Europe Dishwasher Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Freestanding, Built-in); Application (Residential, Commercial); Distribution Channel (Online, Offline); Region/Country.
Europe Dishwasher Market is expected to grow at a significant rate of around 5% during the forecast period. A surge in disposable income coupled with the promulgating spending on the luxury products such as home and kitchen appliances among consumers is contributing to the growing market of dishwashers. The average per capita purchasing power in Europe in 2021 is approx. USD 15,000. As per Eurostat, The EU’s household investment rate was 8.4 % in 2020, with double-digit rates recorded in Germany, Luxembourg, the Netherlands, Finland, and Cyprus. Also, n 2020, the household saving rate was 18.3 % in the EU and 19.4 % in the euro area. in 2020, following the impact of the COVID-19 pandemic, household income recorded a very small increase (0.4 %) compared with 2019, while the growth rate in 2021 compared with 2020 was 2.6 %. Furthermore, changes in living standards around the world and a growing interest in smart connected home appliances are driving the demand for high-end kitchen appliances including induction hobs. Also, the demand for energy-efficient appliances with user-friendly interfaces is another factor driving market growth
Electrolux AB, LG Electronics Inc., Whirlpool Corporation, Robert Bosch GmbH, Aga Rangemaster Group, Samsung Group, Asko Appliances AB, Miele, Fagor Electrodomésticos, Haier Group Corporation., etc., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, free-standing category to witness higher CAGR during the forecast period”
Based on product, the market is segmented into Freestanding and Built-in. The Free-standing segment grabbed the major market share and dominated the market in 2020. The benefits associated with free-standing dishware are contributing to the growing market. freestanding dishwasher allows extra storage space because you don’t have to store it under your counter. The top of freestanding dishwashers is often covered in cutting boards or countertop materials, giving you additional cutting or prep space.
“Amongst application, the residential segment to hold a significant share in the market in 2020”
On the basis of application, the market is categorized into residential and commercial. The residential sector grabbed a considerable market share in 2020. The availability of dishwashers at affordable procs is contributing to the growing market share. Germany and Sweden have the highest household ownership rate of dishwashers amongst the most populous countries in Europe in 2021. Portugal, the Netherlands, Belgium, Italy, Spain, and France also have dishwasher ownership rates of 60 percent or higher according to the Statista Global Consumer Survey.
“Amongst distribution channel, the offline segment to hold a significant share in the market in 2020”
Based on the distribution channel, the market is categorized into online and offline. Among these, the offline segment grabbed the major market share and dominated the market in 2020. The increasing number of supermarkets/hypermarkets in the counties is leading to a greater share of this segment. Also, the availability of numerous brands under one roof, is the major factor, due to which the end-users are opting for offline mode for the purchase.
“Germany to hold a significant share in the market”
In 2020, Germany held a significant share of the Europe dishwasher market. Increasing inclination towards smart kitchen technology in the region. Changing lifestyles and busy schedules of the working professionals are encouraging them to use kitchen appliances that can save time. The rising importance of water conservation in European countries like Germany has been benefiting the manufacturers of this market as they are offering solutions that require less water than what is required for handwashing.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
The Europe Dishwasher market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
You can also purchase parts of this report. Do you want to check out a section wise
|2.1.||Research Process of the Europe Dishwasher Market|
|2.2.||Research Methodology of the Europe Dishwasher Market|
|5||IMPACT OF COVID-19 ON THE EUROPE DISHWASHER MARKET|
|6||EUROPE DISHWASHER MARKET REVENUE (USD BN), 2020-2028F|
|10.6.||Rest of Europe|
|12||EUROPE DISHWASHER MARKET OPPORTUNITIES|
|13||EUROPE DISHWASHER MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Fiver Forces Analysis|
|17.2.||LG Electronics Inc.|
|17.4.||Robert Bosch GmbH|
|17.5.||Aga Rangemaster Group|
|17.7.||Asko Appliances AB|
|17.10.||Haier Group Corporation|
Research Methodology for the Europe Dishwasher Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Europe Dishwasher market were the three major steps undertaken to create and analyze the adoption of Europe Dishwashers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Europe Dishwasher market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Europe Dishwasher market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Europe Dishwasher market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, distribution channel, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Europe Dishwasher market. Further, we conducted factor analysis using dependent and independent variables such as various product, distribution channel, and application of Europe Dishwashers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Europe Dishwasher market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Europe Dishwasher market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Europe Dishwasher market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Europe Dishwasher market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Europe Dishwasher market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, distribution channel, and application in the Europe Dishwasher market.
The main objective of the Europe Dishwasher Market Study
The current & future market trends of the Europe Dishwasher market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Europe Dishwasher market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, distribution channel, and application.
- Define and analysis of the regulatory framework for the Europe Dishwasher
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Europe Dishwasher market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Europe Dishwasher market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry