Global Household Washing and Drying Machines Market to Expand at a CAGR of +1.7% from 2024 to 2035, Reaching 309M Units - News and Statistics - IndexBox

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

The market for household washing and drying machines is expected to experience continued growth over the next decade, with a forecasted CAGR of +1.7% in volume and +2.6% in value from 2024 to 2035. This growth is driven by increasing demand for these machines on a global scale.

Driven by increasing demand for household washing and drying machines worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market volume to 309M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2024 to 2035, which is projected to bring the market value to $75.6B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 257M units of household washing and drying machines were consumed worldwide; therefore, remained relatively stable against 2023 figures. The total consumption volume increased at an average annual rate of +2.9% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption reached the peak volume at 262M units in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The global washing and drying machine market revenue declined to $56.7B in 2024, reducing by -9.6% 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). In general, the total consumption indicated a moderate increase from 2013 to 2024: its value increased at an average annual rate of +3.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -21.2% against 2021 indices. Global consumption peaked at $72B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The country with the largest volume of washing and drying machine consumption was China (80M units), accounting for 31% of total volume. Moreover, washing and drying machine consumption in China exceeded the figures recorded by the second-largest consumer, India (23M units), fourfold. Indonesia (15M units) ranked third in terms of total consumption with a 5.7% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China stood at +3.8%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+3.3% per year) and Indonesia (+5.0% per year).

In value terms, China ($15.1B) led the market, alone. The second position in the ranking was taken by Turkey ($5.2B). It was followed by India.

From 2013 to 2024, the average annual growth rate of value in China amounted to +3.0%. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (+22.6% per year) and India (+2.5% per year).

The countries with the highest levels of washing and drying machine per capita consumption in 2024 were Turkey (76 units per 1000 persons), Thailand (70 units per 1000 persons) and China (56 units per 1000 persons).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Turkey (with a CAGR of +7.6%), while consumption for the other global leaders experienced more modest paces of growth.

In 2024, approx. 265M units of household washing and drying machines were produced worldwide; flattening at the year before. The total output volume increased at an average annual rate of +2.6% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 13%. Over the period under review, global production attained the peak volume at 267M units in 2022; however, from 2023 to 2024, production remained at a lower figure.

In value terms, washing and drying machine production declined to $50.5B in 2024 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2013 to 2024: its value increased at an average annual rate of +2.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +1.5% against 2022 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31% against the previous year. Over the period under review, global production reached the maximum level at $67.1B in 2021; however, from 2022 to 2024, production stood at a somewhat lower figure.

The country with the largest volume of washing and drying machine production was China (115M units), accounting for 43% of total volume. Moreover, washing and drying machine production in China exceeded the figures recorded by the second-largest producer, India (23M units), fivefold. The third position in this ranking was held by Indonesia (14M units), with a 5.4% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China totaled +4.2%. In the other countries, the average annual rates were as follows: India (+3.7% per year) and Indonesia (+5.7% per year).

Global washing and drying machine imports dropped to 53M units in 2024, with a decrease of -8.4% on the previous year. The total import volume increased at an average annual rate of +1.5% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.1%. As a result, imports attained the peak of 60M units. From 2022 to 2024, the growth of global imports remained at a somewhat lower figure.

In value terms, washing and drying machine imports declined to $12.5B in 2024. The total import value increased at an average annual rate of +1.3% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of $14B. From 2022 to 2024, the growth of global imports remained at a somewhat lower figure.

The countries with the highest levels of washing and drying machine imports in 2024 were Japan (3.7M units), Germany (3.7M units), the UK (3.6M units), the United States (3.1M units), France (2.5M units), Russia (2.4M units), Italy (2M units), Spain (1.9M units) and the Philippines (1.9M units), together amounting to 47% of total import. Australia (1.7M units) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for the Philippines (with a CAGR of +20.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.1B), the UK ($967M) and the United States ($928M) appeared to be the countries with the highest levels of imports in 2024, with a combined 24% share of global imports. Japan, France, Australia, Spain, Italy, Russia and the Philippines lagged somewhat behind, together accounting for a further 25%.

The Philippines, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) was the largest imported product with an import of around 37M units, which amounted to 71% of total imports. It was distantly followed by drying machines; of a dry linen capacity not exceeding 10kg (9.9M units), washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (2.9M units) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (2.8M units), together constituting a 29% share of total imports.

