ReportsnReports.com adds report Global Smart Washing Machine Market 2014-2018 to its store.Global Smart Washing Machine market to grow at a CAGR of 12.66 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing need for energy-efficient washing machines. The Global Smart Washing Machine market has also been witnessing the rapid commercialization of smart washing machines. However, the high cost of smart washing machines could pose a challenge to the growth of this market.
One of the major trends in the Global Smart Washing Machine market is the rapid technological advancement of washing machines. The continuous technological advancement in the design and development of household and professional appliances has led to the development of smart washing machines that has in turn increased the comfort level of users. For instance, a new intelligent washing machine called SmartChime automatically sets the water temperature, adds the appropriate amount of laundry detergent, and performs other steps. The rapid rate of technological advancements taking place in the Global Smart Washing Machine market will help users experience a better quality of smart washing machines.
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According to the report, the Global Smart Washing Machine market is driven by many growth factors, one of which is the growing need for energy-efficient washing machines. End-users are adopting smart washing machines because of their low energy consumption feature and high-quality performance. They significantly reduce energy bills and are very popular in countries where the cost of electricity is high.
Further, the report states that the high cost of smart washing machines is a major challenge faced by the market vendors. As the prime target end-users are non-commercial consumers, they find smart washing machines to be unaffordable as they are priced higher than the traditional washing machines.Global Smart Washing Machine Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, the APAC region, Europe, Central and South America, and the MEA region; it also covers the Global Smart Washing Machine market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this space are General Electric Co., LG Electronics Inc., Samsung Electronics Co. Ltd., and Whirlpool Corp.
Other vendors mentioned in the report are Robert Bosch GmbH, Electrolux AB, Fisher & Paykel Industries Ltd., Haier Consumer Electronics Group Co. Ltd., Indesit Co. S.p.A., Miele and Cie KG, Panasonic Corp., Siemens AG, and Toshiba Corp.
Key questions answered in this report:
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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