The global portable dishwasher market size will witness an appreciable gain due to the rising demand for smart home appliances. An increased preference for portable and travel-friendly kitchen appliances has compelled leading companies to invest in the landscape. Moreover, burgeoning urbanization has triggered the demand for portable dishwashers. The expansion of energy-efficient and eco-friendly dishwashing solutions will augur well for the business outlook.
Fortune Business Insights™ has delved into these inputs in an upcoming research report, titled, “Portable Dishwasher Market, 2024-2032.”
Information Source: https://www.fortunebusinessinsights.com/dishwasher-market-104627
Some of the Leading Companies Profiled in the Market:
- Robert Bosch GmbH (Germany)
- Whirlpool Corporation (U.S.)
- Siemens AG (Germany)
- Samsung Electronics Co. Ltd (South Korea)
- Electrolux AB (Sweden)
- Danby Appliances Inc. (Canada)
COVID-19 Impact-
Supply Chain Disruptions Impeded Growth Prospect
The emergence of the COVID-19 outbreak did not bode well for the business outlook following the shutdown of retail stores. Moreover, supermarkets and hypermarkets witnessed major disruption due to lockdown measures. Meanwhile, vaccination rollouts and the implementation of robust policies encouraged leading companies to inject funds into the landscape. The trend for online shopping leveraged leading companies to boost their product portfolios.
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Segments-
In terms of capacity, the market is segmented into 10-15 place settings and 5-10 place settings. With respect to the distribution channel, the industry is segregated into online and offline. On the basis of end-user, the market is classified into commercial and residential. From a geographical perspective, the market is divided into Europe, North America, Asia Pacific, the Middle East & Africa and South America.
Report Coverage-
The research report offers insights into industry dynamics redefining the global landscape. The report delves into drivers, opportunities, restraints and trends to provide a holistic market view. The report is prepared through primary sources, including interviews with directors and executives and qualitative and quantitative analyses. The report also provides secondary resources, such as press releases, annual reports, white papers and journals. The report also delves into pre-and post-COVID outlooks to provide a holistic approach of the global market.
Drivers and Restraints-
Strong Demand for 5-10 Place Settings to Boost Industry Growth
Stakeholders expect the portable dishwasher market share to receive impetus from the surging demand for 5-10 place settings. Some factors, such as low cost and compact size have prompted major companies to invest in the portfolio. With the surging demand for energy-efficient products, industry participants could expand their penetration across untapped areas. Moreover, the residential sector could be the major recipient of advanced portable dishwasher products. Investments in decorating and renovating kitchens will bode well for the industry outlook. However, higher maintenance and repair costs could dent the industry's growth.
Regional Insights
Asia Pacific to Provide Promising Opportunities with Trend for Modular Kitchen Appliances
Industry participants expect the Asia Pacific to emerge as a happy hunting ground on the back of the trend for modular-based kitchen appliances. Emerging economies, such as China and India could exhibit profound traction for comfortable and luxury home appliances. Prominently, leading companies could inject funds across the region to boost their footprint. For instance, in August 2020, Robert Bosch GmbH launched a digital campaign, ‘Indian Kitchen ka Dishwasher,’ to educate customers regarding dishwashers.
North America portable dishwasher market growth will be pronounced following the soaring demand for smart home solutions. Millennials and the Gen Z population have exhibited traction for portable products to boost their dining experience. Furthermore, a surging number of hospitality services will bode well for leading companies to boost their regional presence.
Competitive Landscape-
Industry Players Invest in Product Launches to Tap into Markets
Leading players could inject funds into R&D activities, product launches, innovations, and collaboration to boost their competitive edge in the global market. Besides, the infusion of funds into technological advancements will help stakeholders expand their penetration across untapped areas.
- April 2019: Sub-Zero Group announced the launch of Cove dishwashers that are soundproof with over 23 pounds of insulation in the North America market.