Dishwasher Market is Projected to Reach US$ 58,409.6 Mn by the end of 2032 | FMI

ankush November 30, 2022November 30, 2022

The dishwasher market is estimated at US$ 34,194.8 Mn in 2022 and is projected to reach US$ 58,409.6 Mn by 2032, at a CAGR of 5.5% from 2022 to 2032. Share of dishwasher market in its parent market (house appliance market) is approximately ~2%-6%.

Several large-, small-, and mid-size firms across the U.S. are aggressively investing in the IoT industry. With most businesses switching to IoT, it’s expected to have an impact on a variety of industries, including lighting, HVAC, healthcare, security, and entertainment.

The Internet of Things (IoT) has risen in popularity among residential users as a result of the benefits gained by connecting household goods to the Internet. IoT connects products, software algorithms, services, and end users, allowing data to flow freely and making real-time choices easier. It has been shown to increase the quality and consistency of automation systems

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Key Takeaways from Market Study

Increasing Internet penetration and consumer enthusiasm toward connected devices are laying the foundation for the growth of the U.S. dishwasher market.
The market is currently experiencing a shift in consumer preference from conventional to smart dishwashers.
As per the analysis, sales of dishwashers in the residential category are expected to reflect high growth.
Built-in dishwashers account for around half of the overall market share in the United States.

Key Market Players

The report highlights important trends in the competitive scenario of the dishwasher market in the United States, along with the highlights of differential marketing strategies used by players in the market. Established players in the U.S. market account for 60% to 65% market share.

Some of the key players identified across the value chain include BSH Home Appliances Corporation, LG appliance, Whirlpool Corporation, Electrolux AB, Haier America Company LLC, and IFB Industries Limited, among others.

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