Portable Washing Machines Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Portable Washing Machines Market Analysis
Global Portable Washing Machines Market is estimated at USD 65.35 billion in the current year, and growing at a CAGR of 9% during the forecast period.
Portable washing machines are clothes washing machines with small size. They are designed in a way that allows you to easily move them from a storage area to a bathroom or kitchen where you can hook them up to a sink for filling with water, draining water and start washing clothes. Even though portable washers are used where space can't accommodate a full-sized machine, they work like a standard full-sized washing machine. Washing laundry with a portable washing machine is a great way to save time and money. It works by spinning your laundry at a high speed, which causes the centrifugal force to break down the water and dirt.
In recent years, there have been a lot of technological advances in washing machines, which have made them more efficient in terms of water and electricity usage. This has made it easier for key players to get a bigger market share in portable washing machines. The government has initiated a number of initiatives to assist rural households in their development, and as the economy continues to improve, the demand for household appliances is expected to increase. This is due to the rise in income due to digitalization, urbanisation, alteration in consumer purchasing habits, and the presence of emerging markets. The introduction of the new generation portable washing machine, which is equipped with technology for the efficient utilization of energy and water, is likely to have a positive effect on the demand for these items. The growing young population and rise in disposable income are mainly driving the growth of the market.
The growth of the market is expected to be limited by the emergence of laundry stores and the growth of e-leather services. The COVID-19 pandemic has had a detrimental effect on the sales of a number of consumer durable companies. As a result, many companies had to cease the production of domestic appliances due to the lockdown. Furthermore, the supply chain of the portable washing machines was completely disrupted, leading to a temporary halt in the sale of the products on online platforms and offline stores. Additionally, a large number of retail outlets were shuttered, resulting in a decrease in the sales volume of the consumer appliance by half compared to the previous year.
Portable Washing Machines Market Trends
Increase in Urbanization is Driving the Market Growth
The demand for portable washing machines is mostly in urban areas, which account for a major percentage of sales. People in cities use washing machines differently than people in rural areas. Most people in cities live in small places like apartments, which don't have enough space for a big washing machine and dryer. Even if a washing machine and dryer are present in the building, the process of waiting for them to open, saving up money, and transporting the loads from the laundry room can take a considerable amount of time. In developing regions, the usage of washing machines is growing rapidly. This is due to increasing family incomes, advances in technology, an increase in nuclear families, increasing personnel expenses, a preference for working women, and access to consumer credit are all contributing factors to this growth. Rapid urbanization and changes in lifestyle are likely to drive the demand of portable washing machines over the forecast period, as the global population is increasingly composed of high-income individuals.
Asia Pacific Region is Dominant in the Portable Washing Machine Market
Of all the regions in the world, Asia Pacific is expected to account for the largest market share in the world of portable washing machines. This is due to the fact that portable washing machines have become popular due to their compatibility and user-friendliness. The growing young population and rise in disposable income are mainly driving the growth of the market. High disposable income leads to a high level of investments and better standards of living. In addition, the emerging economies in this region, the rapid urbanization and the growing middle-class are expected to contribute to the growth of the portable washing machine market in this region. In North America, the market is expected to grow at a significant rate over the next few years. This is because of the increasing awareness of products that are certified to meet the requirements of the Environmental, Economic, and Social Council (EESC).
Portable Washing Machines Industry Overview
The portable washing machine market tends to be competitive with the presence of international players. Energy labels and energy-efficiency policies have enabled manufacturers to focus on the development of energy-efficient products. Manufacturers are focusing on new product development, advancement in technologies, and increasing their manufacturing capacity. Domestic players have turned their focus towards rural areas as urban markets are dominated by finternational players. Some of the key players in the portable washing machine market are LG Electronics, Samsung, Whirlpool, Godrej, Electrolux, IFB, Lloyd, Bosch, Haier, Videocon, and Other prominent players.
Portable Washing Machines Market Leaders
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Samsung
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LG
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Bosch
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Whirlpool
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Electrolux
*Disclaimer: Major Players sorted in no particular order
Portable Washing Machines Market News
- In April 2023, Samsung, announced it will set up 15 premium experience stores across top metro cities in India by end of 2023, bringing in exciting new technology experiences for consumers and creating a benchmark in premium electronics retail in the country. The new experience stores will come up at iconic locations across top metro cities such as Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Ahmedabad, Hyderabad, Pune and Chandigarh.
- In December 2022, Electrolux opened a new brand outlet in Gurugram, India. Spread across an area of 3,000 Square feet, the store will sell home appliances such as air purifiers, air conditioners, Washing Machines, Vacuum Cleaners,Refrigerators, dishwashers and dryers, coffee machines, warming drawers, cooker hoods, hobs, and ovens.
Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 The advancement of technology have had a significant impact on the industry.
- 4.2.2 The increase in disposable income and high standard of living has had a huge effect on the industry.
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4.3 Market Restraints
- 4.3.1 The growth of the market may be hindered by the accessibility of laundry stores and the expansion of online laundry services.
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4.4 Market Opportunities
- 4.4.1 Technological advancement in the products by the Companies
- 4.4.2 Adoption of Environmental friendly substitutes of Products
- 4.5 Value Chain / Supply Chain Analysis
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4.6 Industry Attractiveness: Porter's Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Technological Innovations in the Market
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Top Load
- 5.1.2 Front Load
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5.2 By End User
- 5.2.1 Residential
- 5.2.2 Commercial
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5.3 By Distribution Channel
- 5.3.1 Supermarkets/Hypermarkets
- 5.3.2 Specialty Stores
- 5.3.3 Online
- 5.3.4 Other Distribution Channels
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5.4 Geography
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia-Pacific
- 5.4.4 South America
- 5.4.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Samsung
- 6.1.2 LG
- 6.1.3 Bosch
- 6.1.4 Whirlpool
- 6.1.5 Electrolux
- 6.1.6 GE Appliances
- 6.1.7 Danby Compact
- 6.1.8 Godrej
- 6.1.9 Haier
- 6.1.10 Videocon*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityPortable Washing Machines Industry Segmentation
A portable washing machine is a compact appliance that works the same way a full-size washing machine works, it has a tub with an agitator. A complete background analysis of the global portable washing machine market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain. Global Portable Washing Machines Market is segmented by Product Type(Top Load, Front Load), by End- User(Residential, Commercial), by Distribution Channel (Multi-Branded Stores, Specialty Stores, Online and Other Distribution Channels), and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.
| By Product | Top Load |
| Front Load | |
| By End User | Residential |
| Commercial | |
| By Distribution Channel | Supermarkets/Hypermarkets |
| Specialty Stores | |
| Online | |
| Other Distribution Channels | |
| Geography | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Frequently Asked Questions
What is the current Portable Washing Machines Market size?
The Portable Washing Machines Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Portable Washing Machines Market?
Samsung, LG, Bosch, Whirlpool and Electrolux are the major companies operating in the Portable Washing Machines Market.
Which is the fastest growing region in Portable Washing Machines Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Portable Washing Machines Market?
In 2024, the Asia Pacific accounts for the largest market share in Portable Washing Machines Market.
What years does this Portable Washing Machines Market cover?
The report covers the Portable Washing Machines Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Portable Washing Machines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Portable Washing Machines Industry Report
Statistics for the 2024 Portable Washing Machines market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Portable Washing Machines analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
