Singapore Dishwasher Market Size Set to Expand at Steady CAGR of 4.05% to Touch USD 502.2 Million & 168,700 Units by 2030

Published | 31 May 2024

Singapore Dishwasher Market is flourishing because of an increasing focus on mechanization of dishwashing driven by the growing population of female employees, the rising level of disposable income and growing awareness about hygiene.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Singapore Dishwasher Market size at USD 329.17 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Singapore Dishwasher Market size to expand at a CAGR of 4.05% reaching a value of USD 502.19 million by 2030. By volume, BlueWeave estimated the Singapore Dishwasher Market size at 162,100 units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Singapore Dishwasher Market size to expand at a CAGR of 4.31% reaching the volume of 168,700 units by 2030. A growing number of working people, especially women, and changing lifestyles are major development factors for the Singapore Dishwasher Market. The market growth is expected to be further fueled by the rising demand for convenient consumer appliances in both the residential and commercial sectors during the period in analysis.

Opportunity - Deepening penetration of multi-brand stores

The Singapore Dishwasher Market is segmented into multi-brand stores, wholesalers, specialty stores, online retailers, and others, based on distribution channel. The multi-brand store segment dominates the Singapore Dishwasher Market. The growth of the multi-brand store segment is mainly attributed to the availability of a wide range of products from variety of brands with various features. It allows customers to browse through products based on their requirements. However, the online retail segment is anticipated to register growth at the highest CAGR during the period in analysis owing to the deepening penetration of e-commerce platforms and the availability of home appliances through these platforms in Singapore.

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Singapore Dishwasher Market

Segmental Coverage

Singapore Dishwasher Market – By Application

Based on application, the Singapore Dishwasher Market is segmented into residential and commercial. The commercial segment  holds a larger share of the Singapore Dishwasher Market by application, owing to the expanding tourism and hospitality sector. An increasing number of restaurants, hotels, pubs, and cafes are boosting the demand for efficient dishwashers to ensure a smooth workforce for the service. The residential segment is anticipated to witness a high growth rate during the forecast period owing to rising launches of dishwashers under the home appliances category and the increasingly hectic lifestyle of consumers.

Competitive Landscape

Major players operating in the Singapore Dishwasher Market include Haier Group Corporation, Robert Bosch Gmbh, Miele & Cie. Kg., Samsung Electronics Co., Ltd, LG Electronics Inc., Whirlpool Corporation, Electrolux, Hobart, and Rhima Australia Pty Ltd.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Singapore Dishwasher Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Singapore Dishwasher Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Singapore Dishwasher Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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