The Report Covers United States Washing Machine Market Share by Brand & Manufacturers and It is Segmented by Type (front Load and Top Load), Technology (fully-Automated and Semi-Automated), End-User (commercial and Residential), and Distribution Channel (multi-Brand Store, Exclusive Stores, Online, and Other Distribution Channels). The Market Sizes and Forecasts for the Washing Machine Market in the United States are Provided in Terms of Revenue (USD) for all the Above Segments.

US Washing Machine Market size was valued at USD 8.15 Billion in 2024 and is projected to reach USD 127 Billion by 2032, growing at a CAGR of 7.9% from 2025-2032.

US Washing Machine Market: Definition/Overview

In the US, A washing machine is a home equipment that cleans clothing, linens, and other fabrics using water, detergent, and mechanical processes such as agitation or spinning. These machines have progressed from manual, labor-intensive equipment to completely automated systems, providing a convenient and effective way to manage home laundry. Washing machines are utilized extensively in both household and business settings. In the home, they simplify the washing process, allowing people to easily manage normal cleaning activities. Commercial applications, such as laundromats, hotels, hospitals, and industrial facilities, need large-capacity machines that can handle huge loads precisely.

In the US, The integration of artificial intelligence (AI) and Internet of Things (IoT) technology is projected to provide capabilities such as predictive maintenance, remote operation, and individualized wash cycles based on specific textiles and user preferences. Innovations in energy efficiency, water conservation, and eco-friendly detergents will help to meet mounting environmental concerns. Furthermore, as cities grow and lives get busier, smaller, portable, and modular washing machines will meet the demands of tiny living spaces and on-the-go consumers, changing the appliance’s function in everyday life.

The US washing machine market, valued at $5.72 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.2% from 2025 to 2033. This growth is fueled by several key drivers. Increasing disposable incomes, particularly within the residential sector, are boosting demand for both fully automatic and semi-automatic models. Furthermore, the rising adoption of smart home technology is driving the preference for technologically advanced, connected washing machines. The shift towards smaller, energy-efficient appliances reflects growing environmental concerns and a desire for cost savings among consumers. The market's segmentation across residential and commercial end-users, along with fully automatic, semi-automatic technological variations and online/offline distribution channels, presents diverse opportunities for manufacturers. While the market faces certain restraints like fluctuating raw material prices and potential supply chain disruptions, the overall positive economic outlook and increasing urbanization contribute to a favorable growth trajectory. The competitive landscape is intensely dynamic, with key players like Whirlpool, LG, Samsung, and Electrolux vying for market share through strategic initiatives such as product innovation, brand building, and aggressive marketing campaigns. Their competitive strategies often revolve around delivering advanced features, superior performance, and convenient functionalities to appeal to various consumer preferences. While precise market share figures for each company are not provided, the presence of numerous established and emerging players indicates a healthy level of competition which may influence pricing and innovation within the market. The prevalence of online sales channels adds a new dimension to this competition, demanding innovative digital marketing strategies and efficient e-commerce operations. Understanding these dynamics and consumer trends will be crucial for companies aiming to capture a significant share of this expanding market.

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US Washing Machine Market Size 2024-2028

The US washing machine market size is forecast to increase by USD 1.65 billion at a CAGR of 5.2% between 2023 and 2028. The washing machine market in the US is driven by several key trends and challenges. One significant trend is the increasing demand for smart, internet-connected washing machines in various sectors, including the accommodation business such as hotels and hostels. These establishments prioritize hygiene and cleanliness, making advanced washing technologies essential. Textiles used in bedding and towels require specialized cleaning, and smart washing machines cater to these needs. Another trend is the emergence of portable washing machines, which offer convenience for both residential and commercial use. However, the market also faces challenges such as fluctuations in raw material prices and operational costs, which impact companies' profitability. These factors necessitate continuous innovation and product development to maintain competitiveness in the market.

What will be the Size of the Market During the Forecast Period?

