Russia Laundry Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Russia Laundy Appliances Market has witnessed disturbances in the supply chain and sales of Laundry Appliances backed by the discontinuation of the production due to COVID -19. However, this disruption has only been witnessed for commercial Laundry Appliances. As for the household Laundry Appliances segment, the market has witnessed growth on the back of complete nationwide lockdown and the population is staying in their home have increased the demand for Laundry Appliances as home equipment.

The Laundry Appliances Market includes all types of Washing and Dry Cleaning equipment. Due to the changed lifestyles of people in Russia, they are looking towards equipment which could ease the process for them. As Laundry Appliances reduces the effort required for washing any kind of cloth or garment, it was a prefered option for them. Factors like the increasing number of the middle-class population who can afford washing machine and dryers, growing levels of standard of living, the increasing population of working women are some of the factors igniting the growth of the home Laundry Appliancies market

Further, a spur in the technical features in laundry appliances such as assessment of the need of water needed such that usage of water is made in a sustainable manner and disrupting the power supply when the machine is not in use for the efficient use of electricity is making the innovative Laundry ppliances market an ideal deal for purchase.The Industry has enjoyed an appreciable performance owing to favourable macro-economic policies such as low interest rates; discount and exchange offers coupled with easy financing options like zero down payment and low EMI options. These factors have boosted industry and consumers' sentiments and subsequent growth and demand for Laundry Appliances in Russia.

Key Market Trends

The Washing Machine segment dominating the other types of Laundry Appliances

Although the Laundry Appliances segemnt has a lot of products included in it like Washers/Extractors, Dryers, Chest-type Ironers, Steam boiler, Thermal Fluid Heater for Ironer, Lint Control Devices, Dry Cleaning Equipment , Laundry Sinks, Air Compressors, the Washing Machine segement has dominated the Laundry Appliances Products in the Russian Market. Washing Machines occupy more than 50% of the Laundry Appliances Market in major region in Russia. The major factor responsible for this is the introduction of various sophisticated Washing Machines integrated with advanced features. And even the Laundry Appliances companies have focussed more on the Washing Machine segment , which resulted in this trajectory.

Increase in the Online Sales of the Laundry Appliances

There has been an upsurge in the online sales of the Laundry Aplliances in the Russian Market. Various Online platforms in Russia have enabled door delivery of the Laundry Appliances. The householders who had busy lifestyle with less free time have opted for the Online mode of purchasing Laundry Appliances. Also the online buying option saves a lot of time than buying at the physical store. Majority of the online platforms have kept the prices at an affordable range than the prices of Laundry Appliances at the physical stores. Even the online platforms have provided EMI options, which has attracted a large number of customers. All these factors accounted for the overall growth of online sales of Laundry Appliances in Russia.

Competitive Landscape

The report covers major players in the Canada Laundry Appliances Market. In terms of Market Share, LG and Bosch occupy nearly 35% of the market, followed by Indesit which has occupied 13 % of the Market Share. The Market is moderately consolidated with the top 4 to 5 companies occupying nearly 58 % of the Market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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