Washing and Drying Machine Market

The article provides a comprehensive analysis of the global market for household washing and drying machines, highlighting trends in consumption, market performance, and production. It forecasts an increase in market volume and value over the next eight years, driven by rising demand worldwide. The report also delves into country-specific data, such as the largest consumers and producers of washing and drying machines. The analysis covers import and export trends, as well as insights into the different types of machines dominating the market. Overall, the article offers a detailed overview of the current state and future projections for the household washing and drying machine market.

Market Forecast

Driven by increasing demand for household washing and drying machines worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 259M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market value to $59.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Household Washing and Drying Machines

In 2022, consumption of household washing and drying machines decreased by -1.6% to 209M units, falling for the second year in a row after six years of growth. The total consumption volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 9.4% against the previous year. Global consumption peaked at 213M units in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The global washing and drying machine market size expanded modestly to $42.3B in 2022, picking up by 2.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $43.5B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

China (77M units) constituted the country with the largest volume of washing and drying machine consumption, accounting for 37% of total volume. Moreover, washing and drying machine consumption in China exceeded the figures recorded by the second-largest consumer, the United States (16M units), fivefold. The third position in this ranking was held by Pakistan (11M units), with a 5.1% share.

In China, washing and drying machine consumption expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+0.5% per year) and Pakistan (+4.9% per year).

In value terms, the largest washing and drying machine markets worldwide were China ($10.1B), Turkey ($7B) and the United States ($4.2B), with a combined 50% share of the global market.

Turkey, with a CAGR of +8.4%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of washing and drying machine per capita consumption in 2022 were Germany (74 units per 1000 persons), France (71 units per 1000 persons) and South Korea (64 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +5.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Household Washing and Drying Machines

In 2022, production of household washing and drying machines decreased by -1% to 211M units, falling for the second consecutive year after six years of growth. The total output volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 7.8% against the previous year. As a result, production attained the peak volume of 215M units. From 2021 to 2022, global production growth failed to regain momentum.

In value terms, washing and drying machine production dropped slightly to $49.5B in 2022 estimated in export price. Over the period under review, production, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Global production peaked at $88.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of washing and drying machine production was China (100M units), accounting for 47% of total volume. Moreover, washing and drying machine production in China exceeded the figures recorded by the second-largest producer, the United States (14M units), sevenfold. Poland (12M units) ranked third in terms of total production with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +3.9%. In the other countries, the average annual rates were as follows: the United States (-0.6% per year) and Poland (+5.1% per year).

Imports

World Imports of Household Washing and Drying Machines

After six years of growth, purchases abroad of household washing and drying machines decreased by -8.9% to 65M units in 2022. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Over the period under review, global imports attained the peak figure at 72M units in 2021, and then shrank in the following year.

In value terms, washing and drying machine imports dropped to $13B in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of $14B, and then contracted in the following year.

Imports By Country

In 2022, Germany (7.3M units), followed by France (4.5M units), the UK (3.7M units), Italy (3.7M units), Japan (3.3M units) and Spain (3.2M units) were the key importers of household washing and drying machines, together comprising 39% of total imports. The United States (2.8M units), the Netherlands (2M units), Australia (1.9M units), Poland (1.8M units), Sweden (1.7M units), Belgium (1.4M units) and Russia (1.2M units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of +10.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1.4B), the UK ($979M) and the United States ($779M) constituted the countries with the highest levels of imports in 2022, together accounting for 25% of global imports. Japan, France, Italy, Australia, Spain, the Netherlands, Sweden, Poland, Belgium and Russia lagged somewhat behind, together comprising a further 35%.

Italy, with a CAGR of +5.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) was the largest type of household washing and drying machines in the world, with the volume of imports recording 47M units, which was approx. 71% of total imports in 2022. Drying machines; of a dry linen capacity not exceeding 10kg (12M units) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (6.9%). Washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (2.7M units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) imports of stood at +2.4%. At the same time, drying machines; of a dry linen capacity not exceeding 10kg (+8.0%) displayed positive paces of growth. Moreover, drying machines; of a dry linen capacity not exceeding 10kg emerged as the fastest-growing type imported in the world, with a CAGR of +8.0% from 2012-2022. By contrast, washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-1.3%) and washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (-1.6%) illustrated a downward trend over the same period. While the share of drying machines; of a dry linen capacity not exceeding 10kg (+7.1 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (-1.5 p.p.), washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (-2.2 p.p.) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-3.3 p.p.) displayed negative dynamics.

