Market Size of Europe Laundry Appliances Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Laundry Appliances Market Analysis
COVID-19 has disrupted the Laundry Appliances Market in Europe due to the disturbances in the supply chain and logistics in the European region. This is due to the implementation of rigid restrictions due to lockdown in a majority of the regions in Europe. In addition, there was discontinuation in the production of Laundry Appliances. Although there is a slight decrease in the retail sales of Laundry Appliances, the market is expected to grow in the coming years.
Since the working population in Europe has increased, there has been a subsequent rise in the supply and demand of the Laundry Appliances. This is due to the people's current lifestyles, where they are left with little personal time. So Laundry Appliances such as Washing Machines became a viable option for them as it reduces the effort required for the complete washing process. It also saves a lot of time. Also, the rapid urbanization in Europe has led to improved living standards. As a result, many people can afford Laundry Appliances. Also, the availability of Laundry Appliances has increased in both offline and online stores.
The inclusion of smart features such as Bluetooth and Wi-Fi has further substantiated the growth of the Laundry Appliances Market as it made the entire process even more simpler and sophisticated. Even the companies focussed a lot on smart Laundry Appliances by integrating their advanced features. Also, a lot of emphasis is laid on Laundry Appliances that are energy efficient. Energy-efficient Laundry Appliances consume minimum electricity and water. Smart Laundry Appliances are expected to be in demand in the coming years.