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The market has experienced significant growth and transformation in recent years, driven by various factors that prioritize efficiency, sustainability, and consumer convenience. This dynamic industry continues to adapt to the changing needs of both residential and commercial sectors. One of the most prominent trends shaping the washing machine market is the emphasis on laundry hygiene practices. With increasing awareness of health and cleanliness, consumers are demanding advanced technologies that ensure thorough cleaning and sanitization of their laundry. This has led to the development of energy-efficient and automated laundry systems that incorporate water conservation technologies and self-cleaning appliances.

Moreover, the market is evolving with innovative features catering to diverse needs. Washing machines with child locks ensure safety in homes with young children, while washing machines with steam functions offer enhanced cleaning for stubborn stains. For delicate clothes, there are specialized washing machines for delicate clothes, and families with larger laundry loads benefit from washing machines for large families. Features like washing machines with pre-wash and washing machines with stain removal cater to different laundry needs. In the commercial sector, hotel laundry management solutions and commercial laundry equipment are optimizing laundry service. Remote laundry control features and smart home laundry systems are transforming the market with smart laundry solutions. The growing demand for energy-efficient laundry equipment and sustainable laundry practices reflects the shift towards environmental responsibility trends and efficient laundry practices. Additionally, water usage efficiency and space-saving washing machines are becoming important considerations for modern consumers.

Another trend is the optimization of laundry services through smart home appliances and time-saving solutions. Consumers are increasingly seeking to integrate their washing machines into their smart home systems, enabling remote control and monitoring of their laundry cycles. Additionally, energy-saving washing machines and cost-effective laundry solutions cater to those who prioritize efficiency and affordability. Sustainability and environmental responsibility are also key drivers in the washing machine market. Manufacturers are focusing on creating sustainable living solutions by developing textile cleaning solutions that minimize water usage and energy consumption. Moreover, the adoption of energy efficiency standards and the reduction of greenhouse gas emissions are essential considerations for both consumers and businesses.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Residential
  Commercial


Technology

  Fully automatic
  Semi-automatic


Distribution Channel

  Offline
  Online


Geography

  US

By End-user Insights

The Residential segment is estimated to witness significant growth during the forecast period. In the United States, the market for washing machines has experienced significant growth due to the increasing income levels and evolving lifestyle preferences of consumers. Key drivers of this trend include the expansion of the middle-class population and their rising disposable income, as well as the increasing purchasing power of Millennials, who represent over 30% of the labor force. This demographic is known for their education and independence, leading to an increased demand for technologically advanced, energy-saving washing machines. Price wars among major appliance manufacturers continue to inte

The United States Portable Washing Machines Market Report is Segmented by Type (Front Loader and Top Loader), by Application (Residential and Commercial), and by Distribution Channel (Online and Offline). The Report Offers Market Size and Forecasts for the United States Portable Washing Machine Market in all the Above Segments in Value (USD).

Washing Machine Market size was valued at USD 60.8 Billion in 2024 and is projected to reach USD 83.72 Billion by 2031, growing at a CAGR of 4.5% from 2024 to 2031.

Key Market Drivers
Increasing Urbanization: Rapid urbanization, particularly in Asia Pacific and Latin America, is leading to a growing demand for modern household appliances, including washing machines. In addition to this, rising disposable income in these regions is increasing the purchasing power of people, resulting in higher sales of washing machines.

Rising awareness about Hygiene and Sanitation: increasing concerns regarding personal hygiene and sanitation is encouraging consumers to adopt household appliances, such as washing machines, which can effectively clean and sanitize clothes using smart features.

Changing Lifestyles and Consumer Preferences: Changing lifestyles, dual-income households, and time constraints are driving demand for laundry equipment that offers convenience, time-saving features, and automation. Consumers are increasingly seeking home appliances that accommodate their busy schedules and provide efficient laundry solutions.

Technological Advancements: Continued innovations in laundry equipment technology, including the introduction of smart features, IoT connectivity, energy-efficient designs, and eco-friendly laundry options, are improving the overall performance and appeal of laundry equipment, driving market growth. Also, the demand for personalized laundry care and aesthetically appealing will help improve garment care and better cleaning results.

