Europe Portable Washing Machine Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.46 Billion |
| Market Size (2029) | USD 3.02 Billion |
| CAGR (2024 - 2029) | 4.18 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Portable Washing Machine Market Analysis
The Europe Portable Washing Machine Market size is estimated at USD 2.46 billion in 2024, and is expected to reach USD 3.02 billion by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).
- One of the main trends in the European washing machine market is the introduction of high-tech products. The increasing demand for innovative high-tech appliances has fueled the popularity of portable washing machines in Europe. These smart, high-tech products not only offer essential features but also provide the highest value for the money spent. Product innovation and portfolio extensions are the two main factors driving the growth of the European washing machine market.
- Mini-washing machines are experiencing high demand, driven by increasing environmental concerns and stringent regulations. The market for mini washing machines is expanding due to the growing need for energy-efficient and water-saving appliances, as well as the demand for convenient and portable options.
- Several factors contribute to the market's growth, including the rising urban population facing limited space, the increasing trend of living alone, the demand for convenient and time-saving appliances, growing awareness of environmental sustainability, and the desire for energy-efficient washing machines.
Europe Portable Washing Machine Market Trends
Number Of Working People Increases
- As Europe's working population continues to grow, so does the demand and supply of laundry equipment. This trend is a response to the current lifestyle where individuals have limited personal time. Therefore, laundry appliances, such as washing machines capable of reducing the labor required for the entire washing process, have become a viable option, saving users a significant amount of time.
- The increasing number of working individuals in Europe, leading busy lives, is a primary factor contributing to the surge in online sales of laundry equipment. People can conveniently search for desired products and make purchases with just a click. A substantial number of individuals prefer online platforms for buying washing equipment due to the time and energy savings, eliminating the need to visit physical stores.
- Moreover, some e-commerce platforms entice customers with attractive offers, including installment payment options (EMIs), to build a large customer base. Additionally, the prices of these washing machines are often more affordable compared to those in offline stores.
Positive Growth of Small Appliances in Germany
- The appliance manufacturing industry is booming in Germany as a result of the growing demand for appliances. Germany鈥檚 growing urbanization, brand innovation, changing customer preferences, and corporate marketing & advertising are the primary factors driving the small home appliances market in the country.
- Many consumers are purchasing small household appliances such as portable washing machines as a result of increasing income levels. Smart vendors of consumer electronics also see great potential in the home appliances market. German consumers are more interested in energy-saving smart home appliances and prefer small, energy-efficient appliances.
Europe Portable Washing Machine Industry Overview
The European portable washing machine market is highly fragmented. and competitive. It is home to several big global brands. Throughout the forecast period, the market under study offers growth prospects, which is anticipated to intensify market competition. The market under study is competitive, with several firms owning sizeable shares. The major players dominating the market are Whirlpool, Bosch, Electrolux, LG and Samsung.
Europe Portable Washing Machine Market Leaders
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Whirlpool
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Bosch
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Electrolux
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LG
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Samsung
*Disclaimer: Major Players sorted in no particular order
Europe Portable Washing Machine Market News
- July 2023: The Electrolux Group launched AtEase, a new subscription-based service for consumers in Sweden. AtEase, part of the Electrolux Group's initiative to reduce electronic waste and contribute to the circular economy, empowers Swedish consumers to make more sustainable choices for their homes. With AtEase, consumers have the option to subscribe to either a new product or a refurbished one.
- August 2022: Samsung announced the release of a new Bespoke product lineup in Europe, showcasing the company's ongoing commitment to becoming a provider of digital home appliances that are sustainable, intelligent, and beautifully designed. This product range includes kitchen appliances such as ovens, fridges, freezers, and wine fridges, as well as laundry appliances, including washing machines and dryers.
Europe Portable Washing Machine Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Upsurge in Disposable Income Drives the Market Growth
4.2 Market Restraints
4.2.1 The Expansion of Online Laundry Services and the Existence of Laundromats is Restraint
4.3 Market Opportunities
4.3.1 Demand for Technological Advancements Portable Washing Machine
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Impact of COVID-19 on the Market
4.6 Insights on Technological Advancements
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Top Loader
5.1.2 Front Loader
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
5.4 By Geography
5.4.1 Germany
5.4.2 Italy
5.4.3 France
5.4.4 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Whirlpool
6.2.2 Bosch
6.2.3 Electrolux
6.2.4 LG
6.2.5 Samsung
6.2.6 Miele
6.2.7 Haier
6.2.8 Hitachi
6.2.9 Kenmore
6.2.10 Beko*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER
Europe Portable Washing Machine Industry Segmentation
A portable washer is a portable washing machine that is smaller than a full-size washer and can be moved from the laundry room to the bathroom or kitchen.
The European portable washing machine market is segmented by type, application, distribution channel, and geography. By type, the market is segmented into front loader and top loader. By application, the market is segmented into commercial and residential. By distribution channel, the market is segmented into online and offline. By geography, the market is segmented into Germany, Italy, France, and Other European Nations.
The report offers market size and forecast for europe portable washing machine market for all the above segments in value (USD).
| By Type | |
| Top Loader | |
| Front Loader |
| By Application | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Online | |
| Offline |
| By Geography | |
| Germany | |
| Italy | |
| France | |
| Rest of Europe |
Europe Portable Washing Machine Market Research FAQs
How big is the Europe Portable Washing Machine Market?
The Europe Portable Washing Machine Market size is expected to reach USD 2.46 billion in 2024 and grow at a CAGR of 4.18% to reach USD 3.02 billion by 2029.
What is the current Europe Portable Washing Machine Market size?
In 2024, the Europe Portable Washing Machine Market size is expected to reach USD 2.46 billion.
Who are the key players in Europe Portable Washing Machine Market?
Whirlpool, Bosch, Electrolux, LG and Samsung are the major companies operating in the Europe Portable Washing Machine Market.
What years does this Europe Portable Washing Machine Market cover, and what was the market size in 2023?
In 2023, the Europe Portable Washing Machine Market size was estimated at USD 2.36 billion. The report covers the Europe Portable Washing Machine Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Portable Washing Machine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Portable Washing Machine Industry Report
Statistics for the 2024 Europe Portable Washing Machine market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Europe Portable Washing Machine analysis includes a market forecast outlook to for 2024 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
