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Smart Connected Washing Machine Market by Product (Top Load and Front Load) and End User (Commercial and Residential) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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CO_182418
Pages: 186
Feb 2018 | 3417 Views
 
Author's : Yash Doshi/Gunjan Jeet Sharma
Tables: 79
Charts: 64
 

Smart Connected Washing Machine Market Overview:

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. Washing machines are home appliances used for washing laundry, as they save time and energy. A smart connected washing machine operates by connecting to the internet using the household Wi-Fi, thereby enabling the user to get real-time information about the washing along with remote access & control. Numerous technological advancements have been carried out in these washing machines during the last decade, leading to their higher efficiency, in terms of saving water and electricity. This in turn makes the smart connected washing machines more lucrative to consumer, as they help in cutting down the cost and effort of doing laundry.

Increase in use of Internet of things (IoT) and rapid urbanization drive the growth of the global smart connected washing machine industry. Moreover, rise in disposable income of people and increase in efficiency of smart connected washing machines such as use of less electricity and water are expected to boost the market growth. However, the availability of laundry shops and growth in online laundry services hinder the growth of the market. On the contrary, technological and innovative advancements related to smart connected washing machines is anticipated to provide lucrative opportunity for the manufactures operating in this market.

Global smart connected washing machine market is segmented on the basis of product, end user, and geography. By product, the market is categorized into top load and front load. Based on end user, 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.).

Smart Connected Washing Machine Market Share, by Geography

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The Asia-Pacific smart connected washing machine market witnessed a rapid growth, as smart connected washing machines have gained popularity owing to their compatibility and user-friendliness features. In addition rapid urbanization and an expanding middle-class population drive the market growth. Moreover, less availability of time for laundry due to hectic lifestyle fuels the demand for smart connected washing machines.

Global Smart Connected Washing Machine Market, by Product Type

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Front loading smart connected washing machine holds a large market share as compared to top loading smart connected washing machines, and is estimated to be the most lucrative segment during the forecast period, due to high consumer preference, lesser human intervention requirement to operate it, higher energy & water efficiency, and improved stain removal ability.

Global Smart Connected Washing Machine Market, by End User

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The residential segment is expected to dominate the smart connected washing machine market throughout the forecast period, as these smart connected machines have gained high preference among residential consumers, as they have prefect laundry washing capabilities for most residential users globally. In addition, the machines significantly save electricity as compared to other washing machines.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the smart connected washing machine market with current trends and future estimations to elucidate the investment pockets.
  • Comprehensive analysis of factors that drive and restrict the growth of the market 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.

Smart Connected Washing Machine Market Key Segments:

