According to TechSci Research report, “Dishwasher Market – Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027F” The global dishwasher market is expected to project an impressive growth of 6.61% through 2027 to reach USD30548.65 million by 2027 on account of rapidly surging demand from the rising working female population and increasing disposable income.
The dishwasher market is being supported by the major factors such as a busy lifestyle, connected home appliances, innovative kitchen appliance technologies, rising spending on kitchen or home improvement designs, and the growing inclination towards supportive kitchen appliances. Additionally, high convenience and smart technological additions are some critical drivers projected to boost the dishwasher market in the coming years. Furthermore, the convenience of remotely running the dishwasher is likely to boost the market's demand.
Aside from the built-in cleaning power of dishwashers, manufacturers are raising awareness about correct dishwasher usage. Dishwasher installation must be done correctly to extend the life of the equipment. The way the dishes are put inside the machine has a significant impact on the cleaning effectiveness.
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The global dishwasher market is segmented into product type, end-use, distribution channel, region, and company. Based on product type, the global dishwasher market can be segregated into built-in and free-standing dishwashers. Among these, the built-in dishwasher segment dominated the market in 2021 as the consumers' purchasing decisions nowadays are being majorly influenced by connected homes, with the majority choosing in-built dishwashers since they take up less space and can be fitted into a pre-planned kitchen design. Certain factors influence the growth of the built-in dishwasher segment within the global dishwasher market.
In terms of end-use, the global dishwasher market is divided into commercial and residential. The commercial dishwasher has accounted for the majority of the market share in the global dishwasher market. However, the market share of commercial dishwashers is expected to decline due to the COVID-19 lockdown as most of the hotels, pubs and bars, cafeterias, etc., were shut down, and individuals began purchasing dishwashers as servants/house assistants stayed away from work.
Based on distribution channels, the global dishwasher market is bifurcated into multi-branded stores, exclusive stores, hypermarkets/supermarkets, online, and others (distributor/dealers’ sales, direct sales, etc.). Out of these, the multi-branded stores accounted for the majority of market shares in the global dishwasher market, followed by exclusive stores. Companies are trying to increase their focus to make their products reach exclusive stores, multi-branded stores, and online channels worldwide. Urban areas remain the dominant consumption market. However, Multi-Branded Stores, Exclusive Stores, etc., distribution channel provides the consumers with the advantage of scanning the product before buying, which helps them choose the right product. Moreover, the Multi-Branded Stores and Exclusive Stores channel supplies quick access to the product compared to the online channel of purchase, where consumers are made to wait for the product delivery.
In terms of regional analysis, the global dishwasher market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Due to growing desires for a stress-free lifestyle and increased use of dishwashers during the projection period, Asia-Pacific has accounted for the fastest expanding sector in the global dishwasher market. Factors such as significant changes in the standard of life, increasing urbanization in developing nations, and China's dominance due to rising demand for dishwashers and other kitchen appliances are expected to fuel regional market expansion.
Key market players in the global dishwasher market include:
·Robert Bosch GmbH
·Haier Group Corporation
·Midea Group Co., Ltd.
·Samsung Electronics Co., Ltd.
·LG Electronics Inc.
·Panasonic Corporation, etc.
Major dishwasher companies are expanding their manufacturing bases to meet the rising demand across developing countries. For instance, GE Appliances (GEA), a Haier business, announced the launch of a new USD 80 million dishwasher manufacturing line at its Louisville supersite in December 2020, including a totally rebuilt extra-large capacity dishwashing platform.
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Furthermore, the COVID-19 pandemic has prompted consumers to opt for dishwasher products, particularly those consumed daily, such as fruits, vegetables, meat, etc. Consumers are now more concerned about the freshness of eatables. Also, the rising concerns about proper protein and nutrient intake encourage the population to purchase and consume fresh and healthy products. This factor is expected to boost the dishwasher market in the forecast period.
“Global dishwasher market is expected to grow at a robust pace during the forecast period as the demand for dishwashers has been increasing every day because of an active lifestyle, spending less time washing utensils after meals, and increased income levels across the world. All in all, the emerging trends in the global dishwasher market are growing demand from the young generation and working professionals, the increasing popularity of dishwashers in the residential sector in countries like India, Malaysia, etc., are boosting the sales of dishwashers across the world.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Dishwasher Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027F Segmented By Product Type (Built-In Dishwasher and Free-Standing Dishwasher), By End-Use (Commercial and Residential), By Distribution Channel (Multi-Branded Stores, Exclusive Stores, Hypermarkets/Supermarkets, Online & Others (Distributor/Dealers Sales, Direct Sales, etc.)), By Region”, has evaluated the future growth potential of global dishwasher market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global dishwasher market.
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