Imports of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) increased at an average annual rate of +1.1% from 2013 to 2024. At the same time, drying machines; of a dry linen capacity not exceeding 10kg (+5.1%) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (+1.6%) displayed positive paces of growth. Moreover, drying machines; of a dry linen capacity not exceeding 10kg emerged as the fastest-growing type imported in the world, with a CAGR of +5.1% from 2013-2024. By contrast, washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-1.9%) illustrated a downward trend over the same period. While the share of drying machines; of a dry linen capacity not exceeding 10kg (+5.9 p.p.) increased significantly in terms of the global imports from 2013-2024, the share of washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-2.4 p.p.) and washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (-3.5 p.p.) displayed negative dynamics. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($8.6B) constitutes the largest type of household washing and drying machines imported worldwide, comprising 69% of global imports. The second position in the ranking was held by drying machines; of a dry linen capacity not exceeding 10kg ($3.2B), with a 26% share of global imports. It was followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg, with a 3.3% 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) imports was relatively modest. With regard to the other imported products, the following average annual rates of growth were recorded: drying machines; of a dry linen capacity not exceeding 10kg (+5.3% per year) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-1.8% per year).

In 2024, the average washing and drying machine import price amounted to $235 per unit, leveling off at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 5.5%. Over the period under review, average import prices attained the maximum at $242 per unit in 2013; however, from 2014 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major imported products. In 2024, the product with the highest price was drying machines; of a dry linen capacity not exceeding 10kg ($327 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 ($93 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 (+0.3%), while the other products experienced mixed trends in the import price figures.

In 2024, the average washing and drying machine import price amounted to $235 per unit, almost unchanged from the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 5.5%. Over the period under review, average import prices reached the maximum at $242 per unit in 2013; however, from 2014 to 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Germany ($301 per unit), while the Philippines ($104 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Philippines (+3.5%), while the other global leaders experienced more modest paces of growth.

Global washing and drying machine exports fell to 60M units in 2024, dropping by -5.8% on the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 11%. The global exports peaked at 64M units in 2021; however, from 2022 to 2024, the exports failed to regain momentum.

In value terms, washing and drying machine exports declined to $11.3B in 2024. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, the exports attained the peak of $13.4B. From 2022 to 2024, the growth of the global exports remained at a lower figure.

China represented the key exporter of household washing and drying machines in the world, with the volume of exports reaching 35M units, which was near 58% of total exports in 2024. It was distantly followed by Turkey (6.1M units) and Poland (5.5M units), together constituting a 19% share of total exports. The following exporters - Thailand (1.9M units), Germany (1.1M units), Italy (1M units) and Slovakia (0.9M units) - together made up 8.2% of total exports.

China was also the fastest-growing in terms of the household washing and drying machines exports, with a CAGR of +5.3% from 2013 to 2024. At the same time, Turkey (+2.5%) displayed positive paces of growth. By contrast, Germany (-3.2%), Poland (-3.6%), Slovakia (-5.8%), Thailand (-6.9%) and Italy (-11.6%) illustrated a downward trend over the same period. From 2013 to 2024, the share of China and Turkey increased by +22 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($4.2B) remains the largest washing and drying machine supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Poland ($1.7B), with a 15% share of global exports. It was followed by Turkey, with a 12% share.

In China, washing and drying machine exports expanded at an average annual rate of +3.3% over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (-0.8% per year) and Turkey (+4.4% per year).

Washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) was the major type of household washing and drying machines in the world, with the volume of exports resulting at 40M units, which was near 67% of total exports in 2024. Drying machines; of a dry linen capacity not exceeding 10kg (9.8M units) took the second position in the ranking, followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (7M units) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (3M units). All these products together took approx. 33% share of total exports.

Exports of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) increased at an average annual rate of +1.1% from 2013 to 2024. At the same time, washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (+4.4%) displayed positive paces of growth. Moreover, washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg emerged as the fastest-growing type exported in the world, with a CAGR of +4.4% from 2013-2024. Drying machines; of a dry linen capacity not exceeding 10kg experienced a relatively flat trend pattern. By contrast, washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-1.9%) illustrated a downward trend over the same period. From 2013 to 2024, the share of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg increased by +2.7 and +1.6 percentage points, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($7.9B) remains the largest type of household washing and drying machines supplied worldwide, comprising 70% of global exports. The second position in the ranking was held by drying machines; of a dry linen capacity not exceeding 10kg ($2.8B), with a 25% share of global exports. It was followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg, with a 3.9% share.

For washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg), exports remained relatively stable over the period from 2013-2024. 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 (+3.6% per year) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-4.8% per year).

The average washing and drying machine export price stood at $188 per unit in 2024, with a decrease of -6.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 9.6% against the previous year. As a result, the export price reached the peak level of $219 per unit. From 2018 to 2024, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exported products. In 2024, the product with the highest price was drying machines; of a dry linen capacity not exceeding 10kg ($289 per unit), while the average price for exports of washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg ($58 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 (+3.0%), while the other products experienced a decline in the export price figures.

The average washing and drying machine export price stood at $188 per unit in 2024, which is down by -6.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 9.6% against the previous year. As a result, the export price reached the peak level of $219 per unit. From 2018 to 2024, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($618 per unit), while China ($118 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for washing and drying machine. 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.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

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