Global Smart Connected Washing Machine Market Worth 7.68% by 2020 - Increased Use of Wireless Connecting Devices & IoT - Research and Markets

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Research and Markets

24 May, 2016, 19:10 GMT

DUBLIN, May 24, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Smart Connected Washing Machine Market 2016-2020" report to their offering.

The report forecasts the Global Smart Connected Washing Machine Market to grow at a CAGR of 7.68% during the period 2016-2020.

An important trend which is bound to have a huge impact is rapid technological advancement. In today's fast moving and rapidly evolving lifestyles, the need for convenience is one of the most important factors that necessitates the development of products that can reduce manual labor. To cater to this growing demand for convenient products, marketers are focusing on the rapidly advancing technologies to develop smart appliances like smart connected washing machines. Samsung launched its AddWash front load washing machine in 2016, which provides an option of adding laundry in the middle of a wash cycle through an access door. Amazon introduced Dash Replenishment in 2015, a program that works with connected devices.

According to the report, a key driver which will positively impact market growth is the increased use of wireless connecting devices and Internet of Things (IoT). The use of and dependence on devices that can be controlled remotely through wireless connection is increasing globally - a factor that is one of the key drivers for the market. Connectivity has become a necessity in today's day-to-day life, especially because it allows consumers to control essential tasks remotely. Wireless technologies are making interoperability between devices possible. Near field communication is used in a large number of smart washing machines to establish a connection between the washing machine and a smartphone to share data and allow users to operate the washing machine remotely.

Further, the report states that one challenge that could restrict market growth is the high cost of smart connected washing machines.

Key vendors:

  • Whirlpool
  • LG Electronics
  • Robert Bosch
  • Samsung
  • GE Appliances

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/x3hh9v/global_smart

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