Russia Laundry Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.00 % |
| 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?
Russia Laundry Appliances Market Analysis
The Laundry Appliances Market includes all types of Washing and Dry Cleaning equipment. Due to the changed lifestyles of people in Russia, they are looking towards equipment that could ease the process for them. As Laundry Appliances reduce the effort required for washing any cloth or garment, it was a preferred option for them. Factors like the increasing number of the middle-class population who can afford washing machines and dryers, growing levels of standard of living, and the increasing population of working women are some of the factors igniting the growth of the home Laundry Appliances market.
The Russian Laundry Appliances Market witnessed disturbances in the supply chain and sales of Laundry Appliances backed by the discontinuation of production due to COVID-19. However, this disruption was only witnessed for Commercial Laundry Appliances. As for the household Laundry Appliances segment, the market witnessed growth on the back of a complete nationwide lockdown, and the population staying in their home increased the demand for Laundry Appliances as home equipment.
A spur in the technical features in laundry appliances, such as assessment of the need for water such that usage of water is made sustainably and disrupting the power supply when the machine is not in use for the efficient use of electricity is making the innovative Laundry appliances market an ideal deal for purchase. The Industry has enjoyed an appreciable performance owing to favorable macro-economic policies such as low-interest rates, discount and exchange offers coupled with easy financing options like zero down payment and low EMI options. These factors have boosted Industry and consumer sentiments and subsequent growth and demand for Laundry Appliances in Russia.
Russia Laundry Appliances Market Trends
The Washing Machine Segment Dominates the Market
Although the Laundry Appliances segment has a lot of products included in it, like Washers/Extractors, Dryers, Chest-type Ironers, Steam boilers, Thermal Fluid Heater for Ironer, Lint Control Devices, Dry Cleaning Equipment, Laundry Sinks, Air Compressors, Washing Machine segment has dominated the Laundry Appliances Products in the Russian Market. Washing Machines occupy more than 50% of the Laundry Appliances Market in major regions in Russia. The major factor responsible for this is the introduction of various sophisticated Washing Machines integrated with advanced features. And even the Laundry Appliances companies have focussed more on the Washing Machine segment, which resulted in this trajectory.
Increase in the Online Sales of Laundry Appliances is Driving the Market
There has been an upsurge in the online sales of the Laundry appliances in the Russian Market. Various Online platforms in Russia have enabled door delivery of Laundry Appliances. Householders who had busy lifestyles with less free time have opted for the Online mode of purchasing Laundry Appliances. Also, the online buying option saves a lot of time than buying at the physical store. The majority of the online platforms have kept the prices at an affordable range compared to the prices of Laundry Appliances at the physical stores. Even online platforms have provided EMI options, which have attracted a large number of customers. All these factors accounted for the overall growth of online sales of Laundry Appliances in Russia.
Russia Laundry Appliances Industry Overview
The report covers major players in the Canada Laundry Appliances Market. In terms of Market Share, LG and Bosch occupy nearly 35% of the Market, followed by Indesit, which occupies 13 % of the Market Share. The Market is moderately consolidated, with the top 4 to 5 companies occupying nearly 58 % of the Market.
Russia Laundry Appliances Market Leaders
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LG
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Bosch
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Indesit
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Samsung
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Beko
*Disclaimer: Major Players sorted in no particular order
Russia Laundry Appliances Market News
- June 2022: LG Electronics announced the acquisition of the South Korean EV charger solutions provider, AppleMango, jointly with GS Energy and GS Neotek. The acquisition is expected to accelerate the growth of LG's EV charging solution business and enable the company to take advantage of future business opportunities.
- February 2022: Leading technology and services provider Bosch acquired a minority 26 percent stake in B2B eCommerce auto spares, garage equipment, and accessories Autozilla Solutions.
Russia Laundry Appliances 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 AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Technological Innovations in the Industry
4.7 Impact of COVID -19 on the Market
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Freestanding
5.1.2 Built-in
5.2 Product
5.2.1 Washing Machines
5.2.2 Dryers
5.2.3 Electric Smoothing Irons
5.2.4 Other Products
5.3 Technology
5.3.1 Automatic
5.3.2 Semi-Automatic/ Manual
5.3.3 Other Technologies
5.4 Distribution Channel
5.4.1 Multi-Brand Stores
5.4.2 Exclusive Stores
5.4.3 Online
5.4.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 LG
6.2.2 Bosch
6.2.3 Indesit
6.2.4 Samsung
6.2.5 Beko
6.2.6 Candy
6.2.7 Electrolux
6.2.8 Hotpoint
6.2.9 Atlant
6.2.10 Gorenje
6.2.11 Haier*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Russia Laundry Appliances Industry Segmentation
Laundry Appliances include washers/extractors, dryers, chest-type ironers, steam boilers, thermal fluid heaters for ironers, lint control devices, dry cleaning equipment, laundry sinks, and air compressors. Russia's Laundry Appliances Market is Segmented By Type (Freestanding, Built-in), By Product (Washing Machines, Dryers, Electric Smoothing Irons, Other Products), By Technology (Automatic, Semi-Automatic/Manual, and Other Technologies), and By Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels). The report offers Market size and forecasts for Russia's Laundry Appliances Market in value (USD) for all the above segments.
| Type | |
| Freestanding | |
| Built-in |
| Product | |
| Washing Machines | |
| Dryers | |
| Electric Smoothing Irons | |
| Other Products |
| Technology | |
| Automatic | |
| Semi-Automatic/ Manual | |
| Other Technologies |
| Distribution Channel | |
| Multi-Brand Stores | |
| Exclusive Stores | |
| Online | |
| Other Distribution Channels |
Russia Laundry Appliances Market Research FAQs
What is the current Russia Laundry Appliances Market size?
The Russia Laundry Appliances Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in Russia Laundry Appliances Market?
LG, Bosch, Indesit, Samsung and Beko are the major companies operating in the Russia Laundry Appliances Market.
What years does this Russia Laundry Appliances Market cover?
The report covers the Russia Laundry Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Russia Laundry Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Russia Laundry Appliances Industry Report
Statistics for the 2024 Russia Laundry Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Laundry Appliances analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
