Laundry Combo Unit Market Scope
Laundry combo unit, a combination of washing machine and clothes dryer in a single cabinet. Various market players are introducing innovative and technologically advanced products in their product portfolios with the advent of unique designs and smart connected systems. For instance, in April 2019, LG electronics launched a wide range of smart and Wi-Fi enabled top-load and front-load washing machines with TurboWash technology, called TurboWash 360 degree. This, in turn, the increasing adoption of advanced technologies by numerous market players are fuelling the growth of the laundry combo unit market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Amana Corporation (United States), Bosch (Germany), EdgeStar (United States), Electrolux AB (Sweden), Haier Group (GE Appliances) (China), Whirlpool Corporation (United States), LG Electronics Inc. (South Korea), Midea Group (China), Miele (Germany) and Samsung (South Korea) |
CAGR | % |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Laundry Combo Unit market throughout the predicted period.
Amana Corporation (United States), Bosch (Germany), EdgeStar (United States), Electrolux AB (Sweden), Haier Group (GE Appliances) (China), Whirlpool Corporation (United States), LG Electronics Inc. (South Korea), Midea Group (China), Miele (Germany) and Samsung (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Speed Queen (United States) and Summit Appliance (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Laundry Combo Unit market by Type , by Application (Household and Commercial) and Region with country level break-up.
On the basis of geography, the market of Laundry Combo Unit 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2024 Global Star Acquisition Inc. a special purpose acquisition company, and K Enter Holdings Inc. a holding company with contracts to acquire six diversified entertainment operating companies based in Korea and engaged in the entertainment content and IP creation businesses, today announced the public filing of a registration statement on Form F-4 with the Securities and Exchange Commission
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.
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.
Influencing Trend:
The Advent of Energy-Efficient and Fully Automatic Laundry Combo Unit
Market Growth Drivers:
Growing Disposable Income and Improvements in Rural Electrification across the World, Especially in Developing Nations and Rising Affordability of Laundry Combo Unit and Increased Urbanization
Restraints:
High Cost of Laundry Combo Unit and Limited Adoption Rate in Various Geographic Regions
Opportunities:
Increasing Adoption of Front Load Fully Automatic Laundry Combo Unit and Growth in the Demand for Commercial Laundry Combo Unit Globally
Key Target Audience
Laundry Combo Unit Manufacturers, Component Manufacturers, Distributors, Technology Providers, Market Research Organisations, Government Regulatory Bodies, End Users and Other