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Dishwasher Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global dishwasher products market was valued at USD 18.5 billion in 2022 and is projected to expand at a CAGR of 6.7% from 2023 to 2030. The growing demand for energy-efficient and cost-effective dishwashers is driving the growth of the market. The increasing focus on energy conservation and the rise of the green economy have propelled the demand for energy-efficient products, thereby boosting the market growth. Furthermore, the rising awareness of hygiene and the increasing disposable income of consumers are driving the growth of the market.
The rising demand for built-in dishwashers is boosting the market’s growth. The built-in dishwashers are easy to install, and they save space, which is driving the demand for these products. Moreover, the growing trend of renovation and remodeling activities is driving the demand for built-in dishwashers. The rising focus on green products is driving the demand for eco-friendly dishwashers. For instance, in April 2021, Bosch Home Appliances launched a new series of dishwashers for the Indian market that are equipped with features such as the EcoSilence drive, an energy-efficient motor, and a zero-degree-plus feature.
The increasing demand for smart dishwashers is propelling the growth of the market. The smart dishwashers come with advanced features such as voice control, remote access, and smart sensors. The increasing demand for convenience and automation is driving the demand for smart dishwashers. For instance, in April 2021, Whirlpool Corporation announced the launch of its 6th Sense Live app, which allows users to access and control their dishwashers remotely. The increasing demand for flexible and modular kitchen designs is also driving the demand for dishwashers. The rising trend of integrating the kitchen with other parts of the house is propelling the demand for modular kitchen designs, which, in turn, is driving the demand for dishwashers.
The increasing popularity of rental models is also driving the market’s growth. The rental models are gaining traction among consumers as they are cost-effective and provide flexibility to consumers. For instance, in January 2021, Rentomojo announced the launch of a rental model for dishwashers. Furthermore, the increasing adoption of rental models by rental service providers is expected to further boost the market’s growth.
The increasing number of mergers and acquisitions is boosting the market’s growth. Companies are focusing on mergers and acquisitions to expand their market presence and to increase their product portfolio. For instance, in March 2021, Whirlpool Corporation announced the acquisition of Yummly, a food-discovery platform that provides personalized meal recommendations. The acquisition is expected to help Whirlpool Corporation to expand its presence in the market.
Product Insights
The built-in dishwashers segment held the largest share of the market in 2020. Built-in dishwashers are integrated with the kitchen cabinets and provide a seamless look. The built-in dishwashers segment is projected to register the highest growth rate during the forecast period due to increasing consumer preference for convenience and safety. Furthermore, the growing trend of using smart appliances, such as connected dishwashers, is expected to drive the growth of the built-in dishwashers segment in the coming years.
The freestanding dishwashers segment is estimated to expand at a significant CAGR during the forecast period. The freestanding dishwashers are more affordable and can be easily moved from one place to another. In addition, the availability of different sizes of freestanding dishwashers is another factor driving the demand for these products. The freestanding dishwashers are specifically designed for small households, apartments, and cottages.
Distribution Channel Insights
The supermarkets and hypermarkets segment captured the major share of over 45.8% in 2022. This segment is likely to maintain its market dominance over the forecast period, owing to the rising consumer preference for these outlets as a primary source to purchase kitchen appliances. These establishments also provide a wide range of products and assist customers in making rapid purchasing decisions for the required dishwasher.
The online segment is anticipated to expand at the highest CAGR of 12.7% over the forecast period. E-commerce development in the kitchen appliance industry has been rapid, with companies launching online websites and shopping apps to increase their brand visibility among consumers. For instance, in December 2022, Amazon launched AmazonFresh to provide its customers with a wide range of kitchen appliances, including dishwashers. The website will provide customers with various brands and products for dishwashers along with expert advice and opinions on choosing the best product.
Type Insights
The built-in dishwasher segment accounted for the largest revenue share of 61.2% in the year 2022. The rising demand for built-in dishwashers among consumers due to their ease of installation and space-saving features is driving the segment. Furthermore, the growing trend of smart homes and increasing disposable income are also boosting the demand for built-in dishwashers in the market. In May 2022, Whirlpool Corporation, a leading manufacturer of home appliances, launched a new range of smart dishwashers with voice and app control, which are compatible with Google Assistant and Amazon Alexa.
The freestanding dishwasher segment is anticipated to expand at the highest CAGR of 9.2% over the forecast period. The increasing demand for freestanding dishwashers due to their competitive pricing and portability is driving the segment. Furthermore, the increasing trend of mini-kitchens in restaurants and bars is also a key factor driving the demand for freestanding dishwashers. For instance, in April 2022, Whirlpool Corporation released a new range of freestanding dishwashers with advanced features such as a powerful cleaning cycle, a sanitize cycle, and a soil sensor.
Regional Insights
Europe is anticipated to remain the dominant region in the global dishwasher products market. This is primarily due to the increasing number of households as well as rising disposable incomes in the region. Furthermore, the presence of leading players in the region such as Bosch, Siemens, and BSH Home Appliances is also aiding in the growth of the market. For instance, in April 2021, Bosch launched the AutoAir dishwasher that automatically opens the door to release steam at the end of the cycle, making the dishes dry faster.
North America is expected to witness the fastest growth in the coming years. This can be attributed to rising demand for energy-efficient products in the region. Furthermore, growing concerns regarding hygiene and an increase in the number of households with dishwashers are also expected to boost the demand for dishwasher products in the region. For instance, in October 2021, Whirlpool launched the WDT750SAHZ dishwasher with a third level rack that allows for additional loading capacity.
Financial Projections
In this part of the dishwasher products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your dishwasher products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main sources of revenues for a dishwasher products business come from retail sales, online sales, wholesaling, and services. Here you will find a list with a description of each of them and other possible sources of profit such as advertising and marketing services.
Projecting Expenses
In this section, all the regular expenses related to keeping the dishwasher products business running will be described. The list of operating expenses includes inventory costs, manufacturing costs, shipping costs, wages, utilities, advertising, and others.
Key companies & market share insights
Some of the key companies operating in the dishwasher market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In August 2022, Whirlpool Corporation launched a new range of dishwashers with improved cleaning and drying capabilities.
– In September 2022, Bosch Home Appliances launched the Silence Plus dishwasher, a dishwasher with superior noise reduction capabilities.
– In October 2022, Electrolux AB launched the UltraFlex dishwasher, a dishwasher which allows users to adjust the compartment to fit different types of dishes.
Some of the prominent players in the dishwasher market include:
– Whirlpool Corporation
– Electrolux AB
– Bosch Home Appliances
– LG Electronics
– Samsung Electronics Co., Ltd.
– Haier Group Corporation
– Robert Bosch GmbH
– Miele & Cie. KG
– Gorenje Group
– Panasonic Corporation
Global Dishwasher Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global dishwasher products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Built-in Dishwashers
– Portable Dishwashers
– Countertop Dishwashers
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Type Outlook (Revenue, USD Million, 2017 – 2030)
– Standard
– Advanced
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the factors driving the Dishwasher Products market?
[A]: The increasing demand for energy-efficient products, due to the rising awareness about environmental protection, is a major factor driving the growth of the Dishwasher Products market. Additionally, the increasing demand for convenience and time-saving products, as well as the increasing adoption of dishwashers in residential and commercial settings, are other major factors driving the growth of the Dishwasher Products market.
[Q]: Who are the Key Players in the Dishwasher Products Market?
[A]: Some of the key players in the Dishwasher Products Market include Whirlpool Corporation, Electrolux AB, BSH Home Appliances Corporation, Haier Group, and LG Electronics.
[Q]: What are the factors restraining the Dishwasher Products market?
[A]: High cost of installation and maintenance, lack of technical knowledge, and lack of availability of skilled personnel are some of the factors restraining the growth of the Dishwasher Products market.
[Q]: What are some of the latest trends in the Dishwasher Products market?
[A]: Some of the latest trends in the Dishwasher Products Market include the increasing focus on the development of eco-friendly dishwashers and the increasing adoption of smart dishwashers.
[Q]: Which Region Offers the Largest Opportunity for Sales of Dishwasher Products?
[A]: North America is expected to offer the largest opportunity for the Dishwasher Products Market, owing to the presence of major players, the high disposable income of consumers, and the increasing demand for energy-efficient products.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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