According to a Statista survey, Whirlpool was the most popular washing machine brand in the United States as of May 2017, with 29 percent of the survey respondents using the home brand. Maytag and GE ranked second and third on the list, with market shares of 16 and 14 percent respectively.

Washing machines in the United States

According to the same Statista survey, most U.S. consumers spent between 250 and 499 U.S. dollars on their washing machines. When asked about which brands they would consider when buying a wash machine, the results correlate with the market share results: 63 percent of the respondents said they would consider Whirlpool, while 58 and 46 percent of them would consider Maytag and GE respectively. Most U.S. consumers were satisfied with their current washing machine – only six percent of them were somewhat or completely dissatisfied with their washer.

U.S. home appliance market

In 2017, the shipments of automatic washers amounted to 9.95 million units in the United States. Including also electric and gas dryers, home laundry appliances is the second largest home appliance category in the United States, following cooking appliances. Other home appliance devices include dishwashers, fridges, air conditioners, etc.

According to Cognitive Market Research, The Global Combo Washer Dryer Market will expand at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030.

Supply chain disruptions during the pandemic revealed vulnerabilities in the Combo Washer Dryer market, causing shortages and delays, with industry players' adaptability playing a crucial role in addressing challenges.
Front Loader Washing Machines stand as the dominant category in the Combo Washer Dryer market.
Home Use predominantly leads the Combo Washer Dryer market.
North American Combo Washer Dryer Market will continue to lead, whereas the European Combo Washer Dryer Market will experience the most substantial growth until 2030.

Pandemic-Propelled Surge in Consumer Spending on Household Upgrades to Boost Market Growth

The Combo Washer Dryer market is significantly influenced by a surge in home improvement trends, intensified by prolonged lockdowns and the rise of remote work. With consumers channeling efforts into enhancing living spaces, the laundry area emerged as a focal point, spurring demand for efficient and space-saving appliances. This trend, driven by the dual goals of functionality and aesthetics, acts as a powerful force propelling the market forward. The heightened focus on home environments during the pandemic has not only increased demand for Combo washer-dryers but also created opportunities for innovation and product differentiation, shaping the market landscape.

Rising Demand for Energy-efficient Solutions to Drive Market Growth

Energy efficiency is a key factor impacting customer choices and business developments in the combination washer-dryer market. Combo washer-dryers are among the energy-efficient appliances that are made to operate at peak efficiency while using the least amount of electricity. This market places a strong focus on energy efficiency for a number of reasons. First of all, buyers are looking for appliances that support sustainability as they become more aware of environmental issues. Combination washers and dryers that are energy-efficient often consume less electricity, which lowers the overall carbon footprint of using these machines. This is in line with the increasing emphasis on lowering energy use and lessening the negative effects of home activities on the environment worldwide. Furthermore, the energy efficiency requirements and government restrictions are significant factors that influence the market for combination washer-dryers. Manufacturers are compelled to create appliances that either meet or surpass the stringent energy efficiency regulations and labeling that have been imposed by several nations. Because of this, energy-efficient combo washer-dryers are not only popular with people who care about the environment but also meet legal criteria, guaranteeing manufacturers' access to markets and the ability to compete.

Growing Demand For Solutions That Save Space Will Propel The Laundry Combo Market's Growth

Market Dynamics of the Combo Washer Dryer

Economic Uncertainty Stifling Consumer Spending on Appliances to Limit Market Growth

The Combo washer-dryer market encountered restraints amid economic uncertainty stemming from the pandemic. Financial insecurities prompted some consumers to restrain spending on non-essential items, including large appliances. The economic downturn, job losses, and reduced disposable income contributed to a cautious approach toward significant purchases. Prospective buyers, concerned about their financial stability, deferred or scaled back on acquiring Combo Washer Dryers, impacting market growth. This restraint underscored the intricate relationship between economic conditions and consumer behavior, highlighting the market's vulnerability to broader economic fluctuations during times of uncertainty.

