GLOBAL WASHING MACHINE MARKETFORECAST & OPPORTUNITIES 2026

2016 – 2026 GLOBAL WASHING MACHINE MARKET GLOBAL WASHING MACHINE MARKET FORECAST & OPPORTUNITIES FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Type of Interest (POI): Washing Machine A washing machine (laundry machine, clothes washer, or washer) is a home appliance used to wash laundry. The term is mostly applied to machines that use water as opposed to dry cleaning (which uses alternative cleaning fluids and is performed by specialist businesses) or ultrasonic cleaners. The user addslaundrydetergent, which issold inliquidor powder form, to the wash water. Market Segmentation WASHING MACHINE MARKET TYPE TECHNOLOGY Year Range • Fully Automatic • Smart Connected Washing • Semi-Automatic Machine • Conventional Washing Review Period Machine 2016 – 2019 Base Year MACHINE CAPACITY REGION 2020 • Below 6 Kg • North America Estimated Year • Between 6-8 Kg • Europe • 8 Kg & above • Asia-Pacific 2021 • South America Forecast Period • Middle East & Africa 2022 – 2026 2

Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on Global Washing Machine Market 4. Executive Summary 5. Voice of Customer 5.1. Brand Awareness 5.2. Factors Influencing Purchase Decisions 6. Global Washing Machine Market Outlook, 2016-2026F 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Type (Fully Automatic and Semi-Automatic) 6.2.2. By Machine Capacity (Below 6 Kg, Between 6-8 Kg and 8 Kg & Above) 6.2.3. By Technology (Smart Connected Washing Machine and Conventional Washing Machine) 6.2.4. By Company (2020) 6.2.5. By Region 6.3. Product Market Map 7. Asia-Pacific Washing Machine Market Outlook, 2016-2026F 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 3

Table of Contents S. No. Contents Page No. 7.2.1. By Product Type 7.2.2. By Machine Capacity 7.2.3. By Technology 7.2.4. By Country 7.3. Asia-Pacific: Country Analysis 7.3.1. China Washing Machine Market Outlook, 2016-2026F 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value & Volume 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Product Type 7.3.1.2.2. By Machine Capacity 7.3.1.2.3. By Technology 7.3.2. India Washing Machine Market Outlook, 2016-2026F 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value & Volume 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Product Type 7.3.2.2.2. By Machine Capacity 7.3.2.2.3. By Technology 7.3.3. Australia Washing Machine Market Outlook, 2016-2026F 7.3.3.1. Market Size & Forecast 4

Table of Contents S. No. Contents Page No. 7.3.3.1.1. By Value & Volume 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Product Type 7.3.3.2.2. By Machine Capacity 7.3.3.2.3. By Technology 7.3.3. Japan Washing Machine Market Outlook, 2016-2026F 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value & Volume 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Product Type 7.3.3.2.2 By Machine Capacity 7.3.3.2.3 By Technology 7.3.5. South Korea Washing Machine Market Outlook, 2016-2026F 7.3.5.1. Market Size & Forecast 7.3.5.1.1. By Value & Volume 7.3.5.2. Market Share & Forecast 7.3.5.2.1. By Product Type 7.3.5.2.2. By Machine Capacity 7.3.5.2.3. By Technology 8. Europe Washing Machine Market Outlook, 2016-2026F 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 5

Table of Contents S. No. Contents Page No. 8.2.1. By Product Type 8.2.2. By Machine Capacity 8.2.3. By Technology 8.2.4. By Country 8.3. Europe: Country Analysis 8.3.1. France Washing Machine Market Outlook, 2016-2026F 8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value & Volume 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Product Type 8.3.1.2.2. By Machine Capacity 8.3.1.2.3. By Technology 8.3.2. Germany Washing Machine Market Outlook, 2016-2026F 8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value & Volume 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Product Type 8.3.2.2.2. By Machine Capacity 8.3.2.2.3. By Technology 8.3.3. United Kingdom Washing Machine Market Outlook, 2016-2026F 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value & Volume 8.3.3.2. Market Share & Forecast 6

