Canada 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
*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 Market Trends
This section covers the major market trends shaping the Canada Laundry Appliances Market according to our research experts:
Increase in the online sales of the Laundry Appliances in Canada
There has been a gradual increase in the online sales of Laundry Appliances, and it is expected to increase furthermore in the coming years. This is due to the presence of many online buying platforms and the process of buying on these platforms is easier. Also, buying the products online can save a lot of time, and even the current lifestyles of the majority of people are hectic. The online platforms are like "one click way" for purchasing Laundry Appliances. In addition, online buying platforms are selling the Laundry Appliances at a relatively lower price than an offline store. In 2020 and 2021, the sales through online channels were much higher than the previous years due to the effect of COVID -19. All these factors accounted for the significant rise in sales through the online channel, and this trend is expected to continue in the coming years.
Increase in the need for a smart laundry appliance as per current lifestyle in Canada
Technological developments and increased customer disposable income are anticipated to boost the home laundry appliances market over the coming years. Also, high living standards, improved quality of life, and easy-to-use home appliances are factors estimated to further substantiate the home laundry appliances market growth in the forecast period. Automatic Laundry appliances have been in demand in the market for more than five years owing to their advanced features, making the operating process even more comfortable. Additionally, several personality features of home laundry appliances such as smart functionality, elegant design, sustainability, diversity, and effectiveness are predicted to escalate the home laundry appliances market growth.
Canada Laundry Appliances Industry Overview
The report covers major players in the Canada Laundry Appliances Market. In terms of market share, LG and Whirlpool occupy nearly 40% of the market share, followed by Samsung with a market share of 15 %. GE and Kenmore collectively occupy nearly 20% of the market share. The Canada Laundry Appliances Market is consolidated, with 4 to 5 major players occupying more than 75% of the market share.
Canada Laundry Appliances Market Leaders
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LG
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Whirlpool
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Samsung
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GE
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Kenmore
*Disclaimer: Major Players sorted in no particular order
Canada Laundry Appliances Market News
In November 2021, Whirlpool Corporation invested more than USD 65 million into its factory in Ottawa, Ohio, as part of the company's ongoing efforts to position the plant as the Premium Refrigeration Factory in its North American Region. The investment will include an expansion of the Ottawa plant to accommodate the production of premium refrigeration products, including Built-In refrigerator (BIR) production.
In January 2021 - LG Electronics introduced ThinQ front-load washing machine, which is operated with the assistance of the Artificial Intelligent Direct Drive (AI DD) motor. Another feature is that WiFi can be accessed through Smart ThinQ, and the machine can be monitored from anywhere.
Canada Laundry Appliances Market Report - 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 DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Impact of COVID -19 on the Market
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Freestanding
5.1.2 Built in
5.2 Product
5.2.1 Washing Machines
5.2.2 Dryers
5.2.3 Electric Smoothing Irons
5.2.4 Others
5.3 Technology
5.3.1 Automatic
5.3.2 Semi-Automatic/ Manual
5.3.3 Others
5.4 Distribution Channel
5.4.1 Multi-Brand Stores
5.4.2 Exclusive Stores
5.4.3 Online
5.4.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 LG
6.2.2 Whirlpool
6.2.3 Samsung
6.2.4 GE
6.2.5 Kenmore
6.2.6 Maytag
6.2.7 Electrolux
6.2.8 Haier
6.2.9 Panda
6.2.10 XtremePowerUS
6.2.11 Pyle*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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 |
Canada Laundry Appliances Market Research FAQs
What is the current Canada Laundry Appliances Market size?
The Canada Laundry Appliances Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Canada Laundry Appliances Market?
LG, Whirlpool, Samsung, GE and Kenmore are the major companies operating in the Canada Laundry Appliances Market.
What years does this Canada Laundry Appliances Market cover?
The report covers the Canada Laundry Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Canada Laundry Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Laundry Appliances in Canada Industry Report
Statistics for the 2024 Laundry Appliances in Canada market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Laundry Appliances in Canada analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
