United States's Household Washing and Drying Machines Market to Reach 15M Units and $5.1B by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: U.S. - Household Washing and Drying Machines - Market Analysis, Forecast, Size, Trends and Insights.

The United States market for household washing and drying machines is set to experience steady growth over the next decade, with a forecasted CAGR of +0.3% in volume and +2.0% in value from 2024 to 2035. This growth is driven by increasing demand for these appliances, leading to an anticipated market volume of 15M units and market value of $5.1B by the end of 2035.

Driven by increasing demand for household washing and drying machines in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.3% for the period from 2024 to 2035, which is projected to bring the market volume to 15M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $5.1B (in nominal wholesale prices) by the end of 2035.

In 2024, the amount of household washing and drying machines consumed in the United States fell to 14M units, with a decrease of -2.8% against 2023 figures. Over the period under review, consumption, however, showed a relatively flat trend pattern. Washing and drying machine consumption peaked at 16M units in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

The size of the washing and drying machine market in the United States reduced slightly to $4.1B in 2024, waning by -2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 9.3% against the previous year. Washing and drying machine consumption peaked at $4.2B in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

In 2024, approx. 12M units of household washing and drying machines were produced in the United States; which is down by -3.9% compared with the previous year. Over the period under review, production saw a slight descent. The pace of growth was the most pronounced in 2014 when the production volume increased by 14% against the previous year. As a result, production attained the peak volume of 15M units. From 2015 to 2024, production growth remained at a somewhat lower figure.

In value terms, washing and drying machine production dropped slightly to $3.3B in 2024. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 9%. As a result, production attained the peak level of $3.8B. From 2017 to 2024, production growth remained at a lower figure.

In 2024, washing and drying machine imports into the United States amounted to 3.1M units, with an increase of 1.6% against the year before. Over the period under review, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 19%. Over the period under review, imports hit record highs at 3.4M units in 2021; however, from 2022 to 2024, imports failed to regain momentum.

In value terms, washing and drying machine imports shrank modestly to $903M in 2024. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2023 when imports increased by 20%. As a result, imports reached the peak of $932M, and then declined modestly in the following year.

In 2023, Mexico (2M units) constituted the largest supplier of washing and drying machine to the United States, accounting for a 65% share of total imports. Moreover, washing and drying machine imports from Mexico exceeded the figures recorded by the second-largest supplier, China (880K units), twofold. The third position in this ranking was taken by South Korea (54K units), with a 1.8% share.

From 2013 to 2023, the average annual growth rate of volume from Mexico stood at +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.0% per year) and South Korea (+1.8% per year).

In value terms, Mexico ($617M) constituted the largest supplier of household washing and drying machines to the United States, comprising 66% of total imports. The second position in the ranking was taken by China ($225M), with a 24% share of total imports. It was followed by South Korea, with a 2.3% share.

From 2013 to 2023, the average annual growth rate of value from Mexico stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.4% per year) and South Korea (+0.0% per year).

Drying machines; of a dry linen capacity not exceeding 10kg (1.7M units), washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (958K units) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (431K units) were the main products of washing and drying machine imports to the United States, together accounting for 98% of total imports.

From 2013 to 2024, the biggest increases were recorded for washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (with a CAGR of +31.1%), while purchases for the other products experienced more modest paces of growth.

In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($452M), drying machines; of a dry linen capacity not exceeding 10kg ($431M) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg ($14M) constituted the most imported types of household washing and drying machines in the United States, together comprising 99% of total imports.

Washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg, with a CAGR of +23.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main product categories over the period under review, while purchases for the other products experienced more modest paces of growth.

In 2024, the average washing and drying machine import price amounted to $292 per unit, with a decrease of -4.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by 18%. The import price peaked at $306 per unit in 2023, and then contracted slightly in the following year.

Prices varied noticeably by the product type; the product with the highest price was washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($472 per unit), while the price for washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg ($33 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by drying machines; of a dry linen capacity not exceeding 10kg (+1.4%), while the prices for the other products experienced mixed trend patterns.

The average washing and drying machine import price stood at $306 per unit in 2023, with an increase of 10% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of 18% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($541 per unit), while the price for China ($255 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (+23.2%), while the prices for the other major suppliers experienced mixed trend patterns.

In 2024, overseas shipments of household washing and drying machines decreased by -0.1% to 403K units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. Over the period under review, the exports attained the maximum at 798K units in 2014; however, from 2015 to 2024, the exports remained at a lower figure.

In value terms, washing and drying machine exports surged to $143M in 2024. In general, exports continue to indicate a pronounced reduction. Over the period under review, the exports attained the maximum at $207M in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.

Canada (123K units) was the main destination for washing and drying machine exports from the United States, accounting for a 30% share of total exports. Moreover, washing and drying machine exports to Canada exceeded the volume sent to the second major destination, Mexico (55K units), twofold. The third position in this ranking was taken by Australia (44K units), with an 11% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to Canada totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-13.4% per year) and Australia (-0.9% per year).

In value terms, Canada ($32M) remains the key foreign market for household washing and drying machines exports from the United States, comprising 30% of total exports. The second position in the ranking was taken by Australia ($14M), with a 13% share of total exports. It was followed by Brazil, with a 7.4% share.

From 2013 to 2023, the average annual rate of growth in terms of value to Canada stood at -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+3.0% per year) and Brazil (+18.2% per year).

Washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (341K units) was the largest type of household washing and drying machines exported from the United States, with a 85% share of total exports. Moreover, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exceeded the volume of the second product type, drying machines; of a dry linen capacity not exceeding 10kg (55K units), sixfold. Washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (4.1K units) ranked third in terms of total exports with a 1% share.

From 2013 to 2024, the average annual growth rate of the volume of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exports totaled -5.0%. With regard to the other exported products, the following average annual rates of growth were recorded: drying machines; of a dry linen capacity not exceeding 10kg (-8.3% per year) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (-5.0% per year).

In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($115M) remains the largest type of household washing and drying machines exported from the United States, comprising 80% of total exports. The second position in the ranking was taken by drying machines; of a dry linen capacity not exceeding 10kg ($25M), with a 17% share of total exports. It was followed by washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg, with a 1.3% share.

From 2013 to 2024, the average annual rate of growth in terms of the value of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exports totaled -3.2%. With regard to the other exported products, the following average annual rates of growth were recorded: drying machines; of a dry linen capacity not exceeding 10kg (-3.4% per year) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (-4.7% per year).

In 2024, the average washing and drying machine export price amounted to $354 per unit, growing by 33% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg ($758 per unit), while the average price for exports of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($335 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: drying machines; of a dry linen capacity not exceeding 10kg (+5.4%), while the prices for the other products experienced more modest paces of growth.

In 2023, the average washing and drying machine export price amounted to $266 per unit, declining by -12% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 28%. As a result, the export price attained the peak level of $304 per unit. From 2016 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was South Africa ($676 per unit), while the average price for exports to Panama ($43 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for washing and drying machine in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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Making Data-Driven Decisions to Grow Your Business

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The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles