Global Domestic Laundry Appliance Industry Expansion is Forecast to Reach 1.7% P.A.

Date: 2015-08-13

“The expansion of the global domestic laundry appliance industry is forecast to reach 1.7% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 3.5%. Currently, automatic washing machines account for 69.6% of the global demand while the remaining market share is divided between other washing machines (7.5%), electric smoothing irons (14.3%) and drying machines (8.7%).

China, Germany, Japan, Turkey and the United Kingdom represent the largest domestic laundry appliance markets while the strongest annual growth is forecast to occur in Tanzania (31.9%), Bolivia (15.6%), Vietnam (10.0%), Kyrgyzstan (8.6%) and Bangladesh (7.5%).”

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