Asia Pacific Portable Washing Machine Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.18 Billion |
| Market Size (2029) | USD 6.5 Billion |
| CAGR (2024 - 2029) | 4.67 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Portable Washing Machine Market Analysis
The Asia Pacific Portable Washing Machine Market size is estimated at USD 5.18 billion in 2024, and is expected to reach USD 6.5 billion by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).
- Developing countries dominate the market in the Asia-Pacific region. Rising disposable incomes and rapid urbanization, as well as innovative and attractive advertising by manufacturing companies, are creating a potentially disruptive market environment in the Asia-Pacific. The increase in urban population and middle-class families has led to low-cost devices dominating the market and consumers willing to enjoy the convenience of technology available in the market.
- Although high prices for some essential items have slowed growth, low-cost products made in China are dominating the market, helping strengthen the company's position in the Asia-Pacific consumer electronics market. Manufacturers from China and South Korea hold a large market share in the Asia-Pacific region, and energy efficiency is becoming an increasingly high priority for consumers. Eco-friendly inventions will be most important in shaping the washing machine market in the region.
- The demand for mini washing machines is driven by increasing environmental awareness and the introduction of strict environmental regulations. Market growth is fuelled by the increasing demand for energy-efficient and water-saving home appliances, as well as the growing need for the convenience and portability of compact washing machines.
- The post-COVID scenario of the Asia Pacific portable washing machine market is witnessing significant growth. With the increased focus on hygiene and cleanliness, portable washing machines have become popular among urban dwellers and those living in small spaces. The market is expected to experience a surge in demand due to the convenience and efficiency offered by these compact washing machines.
Asia Pacific Portable Washing Machine Market Trends
Increased Demand for Portable Washing Machines in Small Homes
- A foldable washing machine is one of the trends in modern laundry appliance design. In some of the most populous cities, most people live in small buildings or apartments, the main reason for which is lack of space. Considering foldability in the design makes washing machines not only easier to transport but also more convenient to use, especially in limited spaces. Address limited space issues by improving design modularity and versatility.
- Furthermore, rapid urbanization in many countries in the Asia-Pacific region has led to people moving to urban areas, and living space has become smaller, making mini washing machines a necessity. In addition, there are many students and young professionals in this area who frequently change their residences, so portable and space-saving mini washing machines are very attractive. Additionally, increasing awareness of environmental sustainability is driving consumers to choose compact washing machines.
China is Dominating the Portable Washing Machine Market
- China is the world’s largest portable washing machine market by volume, consumption, sales, and exports. The washing machine is one of the most essential household appliances in China. The commercial use of washing machines in hotels, resorts, and other institutions for large loads of commercial laundry is also rising.
- The washing machine market growth in China is mainly attributed to rapid urbanization, increasing disposable income, improved rural electrification, and the government’s subsidy program launched to encourage the sale of big appliances in the rural areas of China, which has contributed to the penetration of big appliances in China. This has also contributed to the increase in replacement potential for domestic appliances in China.
- The market's growth is expected to be driven by the increasing population in urban areas and the disposable income that makes these appliances affordable. The country's per capita income has increased, resulting in a rise in disposable income, which has led to a surge in consumer spending, which is a major factor in the growth of the market.
Asia Pacific Portable Washing Machine Industry Overview
The Asia-Pacific portable washing machine market is fragmented. The portable market tends to be competitive with the presence of international players. Energy labels and energy-efficiency policies have enabled manufacturers to focus on the development of energy-efficient products. Manufacturers are focusing on new product development, advancement in technologies, and increasing their manufacturing capacity.
Domestic players have turned their focus towards rural areas as urban markets are dominated by foreign multinationals. Some of the key players in the washing machine market are LG Electronics India Pvt. Ltd., Samsung India Electronics Ltd, Whirlpool, Godrej, Electrolux, IFB, Lloyd, Bosch, Haier, Videocon, and Other prominent players.
