,318.7 billion by 2030, registering a CAGR of 11.0% from 2021 to 2030. This is attributed to easy accessibility offered by online platforms make them a popular medium for the purchase of white goods products. In addition, easy availability of information and demo provided about the appliances and the facility of home delivery foster the sale of portable dishwasher through the e-commerce segment.
Region wise, Asia-Pacific was the major share contributor in the portable dishwasher market, followed by North America in 2020. .There is an increase in the adoption of smart kitchen appliances due to rise in trend of modular kitchen among consumers which has led the growth of the market. Increase in penetration of international brands in South Asian countries including China has been widening the product offerings of Asia Pacific.
The key players profiled in this report include Danby, Electrolux AB, Haier lnc., Havells India Limited, LG Electronics Inc., Midea Group, Panasonic Corporation, Samsung Electronics Co. Ltd., the Middleby Corporation, and Whirlpool Corp.
Key findings of the study
- By price range, the economy segment held the highest share, accounting for 57.5% of the global portable dishwasher industry.
- Depending on end use, the commercial segment garnered the highest portable dishwasher market share of 59.8%.
- Region wise, Asia-Pacific held the major share in the market, and is expected to remain dominant throughout the portable dishwasher market forecast period.