Mini Washing Machine Market
Global Mini Washing Machine Market Size, Share & Trends Analysis Report by Load Capacity (Less than 3Kg, and 3Kg to 5Kg), By End User (Residential, and Commercial), and By Distribution Channel (Offline, and Online)Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global mini washing machine market is expected to grow exponentially at a significant CAGR of 3.5% during the forecast period (2021-2027). The primary factors contributing to the growth of the market include increasing demand for the portability and compact sizedmini washing machine. With the rise in the mobility of the people to live at a different place for work or study, the demand for small products including mini washing machines has also increased. As per the World Bank data of the urban population 2020, 56.1% of the world lives in the urban region. Urbanization has been constantly increasing for years. Thus, the further growth in the market is expected during the forecast period.
Impact of COVID-19 Pandemic on Global Mini Washing Machine Market
The COVID-19 pandemic has disrupted the manufacturing operations of various industries including the industry of small electrical appliances, owing to the lockdown imposed across the globe by several governments. Further, the outbreak has affected the buying behavior of the consumers, as people are avoiding the purchase of non-essential goods. The primary users, students, and employees moved back to their homes which decreased the necessity of mini washing machines. However, post the COVID-19 situation normalize, the mini washing machine market will witness the significant recovery, as industrial operations such as manufacturing facilities were reopened and labor was available. In addition, the people’s preference shifted from laundry services to self-wash the clothing, which has increased the market growth.
Segmental Outlook
The global mini washing machine market is segmented based on load capacity, end-user, and distribution channel. Based on the load capacity, the market is classified as less than 3Kg, and 3Kg to 5Kg. Based on the end-user, the market is augmented as residential, and commercial. Based on the distribution channel, the market has been segmented as offline, and online. Among the end-user segment, the residential segment is expected to majorly dominate the overall mini washing machine market as mini washing machine is appropriate for single or nuclear family users as the quantity of clothes to be washed are lesser.
Global Mini Washing Machine Market, by Distribution Channel, 2020 (%)
Online is the most Preferred Channel in the Global Mini Washing Machine market
Among the distribution channel, the online segment is anticipated to dominate and significantly grow over the forecast period. As the young consumers are the most prominent users of mini washing machines who majorly prefer online channels for shopping. Online shopping avails more options, more brands, and a huge range of prizes which makes the buyers to prefer online channels over the offline channels. And after the pandemic, online distribution channels have grown significantly. As per Organization for Economic Co-operation and Development (OECD), the People’s Republic of China’s share for online retail sales had reached 24.6% between January to August 2020. This share of online retail sales have been increasing consistently, which was 19.4% in August 2019 and 17.3% in August 2018.
Regional Outlook
The global Mini washing machine market is segmented into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). The Asia-Pacific region is expected to dominate the market during the forecast period. North America region is expected to witness a substantial growth rate in the market due to growing awareness of ENERGY STAR certified products, which in turn, anticipated to grow the demand for mini washing machines in this region.
Global Mini Washing Machine Market Growth, by Region 2021-2027
Asia-Pacific is anticipated to Witness Fastest Growth in the Global Mini Washing Machine Market
The Asia-Pacific is expected to grow exponentially and at the fastest growth rate over the forecast period. The mini washing machines gained popularity in this region due to their compatible and user-friendly features. The major factors contributing to the growth include the rapid urbanization, increasing middle-class population, and expansion of electricity connections in the region. Some nations in the region have taken the initiative to extend the electricity across the country which has increased the demand for electrical appliances. For instance, According to the World Bank, 97.8% Indian population has access to electricity till 2019. The Indian government has been working on making electricity available to every citizen for years. Due to the most electricity connections are low load capacity connections, most of the people prefer low load electricity products, which has increased the demand for mini washing machines in the region as these machines consume less amount of energy as compared to other washing machines.
