Meticulous Research®, a leading global market research firm, has unveiled its comprehensive report titled, “Dishwashers Market by Product Type (Built-in, Portable), Dishwasher Size (Compact, Standard), Distribution Channel (Offline, Online), End User (Residential, Commercial (Hospitality, Commercial Kitchens)), and Geography - Global Forecast to 2031.” This report projects the global dishwashers market will achieve a valuation of $38.2 billion by 2031, expanding at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
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The report highlights several key factors fueling market growth, including rising household disposable incomes, evolving consumer lifestyles, and technological advancements in home appliances. Despite these growth drivers, challenges such as water and energy consumption constraints may impact the market’s expansion.
Market Dynamics and Trends
The report identifies several critical trends shaping the dishwashers market:
• Product Type Segmentation: Built-in dishwashers are expected to dominate the market, holding a share of over 62% in 2024. This segment’s growth is attributed to increasing disposable incomes, compact urban living spaces, and the rising popularity of modular kitchens. Notably, AB Electrolux’s launch of a new built-in appliance range in India in February 2023 exemplifies this trend. Conversely, portable dishwashers are projected to experience the highest CAGR, driven by the trend towards mobile lifestyles and urbanization.
• Dishwasher Size: Standard dishwashers are anticipated to hold a significant market share of over 55% in 2024, fueled by the growth in mini cafes and restaurants, as well as modern consumer preferences for hygiene. The compact dishwasher segment, however, is poised for the highest CAGR, reflecting increasing kitchen renovations and the demand for space-saving solutions in compact living spaces.
• Distribution Channels: The offline segment is forecasted to dominate with over 85% of the market share in 2024, thanks to consumer preferences for in-store experiences and immediate product availability. Meanwhile, the online segment is expected to grow at the highest CAGR, supported by the booming e-commerce industry and the convenience of online shopping.
• End User Segmentation: The commercial segment is projected to hold over 60% of the market share in 2024, driven by the growing number of food service establishments and stringent food safety regulations. The residential segment is forecasted to experience the highest CAGR, driven by rising disposable incomes and increasing demand for home appliances that enhance convenience and hygiene.
• Geographic Insights: Asia-Pacific is anticipated to account for over 37% of the global market in 2024, buoyed by rapid urbanization, rising incomes, and technological advancements. This region is also expected to achieve the highest CAGR of above 6% during the forecast period, supported by government policies promoting water conservation and the introduction of innovative products such as Samsung Electronics’ IntensiveWash Dishwasher.
Key Market Players
The report profiles major industry players including:
• Robert Bosch GmbH (Germany)
• Midea Group (China)
• Asko Appliances AB (Sweden)
• Siemens AG (Germany)
• Fagor Electrodomestico (Spain)
• AB Electrolux (Sweden)
• Arcelik A.S. (Turkey)
• LG Electronics Inc. (South Korea)
• Whirlpool Corporation (U.S.)
• GE Appliances (U.S.)
• Samsung Electronics Co., Ltd. (South Korea)
• IFB Appliances (India)
• Panasonic Holdings Corporation (Japan)
• Miele & Cie. KG (Germany)
• The Middleby Corporation (U.S.)
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