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.
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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.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Mini washing machine Market – Segmentation
By Load Capacity
- Less than 3Kg
- 3Kg to 5Kg
By End-User
- Residential
- Commercial
By Distribution Channel
- Offline
- Online
Global Mini washing machine Market – Segmentation by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
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.
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