Market Players Outlook
The prominent players functioning in the global mini washing machine market include Fisher & Paykel Appliances Holdings Ltd., Indesit Co, LG Electronics, Inc., Midea Group, Toshiba, Funa Corp., Inc., Electrolux AG, General Electric Co., Guangdong Galanz Enterprises Co., Ltd., Haier Group Corp., among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. For instance, in September 2021, Yanko Design launched a prototype of a mini traveling washing machine. It sized like a bottle of water but functional. This little machine could sanitize briefs, socks, gloves, and even small T-shirts.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global mini washing machine market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Mini Washing Machine Industry
• Recovery Scenario of Global Mini Washing Machine Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Porter's Analysis
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Fisher & Paykel Appliances Holdings Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Indesit Co.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. LG Electronics, Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Midea Group
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Toshiba, Funa Corp., Inc.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Mini Washing Machine Market by Load Capacity
4.1.1. Less than 3Kg
4.1.2. 3Kg to 5Kg
4.2. Global Mini Washing Machine Market by End User
4.2.1. Residential
4.2.2. Commercial
4.3. Global Mini Washing Machine Market by Distribution Channel
4.3.1. Offline
4.3.2. Online
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Electrolux AG
6.2. General Electric Co.
6.3. Guangdong Galanz Enterprises Co., Ltd.
6.4. Haier Group Corp.
6.5. Hisense India Pvt. Ltd.
6.6. Little Duck
6.7. Panasonic Corp.
6.8. Qingdao Haier Co., Ltd.
6.9. Qishuai
6.10. Robert Bosch GmbH
6.11. Royalstar
6.12. Siemens AG
6.13. TCL
6.14. Whirlpool Corp.
6.15. WINIADAEWOO Electronics America, Inc.
1. GLOBAL MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS, 2020-2027 ($ MILLION)
2. GLOBAL MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY LOAD CAPACITY, 2020-2027 ($ MILLION)
3. GLOBAL LESS THAN 3KG MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL 3KG TO 5KG MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
6. GLOBAL RESIDENTIAL MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL COMMERCIAL MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
9. GLOBAL OFFLINE MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL ONLINE MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
14. NORTH AMERICAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
15. NORTH AMERICAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
16. EUROPEAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. EUROPEAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
18. EUROPEAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
19. EUROPEAN MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
24. REST OF THE WORLD MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
25. REST OF THE WORLD MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
26. REST OF THE WORLD MINI WASHING MACHINE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MINI WASHING MACHINE MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MINI WASHING MACHINE MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL MINI WASHING MACHINE MARKET, 2021-2027 (%)
4. GLOBAL MINI WASHING MACHINE MARKET SHARE BY LOAD CAPACITY, 2020 VS 2027 (%)
5. GLOBAL MINI WASHING MACHINE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL LESS THAN 3KG MINI WASHING MACHINE MARKET SHARE BY REGION, 2020 VS 2027(%)
7. GLOBAL 3KG TO 5KG MINI WASHING MACHINE MARKET SHARE BY REGION, 2020 VS 2027(%)
8. GLOBAL MINI WASHING MACHINE MARKET SHARE BY END-USER, 2020 VS 2027 (%)
9. GLOBAL RESIDENTIAL IN MINI WASHING MACHINE MARKET SHARE BY REGION, 2020 VS 2027(%)
10. GLOBAL COMMERCIAL IN MINI WASHING MACHINE MARKET SHARE BY REGION, 2020 VS 2027(%)
11. GLOBAL MINI WASHING MACHINE MARKET SHARE BY DISTRIBUTION CHANNEL, 2020 VS 2027 (%)
12. GLOBAL ONLINE MINI WASHING MACHINE MARKET SHARE BY REGION, 2020 VS 2027(%)
13. GLOBAL OFFLINE MINI WASHING MACHINE MARKET SHARE BY REGION, 2020 VS 2027(%)
14. US MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
15. CANADA MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
16. UK MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
17. FRANCE MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
18. GERMANY MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
19. ITALY MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
20. SPAIN MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
21. ROE MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
22. INDIA MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
23. CHINA MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
24. JAPAN MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
25. ASIAN MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
26. SOUTH KOREA MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF ASIA-PACIFIC MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD MINI WASHING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
