Upswing in built-in dishwashers sales’ to accelerate dishwasher market’s revenue to $12 billion by 2020, says Technavio

Renewable energy

 

This market research report includes a detailed analysis and segmentation of the global dishwasher market by product type (free-standing dishwashers and built-in dishwashers). It also outlines the market shares of key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Bosch, Electrolux, GE, LG and Whirlpool.

Technavio’s market research analysts estimate the global dishwasher market to grow at a CAGR of around 7% between 2016 and 2020. Due to the high expenses involved in hiring manual cleaners, the consumers have started automating the cleaning process in their residences. Vendors are introducing enhanced technological features in dishwashers to attract more consumers. Recently, they have come up with dishwashers, which can be controlled and monitored through smartphones. EMEA is the largest market for dishwashers, accounting for 55% of the overall market revenue. This region is predicted to dominate the global market for dishwashers during the forecast period, owing to the presence of a large number of producers and exporters of dishwashers in this region.

The new market research report from Technavio provides a breakdown and analysis of the dishwasher segments by technology.

“The energy-efficient product variants are gaining traction in the dishwasher market. Since most consumers are becoming aware of the effects of appliances on the environment and are willing to invest more in energy-efficient appliances, many vendors are now introducing products that are designed for efficiency. The ability of these products to reduce the energy consumption and the carbon footprint is expected to bolster the adoption of energy-efficient dishwashers during the predicted period,” says Jhansi Mary, Lead Analyst, Education, Technavio Research

The built-in dishwashers segment leads the global dishwasher market, accounting for 73% of the overall market share. The consumers’ growing preference for space-saving appliances and large load capacity dishwashers is expected to drive growth in the built-in dishwasher segment during the forecast period.

The leading vendors in the global dishwasher market include Bosch, Electrolux, GE, LG and Whirlpool. This market is highly fragmented because of the presence of numerous small and large vendors. The vendors in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion to gain maximum market traction during the predicted period.

A more detailed analysis is available in the Technavio report, Global Dishwasher Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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