Washing Machines Market Report 2025

The washing machines market size has grown steadily in recent years. It will grow from $69.67 billion in 2024 to $73.11 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid urbanization and rapid technological adoption, and a rise in disposable income.

The washing machines market size is expected to see steady growth in the next few years. It will grow to $85.58 billion in 2029 at a compound annual growth rate (CAGR) of 4%. The growth in the forecast period can be attributed to the increasing smart homes, increasing adoption of 5G networks, increasing population growth, and increasing urbanization. Major trends in the forecast period include artificial intelligence (AI) powered washing machines, smart technology, new product launches and innovation, IoT in washing machines, strategic collaborations and partnerships to drive innovations, and health-focused washing machines.

Rapid urbanization is anticipated to support the growth of the washing machine market during the forecast period. For example, in January 2024, the Independent Commission for Aid Impact (ICAI), a UK-based information and services platform, projected that by 2050, over two-thirds (about 67%) of the global population will reside in urban areas. Similarly, in April 2023, the World Bank reported that 56% of the world’s population, or 4.4 billion people, lived in urban areas in 2023, with this figure expected to more than double by 2050. The increase in the urban population, alongside rising disposable incomes and affordability among city residents, will drive demand for washing machines during the forecast period.

The growing focus on energy efficiency is projected to boost the washing machine market. Energy efficiency involves reducing the energy required to provide products and services, prompting consumers to upgrade from older, less efficient washing machines to newer, more energy-efficient models. Consumers are increasingly seeking energy-efficient appliances, including washing machines, to save on energy costs and reduce environmental impact. For instance, in April 2023, the U.S. Energy Information Administration projected that energy usage in the U.S. industrial sector would rise by 5% to 32% from 2022 to 2050. Additionally, a report by Exxon Mobil Corporation in October 2022 indicated that global electricity demand would grow by 1.8% annually, reaching nearly 50% in the industrial sector by 2050. Consequently, the increasing need for energy efficiency is driving the washing machine market’s growth.

Manufacturers in the washing machines market are responding to the demand for energy efficiency by producing appliances that meet stringent regulations and leverage technological advancements. Currently, over 80 countries have standards and labels for energy-efficient appliances. For instance, ENERGY STAR certified washing machines in the USA use 25% less energy and 33% less water than standard models, contributing to energy conservation.

Leading companies in the washing machine market are advancing technologies like SmartSelect Technology to enhance user experience and improve washing efficiency. SmartSelect Technology leverages sensors and artificial intelligence to automatically choose the ideal wash cycle based on the load's type and weight, effectively cleaning clothes while minimizing water and energy usage. For example, in July 2024, Electrolux, a Sweden-based home appliance company, launched a new smart laundry range. This range includes the 600-900 series washers, 700-800 series washer dryers, and 600-900 series tumble dryers, all featuring DynamicDisplay for intuitive navigation and personalized guidance that allows users to quickly access their preferred cycles. Additionally, these products incorporate SmartSelect Technology, which customizes wash programs according to user needs. They also offer an UltraQuick feature that removes over 50 common stains at low temperatures (30°C) within an hour, providing up to 30% energy savings.

Major companies operating in the washing machines market include Samsung Electronics Co Ltd, IFB Industries Ltd., Whirlpool Corporation, LG Electronics Inc., Robert Bosch GmbH, Midea Group, Panasonic Corporation, Haier Group Corp, Sharp Corporation, Onida, Godrej, BPL, Siemens AG, Little Swan, TCL Corporation, Bsh Hausgeräte Gmbh, Tps Industriewaschmaschinen, Und Anlagenbau Gmbh, General Electric (GE), Speed Queen, Amana Corporation, Kenmore, Maytag, Miele, Frigidaire, Asko Appliances, Ariston, Brandt Appliance, Crosley Company, Electrolux, Fisher and Paykel, Hoover Limited, Magic Chef, H-Buster, Philco, Hisense, Advanced Electronics Company, TOSHIBA.

Asia-Pacific was the largest region in the washing machine market in 2024. Western Europe was the second-largest region in the global washing machine market analysis. The regions covered in the washing machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the washing machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The washing machine market consists of sales of semi-automatic washing machines and fully automatic washing machines. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A washing machine is a household appliance designed to clean clothes and textiles by combining water, detergent, and mechanical action within a rotating drum. It comes in top-loading and front-loading models, featuring various wash cycles and advanced technologies to streamline the laundry process.

The primary types of washing machines are fully automatic, semi-automatic, and others. A fully automatic washing machine performs the entire clothes washing cycle independently, handling tasks such as rinsing, washing, agitating, and spin-drying clothes. Once the cycle is complete, users need only retrieve the washed laundry from the machine's basin and proceed to either use an automatic dryer or hang the clothes out to dry. The various products in the washing machine category include automatic machines, semi-automatic machines, and dryers, which are distributed through channels such as e-commerce, retail chains, and direct sales. Different technologies employed in washing machines include top load and front load variations, catering to both residential and commercial applications.

The washing machine market research report is one of a series of new reports that provides washing machine market statistics, including washing machine industry global market size, regional shares, competitors with a washing machine market share, detailed washing machine market segments, market trends and opportunities, and any further data you may need to thrive in the washing machine industry. This washing machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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