Table of Contents S. No. Contents Page No. 8.3.3.2.1. By Product Type 8.3.3.2.2. By Machine Capacity 8.3.3.2.3. By Technology 8.3.3. Italy Washing Machine Market Outlook, 2016-2026F 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value & Volume 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Product Type 8.3.3.2.2. By Machine Capacity 8.3.3.2.3. By Technology 8.3.5. Spain Washing Machine Market Outlook, 2016-2026F 8.3.5.1. Market Size & Forecast 8.3.5.1.1. By Value & Volume 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Product Type 8.3.5.2.2. By Machine Capacity 8.3.5.2.3. By Technology 7

Table of Contents S. No. Contents Page No. 9. North America Washing Machine Market Outlook, 2016-2026F 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Product Type 9.2.2. By Machine Capacity 9.2.3. By Technology 9.2.4. By Country 9.3. North America: Country Analysis 9.3.1. United States Washing Machine Market Outlook, 2016-2026F 9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value & Volume 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Product Type 9.3.1.2.2. By Machine Capacity 9.3.1.2.3. By Technology 9.3.2. Mexico Washing Machine Market Outlook, 2016-2026F 9.3.2.1. Market Size & Forecast 9.3.2.1.1. By Value & Volume 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Product Type 9.3.2.2.2. By Machine Capacity 9.3.2.2.3. By Technology 8

Table of Contents S. No. Contents Page No. 9.3.3. Canada Washing Machine Market Outlook, 2016-2026F 9.3.3.1. Market Size & Forecast 9.3.3.1.1. By Value & Volume 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Product Type 9.3.3.2.2. By Machine Capacity 9.3.3.2.3. By Technology 10. South America Washing Machine Market Outlook, 2016-2026F 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Product Type 10.2.2. By Machine Capacity 10.2.3. By Technology 10.2.4. By Country 10.3. South America: Country Analysis 10.3.1. Brazil Washing Machine Market Outlook, 2016-2026F 10.3.1.1. Market Size & Forecast 10.3.1.1.1. By Value & Volume 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Product Type 10.3.1.2.2. By Machine Capacity 10.3.1.2.3. By Technology 9

Table of Contents S. No. Contents Page No. 10.3.2. Argentina Washing Machine Market Outlook, 2016-2026F 10.3.2.1. Market Size & Forecast 10.3.2.1.1 By Value & Volume 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Product Type 10.3.2.2.2. By Machine Capacity 10.3.2.2.3. By Technology 10.3.3. Colombia Washing Machine Market Outlook, 2016-2026F 10.3.3.1. Market Size & Forecast 10.3.3.1.1. By Value & Volume 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Product Type 10.3.3.2.2. By Machine Capacity 10.3.3.2.3. By Technology 11. Middle East and Africa Washing Machine Market Outlook, 2016-2026F 11.1. Market Size & Forecast 11.1.1. By Value & Volume 11.2. Market Share & Forecast 11.2.1. By Product Type 11.2.2. By Machine Capacity 11.2.3. By Technology 11.2.4. By Country 11.3. Middle East & Africa: Country Analysis 10

Table of Contents S. No. Contents Page No. 11.3.1. South Africa Washing Machine Market Outlook, 2016-2026F 11.3.1.1. Market Size & Forecast 11.3.1.1.1. By Value & Volume 11.3.1.2. Market Share & Forecast 11.3.1.2.1. By Product Type 11.3.1.2.2. By Machine Capacity 11.3.1.2.3. By Technology 11.3.2. Saudi Arabia Washing Machine Market Outlook, 2016-2026F 11.3.2.1. Market Size & Forecast 11.3.2.1.1. By Value & Volume 11.3.2.2. Market Share & Forecast 11.3.2.2.1. By Product Type 11.3.2.2.2. By Machine Capacity 11.3.2.2.3. By Technology 11.3.3. UAE Washing Machine Market Outlook, 2016-2026F 11.3.3.1. Market Size & Forecast 11.3.3.1.1. By Value & Volume 11.3.3.2. Market Share & Forecast 11.3.3.2.1. By Product Type 11.3.3.2.2. By Machine Capacity 11.3.3.2.3. By Technology 11.3.4. Kuwait Washing Machine Market Outlook, 2016-2026F 11.3.4.1. Market Size & Forecast 11.3.4.1.1. By Value & Volume 11

