On 1 October 2019, the European Commission adopted new ecodesign measures for washing machines and washer-driers. From 1 March 2021, a new Regulation on ecodesign requirements for household washing machines and washer-dryers (EU) 2019/2023 will repeal and replace Regulation (EU) 1015/2010. New washing machines come with an energy label showing their energy efficiency rating. From December 2011, the most efficient washing machines have carried an A+++ label.
According to the report, The Advent of Energy-Efficient and Fully Automatic Laundry Combo Unit is one of the primary growth factors for the market. Growing Disposable Income and Improvements in Rural Electrification across the World, Especially in Developing Nations
is also expected to contribute significantly to the Laundry Combo Unit market. Overall, Household
applications of Laundry Combo Unit, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Modality Type, such as Single Barrel, is boosting the Laundry Combo Unit market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Sales Channel, such as Online Store, is boosting the Laundry Combo Unit market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Operation Mode Type, such as Automatic, is boosting the Laundry Combo Unit market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Laundry Combo Unit market identified that the demand is rising in many different parts of the world as "Increasing Adoption of Front Load Fully Automatic Laundry Combo Unit
". Furthermore, some recent industry insights like "In January 2019, Samsung has introduced smart models of their washing machines, which included a feature called Laundry Planner that places control in the user’s hand as to when the cycle would be finishing. Other features to have been introduced such as the Active Water Jet, Boost Spray mode, as well as app-centric features includes Laundry Recipe and HomeCare Wizard, which helps in scheduling maintenance of the machine and troubleshooting." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Laundry Combo Unit market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Laundry Combo Unit market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Laundry Combo Unit market size is calculated using market estimation process, the Laundry Combo Unit market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Laundry Combo Unit market size has been validated using both top-down and bottom-up approaches.