DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mw4k9z/global_dishwasher) has announced the addition of the "Global Dishwasher Market 2015-2019" report to their offering.
The Global Dishwasher market to grow at a CAGR of 6.38% and 5.36% in terms of revenue and unit shipment, respectively, during the period 2014-2019
A dishwasher is a mechanical way of washing dishes and utensils. There are of two types of dishwasher: Built-in dishwashers and freestanding dishwashers. Built-in dishwasher is an integrated kitchen appliance connected to the flow of other kitchen accessories whereas freestanding dishwasher is not. Dishwashers not only save time but also water and energy. The increasing popularity of modular kitchens and the development of countertops and kitchen cabinets are boosting the sales of built-in dishwashers worldwide.
Increased focus worldwide on home improvements and renovation, especially in developing countries, is a major trend upcoming in this market. The demand for built-in dishwashers is expected to increase steadily during the forecast period because of the increasing demand for modular kitchens in developing countries.
According to the report, increase in disposable income worldwide is one of the key drivers of this market. The increase in disposable income has led to increased interest in buying luxury goods that add value to homes and help ease daily household chores, thus leaving time for other important activities.
Further, the report states that high costs of built-in dishwashers are currently hindering market growth. The technology implemented in built-in dishwashers is complex and needs in-depth R&D. This has increased the overall investment considerably and is hampering market growth.
To calculate market size, the report considers the number of following types of dishwashers shipped worldwide:
- Freestanding Dishwashers
- Bosch und Siemens Hausgerät
- LG Electronics
Other Prominent Vendors
- AGA Rangemaster Group
- Asko Appliance
- General Electric
- Haier Group
- Sears Group
For more information visit http://www.researchandmarkets.com/research/mw4k9z/global_dishwasher