Washing machine clutch Market Scope
A washing machine clutch is defined as the mechanical device which engages and disengages power transmission especially from the driving shaft to driven shaft. The main function of the clutch in the washing machine is to move the internal tub. Growing disposable income of people and rise in efficiency of smart connected washing machine products are likely to be the prime driver for market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Panasonic Corporation (Japan), Wuxi Little Swan Co., Ltd. (China), Hitachi, Ltd. (Japan), Ningbo Qijing Machinery Co.,Ltd. (China), Samsung Electro-Mechanics (South Korea) and Anhui Julong Transmission Technology Co., Ltd. (China) |
CAGR | % |
The market is highly fragmented with the presence of local and regional players operating in the market. Some of the major players operating in the market are Panasonic Corporation (Japan), Wuxi Little Swan Co., Ltd. (China), Hitachi, Ltd. (Japan), Ningbo Qijing Machinery Co.,Ltd. (China) and Samsung Electro-Mechanics (South Korea), among others. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Washing machine clutch market throughout the predicted period.
Panasonic Corporation (Japan), Wuxi Little Swan Co., Ltd. (China), Hitachi, Ltd. (Japan), Ningbo Qijing Machinery Co.,Ltd. (China), Samsung Electro-Mechanics (South Korea) and Anhui Julong Transmission Technology Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Shanghai YingXin World Machinery Co., Ltd. (China) and Jiangsu Fillex Machinery Technology Co., Ltd. (China).
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 Washing machine clutch market by Type , by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Washing machine clutch 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.
In January 2020, Xiaomi introduced the Mija intelligent washing machine and dryer pro. This model includes a remote control and the ability to dispense detergent intelligently.
Influencing Trend:
Rapid Technological Advancements to Make Product More User-Friendly
Market Growth Drivers:
Growing Disposable Income of People and Rise in Efficiency of Smart Connected Washing Machine Products and Increasing Usage of Washing Machine Clutch in Various Application
Challenges:
Significant Maintenance Cost of products
Restraints:
Issue related to the Availability of Laundry Shops and Growth in Online Laundry Services Worldwide
Opportunities:
Rising Investments by Various Manufacturers to Increase Efficiency of Smart Washing Machine Product and Growing Demand from Emerging Market such as China, India, Brazil, among others
Key Target Audience
Manufacturers of Washing Machine Clutch, Suppliers of Washing Machine Clutch, Wholesalers, Distributors and Retailers of Washing Machine Clutch, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others