Haier Inc. announced the launch of the 306 Washing Machines Series with the industry-first Ultra Fresh Air function and other cutting-edge innovations including Near Zero Pressure, Anti-Bacterial Pulsator, Auto Restart, Oceanus wave drum, and Quick Wash to preserve the freshness of the clothing after every cycle and answer customer concerns about fabric maintenance and intelligent washing.
IFB Industries Limited partnered with Xeros Technology Group to introduce the finest 11 kg domestic washing machines that integrate Xeros' Care technology and are intended for usage in both small businesses and large residential homes to lessen the environmental impact of garments laundering.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5411
Published Date: Nov 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing fashion industry across the globe and the growing usage of advanced technologies such as the Internet of Things (IoT) are the major factors driving the growth of the market.
The market size of Washing Machine is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.
The major players in the market are Girbau North America, Fisher & Paykel Appliances Ltd, GENERAL ELECTRIC COMPANY, Haier Inc., IFB Industries Limited, LG Electronics, SAMSUNG, MIRC ELECTRONICS LIMITED, Panasonic Corporation, Whirlpool Corporation.
The fully automatic segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.5) Which region will provide more business opportunities for the growth of the washing machine market in the future?
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.