Table of Contents S. No. Contents Page No. 11.3.4.2. Market Share & Forecast 11.3.4.2.1. By Product Type 11.3.4.2.2. By Machine Capacity 11.3.4.2.3. By Technology 12. Market Dynamics 12.1 Drivers 12.2 Challenges 13. Market Trends and Developments 14. Competitive Landscape 14.1. Whirlpool Corporation 14.2. LG Electronics 14.3. Midea Group Co. Ltd. 14.4. AB Electrolux 14.5. Panasonic Corporation 14.6. Samsung Electronics Co. Ltd. 14.7. Arcelik A.S 14.8. GE Appliances 14.9. Hitachi Chemical Co. Ltd. 14.10. Robert Bosch GMBH 15. Strategic Recommendations 16. About Us and Disclaimer 12

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal the global washing formulated a detailed developed. industry players for research was proprietary database to machine market, overall discussion guide. data collection and validated through obtain qualitative and market size and segmental verification. rigorous quantitative insights about market size. triangulation. the global washing machine market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Final Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 14

Research Methodology Baseline Methodology Ourdedicatedteamofindustryexpertshasmonitoredandanalyzedvariousaspectsofglobalwashingmachinemarket.Theteamhasanalyzed the outlook of various segments of this market, while considering the major influencing factors such as characteristics of washing machines, such as washing clothes, drying, heating and others, with numerous technological advancements leading to their higher efficiency, in terms of saving water and electricity, are few of the major factors driving the market during the estimated period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global washing machine market. Methodology Followed forCalculation of Market Size: • Market Size by Value and Volume: Market size, in terms of value and volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as washing machine manufacturer and supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 washing machine manufacturers, supplier and distributor companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value chain stakeholders in the global washing machine market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size wasaveragedout,toarriveatthemarketsizedataduring2016-2020. 15

Research Methodology • Respondents were asked about the current and future market growth rates, market shares by type, by machine capacity, by technology and by region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: • Market shares shares by type, by machine capacity, by technology and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of the washing machine market. The final shares were calculated by taking the geometric mean of the responses gathered from keyopinionleadersafter eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global WashingMachinemarket,TechSciResearchusedvariousforecasttechniquessuchas: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 16

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ Whirlpool Corporation ▪ World Bank ▪ LG Electronics ▪ TechSci Research Proprietary Database & Knowledge ▪ MideaGroup Co. Ltd. ▪ Panasonic Corporation Repository ▪ AB Electrolux ▪ Company Annual Reports ▪ Samsung Electronics Co. Ltd. ▪ Industry Magazines ▪ ArcelikA.S ▪ Industry Reports ▪ GE Appliances ▪ Hitachi Chemical Co. Ltd. ▪ News Dailies ▪ Robert Bosch GMBH ▪ Credible Paid Databases 17

