Canada Laundry Appliances Market Size (2024 - 2029)

The Laundry Appliances Market in Canada is experiencing growth driven by several factors, including increased garment purchasing and rising income levels, which encourage consumers to invest in domestic laundry solutions. The market size is influenced by the demand for these appliances in urban areas, particularly in high-tier cities, where the younger generation seeks convenience due to time constraints. Innovations in technology and features, such as large capacity and fast spin speeds, enhance user experience and contribute to market expansion. Additionally, the growing number of working women and urbanization are significant contributors to the market's growth trajectory.

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Market Size of Canada Laundry Appliances Industry

Canadian Laundry Appliances Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 2.50 %
Market Concentration Medium

Major Players

Canadian Laundry Appliances Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Laundry Appliances Market Analysis

COVID-19 has impacted the sales of many consumer durable companies. Companies have to stop their production of home appliances due to lockdown. The supply chain of the Laundry Appliances was completely disrupted in Canada. Online platforms like Amazon and Flipkart have temporarily stopped selling products. Many retail outlets are closed, which has caused the sales of the consumer appliance to fall to halves from the previous year.

A laundry appliance is a machine or system used to wash clothes and cloth sheets. The use of domestic Laundry Appliances is not limited to washing only. These appliances are also used for cloth drying purposes. Growth in garment purchasing is one of the key factors associated with the market growth of domestic Laundry Appliances. Due to the rising income levels of individuals, people prefer to purchase a larger number of clothes and to maintain them clean and safe. Subsequently, their investment in various domestic Laundry appliances is growing in Canada. The younger generation does not have adequate time to spend on these tedious physical activities and prefers to use laundry appliances.

The demand for domestic Laundry Appliances is seen more in urban markets, especially in high-tier cities. Growing investment in research and development of various domestic Laundry Appliances and the introduction of innovative technology further help in the growth of the domestic Laundry Appliances Market in Canada. An increase in the number of working women, Growing urbanization, and product upgrading are also some of the important factors for the growth of the Laundry Appliances Market in Canada. The introduction of new features in washing machines such as large capacity, fast spin speeds, high energy consumption, and digital display provides comfort and gives better experiences to the user. More than half of the home appliance market consists of automatic washing machines, followed up by low or no-frills washing machines and irons. The addition of such new features in laundry appliances further helps to boost the Laundry Appliances market.

Canada Laundry Appliances Industry Segmentation

Laundry Appliances include washers/extractors, dryers, chest-type ironers, steam boiler, thermal fluid heater for ironer, lint control devices, dry cleaning equipment , laundry sinks, air compressors. Canada Laundry Appliances Market is Segmented By Type (Freestanding, Built in), By Product (Washing Machine, Dryers, Electric Smoothing Irons, Others), By Technology (Automatic, Semi-Automatic/Manual, and Others), and By Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels).

Type
Freestanding
Built in
Product
Washing Machines
Dryers
Electric Smoothing Irons
Others
Technology
Automatic
Semi-Automatic/ Manual
Others
Distribution Channel
Multi-Brand Stores
Exclusive Stores
Online
Other Distribution Channels
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Canada Laundry Appliances Market Size Summary

The laundry appliances market in Canada is experiencing a dynamic shift, driven by factors such as increased garment purchasing, rising income levels, and the growing preference for convenience among the younger generation. The market, which includes machines used for washing and drying clothes, has seen a significant impact due to the COVID-19 pandemic, disrupting supply chains and affecting sales through traditional retail outlets. However, the demand for these appliances is on the rise, particularly in urban areas and high-tier cities, as more individuals invest in maintaining their clothing. The market is further bolstered by advancements in technology and innovation, with features like large capacity, fast spin speeds, and digital displays enhancing user experience. The trend towards automatic washing machines is prominent, reflecting the market's shift towards more sophisticated and user-friendly appliances.

The online sales channel has become increasingly important, with platforms offering convenience and competitive pricing, which has been particularly appealing during and after the pandemic. This shift towards e-commerce is expected to continue, driven by the hectic lifestyles of consumers and the ease of online purchasing. The market is characterized by a few major players, with LG, Whirlpool, and Samsung holding significant shares, while GE and Kenmore also contribute to the market landscape. Technological developments, increased disposable income, and high living standards are anticipated to further drive market growth, with automatic and smart laundry appliances gaining popularity. The market's consolidation, with a few key players dominating, underscores the competitive nature and the ongoing investment in innovation and expansion by leading companies.

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Canada Laundry Appliances Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights into Technological Advancements in the Industry

    7. 1.7 Impact of COVID -19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Freestanding

      2. 2.1.2 Built in

    2. 2.2 Product

      1. 2.2.1 Washing Machines

      2. 2.2.2 Dryers

      3. 2.2.3 Electric Smoothing Irons

      4. 2.2.4 Others

    3. 2.3 Technology

      1. 2.3.1 Automatic

      2. 2.3.2 Semi-Automatic/ Manual

      3. 2.3.3 Others

    4. 2.4 Distribution Channel

      1. 2.4.1 Multi-Brand Stores

      2. 2.4.2 Exclusive Stores

      3. 2.4.3 Online

      4. 2.4.4 Other Distribution Channels

Canada Laundry Appliances Market Size FAQs

The Canada Laundry Appliances Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)

LG, Whirlpool, Samsung, GE and Kenmore are the major companies operating in the Canada Laundry Appliances Market.

Laundry Appliances Market in Canada Report Snapshots

Laundry Appliances Market in Canada Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)