Household Laundry Equipment Market Forecast 2024-2033: Growth Rate, Drivers, And Trends
Household Laundry Equipment Market Growth Trajectory Through 2024-2033
Global Household Laundry Equipment Market Analysis 2024 – Estimated Market Size And Key Drivers
Household Laundry Equipment Market Overview 2024-2033 – Competitive Landscape and Strategies
Global Household Laundry Equipment Market Report 2024: Growth Rate, Major Segments And Regions
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The Household Laundry Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
Learn More On The Household Laundry Equipment Market:
https://www.thebusinessresearchcompany.com/report/humidifying-equipment-global-market-report
According to The Business Research Company’s Household Laundry Equipment Global Market Report 2024, The household laundry equipment market size has grown strongly in recent years. It will grow from $101.96 billion in 2023 to $108.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to electrification of households, changing consumer lifestyles, urbanization and smaller living spaces, increase in the number of nuclear families worldwide, increasing awareness of energy conservation.
The household laundry equipment market size is expected to see steady growth in the next few years. It will grow to $131.11 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to smart and connected appliances, energy efficiency and sustainability, health and hygiene trends, urbanization and space constraints, laundry automation. Major trends in the forecast period include front-load washing machines, washer-dryer combos, smart laundry apps, faster and more efficient cycles, laundry sanitization features.
Rapid Urbanization Is Expected To Contribute To The Growth Of Household Laundry Equipment In The Forecast Period. For Instance, In April 2022, According To The World Economic Forum, A Switzerland-Based Independent International Organization, More Than 4.3 Billion People, Or 55% Of The World’S Population, Lived In Urban Settings, And The Number Is Expected To Rise To 80% By 2050. The Growth In The Urban Population, Coupled With The Rise In Disposable Incomes And Affordability Among Residents Of Cities, Will Drive The Demand For Household Laundry Equipment
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The household laundry equipment market covered in this report is segmented –
1) By Type: Washing Machines; Ironers; Dryers; Others – Household Laundry Equipment
2) By Technology: Automatic; Semi-Automatic/ Manual; Other Technologies
3) By Distribution Channel: Direct Selling; Retail; E-commerce; Other Distribution Channels
The household laundry equipment market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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d Laundry Equipment Market Forecast 2024-2033: Growth Rate, Drivers, And
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