The Global Dishwasher Market is projected to expand at a CAGR of 6.2% during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising number of the working population.
A dishwasher is a kitchen appliance intended to clean cutlery and dishware. The cutlery is placed in the machine and its functions such as cleaning and drying are carried out by spraying a mixture of hot water and detergent on the dishes to remove dirt and soiling. The global dishwasher market is expected to witness an impressive growth owing to the increasing adoption of the product in the commercial and residential sector, as it save time, energy and water that is required more in manual cleaning process.
Increasing trend of modular kitchen owing to space restraints in compact houses has positively impacted the growth of the market. The manufacturers are focusing on introducing localized products intended to fulfill needs of the consumers of a specific region/country. For instance, in March, 2019, Robert Bosch GmbH announced the launch of India-specific dishwashers that include kadhai feature, which is an essential kitchen utensil used in India. Additionally, they are focusing on product developments that provide additional benefits to consumers such as smartphone connectivity to monitor detergent cycles and get alerts about the wash cycles.
Market Drivers, Restraints, Trends, and Opportunities
- Increasing cost of hiring manual cleaners is the key factor responsible for the rise in the demand for automatic cleaning machinery around the world.
- Changing lifestyle of people along with increasing number of working women population in emerging economies are projected to spur the market growth.
- Increasing consumer awareness about the negative impact of electronic devices on the environment can restrain the market growth. However, latest innovation such as development of energy efficient dishwashers, which consumes less energy and reduces carbon footprints, is anticipated to create several opportunities for the manufacturers.
- Increasing awareness among consumers about water conservation is spurring the market growth.
- Stainless steel dishwasher is driving the market growth owing to its low maintenance cost. Moreover, they require low wattage heat for drying, thus saving the energy.
- Consumer preferences are inclining toward innovative features such as glass protection, shine enhancers, rinse aid, and soundproof. Such innovations are expected to spur the market growth.
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Global Dishwasher Market Segment Insights
Freestanding segment accounts for large market share
Based on products, the market is divided into freestanding and built-in. The freestanding segment accounted for a large share of the market in 2020, in terms of revenue. Freestanding products are more favored in the commercial sector owing to its easy movability and less space requirements. They are generally less expensive, more convenient and don’t require any special installation, as compared to built-in dishwashers. Customized freestanding product has recently gained quite a demand in both commercial and residential sector.
Commercial segment expected to account for a considerable market share
On the basis of applications, the market is segmented into residential and commercial. The commercial segment is anticipated to grow at a healthy rate owing to the increasing demand for dishwasher in restaurants, cafes, and hotels owing to its ability of the product to clean a large number of glassware and cutlery effectively.
Offline segment anticipated to grow at healthy rate
The offline segment accounted for a key share of the market owing to the availability of wide range of products in specialty stores and electronic stores. On the other hand, the online segment is expected to witness rapid growth owing to the expansion of e-commerce retailers, such as Flipkart and Amazon, across the globe.
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