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Portable Dishwasher Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global portable dishwasher products market was valued at USD 8.2 billion in 2022 and is projected to expand at a CAGR of 6.5% from 2023 to 2030. The rising trend of compact living is driving the demand for portable dishwashers. Furthermore, portable dishwashers are gaining traction in the modern lifestyle as they are capable of providing high-end performance in a compact design. For instance, in April 2021, Bosch launched a new series of 24-inch portable dishwashers with an innovative feature called InfoLight, which illuminates the floor to indicate the dishwasher’s operating status.
The increasing trend of online shopping is also driving the demand for portable dishwashers. Consumers prefer to purchase these products online as it provides convenience and wider product options. Moreover, the availability of attractive discounts and offers is further accelerating the online sales of the portable dishwasher products. For instance, in March 2021, Amazon offered a discount of 20% on the purchase of a portable dishwasher. Furthermore, the availability of multiple payment options, such as cash on delivery, debit/credit cards, and digital wallets, is encouraging consumers to purchase these products online.
The increasing concerns regarding environmental sustainability are driving the demand for eco-friendly products. Manufacturers are introducing portable dishwashers that are powered by solar energy and are equipped with features such as water-efficient technologies and biodegradable detergents. For instance, in June 2021, LG launched the SolarDry Portable Dishwasher, which uses solar energy to power the dishwasher and is equipped with advanced features such as an auto-water sensor and a built-in water softener. This product is designed to reduce water usage and promote eco-friendly cleaning.
The rising disposable incomes of consumers are driving the demand for high-end portable dishwashers. Consumers are willing to spend more on these products, as they are equipped with features such as multi-stage filtration, stainless steel tubs, and digital displays. Furthermore, manufacturers are introducing new features in portable dishwashers to meet the evolving needs of consumers, such as Wi-Fi connectivity and voice-controlled operations. For instance, in March 2021, Whirlpool launched a voice-activated smart dishwasher with a range of advanced features, such as a food disposal system and a built-in water softener.
The rising number of nuclear families is driving the demand for portable dishwashers, as they are easy to install and operate. Furthermore, manufacturers are introducing portable dishwashers in various sizes and designs to cater to the needs of consumers. For instance, in August 2021, Fisher & Paykel launched a range of slimline dishwashers that are designed to fit into tight spaces and equipped with quick-connect technology that makes installation easier. Moreover, the availability of a wide variety of these products online is accelerating the demand. The e-commerce platform further provides various offers on these products, which is boosting online sales.
Product Insights
The portable dishwashers segment accounted for a share of around 44.9% in 2022. The convenience and efficiency of portable dishwashers have been driving their demand in households worldwide. According to a survey conducted by the National Kitchen and Bath Association (NKBA), in 2019, approximately 32% of respondents reported that they preferred to use a portable dishwasher. Moreover, the increasing penetration of innovative features such as sensors, eco-friendly cycles, and digital displays are also bolstering the demand for portable dishwashers.
The built-in dishwashers segment is anticipated to expand at the fastest CAGR of 8.2% over the forecast period. Demand for built-in dishwashers is increasing owing to their convenience, easy maintenance, and efficient cleaning. According to a survey conducted by the NKBA, in 2019, approximately 35% of respondents reported that they preferred to use a built-in dishwasher. Furthermore, the increasing adoption of smart dishwashers with voice-controlled technology is further driving the growth of the market.
Distribution Channel Insights
The specialty stores segment held the largest share in the global portable dishwashers market in 2022, owing to the availability of a wide range of portable dishwashers of different designs and sizes. The presence of well-trained in-store sales personnel, who can provide product information and insights to customers, is driving the segment growth. Furthermore, the presence of a wide range of products with different specifications and prices offered by multiple brands at one place helps customers to compare and choose the right product.
The online segment is expected to expand at the highest CAGR during the forecast period. Online stores offer a wide range of products with detailed specifications and features as well as offers and discounts. Customers can compare and buy the product of their choice. The availability of multiple payment options such as credit cards, debit cards, net banking, and cash on delivery (COD) is further driving the growth of the segment. The availability of a wide range of products along with detailed product information and customer reviews is further driving the growth of the segment.
