The global Dishwasher Market size is expected to reach USD 10.23 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.2% during the forecast period. Rising number of working population along with the hectic schedules is projected to drive the product demand. Furthermore, the growing awareness about hygiene and cleanliness is expected to accelerate the growth.
The
built-in segment is anticipated to register the fastest CAGR of 7.8% from 2019
to 2025. The advanced features of built-in products, including specialized
targeted sprays, wash cycles, and multiple spray arms, are attracting the
consumers. In addition, growing demand for modular kitchens is anticipated to
further fuel the demand for built-in kitchen appliances that save space, time,
and resources.
The
commercial application held the leading dishwasher market share of more than
60% of the global revenue in 2018. Growing importance of the product in the
commercial foodservice sectors, such as hotels, restaurants, cafés, and pubs,
has been expanding product demand in the segment.
Asia
Pacific is expected to expand at the fastest CAGR of more than 10% from 2019 to
2025. Rising spending on modular kitchen along with increasing concerns over
sanitation is driving the regional growth. The key regional markets include
China, Japan, South Korea, Taiwan, and India. Growing penetration of global
producers in Asia Pacific has been enhancing the product offering in the
region. In addition, introduction of localized and country-specific products
has been boosting the regional product demand.
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summary: Dishwasher Market Report
Dishwasher
Market Report Highlights
- Freestanding products held
the largest market of more than 50% in 2018
- Residential application is
expected expand at a rapid CAGR of 8% from 2019 to 2025
- Based on distribution
channel, offline segment held the largest in 2018 terms of revenue
- Online distribution
channel is expected register the fastest CAGR during the forecast period
- The key competitors in the
dishwasher market include Haier Group Corporation; Electrolux AB; LG
Electronics Inc.; Whirlpool Corporation; Robert Bosch GmbH; Aga
Rangemaster Group; Samsung Group; Asko Appliances AB; Miele; and Fagor
Electrodomésticos
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To help clients make informed business decisions, the company offers market
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