Impact of COVID-19 on the Combo Washer Dryer Market

The combo washer dryer market experienced a mixed impact from COVID-19. Global supply chain disruptions resulted in manufacturing and distribution challenges, potentially leading to shortages or delays. However, increased focus on home-related products during lockdowns positively influenced the market, with many consumers investing in home improvement, including upgraded laundry appliances. Economic uncertainties, though, may have hindered some individuals from making large appliance purchases. The shift towards remote work and a greater ...

The Report Covers North America Washing Machine Companies and it is segmented by Product Type (Front Load and Top Load), by Technology (Fully automatic and Semi-automatic), by Distribution Channel (Multi-brand Stores, Specialty Stores, Online and Other Distribution Channels) and by Geography (United States of America, Canada, Mexico).

According to Cognitive Market Research, The Global Mini Washing Machines market size will be USD 1 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.

The demand for mini washing machines market is rising due to theincreasing mobility of individuals who frequently relocate for work or education purposes.
Demand for residential remains higher in the mini washing machines market.
The Under $50 category held the highest mini washing machines marketrevenue share in 2023.
North America will continue to lead, whereas the Asia Pacific mini washing machines market will experience the strongest growth until 2030.

Compact Living Spaces Driving Demand to Provide Viable Market Output

The trend towards compact living spaces. In urban areas worldwide, real estate costs have surged, leading to the construction of smaller apartments and homes. In such constrained living environments, conventional washing machines may not fit or may occupy a substantial portion of the available space.

Haier to acquire an Italian home appliance firm. The company has revealed its intention to purchase Candy, an Italian appliances manufacturer, for a sum of 475 million euros ($547 million). This move is part of their strategy to increase their presence in the European market.

(Source:www.thelocal.it/20181002/chinas-haier-to-acquire-italian-home-appliance-firm)

As a result, consumers are increasingly turning to mini washing machines, which offer a space-efficient laundry solution. These compact appliances are designed to occupy minimal floor space and can be placed in small kitchens, bathrooms, or even within closets. As urbanization continues and living spaces shrink, the demand for mini-washing machines is expected to soar. This trend is particularly pronounced among urban millennials and young professionals who prioritize functionality and space optimization.

Growing Environmental Awareness to Propel Market Growth

The growing emphasis on environmental sustainability and energy efficiency. With concerns about climate change and resource conservation on the rise, consumers are becoming more conscientious about their appliance choices. Mini-washing machines are gaining popularity due to their smaller size, which inherently consumes less water and energy compared to their full-sized counterparts. Additionally, manufacturers are incorporating energy-efficient features, such as inverter technology and low water consumption, to attract environmentally conscious consumers. Energy-efficient mini washing machines not only reduce utility bills but also align with eco-friendly living.

Market Dynamics of Mini Washing Machines

Limited Capacity and Load Size to Hinder Market Growth

The limited capacity and load size. Mini washing machines are designed for small households or individuals with minimal laundry needs. While they are excellent for handling a few garments or small loads, they fall short when it comes to washing larger items like blankets, bedspreads, or curtains. The restricted load capacity is a significant drawback for families with more extensive laundry requirements. In such cases, consumers may still need to rely on traditional, larger washing machines or laundromats, limiting the widespread adoption of mini washing machines.

Impact of COVID–19 on the Mini Washing Machines Market

The COVID-19 pandemic significantly impacted the Mini Washing Machines Market in various ways. During the initial phases of the pandemic, as lockdowns and restrictions were implemented worldwide, there was a surge in demand for mini washing machines, particularly in regions with high population density and limited access to communal laundry facilities. Consumers sought these compact appliances as a convenient and safer alternative for washing clothes at home. However, as the economic impact of the pandemic unfolded, many consumers faced financial constraints, leading to a decline in discretionary spending. Introduction of Mini Washing Machines

A washing machine is a household device that is employed for laundering garments. It utilizes water and detergent to effectively cleanse clothes, typically following a sequence of agitation, rinsing, and spinning. The demand for mini washing machines, which are characterized by their portability and compact size, has been on the rise due to the increasing mobility of individuals who frequently ...