Asia Pacific Portable Washing Machine Market Leaders
-
LG
-
Electrolux
-
Haier
-
Whirlpool
-
Samsung
*Disclaimer: Major Players sorted in no particular order
Asia Pacific Portable Washing Machine Market News
- October 2023: Haier Appliances India (Haier India) introduced a new lineup of washing machines in India. The 306 washing machine series debuts with an industry-first feature – Ultra Fresh Air, designed to preserve the freshness of clothes after each cycle.
- August 2023, LG Electronics unveiled the latest addition to its second-generation LG SIGNATURE lineup during IFA 2023 – the new Washer-Dryer with Heat Pump. Harnessing LG’s advanced heat pump technology, this space-efficient appliance ensures effective washing and drying performance, gentle clothing care, and an unmatched one-stop laundry experience.
Asia Pacific Portable Washing Machine Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Smart Electric Portable Washing Machine Driving the Market
4.3 Market Restraints
4.3.1 Availability Alternative Laundry Methods
4.4 Market Opportunities
4.4.1 Demand for Technological Advancement Products
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Technological Advancements
4.8 Insights on Covid-19
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Front Loader
5.1.2 Top Loader
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 by Distribution Channel
5.3.1 Specialty Stores
5.3.2 Multi-Brand Stores
5.3.3 Online
5.3.4 Other Distribution Channels
5.4 By Geography
5.4.1 China
5.4.2 India
5.4.3 Japan
5.4.4 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions
6.2 Company Profiles
6.2.1 LG
6.2.2 Electrolux
6.2.3 Haier
6.2.4 Whirlpool
6.2.5 Samsung
6.2.6 Bosch
6.2.7 GE Appliances
6.2.8 Godrej
6.2.9 Danby Compact
6.2.10 Videocon*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Asia Pacific Portable Washing Machine Industry Segmentation
Portable washing machines are a practical solution for people with limited space or who move frequently. These compact washing machines offer the same functionality as traditional washing machines but are smaller.
The Asia-Pacific portable washing machine market is segmented by type, application, and distribution channel. By type, the market is segmented into front loader and top loader. By application, the market is segmented into residential and commercial and By distribution channel, the market is segmented into specialty stores, multi-brand stores, online and others. By geography, the market is segmented into China, India, Japan, and the rest of Asia Pacific.
The report offers market size and forecasts of the Asia Pacific Portable Washing Machine Market in terms of value (USD) for all the above segments.
| By Type | |
| Front Loader | |
| Top Loader |
| By Application | |
| Residential | |
| Commercial |
| by Distribution Channel | |
| Specialty Stores | |
| Multi-Brand Stores | |
| Online | |
| Other Distribution Channels |
| By Geography | |
| China | |
| India | |
| Japan | |
| Rest of Asia Pacific |
Asia Pacific Portable Washing Machine Market Research FAQs
How big is the Asia Pacific Portable Washing Machine Market?
The Asia Pacific Portable Washing Machine Market size is expected to reach USD 5.18 billion in 2024 and grow at a CAGR of 4.67% to reach USD 6.5 billion by 2029.
What is the current Asia Pacific Portable Washing Machine Market size?
In 2024, the Asia Pacific Portable Washing Machine Market size is expected to reach USD 5.18 billion.
Who are the key players in Asia Pacific Portable Washing Machine Market?
LG, Electrolux, Haier, Whirlpool and Samsung are the major companies operating in the Asia Pacific Portable Washing Machine Market.
What years does this Asia Pacific Portable Washing Machine Market cover, and what was the market size in 2023?
In 2023, the Asia Pacific Portable Washing Machine Market size was estimated at USD 4.94 billion. The report covers the Asia Pacific Portable Washing Machine Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Portable Washing Machine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Portable Washing Machine Industry Report
Statistics for the 2024 Asia Pacific Portable Washing Machine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Portable Washing Machine analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
