Israel Laundry Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 290.81 Million |
| Market Size (2029) | USD 341.24 Million |
| CAGR (2024 - 2029) | 3.25 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Israel Laundry Appliances Market Analysis
The Israel Laundry Appliances Market size is estimated at USD 290.81 million in 2024, and is expected to reach USD 341.24 million by 2029, growing at a CAGR of 3.25% during the forecast period (2024-2029).
The impact of COVID-19 on dry cleaning and laundry services in Israel varied depending on the customer base. Companies dependent on cleaning business wear were negatively affected due to business closures and moving to work from home culture. While some companies that were more focused on business-to-business sales increased their sales as their customers intensified cleaning efforts to minimize the infection risk.
Home laundry appliances in Israel experienced a decrease in sales last year. Although a slight increase in laundry habits was possible due to concerns about germs, consumers spent most of their time at home wearing a smaller clothes collection. It, thus, reduced the need to do laundry. Furthermore, not all people in Israel had more disposable income. Some consumers preferred to fix old washing machines or hang their clothes outside to dry, given the country's warm climate.
The growth in home laundry appliances slowed slightly in the past two years due to the slowdown in the housing market. Housing acquisitions slowed significantly due to Buyer's Price's governmental housing plan, which offers apartments at lower-than-market prices. These also caused market uncertainty about whether apartment prices would continue rising. Therefore, many consumers wait until the situation is clearer before buying a home. With the pickup of home buyers, the laundry market will catch up with the pace and grow further.
Israel Laundry Appliances Market Trends
Washing Machines are the Most Preferred at Home Laundry Appliances
Israel's home laundry appliances market is eyeing more of the larger washing machines as laundry is a daily chore for Israelis. Consumer preferences are continuously changing with increasingly busy lifestyles. They want to utilize highly efficient and time-saving laundry options. In the review period, companies offering various automatic washing machines responded to the changing preferences of consumers by expanding their offers of larger capacity models. 8 kg products became almost the standard in the category, though companies also launched many new 9 kg models. Machines with capacities of 10-11 kg became more widely available. Over the forecast period, new launches will likely accentuate the shift towards larger capacity models in automatic washing machines and tumble dryers. Israeli consumers equally receive lower-cost brands as well as premiums.
Ecommerce Sales grow as an Emerging Distribution Channel for the Purchases
E-commerce in Israel is growing at a whooping rate and is expected to grow at a CAGR of over 15%. In the last ten years, it grew by double digits despite its modest population and is majorly driven by cross-border e-commerce. Only a few Israeli businesses are selling online, with prices usually substantially higher than those of cross-border retailers. This trend is because of high value-added taxes (VAT) and monopolies on numerous consumer goods. Nearly 80% of Israeli online shoppers bought products abroad, predominantly from China, the UK, and the US. Israel is a fairly digitalized country with about 75% Internet penetration and a more than 60% smartphone market. The dominant e-commerce categories in Israel include Home Electronics, Fashion & Footwear, and Media Products. Housewares and groceries are also popular products purchased online.
Israel Laundry Appliances Industry Overview
The Israel laundry appliances market is characterized by many nearly consolidated foreign players established for a long time and tougher competition to the newer players. BSH maintained its leadership in the home laundry appliances sector, with the gains coming from its Bosch, Siemens, and Constructa brands. These brands are perceived as reliable, offering high-quality products, and are often recommended by professionals and salespeople. The major players are Alliance Laundry Systems, Bosch, Candy Group, Electrolux, and GD Midea Holding Co., Ltd.
Israel Laundry Appliances Market Leaders
-
Alliance Laundry systems
-
Bosch
-
Candy Group
-
Electrolux
-
GD Midea Holding Co.,Ltd
*Disclaimer: Major Players sorted in no particular order
Israel Laundry Appliances Market News
- January 2023: The white electrical appliances of Grundig arrive in Israel. After years of being absent from the Israeli market, Ralco will return the company's products to the country as Grundig's official and exclusive importer in Israel. Ralco will focus mainly on household electrical products, such as refrigerators, washing machines, dryers, dishwashers, baking ovens, stoves, hoods, etc.
- September 2022: Israel removed most importing household and industrial electrical product requirements. Under the new rules, from now on, it is allowed to import electrical products without needing an inspection by the Standards Institute of Israel.
Israel 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 Insights on Various Regulatory Trends Shaping the Market
4.5 Insights on impact of technology in the Market
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Free Standing
5.1.2 Built-In
5.2 By Product
5.2.1 Washing Machines
5.2.2 Dryers
5.2.3 Electric Smoothing Irons
5.2.4 Others
5.3 By Technology
5.3.1 Automatic
5.3.2 Manual
5.4 By Distribution Channel
5.4.1 Multi-brand Store
5.4.2 Exclusive Stores
5.4.3 Online
5.4.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Alliance Laundry systems
6.2.2 Bosch
6.2.3 Candy Group
6.2.4 Electrolux
6.2.5 GD Midea Holding Co.,Ltd
6.2.6 Godrej Group
6.2.7 Haier Group
6.2.8 Hitachi Appliances Inc
6.2.9 IFB Industries
6.2.10 LG Electronics*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Israel Laundry Appliances Industry Segmentation
Laundry Equipment means washers, washers/extractors, dryers, chest-type ironers, steam boilers, thermal fluid heaters for ironers, lint control devices, linen folders, linen carts, dry cleaning equipment (if required) used in the laundry operation of the project. The Israel Laundry Appliances Market is segmented by type (free standing and built-in), product (washing machines, dryers, electric smoothing irons, and others), technology (automatic and manual), and distribution channel (multi-brand store, exclusive stores, online, and other distribution channels). The report offers market size and forecasts for the Israel Laundry Appliances Market in value (USD) for all the above segments.
| By Type | |
| Free Standing | |
| Built-In |
| By Product | |
| Washing Machines | |
| Dryers | |
| Electric Smoothing Irons | |
| Others |
| By Technology | |
| Automatic | |
| Manual |
| By Distribution Channel | |
| Multi-brand Store | |
| Exclusive Stores | |
| Online | |
| Other Distribution Channels |
Israel Laundry Appliances Market Research FAQs
How big is the Israel Laundry Appliances Market?
The Israel Laundry Appliances Market size is expected to reach USD 290.81 million in 2024 and grow at a CAGR of 3.25% to reach USD 341.24 million by 2029.
What is the current Israel Laundry Appliances Market size?
In 2024, the Israel Laundry Appliances Market size is expected to reach USD 290.81 million.
Who are the key players in Israel Laundry Appliances Market?
Alliance Laundry systems, Bosch, Candy Group, Electrolux and GD Midea Holding Co.,Ltd are the major companies operating in the Israel Laundry Appliances Market.
What years does this Israel Laundry Appliances Market cover, and what was the market size in 2023?
In 2023, the Israel Laundry Appliances Market size was estimated at USD 281.66 million. The report covers the Israel Laundry Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Israel Laundry Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Israel Laundry Appliances Industry Report
Statistics for the 2024 Israel Laundry Appliances market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Israel Laundry Appliances analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
