DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Washing Machine Market Analysis By Product (Fully Automatic, Semi-Automatic, Dryers), By Technology (Smart Connected, Conventional), By Capacity, By End-Use, By Application, By Region, And Segment Forecasts, 2014 - 2025" report to their offering.
The global washing machine market is expected to reach USD 42.16 billion by 2025, according to this new report. Increased needs for differentiated products and services have led to an upsurge in investments for R&D activities. Ongoing advancements, such as coin laundry, crowdsourced supply, and on-demand services, are drawing investors toward the laundromat and laundry industries seeking minimal on-site management obligations. Moreover, the commercial laundry space is becoming more automated with the introduction of Internet-enabled features in the washing machines.
Increased number of dual-income households coupled with insufficient time for laundry has led to growing demand for laundromats. Additionally, the growth in the hospitality sector in emerging countries and the advent of on-demand services are expected to propel the commercial washing machine growth. Furthermore, the energy labels and energy efficiency policies have enabled manufacturers to focus on the development of energy-efficient products.
The growth in online laundry services is expected to have a positive impact on the commercial washing machine market. The commercial washing machine market is characterized by the presence of key players who provide conventional washing and laundry services. However, the startups in this industry are struggling to fill in the gap by providing comprehensive solutions at a reasonable price.
The major players include LG Electronics Inc., Samsung Electronics Co. Ltd., Whirlpool Corporation, and Electrolux AB
Emphasis on R&D is a major strategy adopted by the key players to generate financial profits and address the environmental and social issues through technologies and products
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Washing Machine Industry Outlook
4 Washing Machine Product Estimates & Trend Analysis
5 Washing Machine Technology Estimates & Trend Analysis
6 Washing Machine Capacity Estimates & Trend Analysis
7 Washing Machine End-Use Estimates & Trend Analysis
8 Washing Machine Application Estimates & Trend Analysis
9 Washing Machine Regional Estimates & Trend Analysis
10 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/xf7khb/washing_machine