Market Size of Israel Laundry Appliances Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 290.81 Million |
Market Size (2029) | USD 341.24 Million |
CAGR (2024 - 2029) | 3.25 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Israel Laundry Appliances Market Analysis
The Israel Laundry Appliances Market size is estimated at USD 290.81 million in 2024, and is expected to reach USD 341.24 million by 2029, growing at a CAGR of 3.25% during the forecast period (2024-2029).
The impact of COVID-19 on dry cleaning and laundry services in Israel varied depending on the customer base. Companies dependent on cleaning business wear were negatively affected due to business closures and moving to work from home culture. While some companies that were more focused on business-to-business sales increased their sales as their customers intensified cleaning efforts to minimize the infection risk.
Home laundry appliances in Israel experienced a decrease in sales last year. Although a slight increase in laundry habits was possible due to concerns about germs, consumers spent most of their time at home wearing a smaller clothes collection. It, thus, reduced the need to do laundry. Furthermore, not all people in Israel had more disposable income. Some consumers preferred to fix old washing machines or hang their clothes outside to dry, given the country's warm climate.
The growth in home laundry appliances slowed slightly in the past two years due to the slowdown in the housing market. Housing acquisitions slowed significantly due to Buyer's Price's governmental housing plan, which offers apartments at lower-than-market prices. These also caused market uncertainty about whether apartment prices would continue rising. Therefore, many consumers wait until the situation is clearer before buying a home. With the pickup of home buyers, the laundry market will catch up with the pace and grow further.
Israel Laundry Appliances Industry Segmentation
Laundry Equipment means washers, washers/extractors, dryers, chest-type ironers, steam boilers, thermal fluid heaters for ironers, lint control devices, linen folders, linen carts, dry cleaning equipment (if required) used in the laundry operation of the project. The Israel Laundry Appliances Market is segmented by type (free standing and built-in), product (washing machines, dryers, electric smoothing irons, and others), technology (automatic and manual), and distribution channel (multi-brand store, exclusive stores, online, and other distribution channels). The report offers market size and forecasts for the Israel Laundry Appliances Market in value (USD) for all the above segments.
By Type | |
Free Standing | |
Built-In |
By Product | |
Washing Machines | |
Dryers | |
Electric Smoothing Irons | |
Others |
By Technology | |
Automatic | |
Manual |
By Distribution Channel | |
Multi-brand Store | |
Exclusive Stores | |
Online | |
Other Distribution Channels |
Israel Laundry Appliances Market Size Summary
The Israel laundry appliances market is poised for steady growth over the forecast period, driven by evolving consumer preferences and market dynamics. The market is characterized by a shift towards larger capacity washing machines and tumble dryers, reflecting the busy lifestyles of Israeli consumers who seek efficient and time-saving laundry solutions. Despite a temporary slowdown in sales due to economic factors and changes in consumer behavior during the COVID-19 pandemic, the market is expected to recover as housing market conditions improve and consumer confidence returns. The presence of established foreign players like BSH, Bosch, and Electrolux, along with the introduction of new brands, continues to shape the competitive landscape, offering a range of products from premium to lower-cost options.
E-commerce is a significant growth driver in the Israeli market, with a substantial portion of consumers purchasing laundry appliances and other goods online, often from international retailers due to competitive pricing. The digitalization of the country, with high internet and smartphone penetration, facilitates this trend. The market also benefits from regulatory changes, such as the removal of import requirements for household electrical products, which could enhance product availability and competition. As the market evolves, companies are likely to continue expanding their offerings to meet the changing demands of Israeli consumers, further solidifying the market's growth trajectory.
Israel Laundry Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Insights on Various Regulatory Trends Shaping the Market
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1.5 Insights on impact of technology in the Market
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1.6 Industry Attractiveness - Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Free Standing
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2.1.2 Built-In
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2.2 By Product
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2.2.1 Washing Machines
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2.2.2 Dryers
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2.2.3 Electric Smoothing Irons
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2.2.4 Others
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2.3 By Technology
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2.3.1 Automatic
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2.3.2 Manual
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2.4 By Distribution Channel
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2.4.1 Multi-brand Store
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2.4.2 Exclusive Stores
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2.4.3 Online
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2.4.4 Other Distribution Channels
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Israel Laundry Appliances Market Size FAQs
How big is the Israel Laundry Appliances Market?
The Israel Laundry Appliances Market size is expected to reach USD 290.81 million in 2024 and grow at a CAGR of 3.25% to reach USD 341.24 million by 2029.
What is the current Israel Laundry Appliances Market size?
In 2024, the Israel Laundry Appliances Market size is expected to reach USD 290.81 million.