The Global Washing Machine market size is USD 58.2 billion in 2023 and will grow at a compound yearly growth rate (CAGR) of 4.00% from 2023 to 2030.

The demand for large models of washing machines with shortened replacement cycles is augmenting the market growth for washing machines.
The glass door category in the washing machine market is rising.
The front load category held the highest Washing Machine market revenue share in 2023.
North America will continue to lead, whereas the Europe Washing Machine market will experience the strongest growth until 2030.

Rising Growth of Urbanization to Provide Viable Market Output

The washing machine market is experiencing unprecedented growth, driven by the rising tide of urbanization. As more individuals migrate to urban areas, the demand for household appliances, including washing machines, has surged. Urban lifestyles necessitate efficient and time-saving solutions, making washing machines a crucial part of modern living.

June 2022: TCL Electronics partnered with an appliance retailer to increase the reach of its top-range home appliances in the UAE, Oman, and Bahrain markets. The range includes products such as top-front-load washing machines, refrigerators, chest freezers, and dryers.

Manufacturers are innovating to cater to this burgeoning market, offering advanced features, eco-friendly options, and smart technology integration. Additionally, increased disposable incomes in urban centers further fuel this trend. With urbanization showing no signs of slowing down, the washing machine market is poised for sustained growth, presenting opportunities for both established and emerging players.

Increase Growth of the Apparel and Fashion Industry to Boost Market Growth

The surging growth of the apparel and fashion industry is propelling the demand for washing machines. As consumers increasingly invest in high-quality clothing, the need for effective and convenient laundry solutions has intensified. This trend is driving innovation in washing machine technology, with a focus on features like gentler fabric care and eco-friendly options.

In April 2022, Microban International partnered with General Electric Company to build its business innovation capabilities. This partnership helped General Electric Company roll out washing machines equipped with new technologies like smarter wash, smart dispense, tangle control, and micro-ban antibacterial control technologies.

Additionally, the rise of fast fashion and evolving lifestyle trends contribute to higher washing frequencies. Manufacturers are capitalizing on this opportunity by introducing advanced models that cater to the specific requirements of delicate fabrics and energy-conscious consumers. Consequently, the washing machine market is witnessing robust expansion, driven by the flourishing apparel and fashion sector.

Market Dynamics of Washing Machine

High Capital Investment to Hinder Market Growth

The washing machine market faces a hurdle in its growth trajectory due to the high capital investment required for production and innovation. Manufacturers must allocate significant resources for research, development, and the establishment of advanced manufacturing facilities. Deters potential entrants and can strain existing players. Additionally, the need for continuous technological upgrades further escalates costs. As a result, smaller enterprises and startups need help to compete, leading to market consolidation. To foster sustainable growth, stakeholders should explore strategies to mitigate initial investment barriers, such as collaborative research initiatives or government incentives for technological advancements in the industry.

Impact of COVID–19 on the Washing Machine Market

The COVID-19 pandemic significantly impacted the global washing machine market. Initially, the industry experienced a sharp decline in demand due to economic uncertainties and lockdown measures. Manufacturing disruptions and supply chain constraints further hampered production. However, as hygiene awareness rose, there was a subsequent surge in demand for washing machines, driven by heightened cleanliness concerns. Additionally, a shift towards remote work and increased time spent at home bolstered appliance purchases. E-commerce channels gained prominence as consumers sought contactless shopping options. Overall, the pandemic accelerated trends towards home-...

[Keywords] Market include Whirlpool Corporation (U.S.), LG Electronics Inc. (South Korea), GE Appliances (U.S.), AB Electrolux (Sweden), Siemens AG (Germany)

We asked U.S. consumers about "Washing machine ownership by brand" and found that "Whirlpool" takes the top spot, while "SpeedQueen" is at the other end of the ranking.These results are based on a representative online survey conducted in 2024 among 7,384 consumers in the United States. Looking to gain valuable insights about washing machine owners across the globe? Check out our

Global Portable Washing Machine Market to grow from US$ 2.47 Billion in 2023 to US$ 3.96 Billion by 2032, at a CAGR of 5.4%.