In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($8.9B) constitutes the largest type of household washing and drying machines imported worldwide, comprising 68% of global imports. The second position in the ranking was held by drying machines; of a dry linen capacity not exceeding 10kg ($3.4B), with a 26% share of global imports. It was followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of the value of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) imports was relatively modest. With regard to the other imported products, the following average annual rates of growth were recorded: drying machines; of a dry linen capacity not exceeding 10kg (+7.3% per year) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-1.1% per year).

Import Prices By Type

The average washing and drying machine import price stood at $199 per unit in 2022, picking up by 2% against the previous year. Overall, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 5.9%. Global import price peaked at $228 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was drying machines; of a dry linen capacity not exceeding 10kg ($293 per unit), while the price for washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg ($89 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (+0.2%), while the other products experienced a decline in the import price figures.

Import Prices By Country

The average washing and drying machine import price stood at $199 per unit in 2022, picking up by 2% against the previous year. Overall, the import price, however, recorded a slight downturn. The growth pace was the most rapid in 2021 an increase of 5.9% against the previous year. Global import price peaked at $228 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($290 per unit), while Spain ($132 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.8%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Household Washing and Drying Machines

After two years of growth, shipments abroad of household washing and drying machines decreased by -7% to 68M units in 2022. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. The global exports peaked at 73M units in 2021, and then dropped in the following year.

In value terms, washing and drying machine exports shrank to $12.5B in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $13.4B, and then fell in the following year.

Exports By Country

In 2022, China (23M units) represented the main exporter of household washing and drying machines, creating 34% of total exports. Poland (12M units) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (9.9%), Germany (5%) and Thailand (5%). The following exporters - Russia (2.6M units), Italy (2.5M units), Slovakia (2.4M units) and Romania (1.3M units) - together made up 13% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +53.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest washing and drying machine supplying countries worldwide were China ($3.3B), Poland ($2.4B) and Turkey ($1.4B), together accounting for 57% of global exports. Germany, Thailand, Italy, Russia, Slovakia and Romania lagged somewhat behind, together comprising a further 24%.

Among the main exporting countries, Romania, with a CAGR of +45.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

In 2022, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) (49M units) represented the main type of household washing and drying machines, mixing up 72% of total exports. Drying machines; of a dry linen capacity not exceeding 10kg (10M units) took the second position in the ranking, followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (6.3M units). All these products together took near 24% share of total exports. Washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (2.3M units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exports of stood at +2.3%. At the same time, drying machines; of a dry linen capacity not exceeding 10kg (+3.5%) displayed positive paces of growth. Moreover, drying machines; of a dry linen capacity not exceeding 10kg emerged as the fastest-growing type exported in the world, with a CAGR of +3.5% from 2012-2022. By contrast, washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg (-2.0%) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-4.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) and drying machines; of a dry linen capacity not exceeding 10kg increased by +6.4 and +2.8 percentage points, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) ($8.8B) remains the largest type of household washing and drying machines supplied worldwide, comprising 71% of global exports. The second position in the ranking was held by drying machines; of a dry linen capacity not exceeding 10kg ($2.9B), with a 23% share of global exports. It was followed by washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of the value of washing machines; household or laundry-type, fully-automatic, (of a dry linen capacity not exceeding 10kg) exports was relatively modest. For the other products, the average annual rates were as follows: drying machines; of a dry linen capacity not exceeding 10kg (+5.6% per year) and washing machines; household or laundry-type, with built-in centrifugal drier, (not fully-automatic), of a dry linen capacity not exceeding 10kg (-3.6% per year).

Export Prices By Type

In 2022, the average washing and drying machine export price amounted to $184 per unit, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $224 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was drying machines; of a dry linen capacity not exceeding 10kg ($287 per unit), while the average price for exports of washing machines; household or laundry-type, not fully-automatic, without built-in centrifugal drier, of a dry linen capacity not exceeding 10kg ($64 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by drying machines; of a dry linen capacity not exceeding 10kg (+2.0%), while the other products experienced mixed trends in the export price figures.

Export Prices By Country

The average washing and drying machine export price stood at $184 per unit in 2022, remaining constant against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 14%. As a result, the export price attained the peak level of $224 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($295 per unit), while Russia ($136 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform