Lucintel's latest market report analyzed that smart washing machine provides attractive opportunities in residential and commercial applications. The smart washing machine market is expected to reach $5.5 billion by 2028 with a CAGR of 20%. In this market, front load is the largest segment by product type, whereas residential is largest by application.
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Based on product type, the smart washing machine market is segmented into front load and top load. The front load segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to rising inclination of consumers towards conventional front-loading washing machines owing to its loading capacity and energy efficient features.
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The Smart Washing Machine Market is marked by the presence of several big and small players. Some of the prominent players offering smart washing machine include Honeywell International, Koninklijke Philips, Sunbeam Products, Xiaomi, and Blueair.
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