More than 12% of the households have an electric washing machine as per the reports in 2022. Multiplying manufacturers of washers with connectivity technology enabling Wi-Fi and remote operation is fueling the market trends. The progress of the market is attributed to the rising spending capacity of the population in the region with economic growth and development in the rural and urban areas. Washing Machine Industry: Regional OverviewĬhanging Lifestyle and Growing Disposable Income is Envisaged to Boost the Market Growth in the Asia Pacific RegionĪsia Pacific region washing machine market is projected to acquire a lion's share of 50% in the year 20236 owing to the change in lifestyle habits and escalating disposable income of people. The Thomson invested USD 2.5 million to set up a washing machine manufacturing plant with a capacity to produce more than 4,00,000 units ![]() The investment in the production of high-end technology in washing machines to improve their features and functionality is driving the market size. The market progression is credited to the integration of artificial intelligence to improve the operation of the system with ease. The production of various washing machines with different capacities and technology systems to meet the needs of various people is proliferating the market size. Market in North America region to grow at the highest rateįostering the Production of Various Types of Washing Machines for Various Needs the Growth of the Washing Machine Industry.The Fully Automatic segment to garner the highest growth.Market in Asia Pacific region to propel the highest growth.households have a smart home device, and is expected to reach 50% by the end of 2025. The demand for the market size is accredited to the enhancing implementation of the Internet of Things (IoT) in household chores. Request Free Sample Copy of this Report Īdditionally, the urbanization of the towns and cities with the application of advanced technology is propelling the market size. The number of clothing generated worldwide by the fashion industry was over 120 billion products each year. The increasing dependency of people on electronic appliances for daily activities such as cleaning, washing, sweeping, and cooking is estimated to expand the market growth. The market growth is attributed to the rising clothing and fashion sectors across the world. The market is anticipated to garner a revenue of USD 103 billion by the end of 2036, up from a revenue of USD 60 billion in the year 2023. Illustration of a worker with water blaster pressure power washing sprayer spraying set inside circle done in retro style.New York, Ma(GLOBE NEWSWIRE) - The global washing machine market size is expected to expand at 5% CAGR from 2024 to 2036. ![]() Cowboy with water pressure cleaner Pressure Washing Cleaning Services Logo Icon Pin Vector Symbol Graphic Design Template Illustration of power washer worker with arms crossed holding pressure washing gun looking to the side viewed from front set inside shield crest on isolated background done in retro style. Tools illustration Illustration of a male pressure washing cleaner worker holding a water blaster viewed from front set inside circle on isolated background done in retro style. Tools illustration Pressure washing and man logo template. Illustration of a worker with water blaster pressure power washing sprayer spraying set inside circle done in cartoon style. Tools illustration Pressure Washing Gun Logo Design Template. Power Washing Pressure Water Blaster Worker Illustration of male worker with pressure washer chemical washing using high-pressure water spray with USA American stars stripes flag set inside shield done in retro woodcut style. Cleaning vector design Illustration of a worker with water blaster pressure power washing sprayer spraying set inside circle done in retro style. Illustration vector graphic of pressure power wash spray logo design template Pressure washing logo template. Illustration of a worker with water blaster pressure power washing sprayer spraying set inside diamond shape facing front done in retro style. Working figures on white Pressure Washing lettering logo, Pressure Washing logo Illustration vector graphic of pressure power wash spray logo design template Illustration vector graphic of pressure power wash spray logo design template Illustration of a worker with water blaster pressure power washing sprayer spraying set inside circle done in retro style.
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