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Dishwashers are essentially used for automatically cleaning dish wares and utensils. People commonly use portable dishwashers of compact size in residential settings due to such appliances' portability features. Additionally, less noisy dishwashers are preferably purchased by people worldwide to avoid the disturbing sound that usually comes from the manual dishwashers. The emergence of the shaded & colored dishwashers is likely to add impetus to the demand for such products. These devices effectively match people’s home décor needs.
Nowadays, companies are keenly focusing on providing smart home appliances to cater to different consumer needs. For instance, in September 2020, LG Electronics Inc., a South Korean Multi-national electronics company, introduced a WIFI-enabled, smart LG QuadWash dishwasher in the U.S. market. This dishwasher is equipped with a dynamic dry technology that helps customers eliminate water spots from the dishes and saves time in drying the dishes by hand.
Rising demand for smart home appliances among the population worldwide is expected to drive the demand for innovative dishwashers. Additionally, the companies' regular introduction of the technologically upgraded dishwashers is likely to attract the users towards buying newer kinds of these products, thereby supporting dishwasher market growth. According to a surveyed data presented by the RECYC-QUEBEC, Government of Canada, in January 2018, out of 2,202 Canadian respondents, 80% of them preferred to buy newer home appliances due to their lower propensity for reuse of the older appliances.
Besides this, the introduction of the uncertain COVID-19 lockdown restrictions in many countries across the globe resulted in greater consumer demand for the various kinds of home-based devices for cooking and cleaning related activities. This is likely to spike the revenues from the newer kinds of dishwasher items among these household consumers. For instance, during the first week of June 2020, Robert Bosch GmbH, an appliances maker, reported that the dishwasher unit’s demand was thrice than the usual average monthly demand for India's appliances.
However, regular necessities of repair and maintenance of the dishwashers are anticipated to restraint the market growth. Additionally, the higher cost of the dishwashing items is expected to decline its demand among the lower-income population.
Key Market Driver -
Rising demand for the smart home appliances is expected to drive the market growth.
Key Market Restraint -
Regular necessities of repair and maintenance of the dishwashers is anticipated to restraint he market growth
The global dishwasher market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa by geography.
The largest share of the Asia Pacific region is attributed to the large consumption of the different kinds of home appliances in countries such as China and India. This results in a larger revenue generation from the dishwashing items in the region. According to the data presented by the China Household Electrical Appliances Association, from January 2020 to August 2020, Chinese home appliances sales reached USD 130,46.20 million. Additionally, rising kitchen renovation trends among residential consumers are further likely to fuel the demand for the newer kinds of dishwashers in the region.
North American region is expected to grow at a considerable rate owing to the growing expansion of the manufacturing base of prominent companies such as GE Appliances, The Samsung Group, Robert Bosch GmbH, and others in the Canada and United States. This is likely to support the consumption rate of the dishwashers among the population in the region. For instance, in December 2020, GE Appliances invested USD 80 million to expand its dishwasher manufacturing facility in Ohio, United States. Additionally, increasing the adoption of energy-efficient kitchen appliances further drives the market growth in the region.
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Based on the product type, the dishwasher market is segmented into built-in and free-standing. The free-standing segment is expected to hold a major share of the market as users can easily relocate the dishwashing items from one place to another. Additionally, the cost-effectiveness of such kind of products results in larger revenues from such a segment.
By design, the global dishwasher market is segmented into the standard tub and tall tab. The tall tub segment is projected to exhibit a significant share of the market. These types of appliances provide extra shelf size to store several oversized plates as compared to another type. Additionally, the easy availability of the tall-tub-based dishwashers of folded tins and adjustable upper racks results in larger revenues from such a segment.
Based on application, the global dishwasher industry is segmented into residential and commercial. The residential segment is expected to hold a major share of the market due to the large consumption of items among the residential users for their daily purpose utensils washing needs. Additionally, the wide availability of the shaded & colored dishwashers is likely to attract the residential users towards buying them, thereby supporting the segmental growth.
Based on the distribution channel, the dishwasher industry is segmented into specialty stores, online stores, brand stores, and others. The specialty stores segment is anticipated to showcase the largest share of the market on account of the wide availability of the branded dishwashing items in these stores. Additionally, users can see a product performance demo in person with the support of stores’ staff at these stores, which helps in the revenue generation from such a segment.
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