Type Insights
The full-size segment dominated the market with a market share of 66.7% in the year 2022. The rising trend of energy-efficient kitchen appliances and the increasing number of nuclear families have been driving the demand for full-size portable dishwashers. Moreover, the introduction of the latest technology such as sensor-based water fill and dry-enhancement technology has further propelled the demand for full-size portable dishwashers. Also, the availability of various options in terms of sizes and capacities has further increased the demand for full-size portable dishwashers.
The countertop segment is expected to register the highest CAGR of 16.6% over the forecast period. The rising trend of compact kitchen appliances and the increasing preference for small-space living are the key factors driving the demand for countertop portable dishwashers. Also, the increasing number of working-class women is propelling the demand for countertop portable dishwashers. Furthermore, the introduction of advanced features such as energy efficiency and smart technology is further augmenting the market growth.
Regional Insights
Europe held the largest share in the global portable dishwasher market in 2020 and is expected to retain its dominance over the forecast period. This is mainly attributed to the increasing awareness among consumers about the various advantages and convenience offered by portable dishwashers, such as their compact size and ease of use. In addition, manufacturers are introducing a variety of portable dishwashers in the market, which is expected to further fuel the growth of the market in the region. For instance, in July 2020, Bosch launched its upgraded version of the Bosch 300 Series Portable Dishwasher in Europe.
North America is projected to be the second-largest market for portable dishwashers during the forecast period. Increasing demand for portable dishwashers in the U.S. and Canada is expected to drive the growth of the market in the region. In addition, manufacturers in the region are introducing advanced features in their products, such as touch panel controls and LED displays, to attract more customers. For instance, in August 2020, Whirlpool Corporation launched its new range of portable dishwashers in the U.S. with advanced features.
Financial Projections
In this section of the portable dishwasher product 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 portable dishwasher product. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main sources of revenue for a portable dishwasher product business come from the sale of the product, along with any related services, such as installation, repair, and maintenance. Additionally, revenue can be generated from the sale of accessories and extended warranties.
Projecting Expenses
In this section, all the regular expenses related to keeping the portable dishwasher product business running will be described. The list of operating expenses includes product costs, labor costs, marketing and advertising, utilities, insurance policies, and other related costs.
Key companies & market share insights
Some of the key companies operating in the portable 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 portable dishwashers designed to work with any kitchen sink.
– In October 2022, LG Electronics launched a new range of portable dishwashers that come with a built-in water tank.
– In December 2022, Samsung Electronics launched a new range of portable dishwashers that have a digital timer and can be operated via a smartphone app.
Some of the prominent players in the portable dishwasher market include:
– Whirlpool Corporation
– Electrolux AB
– LG Electronics
– Samsung Electronics
– BSH Home Appliances Corporation
– Haier Group Corporation
– Midea Group
– Panasonic Corporation
– Danby Products Ltd.
– Hisense Co., Ltd.
Global Portable 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 portable dishwasher products market based on product type, distribution channel, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Countertop Dishwashers
– Built-In Dishwashers
– Portable Dishwashers
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of Product Innovation?
[A]: Product innovation is a key factor driving the portable dishwasher market. Consumers are becoming more aware of the importance of cleanliness and hygiene, which is driving the demand for efficient and hygienic dishwashing solutions. In addition, due to the convenience and portability of these products, consumers are increasingly opting for portable dishwashers over traditional ones. With the advent of smart technology, manufacturers are also introducing automated and programmable dishwashers that are equipped with advanced features, such as self-cleaning and self-monitoring. This is expected to further drive the portable dishwasher market.
[Q]: Who are the Key Players in the Portable Dishwasher Market?
[A]: Key players in the portable dishwasher market include Whirlpool Corporation, AB Electrolux, Haier Group, LG Electronics Inc., Miele & Cie. KG, Bosch Home Appliances, Inc., and Maytag Corporation.
[Q]: Which Region Offers the Largest Opportunity for Sales of Portable Dishwashers?
[A]: Asia Pacific is expected to offer the largest opportunity for the portable dishwasher market. This is due to the growing disposable income and changing lifestyle of the consumers in the region. In addition, the rising demand for energy-efficient and cost-effective dishwashing solutions is expected to drive the market in the region.
[Q]: What are the factors driving the portable dishwasher market?
[A]: The growth of the portable dishwasher market is driven by factors such as the growing demand for energy-efficient and cost-effective dishwashing solutions, the increasing trend of home automation, and the rising number of restaurants and food outlets. In addition, the increasing trend of urbanization and the growing demand for convenience in households are expected to drive the portable dishwasher market.
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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