By Product

  • Top Load
  • Front Load

By End User

  • 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
 

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

LIST OF TABLES

TABLE 01. GLOBAL SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 02. TOP LOAD SMART CONNECTED WASHING MACHINE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 03. FRONT LOAD SMART CONNECTED WASHING MACHINE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 04. GLOBAL SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 05. GLOBAL COMMERCIAL SMART CONNECTED WASHING MACHINE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 06. RESIDENTIAL SMART CONNECTED WASHING MACHINE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 07. SMART CONNECTED WASHING MACHINE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 08. NORTH AMERICA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 09. NORTH AMERICA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 11. U.S. SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 12. U.S. SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 13. CANADA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2017-2023 ($MILLION)
TABLE 14. CANADA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 15. MEXICO SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 16. MEXICO SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 17. EUROPE SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 18. EUROPE SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 19. EUROPE SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. UK SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 21. UK SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 22. GERMANY SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 23. GERMANY SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 24. FRANCE SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 25. FRANCE SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 26. SPAIN SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 27. SPAIN SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 28. ITALY SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 29. ITALY SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 30. REST OF EUROPE SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 31. REST OF EUROPE SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 34. ASIA-PACIFIC SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 35. INDIA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 36. INDIA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 37. CHINA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 38. CHINA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 39. JAPAN SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 40. JAPAN SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. SOUTH KOREA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 42. SOUTH KOREA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 43. AUSTRALIA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 44. AUSTRALIA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 45. REST OF ASIA-PACIFIC SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 46. REST OF ASIA-PACIFIC SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 47. LAMEA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 48. LAMEA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 49. LAMEA SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 50. BRAZIL SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 51. BRAZIL SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 52. ARGENTINA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 53. ARGENTINA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 54. UAE SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 55. UAE SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 56. SOUTH AFRICA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 57. SOUTH AFRICA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 58. REST OF LAMEA SMART CONNECTED WASHING MACHINE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 59. REST OF LAMEA SMART CONNECTED WASHING MACHINE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 60. AB ELECTROLUX: COMPANY SNAPSHOT
TABLE 61. AB ELECTROLUX: OPERATING SEGMENTS
TABLE 62. HAIER GROUP CORPORATION: COMPANY SNAPSHOT
TABLE 63. HAIER GROUP CORPORATION: OPERATING SEGMENT
TABLE 64. LG CORPORATION: COMPANY SNAPSHOT
TABLE 65. LG CORPORATION: OPERATING SEGMENT
TABLE 66. MIELE & CIE. KG: COMPANY SNAPSHOT
TABLE 67. MIELE & CIE. KG: OPERATING SEGMENT
TABLE 68. PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 69. PANASONIC CORPORATION: OPERATING SEGMENT
TABLE 70. ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 71. ROBERT BOSCH GMBH.: OPERATING SEGMENTS
TABLE 72. SAMSUNG ELECTRONICS CO. LTD.: COMPANY SNAPSHOT
TABLE 73. SAMSUNG ELECTRONICS CO. LTD.: OPERATING SEGMENTS
TABLE 74. SIEMENS AG: COMPANY SNAPSHOT
TABLE 75. SIEMENS AG: OPERATING SEGMENTS
TABLE 76. TECHTRONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT
TABLE 77. TECHTRONIC INDUSTRIES CO. LTD.: OPERATING SEGMENTS
TABLE 78. WHIRLPOOL CORPORATION: COMPANY SNAPSHOT
TABLE 79. WHIRLPOOL CORPORATION: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. TOP INVESTMENT POCKET, BY PRODUCT, 2016
FIGURE 3. TOP WINNING STRATEGIES, BY YEAR, 2015-2018*
FIGURE 4. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2018*
FIGURE 5. TOP WINNING STRATEGIES, BY COMPANY, 2015-2018*
FIGURE 03. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 04. LOW BARGAINING POWER OF BUYERS
FIGURE 05. LOW THREAT OF NEW ENTRANTS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. MODERATE COMPETITIVE RIVALRY
FIGURE 08. IOT CONNECTED DEVICES: CELLULAR AND NONCELLULAR, 2015-2021 (BILLION)
FIGURE 09. PERCENTAGE OF TOTAL POPULATION UNDER URBANIZATION, 2013-2016
FIGURE 10. GLOBAL CONSUMER EXPENDITURE AND ANNUAL DISPOSABLE INCOME GROWTH, 2009-2016 (%)
FIGURE 11. TOP PLAYER POSITIONING
FIGURE 12. GLOBAL SMART CONNECTED WASHING MACHINE MARKET SHARE, BY PRODUCT, 2016-2023
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF TOP LOAD SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF FRONT LOAD SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 15. GLOBAL SMART CONNECTED WASHING MACHINE MARKET SHARE, BY END USER, 2016-2023
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF RESIDENTIAL SMART CONNECTED WASHING MACHINE MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 18. GLOBAL SMART CONNECTED WASHING MACHINE MARKET SHARE, BY END USER, 2016-2023
FIGURE 19. U.S. SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 20. CANADA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 21. MEXICO SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 22. UK SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 23. GERMANY SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 24. FRANCE SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 25. SPAIN SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 26. ITALY SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 27. REST OF EUROPE SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 28. CHINA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 29. CHINA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 30. JAPAN SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 31. SOUTH KOREA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 32. AUSTRALIA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 33. REST OF ASIA-PACIFIC SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 34. BRAZIL SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 35. ARGENTINA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 36. UAE SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 37. SOUTH AFRICA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 38. REST OF LAMEA SMART CONNECTED WASHING MACHINE MARKET, 2016-2023 ($MILLION)
FIGURE 39. AB ELECTROLUX: NET SALES, 2014-2016 ($MILLION)
FIGURE 40. AB ELECTROLUX: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 41. AB ELECTROLUX: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 42. HAIER GROUP CORPORATION: NET SALES, 2014-2016 ($MILLION)
FIGURE 43. HAIER GROUP CORPORATION: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 44. LG CORPORATION: NET SALES, 2014-2016 ($MILLION)
FIGURE 45. LG CORPORATION: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 46. LG CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. PANASONIC CORPORATION: NET SALES, 2015-2017 ($MILLION)
FIGURE 48. PANASONIC CORPORATION: REVENUE SHARE BY BUSINESS SEGMENT, 2017 (%)
FIGURE 49. PANASONIC CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 50. ROBERT BOSCH GMBH: NET SALES, 2014-2016 ($MILLION)
FIGURE 51. ROBERT BOSCH GMBH: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 52. ROBERT BOSCH GMBH: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 53. SAMSUNG ELECTRONICS CO. LTD: NET SALES, 2014-2016 ($MILLION)
FIGURE 54. SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 55. SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 56. SIEMENS AG: NET SALES, 2014-2016 ($MILLION)
FIGURE 57. SIEMENS AG: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 58. SIEMENS AG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 59. TECHTRONIC INDUSTRIES CO. LTD.: NET SALES, 2015-2017 ($MILLION)
FIGURE 60. TECHTRONIC INDUSTRIES CO. LTD.: REVENUE SHARE BY BUSINESS SEGMENT, 2017 (%)
FIGURE 61. TECHTRONIC INDUSTRIES CO. LTD.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 62. WHIRLPOOL CORPORATION: NET SALES, 2014-2016 ($MILLION)
FIGURE 63. WHIRLPOOL CORPORATION: REVENUE SHARE BY BUSINESS SEGMENT, 2016 (%)
FIGURE 64. WHIRLPOOL CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Smart connected washing machine is a laundry washing appliance, which is widely used to save time and energy required to do laundry. Washing machine is generally viewed as a necessity goods rather than a luxury good, due to increase in urbanization. Economic growth of various countries across the globe has contributed to growth of the smart connected washing machine market. Depending on the customer preference and requirement, different types of smart connected washing machines are available in the market such as top load and front load. Furthermore, depending on the end user, the industry offers commercial and residential washing machines. The smart connected washing machine further helps in assisting the user in case of machine malfunction.

These machines offer a user-friendly interface and are highly efficient, which fuel their adoption, thereby boosting the market growth. Moreover, multiple washing machine models are integrated with self-cleaning elements, involving soaking the laundry for longer time and then high-speed spinning to clean them without the use of chemicals. Sixth sense is another innovative technology used in smart connected washing machines.

Various energy-efficient standards are imposed by various government and environmental regulatory bodies on washing machine manufactures. Thus, manufactures are seeking for smarter ways to make their product energy efficient. Manufactures such as Speed Queen, Maytag, and Whirlpool focus on developing heat pump-powered dryers rather than the conventional electricity and gas dryers. Heat pump dryers are 30% more energy efficient than traditional dryers. Residential washing machine brands such as Whirlpool, LG, Electrolux, and Haier are significantly investing on water-saving capabilities of washing machine.

 

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