Industry Brief According to TechSci Research report, “Global Washing Machine Market By Type (Fully Automatic & Semi-Automatic), By Machine Capacity (Below 6 Kg, Between 6-8 Kg and 8 Kg & above), By Technology (Smart Connected Washing Machine & Conventional Washing Machine), By Region, Competition, Forecast & Opportunities, 2026”, global washing machine market is forecast to grow at a rate of over 7% during 2021-2026. A washing machine is an appliance that is used for washing clothes, and a washing machine's primary medium is water. Increased demand for home appliance automation is driving the market for washing machines. The expanded number of double income households combined with lacking time for clothing has prompted developing demand for washing machines. Over the last decade, several technical developments have been made in these devices, contributing to their greater performance in terms of water andenergysavings. This has also helped key players in this market to gain a considerable market share in the global washing machines market. In addition, cross-border technology exchanges have made life easier and more convenient, and many of the recipient countries are emerging as promising new technology markets. Thus, in the coming decade, the rising tide of globalization is likely to contribute to the developments in the washing machine industry. The global washing machine market is segmented based on type, fully automatic and semi-automatic. Due to the growing urbanization and user-friendly functionality, the fully automatic washing machine segment is expected to register the highest CAGR during the forecast period. Recent trends show that, owing to different energy labels and energy efficiency policies, manufacturers are focusing on the development and production of some energy-efficient products. In terms of regional analysis, the washing machine market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East Africa. Out of which, Asia-Pacific is the fastest growing region among the global washing machine market and the region is anticipated to maintain its growth rate over the next five years as well. As washing machines have gained popularity due to their compatibility and user-friendliness, the Asia-Pacific washing machine market has experienced a rapid increase. Moreover, this demand is driven by emerging economies in this area, rapid urbanization, and an expanding middle-class population. Major Asian countries such as India and China are registering high population levels and the increased disposable income. Consequently, the region is witnessing an increase in the usage of washing machines. An increase in demand for energy-efficient and cost-effective washing machines is a factor that is expectedto drive North America's market growth. Basedonmachinecapacity, the global washing machine market is projected to be dominated bybetween 6 to 8 kg of machine capacity over the forecast era, as these machines have gained high customer preference as they provide perfect laundry capacity for most households worldwide. Furthermore, washing machineswith a size of 6-8 kg are better at saving energy compared to other washing machines. Based on technology, the smart connected washing machine is expected to increase in the forecast period. These devices connect to a network in the same way as tablets or phones do via Wi-Fi. Increasing penetration of smartphones and the Internet has led to increased awareness regarding innovative and smart washing machines, resulting in the growth of the global market. Some of the key factors contributing to increased demand for smart washing machines in the world market are ease of operation and relaxed sliding. During the washing process, smartly linked washing machines make efficient use of water and electricity. Technology innovation in smartly connected washing machines offers real-time knowledge of washing stages through remote sensing to the customer.Using Wi-Fi networking will make it easy for users to operate the washing machine conveniently from a remote location. “The worldwide washing machine industry is powered by rising disposable revenue and developments in rural electrification. Furthermore, increasing washing machine affordability and increasing urbanization are further boosting the demand for washing machines across the world. However, it is likely that the availability of laundry shops and the rise of online laundry services would impede business growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 18

Sample Data -Snapshot Global Washing Machine Market Size, By Value (USD Million) & By Volume (Million Units), 2016–2026F 14.00 15.00 12.00 13.00 110.00 10.00 11.00 90.00 100.00 8.00 9.00 70.00 80.00 6.00 7.00 50.00 60.00 5.00 30.00 40.00 10.00 20.00 2016 CAGR By Value & Volume 2020 2021E CAGR By Value & Volume 2026F XX% By Value (USD Million) YY% By Volume ( Million Units) Asia-Pacific Washing Machine Market Share, By Machine Capacity, By Value, 2016–2026F 8 Kg & 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% Above Between 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 6-8 Kg Below 6 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33% Kg 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F India Washing Machine Market Share, By Product Type, By Value, 2016–2026F Fully Automatic Semi-Automatic 2026F 60% 40% 2025F 60% 40% 2024F 60% 40% 2023F 60% 40% 2022F 60% 40% 2021E 60% 40% 2020 60% 40% 2019 60% 40% 2018 60% 40% 2017 60% 40% 2016 60% 40% 19

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