Portable Dishwasher Sales to Witness an Upsurge over the Coming Years
Global Portable Dishwasher Market: From an estimated market size of US$ 1003.5 Mn in 2019, portable dishwasher value sales are expected to reach US$ 1540.2 Mn by 2027 expanding at a CAGR of 5.5%
During the past few years, the buying patterns of the consumers has changed drastically. While buying any product the main focus of the consumer is towards comfort, convenience, compactness and technological advancement of the products. The supply side participants are also trying to come up with products which minimise human efforts and at the same time provide better efficiency to the consumers. Portable dishwasher is one such electronic appliance.
Portable dishwasher is a necessity for the people in developed countries but is still a luxury for the people living in most of the developing countries. Time is a luxury these days which lead the consumers to incline towards products which are useful in reducing their efforts and at same time helping them to carry out daily life processes.
Innovation of products with more compact designs has also fuelled the growth in demand for portable dishwasher in the market. Since its emergence portable dishwasher has become an important part of the household appliances industry.
Advancements in Technology Coupled with Increasing Number of Nuclear Families is Fuellingthe Demand for Portable Dishwashers
By price range segment the global portable dishwasher market is segmented as low range, medium range and high range. Among all these price range type medium range portable dishwasher segment is estimated to account for relatively highest value share in the global portable dishwasher market. The segment is expected to remain dominant during the forecast period. In global portable dishwasher market medium range portable dishwasher is estimated to account for 50.1% value share in 2019 and is expected to expand at a CAGR of 5.9 % during the forecast period.
The global portable dishwasher market another major segment is based on the capacity of the portable dishwasher. This segment is based on the number of place settings in the portable dishwasher. One place setting has 1 large dinner plate, I small snack plate, 1 saucer, 1 bowl, a coffee cup, 1 drinking glass, 1 knife, 2 teaspoons, 1 dinner fork and a salad fork.
The capacity segment in portable dishwasher market is segmented as 5-10 place setting and 10-15 place setting. The 5-10 place setting segment dominates the global portable dishwasher market owing to its small size and low cost.
The global portable dishwasher market is also segmented on the basis of applications. The segments in the application type segmentation are residential and commercial. The residential sector holds a comparatively higher market share owing to increasing penetration of portable dishwashers.
The global portable dishwasher market is further segmented on the basis of sales channel. The sales channel segment includes wholesalers/distributors, multi-brand stores, exclusive stores, online stores and others. In global portable dishwasher market among all the sales channel segments the multi-brand stores segment is expected account for largest share in terms of value. The multi brand stores segment is estimated to account for 35.9 % value share in 2019 and is expected to register a CAGR of 5.2 % during the forecast period.
Increasing Disposable Income Coupled with Rising Demand for ENERGY STAR Certified Appliances to Push Growth of the Global Portable Dishwasher Market
The demand for portable dishwasher is increasing owing to rise in disposable income which is making portable dishwasher affordable. The rising rate of adoption of portable dishwasher is also influenced by the fuelling number of nuclear families. The built-in dishwasher are much bigger in size and require more power and water which leads to more wastage of energy.
Along with the basic functionality of the dishwasher portable dishwasher also provide the benefit of portability as it is easy to carry a portable dishwasher from one place to another. The portability feature also saves a lot of space in kitchens as they can be moved from one place to another so it can be bought closer to the sink when we need to use and can again be placed in some other place.
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Multinational Players are Relatively Highly Concentrated in the Global Portable Dishwasher Market as Compared to Local and Regional Portable Dishwasher Manufacturers
Global portable dishwasher market is primarily characterized by an essence of large number of regional and multinational companies. Detailed profiles of companies are also included in global portable dishwasher market report to evaluate their strategies, key product offerings and recent developments.
Some of the key players profiled in the global portable dishwasher market study includes Robert Bosch GmbH; Siemens AG; Electrolux AB; The Whirlpool Corporation; Smeg S.p.A; Asko Appliances AB; Samsung Electronics Co. Ltd.; IFB Industries Limited; Haier Group Corporation; Sears Brands, LLC; Sunpentown Inc.; Danby Appliances Inc.; KCD IP, LLC,; Guangdong Galanz Group Co., Ltd.; Baumatic Ltd.; International Sourcing Engineering Inc.; Indesit Company; Glen Dimplex Group; BPL Limited and White Knight Appliances Company.
On the basis of price range
- low range
- medium range
- high range
On the basis of capacity
- 5-10 place settings
- 10-15 place settings
On the basis of application
On the basis of distribution channel
- multi-brand stores
- exclusive stores
- online stores