Dishwashers: Key market research findings
- Advancements in technology drives market growth
- Increasing preference for online retail among consumers
- Key vendors – Electrolux, GE, Robert Bosch, and Whirlpool
Technavio’s market research analysts predict the dishwashers market in the US to grow at a CAGR of around 4% between 2016 and 2020. The demand for dishwashers in the US is spurred by recent advancements in technology and design. Increasing focus given to continuous technological advancements by vendors to add more values to their products and enhance their functionality results in enhanced convenience for users. Companies now are working towards the addition of features that can modify everyday dishwashers into technological work of arts. For instance, Whirlpool has introduced a fully integrated dishwasher that sports features such as TotalCoverage Spray Arm, AccuSense, TargetClea, and Silverware Spray.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Customers are transitioning towards online retail over conventional brick-and-mortar stores. The majority of the consumers in the US prefer to do research about a product’s features and make a price comparison before making the purchase. As a result, vendors are continuously updating their websites to provide the latest information about their products. Besides, online platforms also enable consumers to read customer reviews to make informed decisions before making a purchase,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research.
The market is currently witnessing an increase in the demand for energy and water-efficient dishwashers. The US government is encouraging manufacturers and consumers to switch to water and energy-efficient appliances due to the high energy consumption in households across the country. Furthermore, consumers are also willing to invest in appliances that can help them save on electricity and water use owing to the increasing awareness about the effect their appliances might have on the environment.
The key vendors in the market include Electrolux, GE, Robert Bosch, and Whirlpool. The dishwasher market in the US is competitive as most electronics brands offer consumers a wide variety of models to choose from. Regional players like Whirlpool and GE face fierce competition from other international players like LG Electronics and Samsung in terms of competitive pricing and product development. As a result, the vendors in this market have to distinguish their products by incorporating new product innovations and stay abreast of emerging technologies that have a bearing on their product lines.
A more detailed analysis is available in the Technavio report, Dishwashers Market in the US 2016-2020.
We can customize reports by other regions and specific segments upon request.
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