More than 12% of the households have an electric washing machine as per the reports in 2022. Multiplying manufacturers of washers with connectivity technology enabling Wi-Fi and remote operation is fueling the market trends. The progress of the market is attributed to the rising spending capacity of the population in the region with economic growth and development in the rural and urban areas. Washing Machine Industry: Regional OverviewĬhanging Lifestyle and Growing Disposable Income is Envisaged to Boost the Market Growth in the Asia Pacific RegionĪsia Pacific region washing machine market is projected to acquire a lion's share of 50% in the year 20236 owing to the change in lifestyle habits and escalating disposable income of people. The Thomson invested USD 2.5 million to set up a washing machine manufacturing plant with a capacity to produce more than 4,00,000 units The investment in the production of high-end technology in washing machines to improve their features and functionality is driving the market size. The market progression is credited to the integration of artificial intelligence to improve the operation of the system with ease. The production of various washing machines with different capacities and technology systems to meet the needs of various people is proliferating the market size. Market in North America region to grow at the highest rateįostering the Production of Various Types of Washing Machines for Various Needs the Growth of the Washing Machine Industry.The Fully Automatic segment to garner the highest growth. ![]()
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