About Drum Washing Machine
Drum Washing Machines are particularly referred to as well as suited machines thoroughgoing dilution washing processes and surface washing. These are more water-efficient but are more energy-intensive as compared to impeller ones. It is used for laundry purposes, the drum in these machines as per the load of the machines as well as clothes. The drum washing machine has different sizes of the drum according to the weight of the machine that can be handled. The use of a drum washing machine helps to save time and energy required to wash laundry and is becoming essential due to the increasing hectic life and increasing number of working women. Ongoing technological upgrades in the product are making it more convenient for the audience and attractive in the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to help them improve sustenance and maintain their competitive advantages. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Drum Washing Machine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Haier Group Corporation (China), Whirlpool Corporation (United States), LG Electronics Inc. (South Korea), Siemens AG (Germany), AB Electrolux (Sweden), Miele and Cie. KG (Germany), Samsung Group (South Korea), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany) and Hitachi (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Toshiba (Japan), GE Appliances (United States), IFB (India), Alliance Laundry (United States) and Hisense Kelon (China).
Segmentation Overview
AMA Research has segmented the market of Global Drum Washing Machine market by Type (8L, 10L and Others), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Drum Washing Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Sales will boost the Drum Washing Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology Type, the sub-segment i.e. Smart connected will boost the Drum Washing Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Plastic Drums will boost the Drum Washing Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of the Latest Top Loaders Using Diamond Drum Technology
Market Growth Drivers:
Increasing Number of Working Women Globally, Rising Disposable Income Coupled with Hectic Schedules of People and The Increasing Demand for the Commercial Laundry
Challenges:
Issues Related to the Malfunctioning of Washing Machines and Changing Consumer's Preference Towards New Models of Washing Machines
Restraints:
Increasing Existence of Laundry Shop, Increasing Online Laundry Services and Rising Trend of Dry Cleaning the Clothes Globally
Opportunities:
Growing Technological and Innovative Advancements in Drum Washing Machines and Increasing Investment in Electrical Appliances by Manufactures
Market Leaders and their expansionary development strategies
In June 2023, LG and Samsung announced a partnership to develop new smart washing machine technology. The two companies will work together to develop new features and technologies that will make washing machines more efficient and convenient.
In September 2023, Miele launched a new line of steam washing machines. The new machines use steam to sanitize and remove wrinkles from clothes. Miele is one of the first companies to launch a line of steam washing machines in the United States.
Key Target Audience
Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers, and Exporters. and Association and government bodies.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.