Dishwasher Market is Predicted to Expand at 5.8% CAGR and Reach a Market Valuation of US$ 12,406.1 Million by 2033 | Future Market Insights, Inc.
NEWARK, DE / ACCESSWIRE / March 28, 2023 / The global dishwasher market is worth US$ 7,059.6 Million as of now and is expected to reach US$ 12,406.1 Million by the year 2033 at a CAGR of 5.8% between 2023 and 2033.
Consumers, for the last few years, have been going for stainless-steel dishwashers as they imply lower maintenance. Plus, it's a known fact that stainless-steel products need lower wattage heat to enable drying. As such, they save on energy. The customers are also opting for innovative features like shine enhancers, glass protection, LED touch panels, and also that help in rinsing and are soundproof.
The busy schedules on the part of working professionals are actually encouraging them to usage of kitchen appliances that could save on downtime. Moreover, the good part is that these appliances help in the conservation of water as well.
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The key manufacturers have actually been investing on provision of extra advantages to the consumers since the last few years. They have been integrating sensors to the products so that things like level of detergents could be monitored through smartphones along with conveying alerts about wash cycles. Coming to personalization, companies like Robert Bosch GmbH, in March 2019, did announce launching India-specific dishwashers to assemble the ‘Kadhai' feature; which is indispensable as far as the Indian audience is concerned. These dishwashers are also readily available on e-Commerce platforms.
Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘Dishwasher Market'. IT has its dedicated team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
"With realization that adoption of dishwasher saves on water, time, and energy, the global dishwasher market is likely to grow on a scintillating note going forward", says an analyst from Future Market Insights.
Key Takeaways from Dishwasher Market
The Asia-Pacific holds over 30% of the market share due to the region being home to stronger consumer base. India, Taiwan, South Korea, Japan, and China are the flagbearers. The key manufacturers are tabling a series of customized products to cater to the localized population. Along these lines, Haier Group has launched Chinese-style 60cm and 45cm Hybrid series dishwasher. India is expected to grow on the back of the pandemic that compelled the population to opt for dishwashers. Lockdowns had drawn an axe on househelps' services. Many households have continued with dishwashers since then.
North America holds a significant market share due to expanding manufacturing base of key players like GE Appliances, Robert Bosch GmbH, The Samsung Group, and likewise in the US and Canada. This is evident from the fact that GE Appliances, in December 2020, did invest US$ 80 Million for expanding the dishwasher manufacturing facility at Ohio, US. Plus, incorporation of energy-efficient kitchen appliances is there to drive market in this region.
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GE Appliances (GEA) (a Haier Company), in 2020, did launch a new dishwasher production line at Louisville supersite. It does feature 100% re-designed extra-large capacity dishwasher platform. This plant is worth US$ 80 Million.
The Whirlpool Corporation, in October 2020, came up with the largest-capacity, 3rd rack dishwasher for the customers based out of the US. This dishwasher does let them fit bowls and mugs along with providing an additional shelf space for loading more number of dishes to wash.
Hisense Group, in April 2019, completed acquisition of Gorenje for expanding the dishwasher and cooking appliances in Eastern and Central Europe, Scandinavia, and Germany.
Bosch India, in August 2020, came up with a digital campaign called ‘Indian Kitchen ka Dishwasher' for educating the consumers and busting myths related to usage of dishwashers. Moreover, this very first dishwasher campaign did showcase Bosch's dishwashers, thereby providing the consumers access to the hygienic dishes while ascertaining convenience.
Global Dishwasher Market- The Giant Manufacturers
Aga Rangemaster group
Sears Holding corporation
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Global Dishwasher Market- The Segmentations
By Product Type:
By Sales Channel:
Other Sales Channel
What does the Report dish out?
The research study is based on product type (freestanding and built-in), by application (residential and commercial), and by sales channel (wholesalers/distributors, multi-brand stores, specialty stores, supermarkets/hypermarkets, online retailers, and likewise).
With an excessive demand for time management amidst fast-paced lifestyle, the global dishwasher market is bound to grow on a good note in the forecast period.
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Table of Content
1. Executive Summary | Dishwasher Market
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Definition
2.2. Market Taxonomy
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
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