Sweden Laundry Appliances Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 325.55 Million |
| Market Size (2029) | USD 401.07 Million |
| CAGR (2024 - 2029) | 4.26 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sweden Laundry Appliances Market Analysis
The Sweden Laundry Appliances Market size is estimated at USD 325.55 million in 2024, and is expected to reach USD 401.07 million by 2029, growing at a CAGR of 4.26% during the forecast period (2024-2029).
Laundry appliances encompass machines that utilize water for cleaning and rinsing textiles, with functionalities extending beyond mere washing to include drying. The market in Sweden is witnessing increasing demand for washing equipment, particularly from dual-income households. Consumers prioritize laundry appliances that offer time-saving features and energy efficiency. Additionally, there is a growing preference for cost-effective and multipurpose laundry appliances.
Urban markets, especially in high-tier cities, exhibit a higher demand for domestic laundry appliances. This trend is mainly driven by the rising disposable income and evolving lifestyles of Swedish consumers. Notably, the price gap between laundry appliance products offered by different companies is narrowing, indicating heightened competition and consumer accessibility.
Technological advancements play a pivotal role in driving market growth, with innovative features enhancing the functionality and efficiency of laundry appliances. The development of smart and user-friendly machines caters to the evolving needs of consumers, leading to increased adoption rates. The convenience offered by modern laundry appliances, which save time and reduce physical effort, contributes significantly to market expansion.
Furthermore, the growing participation of individuals in sporting activities such as baseball and football fuels the demand for laundry appliances. The need to efficiently clean sports gear and apparel further drives market growth. Overall, the Laundry Appliances Market in Sweden presents lucrative opportunities for manufacturers to innovate, cater to evolving consumer preferences, and capitalize on the country's changing lifestyle trends.
Sweden Laundry Appliances Market Trends
E-Commerce Growth is Driving the Market
There has been an upsurge in the E-Commerce industry in Sweden. Subsequently, a significant amount of Laundry Appliances were ordered through E-Commerce platforms. This is due to the current lifestyles of most people in Sweden, and shopping through E-Commerce platforms has become a viable option for those with hectic schedules. Visiting an offline Store involves time and energy investment. Shopping through E-Commerce platforms saves a lot of time for potential buyers of products like Laundry Appliances. Also, E-Commerce platforms focus on making the products more affordable by charging lower prices than a physical store. These factors account for the rise in Laundry Appliance purchases through E-Commerce platforms.
Increase in Urbanization is Driving the Market
Urbanization, which typically results in an increase in the number of households, especially in urban areas, is one of the factors driving the Swedish market for laundry appliances. The demand for household appliances, including laundry appliances, tends to increase as more people relocate to cities.
People frequently have less room for outdoor clothing drying in urban areas, and there may also be less time available for manual laundry. Because they can save time and effort compared to conventional hand washing and drying methods, washing machines and dryers are becoming more and more popular as a result. Additionally, urbanization is changing consumer preferences and lifestyles, increasing the need for more sophisticated laundry appliances with attributes like smart connectivity, eco-friendliness, and energy efficiency.
Sweden Laundry Appliances Industry Overview
The Sweden Laundry Appliances Market is consolidated, with fewer players dominating the market. The report covers major players in the Sweden Laundry Appliances Market. In terms of Market Share, Bosch and Electrolux occupy more than 50% of the market. Cylinda also occupies 15% of the market share. The major 3 to 4 players occupy over 75 % of the market share. The market is expected to have new entrants in the forecasting period with a rise in technological innovations and newer services.
Sweden Laundry Appliances Market Leaders
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Bosch
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Electrolux
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Cylinda
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Whirlpool
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Samsung
*Disclaimer: Major Players sorted in no particular order
Sweden Laundry Appliances Market News
- January 2023: Bosch agreed to acquire shares in the long-established Swedish company Husqvarna AB. The acquisition increases its shareholding to roughly 12 percent of the company's total share capital.
