The Business Research Company’s latest report Smart Washing Machines Global Market Report 2020 covers Smart Washing Machines market drivers, Smart Washing Machines market trends, Smart Washing Machines market segments, Smart Washing Machines market growth rate, Smart Washing Machines market major players, and Smart Washing Machines market size. The report provides in-depth analysis of the impact of COVID-19 on the Smart Washing Machines industry, along with revised market numbers due to the effects of the coronavirus.
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Smart Washing Machines Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global smart washing machine market is expected decline from $7.85 billion in 2019 and to $7.59 billion in 2020 at a compound annual growth rate (CAGR) of -3.22%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $12.48 billion in 2023 at CAGR of 18.03%.
The report covers the Smart Washing Machines market’s segments-
1) By Type: Top Load, Front Load.
2) By Application: Residential, Commercial.
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