The global laundry combo market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022-2028). A laundry combo is a combination in a single cabinet of a washing machine and a clothes dryer. It is designed to handle different types of fabric and garments such as clothes, sheets, and towels. Washer dryer combos usually have functions such as temperature controls, and customizable cycle controls. Additionally, combination washer dryers allow clothes to be washed and dried in one go, saving time and effort for the user. Many washer dryer combo units are also designed to be moveable so they can be attached to a sink instead of requiring a separate water line. The invention of new technology, a rise in the standard of living, and an increase in income of middle-class households are some factors driving the growth of the global laundry combo market. The growing number of working women population further accelerates the growth of the market. However, the rising price of the laundry combo machine such as washing machines and dryers is expected to restrain the growth of the market.
The market is segmented into product type and end-user. Based on the product type, the market is segmented into the roller washing machine, impeller type washer, and others. A roller washing machine is used as there is a unique scratch-resistant collar that supports to scrub cuffs and collars which saves time and effort. It provides additional friction in clothing and removes dust. An impeller washing machine is used as it is a low-profile cone that rotates to rub clothes against each other to get them clean.
Some major players in the market include Whirlpool Corp, Electrolux AB, and Samsung Electronics Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2022, LG Electronics leveled up the laundry experience with the latest washing and drying solutions. The new laundry solutions feature LG’s enhanced Artificial Intelligence (AI) Direct Drive technology, proven steam technology, and a line-up of functions that makes washing and drying clothes more convenient than ever. Additionally, in October 2020, LG Electronics expanded its washer-dryer combo line-up with large-capacity products. The new combo model has a 24-kg washer and a 17-kg dryer.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Whirlpool Corp, Electrolux AB, and Samsung Electronics Co., Ltd., among others.
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Global Laundry Combo Market Report by Segment
By Type
- Roller Washing Machine
- Impeller Type Washer
- Others
By Application
- Residential
- Commercial
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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