US Smart Washer & Dryer Market Introduction
Growing customer preferences for energy efficient laundry appliances has a major impact on key manufacturers while investing on product development activities. Appliance manufacturers in United States are focused towards introducing large capacity appliances that are energy efficient and deliver robust washing performance. In today’s connected era, smart technology-enabled products define overall customer experience especially while speaking about hyper connected and tech savvy consumers. This is resulting into growing influx of investment in research & development centers of most of the consumer appliance manufacturers in US to cater to evolving consumer demand for innovative laundry appliances.
Increasing inclination of masses in US towards energy efficient laundry appliances driven by rising energy prices is fueling growth of the smart washer & dryer market in the country. Additionally, growing concerns of end users to reduce water consumption and save resources is boosting demand for advanced washers and dryers that can reduce consumption and wastage of water significantly. However, increasing prices of washers and dryer due to integration of advanced features is expected to hamper the adoption of laundry appliances especially stacked washers and dryers among price sensitive consumers.
The US smart washer & Dryer market has been analyzed based on various major segments such as product type, washer type, dryer type, price range, distribution channel, and end user. The market has been bifurcated based on product type into washer, dryer, and washer & dryer combo. Based on washer type the US smart washer & Dryer market has been segmented into front load washer, top load washer, and stacked washer. The dryer type segmented is further sub-segmented into electric dryer and gas dryer. By price range, the US washer & dryer market is classified into high price, medium price and low-price washer & dryer. Distribution channels analyzed in the US washer & dryer research study are offline and online distribution channel. The market has been segmented based on end user into commercial and residential sectors.
US Smart Washer & Dryer Market Competitive Landscape
Smart laundry appliances manufacturers are focused towards developing advanced washer and dryer equipped with advanced technologies such as near field communication (NFC) and Wi-Fi technology to target tech savvy consumers and to gain first mover advantage. Prominent players identified in the market are LG Electronics Inc., Samsung Electronics Co. Ltd., Haier Electronics Group Co. Ltd., Whirlpool Corporation, AB Electrolux, General Electric Company, Hitachi Ltd., BSH Hausgeräte GmbH, and Midea Group Co. Ltd.
This research report on US smart washer and dryer market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.