North America Washing Machine Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Washing Machine Market Analysis
The North America Washing Machine Market is projected to register a CAGR less than 6% during the forecast period (2021-2026).
The global pandemic has impacted on consumer durable market as consumer appliances industry struggles with supply chain disruption and lower consumer demand due to the economic impact of COVID-19. It affected North America Washing Machine Market, primarily due to reduced manufacturing because of lockdown being imposed and thus halt in logistics and production in the factories or their assembling.
Washing machine is an electronic home appliance that is used to wash the various types of clothes without applying any physical efforts. The washing machine also offers automatic cleaning of laundry without having any operational supervision. It automatically takes in the required amount of water and detergent and sets the timer for washing, rinsing and drying according to the selected mode and the amount of clothes.
North America is currently the world's largest regional economy. It will remain a powerful player in the global economy for the foreseeable future, especially for the development of new technologies and the provision of investment capital. Increasing urbanization, rising adoption of smart electronic devices, and growth in the production of clothing products are some of the major drivers for the North America washing machine industry. Moreover, gradual increase in the demand of commercial laundry equipment coupled with the digital laundry payment systems is further supporting the market growth globally.
On the other hand, high consumption of electricity and fluctuation in the prices of raw materials are expected to hamper the market growth. However, technological advancement, increasing use of IoT technology in these devices, and the introduction of next generation washing machines that allow efficient use of electricity and water are expected to provide huge growth opportunities for the market during the forecast period.
North America Washing Machine Market Trends
This section covers the major market trends shaping the North America Washing Machine Market according to our research experts:
Increasing Online Sales Growth is Driving the Market
In the North American region, the e-market penetration is high, resulting the sales volume generated through it. In the home appliances market especially for washing machine , most sales are led by major online platforms, like Amazon. Though the region is a bit tough to penetrate for other region manufacturers, many global manufacturers have been trying to enter the market. The customers are highly open to experiment in most of the regions. However, benefits, like easy returns, post-sale support provided by the online retailers, and free and one-day delivery features, are attracting the large number of customers.
US to Witness Significant Growth Rate in North America Washing Machine Market during the Forecast Period
North America is projected to display a strong presence of US in Washing Machine Market by rising involvemnet of people in outdoor has increased the change in clothing, which acts as a propelling factor in spiking the comsumption rate. For unstance, the data isuued by the outdoor industry organisation in 2018, the people in US are estimated to go in 1 billion fewer outdoor outings. The rising construction of new homes has also fostered the demand for home appliances, inclusing these machines. Also, the data released by the Census.Gov in Oct'2020 declares that US has 1,343,000 new housing completions which is a very good sign to th washing machine industry regarding their estimated increase in the users and thus further sales growth is forecasted as well
North America Washing Machine Industry Overview
The report covers major international players operating in the North America Washing Machine Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies is increasing their market presence by securing new contracts and tapping into new markets. The leading brands are opening exclusive stores for special products. The companies are also promoting, differentiating and selling limited editions to increase their visibility and brand awareness in the market.
North America Washing Machine Market Leaders
-
Midea
-
Electrolux
-
General Electronics Company
-
Haier
-
Samsung
*Disclaimer: Major Players sorted in no particular order
North America Washing Machine Market News
- In 2020, White-Westinghouse International, a division of Electrolux Home Products, Inc. and one of the leading consumer appliance company collaborated with Superplastronics Pvt. Ltd. (SPPL) to enter into the Indian market with the launch of its washing machines range of 7 kg, 6 Kg and 9 kg washing machine category on Amazon.in.
North America Washing Machine Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of Study
2. RESEARCH METHODOLOGY
3. EXCEUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints/ Challenges
4.4 Value Chain/ Supply Chain Analysis
4.5 Porters 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 on Consumer Buying Behaviour in North America Washing Machines Market
4.7 Insights on Governmental Regulations in the North America Washing Machine Market
4.8 Insights on Technological Disruption in the North America Washing Machine Market
4.9 Impact of Covid-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Front Load
5.1.2 Top Load
5.2 By Technology
5.2.1 Semi-Automatic
5.2.2 Fully Automatic
5.3 By Distribution Channel
5.3.1 Multi-brand Stores
5.3.2 Specialty Stores
5.3.3 Online
5.3.4 Other Distribution Channel
5.4 Market Concentration Overview
5.5 Company Profiles
5.5.1 Midea
5.5.2 Panasonic
5.5.3 Electrolux
5.5.4 General Electronics Corporation
5.5.5 LG
5.5.6 Samsung
5.5.7 Whirlpool
5.5.8 Haier
5.5.9 Hitachi
5.5.10 SpeedQueen
5.5.11 Amana Corporation
- *List Not Exhaustive
6. FUTURE OF THE MARKET
7. DISCLAIMER
North America Washing Machine Industry Segmentation
Washing machine is an electronic home appliance that is used to wash the various types of clothes without applying any physical efforts. A complete background analysis of the North America Washing Machine Market, which includes an assessment of the emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report. The North America Washing Machine Market is segmented by Product Type (Front Load and Top Load), by Technology (Fully automatic and Semi-automatic), by Distribution Channel (Multi-brand Stores, Specialty Stores, Online and Other Distribution Channels) and by Geography (United States of America, Canada, Mexico).
| By Type | |
| Front Load | |
| Top Load |
| By Technology | |
| Semi-Automatic | |
| Fully Automatic |
| By Distribution Channel | |
| Multi-brand Stores | |
| Specialty Stores | |
| Online | |
| Other Distribution Channel |
| Company Profiles | |
| Midea | |
| Panasonic | |
| Electrolux | |
| General Electronics Corporation | |
| LG | |
| Samsung | |
| Whirlpool | |
| Haier | |
| Hitachi | |
| SpeedQueen | |
| Amana Corporation |
North America Washing Machine Market Research FAQs
What is the current North America Washing Machine Market size?
The North America Washing Machine Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)
Who are the key players in North America Washing Machine Market?
Midea, Electrolux, General Electronics Company, Haier and Samsung are the major companies operating in the North America Washing Machine Market.
What years does this North America Washing Machine Market cover?
The report covers the North America Washing Machine Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Washing Machine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Washing Machine Industry Report
The North America Washing Machine market is segmented by product type, technology, distribution channel, and geography. The market research covers front load and top load washing machines, as well as fully automatic and semi-automatic technologies. The distribution channels include multi-brand stores, specialty stores, online platforms, and other distribution channels. The industry analysis provides a comprehensive view of the market share and market size, focusing on the United States of America, Canada, and Mexico. The market analysis includes a detailed industry overview and market forecast, offering insights into market growth and market trends.
The market research highlights the target market and the market leaders within the industry. The industry reports and industry statistics offer valuable industry information and market data. The market outlook and market review provide an in-depth market segmentation and market value analysis. The industry research and industry sales data are essential for understanding the market predictions and market overview.
The report includes a sample of the industry analysis as a free report PDF download, providing a report example for further reference. The industry trends and market forecast are crucial for understanding the market growth rate and the overall industry outlook. Research companies can benefit from the detailed market predictions and market segmentation provided in the report. The industry size and industry statistics offer a clear picture of the market value and market overview.
Overall, the North America Washing Machine market report is a valuable resource for understanding the market dynamics, market leaders, and industry trends. The report provides a comprehensive market review and market outlook, making it an essential tool for industry stakeholders.
