The outbreak of COVID-19 resulted in an expanded awareness among consumers about hygiene and cleanliness. This led to a rise in the need for dishwashers worldwide. According to LG India, dishwashers have witnessed a 400% to 500% spike in sales of dishwashers in 2020.Global Dishwasher Market to grow with 8.2% CAGR from 2022 - 2027, due to Increasing Number of the Working Population and Nuclear FamiliesAs per the Renub Research's latest report by titled "Dishwasher Market, Size, Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis," Dishwasher Market, Size will reach US$ 51.4 Billion by 2027. Dishwashers are essentially employed for automatically cleaning dish utensils and wares. People typically use portable dishwashers of compact size in residential settings due to such appliances' portability features. In addition, less noisy dishwashers are preferably purchased by people globally to avoid the disturbing sound that usually comes from manual dishwashers. The emergence of colored and shaded dishwashers is likely to add impetus to the need for such products. These devices effectively match people's home décor demands. It is a mechanical device that cleans cutlery and dishware by spraying hot water at the dish to remove the soiling.
Notwithstanding, the increasing number of the working population and nuclear families is fuelling dishwasher demand. Similarly, the growing product adoption in commercial and residential sectors to save water, time, and energy for utensils cleaning will remain a driving aspect for the dishwasher industry. Additionally, the ease of advancements and availability of technology influence customers to buy dishwashers, especially in developing economies. Further, manufacturers are also focusing on continuous technological innovations in electronic kitchen appliances to add more value to their products, enabling them to enhance users' convenience and functionality.
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COVID-19 Impact on Dishwasher Market:
The outbreak of COVID-19 resulted in an expanded awareness among consumers about hygiene and cleanliness. This led to a rise in the need for dishwashers worldwide. According to LG India, dishwashers have witnessed a 400% to 500% spike in sales of dishwashers in 2020. According to Voltas Beko, people were engaged in their everyday household chores without supporting staff during the lockdown. This dramatically surged the demand for dishwashers.
Freestanding products account for the largest dishwasher market Share:
On the basis of product, the dishwashers market is segmented into freestanding and built-in. The freestanding segment holds a significant market share as users can quickly relocate the dishwashing items from one place to another. Also, the cost-effectiveness of such kinds of products results in more enormous revenues from such a segment. The easy-moving facility of the dishwashers makes them popular among customers. Commercial consumers usually choose these products as they are easily movable. The freestanding products allow buyers to have extra.
Based on Distribution Channel, offline retail is the trending channel globally owing to the wide availability of branded dishwashing items in offline stores. Besides, users can see a product performance demo in person with the help of store staff, which supports income generation from such a segment.
The Europe Dishwasher Market would witness market growth:
Geographically, Europe is the largest market for dishwashers. Sweden and Germany have the highest household ownership rate of dishwashers amongst the most populous countries in Europe. Growing home values have doubled the homeowner's equity in the last few years. This shows the propensity of homeowners to feel more prosperous and more likely to spend money on home advancement. The increasing importance of kitchens as a focal point in every residence has led buyers to decorate their kitchens. The tendency of customers towards technical advances coupled with rising social dynamics has led to the emergence of modern kitchens. Such factors are to boost demand for dishwashers.
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China is the considerable market for dishwasher due to the growing demand for dishwashers and various kitchen appliances. The launch of new and innovative products accelerates the China dishwasher market growth. For instance, Haier Group Corporation introduced its Chinese-style 45cm and 60cm Hybrid series dishwasher, tailored to the kitchens of China.
Competitive Landscape:
The global dishwasher market is highly fragmented with players like Whirlpool Corporation, Electrolux AB, Panasonic Corporation, Robert Bosch GmbH, Arçelik A.?., Miele, Haeir Smart Home Co., LG Electronics.
Market Summary:
Product - Renub Research Report covers by product in the 2 viewpoints (Freestanding &Built-in)Application - Global Dishwasher Market has been covered from 2 viewpoints (Commercial &Residential) Region - This Report covers by Region in the 6 viewpoints (North America, Europe, China, Japan, Rest of Asia, MEA)Distribution Channel - Global Dishwasher Market covers by Distribution Channel in the 2 viewpoints (Offline & Online)Key Players - All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Electrolux AB, Panasonic Corporation, Robert Bosch GmbH, Arçelik A.S., Miele, Whirlpool Corporation, Haeir Smart Home Co., LG Electronics.
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