- January 2023: U.S. home appliances maker Whirlpool is folding its European business into a new company controlled by Turkish rival Arcelik, reducing its exposure to the market. The new firm will include Arcelik's European units, such as major domestic, small domestic, and consumer electronics. Whirlpool will own 25%, and Arcelik will own 75%.
Sweden 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
4.2.1 Rising Disposable Income is Driving the Market
4.2.2 Urbanization and Busy Lifestyles is Driving the Market
4.3 Market Restraints
4.3.1 Saturation in the Market and Price Sensitivity are Restraining the Market
4.3.2 Lack of Awareness about Development in Laundry Appliances
4.4 Market Opportunities
4.4.1 Customization and Personalization of Features and Settings will be an Opportunity to New Entrants
4.4.2 Investment and Technological Advancement in Laundry Appliances
4.5 Industry Value Chain Analysis
4.6 Insights into Technological Advancements in the Industry
4.7 Industry Attractiveness: Porter's Five Forces Analysis
4.7.1 Bargaining Power of Buyers/Consumers
4.7.2 Bargaining Power of Suppliers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID -19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Freestanding
5.1.2 Built in
5.2 By Product
5.2.1 Washing Machines
5.2.2 Dryers
5.2.3 Electric Smoothing Irons
5.2.4 Other Products
5.3 By Technology
5.3.1 Automatic
5.3.2 Semi-Automatic/Manual
5.3.3 Other Technologies
5.4 By 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 Bosch
6.2.2 Electrolux
6.2.3 Cylinda
6.2.4 Whirlpool
6.2.5 Samsung
6.2.6 Miele
6.2.7 LG
6.2.8 Siemens
6.2.9 Husqvarna
6.2.10 AEG
6.2.11 SMEG
6.2.12 Fulgor
6.2.13 Haier*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Sweden 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. A complete background analysis of the Swedish laundry appliances market, which includes an assessment of the emerging market trends by segments, significant changes in the market dynamics, key players in the market, market overview, and others, are covered in the report.
Sweden's laundry appliances market is segmented by type, product, technology, and distribution channel. By type, the market is sub-segmented into freestanding built-in. By product, the market is sub-segmented into washing machines, dryers, electric smoothing irons, and other products. By technology, the market is sub-segmented into automatic, semi-automatic/manual, and other technologies. By distribution channel, the market is sub-segmented into multi-brand stores, exclusive stores, online, and other distribution channels. The report offers market size and forecasts for Sweden's laundry appliances market in value (USD) for all the above segments.
| By Type | |
| Freestanding | |
| Built in |
| By Product | |
| Washing Machines | |
| Dryers | |
| Electric Smoothing Irons | |
| Other Products |
| By Technology | |
| Automatic | |
| Semi-Automatic/Manual | |
| Other Technologies |
| By Distribution Channel | |
| Multi-Brand Stores | |
| Exclusive Stores | |
| Online | |
| Other Distribution Channels |
Sweden Laundry Appliances Market Research FAQs
How big is the Sweden Laundry Appliances Market?
The Sweden Laundry Appliances Market size is expected to reach USD 325.55 million in 2024 and grow at a CAGR of 4.26% to reach USD 401.07 million by 2029.
What is the current Sweden Laundry Appliances Market size?
In 2024, the Sweden Laundry Appliances Market size is expected to reach USD 325.55 million.
Who are the key players in Sweden Laundry Appliances Market?
Bosch, Electrolux, Cylinda, Whirlpool and Samsung are the major companies operating in the Sweden Laundry Appliances Market.
What years does this Sweden Laundry Appliances Market cover, and what was the market size in 2023?
In 2023, the Sweden Laundry Appliances Market size was estimated at USD 311.68 million. The report covers the Sweden Laundry Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Sweden Laundry Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sweden Laundry Appliances Industry Report
Statistics for the 2024 Sweden Laundry Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sweden 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.