The global revenue in the 'Washing Machines' segment of the household appliances market was forecast to continuously increase between 2024 and 2029 by in total 14.4 billion U.S. dollars (+21.35 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 81.82 billion U.S. dollars and therefore a new peak in 2029. Find more in-depth information regarding the revenue concerning the electric kettles segment of the household appliances market worldwide and the revenue concerning the small kitchen appliances segment of the household appliances market worldwide. The Statista Market Insights cover a broad range of additional markets.

US Home Appliances Market size was valued at USD 58.33 Billion in 2023 and is projected to reach USD 100.34 Billion by 2031, growing at a CAGR of 7.00% from 2024 to 2031.

Key Market Drivers:

Demand For Energy Efficiency: Increasing emphasis on energy conservation is anticipated to drive the adoption of energy-efficient home appliances. Rising government incentives and regulations aimed at reducing household energy consumption are likely to fuel this demand. According to the U.S. Energy Information Administration (EIA), residential energy consumption from major appliances accounts for approximately 42% of household energy use.

Consumer Preference For Smart Appliances: Growing consumer interest in IoT-enabled appliances is expected to propel the adoption of smart home technologies. Connectivity features such as remote operation and voice activation are projected to enhance convenience, boosting demand in the market.

Market Overview: The US Home Appliance Industry presents a promising outlook, with a market size of $33.44 billion in 2025 and an anticipated CAGR of 2.93% from 2025 to 2033. Urbanization, rising disposable income, and growing awareness of energy efficiency are driving demand for home appliances. The industry is characterized by key trends such as the adoption of smart appliances, customization options, and innovative designs. Major market players include Whirlpool Corporation, Samsung Electronics, and LG Electronics, among others. Segment and Regional Analysis: The market is segmented by product and distribution channel. Key product segments include refrigerators, air-conditioners, and dishwashers. Multi-branded stores and exclusive brand outlets dominate the distribution channel. Regionally, North America, led by the United States, constitutes a significant market. Europe, Asia Pacific, and the Middle East & Africa also exhibit potential growth. The report provides detailed insights into individual regions, enabling stakeholders to identify opportunities and formulate strategies accordingly. Recent developments include: April 2023: Haier launched an innovative super drum washing machine with intelligent voice control, and the excellent drum ensures effective washing performance., November 2022: Lowe, a retail company specializing in home improvement situated in America, expanded its assortment of premium appliances through a new partnership with Miele (a German manufacturer of high-end domestic appliances and commercial equipment). This partnership aimed to ensure new, high-quality offerings across all price points.. Key drivers for this market are: Shifts in Consumer Preferences and Lifestyle Changes Drives the Market's Growth, Demand for Time Saving Solutions Drives the Market's Growth. Potential restraints include: Supply Chain Disruptions, High Cost of Maintenance4.3.2.1; Market Oppurtunities4.; Technological Advancements in Major Home Appliances. Notable trends are: Increased Adoption of Multi and Advanced Products Driving the Market for Major Home Appliances.

The consumer durables market in India is divided into rural and urban sectors. The market possesses tremendous growth potential and has attracted investors from all over the world. The market size of washing machines across the south Asian country was over 160 billion Indian rupees in 2021.

White goods essentials

Home appliances such as air conditioners, washing machines and refrigerators have untapped potential for expansion and penetration into the Indian market. The revenue generation in the industry was estimated to reach 46 billion U.S. dollars in 2020. Air conditioners had a penetration rate of less than five percent in 2018 as opposed to washing machines, which had already crossed the ten percent mark in 2016. The demand for air-conditioners has been on the rise caused by the scorching heat during summers where temperatures have broken many records in the last two years.

Road ahead

Social media has dominated the advertising spend for the sector. Air conditioners were also advertised in the IPL. Electrification of rural areas combined with the fast-growing online shopping industry, the consumer durables market is expected to grow at a compound annual rate of almost ten percent till 2022.

The article discusses the growing demand for household washing and drying machines in the United States, projecting an upward consumption trend over the next decade. Market performance is expected to increase steadily, with a forecasted CAGR of +0.3% for the period from 2024 to 2035, reaching a market volume of 15M units and a market value of $5.1B by the end of 2035.

