Dishwasher Market

1. Dishwasher Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast The global dishwasher market is projected to expand at a CAGR of 6.2% during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising number of the working population. A dishwasher is a kitchen appliance intended to clean cutlery and dishware. The cutlery is placed in the machine and its functions such as cleaning and drying are carried out by spraying a mixture of hot water and detergent on the dishes to remove dirt and soiling. The global dishwasher market is expected to witness an impressive growth owing to the increasing adoption of the product in the commercial and residential sector, as it save time, energy and water that is required more in manual cleaning process. Request Sample link :- https://growthmarketreports.com/request-sample/253 Market Trends, Drivers, Restraints, and Opportunities  Increasing cost of hiring manual cleaners is the key factor responsible for the rise in the demand for automatic cleaning machinery around the world. Changing lifestyle of people along with increasing number of working women population in emerging economies are projected to spur the market growth. Increasing consumer awareness about the negative impact of electronic devices on the environment can restrain the market growth. However, latest innovation such as development of energy efficient dishwashers, which consumes less energy and reduces carbon footprints, is anticipated to create several opportunities for the manufacturers. Increasing awareness among consumers about water conservation is spurring the market growth. Stainless steel dishwasher is driving the market growth owing to its low maintenance cost. Moreover, they require low wattage heat for drying, thus saving the energy. Consumer preferences are inclining toward innovative features such as glass protection, shine enhancers, rinse aid, and soundproof. Such innovations are expected to spur the market growth.     

2. Market Segment Insights: Freestanding segment accounts for large market share Based on products, the market is divided into freestanding and built-in. The freestanding segment accounted for a large share of the market in 2020, in terms of revenue. Freestanding products are more favored in the commercial sector owing to its easy movability and less space requirements. They are generally less expensive, more convenient and don’t require any special installation, as compared to built-in dishwashers. Customized freestanding product has recently gained quite a demand in both commercial and residential sector. Enquiry Link :- https://growthmarketreports.com/enquiry-before-buying/253 Competitive Landscape Some of the leading manufacturers in the global dishwasher market are 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. The key players are engaging in mergers and acquisitions to improve their product offering and market share. For instance, June 2016, Haier Group Corporation acquired home appliance division of General Electric for USD 5.6 Billion. This move increased the market share of the former company and helped it to increase its product offering. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter