London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Dishwasher Market 2015-2019, which is expected to grow steadily at a CAGR of 6.38 percent and 5.36 percent in terms of revenue and unit shipment, respectively, during the period 2014-2019.
“Many vendors are looking to enter these lucrative markets by offering modular kitchens in all price ranges,” says Faisal Ghaus, Vice President of TechNavio.
“The increased demand for modern kitchens in emerging economies such as India, China, and Brazil has triggered an increased demand for dishwashers in the region as a whole.”
Key Market Drivers
- Increase in Disposable Income
- Increase in Number of Women Employees
- Less Time for Household Chores
- Increased Convenience in Kitchen Maintenance
Key Market Trends
- Increased Focus on R&D
- Growing Home Improvement and Renovation Activities
- Rapid Advances in Technology
- Rapid Commercialization of Built-in Dishwashers
- Growth in Online Retailing
Key Market Vendors
- Bosch und Siemens Hausgeräte GmbH
- Electrolux AB
- LG Electronics Inc.
- Whirlpool Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
