Washing Equipment Global Market Report 2024

Washing equipment encompasses machinery and devices designed to cleanse a variety of items, including clothes, dishes, industrial parts, and vehicles, through the removal of dirt, grime, and contaminants. These devices employ water, detergents, and mechanical actions to ensure thorough cleaning and find widespread application across household, commercial, and industrial sectors.

The primary types of washing equipment include washers, dryers, and dry cleaning machines. Washers are specifically designed to clean clothing and textiles by agitating them in water with detergent. These products are available through multiple sales channels, such as e-commerce, retail chains, and direct sales, catering to diverse end-users including hotels, hospitals, laundromats, and other establishments.

The washing equipment market research report is one of a series of new reports that provides washing equipment market statistics, including washing equipment industry global market size, regional shares, competitors with a washing equipment market share, detailed washing equipment market segments, market trends and opportunities, and any further data you may need to thrive in the washing equipment industry. This washing equipment 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 washing equipment market size has grown steadily in recent years. It will grow from $8.89 billion in 2023 to $9.24 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to increasing urbanization, rising demand for washing appliances, higher electricity consumption due to growing urbanization, and increasing disposable incomes globally.

The washing equipment market size is expected to see steady growth in the next few years. It will grow to $10.83 billion in 2028 at a compound annual growth rate (CAGR) of 4%. Forecasted growth can be attributed to a rising consumer preference for automating household chores, the rapid expansion of in-store displays and demonstrations, increased adoption of laundry appliances, and the expanding apparel and fashion industry. Key trends expected in the forecast period include smart washing machines, energy efficiency, water conservation, sustainable materials, high-capacity machines, and advancements in detergent delivery systems.

The expansion of the apparel and fashion sectors is anticipated to drive the washing equipment market's growth in the future. These sectors encompass various aspects such as clothing, footwear, and accessory design, production, marketing, and sales. The growth is fueled by increasing consumer demand for diverse, fashionable, and sustainable apparel and accessories. This demand surge is attributed to globalization, technological advancements, and higher disposable incomes. Washing equipment plays a crucial role in these sectors for tasks such as pre-washing fabrics, garment finishing, and ensuring textile cleanliness and quality before reaching consumers. For instance, in March 2024, the Federal Reserve Bank of St. Louis reported a rise in personal consumption expenditures on clothing, footwear, and related services from $518.323 billion in 2022 to $535.762 billion in 2023, marking an approximate 3.36% increase. Hence, the thriving apparel and fashion industries are key drivers of the washing equipment market's expansion.

Leading companies in the washing equipment market are innovating with products such as fully automatic front-load washing machines to meet the increasing consumer demand for efficient and convenient laundry solutions. These machines automate the entire laundry process, from water filling to clothes drying, offering improved performance and user experience. For example, in March 2024, Samsung Electronics Co. Ltd. launched a new range of 11 kg AI Ecobubble fully automatic front-load washing machines with enhanced energy efficiency, faster wash times, and better fabric care. Equipped with AI EcobubbleTM technology, these machines can save up to 70% of energy and improve fabric care by up to 45.5%.

In July 2023, Solenis acquired Diversey Holdings Ltd. for $4.6 billion, expanding its portfolio with Diversey's cleaning and hygiene solutions. This acquisition strengthens Solenis's market position, combining Diversey's expertise in washing equipment for various industries with Solenis's existing offerings. Diversey Holdings Ltd. is a US-based company that provides washing equipment for various industries.

Major companies operating in the washing equipment market are Samsung Electronics Co. Ltd, Robert Bosch GmbH, Siemens AG, LG Corporation, Panasonic Holdings Corporation, Haier Inc., Whirlpool Corporation, Sharp Corporation, Electrolux AB, Miele Inc., Indesit Company, The Maytag Corporation, Ariston Holding NV, Alliance Laundry Systems, The Hoover Company, Fisher & Paykel Technologies, IFB Appliances, Voltas Beko, Dexter Laundry, Candy Inc., Daewoo Electronics, Asko, Kenmore.

North America was the largest region in the washing equipment market in 2023. The regions covered in the washing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the washing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The washing equipment market consists of sales of washing machines, dishwashers, industrial washers, laundry folding machines, and detergent dispensers. 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.

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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