Built-in dishwashers: Key market research findings
- North America dominates the market geographically
- Product innovation drives market growth
- Key vendors – Arçelik, Electrolux, GE, Bosch, and Whirlpool
Technavio’s market research analysts predict the global market for built-in dishwashers to grow at a CAGR of around 7% between 2016 and 2020. The growth of the market can be accredited to the growing demand for compact and integrated built-in dishwashers for smaller and built-in kitchens. Compact homes are driving the market for integrated built-in dishwashers, which are targeted specifically for smaller and built-in kitchens. The increasingly hectic schedules of individuals in both their personal and professional lives restrict the time for household chores, and hence, the need for compact kitchens and space-saving appliances is increasing rapidly. During 2015, North America accounted for around 48% of the market space to dominate the global built-in dishwasher market. The demand for built-in dishwashers from the replacement market coupled with the recovery of the housing industry will fuel the built-in dishwasher market in North America during the forecast period.
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.
“Customization of built-in dishwashers is a trend that is coming up in the market at present. Companies like Bosch are introducing built-in dishwashers for emerging countries like India, where the cooking style requires the use of more oil and spices, and thereby dishwashers have to be more efficient. Vendors in the market are also introducing customized built-in dishwashers in terms of automatic load recognition and racks for different types of dishes like plates and glasses on several levels. Features such as larger capacity, provision of loading different sizes of dishes, and flexibility to wash smaller loads make built-in dishwashers more user-friendly and convenient,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research.
Technological and design innovations in built-in dishwashers is spurring an increase in upgrade purchases among consumers. Built-in dishwashers are now being manufactured with additional features such as faster and more efficient operation, noise reduction, and saving operating time as opposed to the older versions. Vendors in the market are focusing on product innovation in an attempt to strengthen their foothold in the market.
The key vendors in the market include Arçelik, Electrolux, GE, Bosch, and Whirlpool. This market is highly competitive with several leading electronics brands offering a wide variety of models. The market includes well-diversified international and regional vendors. Regional players have a better foothold in their respective regions as compared to the global players. However, the local players are facing stiff competition from the established vendors in terms of quality, technology, and pricing. As the market is characterized by rapid technological advancements and frequent changes in consumer preferences, the competition in the market will further intensify during the forecast period.
A more detailed analysis is available in the Technavio report, Global Built-in Dishwasher Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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