The U.S. Household Appliances Market size was valued at USD 100.07 billion in 2023 and is projected to reach USD 161.74 billion by 2032, exhibiting a CAGR of 7.1 % during the forecasts period. Household appliances are the backbone of modern living, enhancing convenience and efficiency in homes. From refrigerators to washing machines, these appliances play a crucial role in daily routines. The major factors influencing the U. S. Household Appliances Market are technology, increasing disposable income and people’s living standards. Customers are paying more attention to energy-saving and smart appliances that are convenient and integrated. Another trend is the increased demand for products that can be attributed to the growing concern for the environment. Other drivers for the market include aspects like urbanization, changing population profile of the consumers, and rise in kitchen renovations. There is strong emphasis on innovation; manufacturers offer products with IoT features, automation capabilities, and better energy efficiency to meet customer needs in this saturated market. The market of household appliances remains active and progressive with new products being developed and marketed to cater for the rapidly changing needs of consumers. Recent developments include: In March 2022, Samsung Electronics launched a new model of its Bespoke French Door refrigerator at CES 2022. The new line combines unique and customizable designs with Samsung's latest storage and cooling innovations to provide consumers with the refrigerator they've always wanted with the convenience they truly require. Families can choose from 12 stylish glass and steel finishes to complement their kitchen, while the SpaceMax technology ensures they can comfortably store all of their groceries for all types of cooking. , In February 2022, Spectrum Brand Holdings Inc., a leading global branded consumer products and home essentials company, announced that it had signed a definitive agreement to acquire the home appliances and cookware categories of Tristar Products, Inc. (the “Tristar Business”) for USD 325 million , In February 2022, LG Electronics launched a new device in the dishwashing category, with features like QuadWash Pro and Dynamic Heat Dry technologies, designed with a multitude of engineering enhancements to offer consumers smarter cleaning innovation and the ultimate convenience. , In January 2022, DaanTech, a new startup launched The Bob at the CES 2022. It is a countertop space-saving dishwasher. A UV-C cleaning cycle is an optional extra feature on the Bob. In this mode, the washer does not use water, but rather UV-C rays to disinfect items that cannot be wet, such as phones, keys, and wallets. Consumers would be thrilled to see it presented as a tabletop appliance rather than a separate machine. , In January 2022, with its new LG WashTower and washer and dryer pair, LG Electronics (LG) demonstrated a smarter, more seamless way to do laundry. LG's enhanced Artificial Intelligence Direct Drive (AI DD) technology, proven steam technology, and an array of functions make washing and drying clothes more convenient than ever before. The new laundry pair delivers customized performance with LG's enhanced AI DD technology, which can sense load size, fabric type, and the level of soiling of a clothing article, automatically adding the appropriate amount of detergent and adjusting the wash style for optimal cleaning. , In December 2021, FOTILE, a global leader in household appliances, launched a new flagship series of combination countertop ovens called “ChefCubii”. The product features three steam modes: bake mode, air fryer mode, and dehydrator mode. , In May 2021, Bespoke Home 2021, a new virtual platform and global showcase for Samsung Home Appliances, was launched by Samsung Electronics. The event celebrated the global expansion of the Bespoke refrigerator lineup, as well as the upcoming global launch of the Bespoke Kitchen package, new lifestyle appliances, and integrated IoT solutions—all of which can be more personalized, flexible, and intelligent. , In May 2021, Whirlpool Corporation collaborated with VTEX, a multinational tech company that provides a global, fully integrated end-to-end commerce solution, to play a key role in Whirlpool’s digital commerce strategy. , In April 2021, Panasonic Corporation acquired Blue Yonder, the leading end-to-end, digital fulfillment platform provider, for USD 7.1 billion. This acquisition was aimed at helping Panasonic expand in the U.S. , In February 2021, Whirlpool Corporation virtually displayed its latest appliance innovations in kitchen and laundry appliances at the 2021 NAHB International Builder’s Show (IBSx). .