India Washing Machine Market Analysis

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India Washing Machine Market
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The India Washing Machine Market reached USD 1267
million in 2019 and projected to grow at CAGR of
3.67 to reach USD 1698 million by 2026.
Increased demands for differentiated products and
services have commenced to an upsurge in
investments for RD activities. Ongoing
advancements, such as crowdsourced supply, coin
laundry, and on-demand services, are drawing
investors toward the laundry industries seeking
minimal on-site management responsibilities. Furth
er, the commercial laundry space is becoming more
automated with the introduction of
Internet-enabled features in the washing
machines. The increased number of dual-income
households coupled with insufficient time for
laundry has led to the growing desire for
laundromats. Moreover, energy labels and energy
efficiency policies have enabled manufacturers to
focus on the development of energy-efficient
products. The growth in the hospitality sector in
the region and the arrival of on-demand services
are expected to drive the commercial washing
machine growth.
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While Washing Machine prices are rising in
India, companies are offering different types of
schemes such as EMI and seasonal discounts that
lure the country's middle class population. The
commercial washing machine market is
distinguished by the presence of key players who
provide conventional washing and laundry
services. The growth in online laundry services
is anticipated to have a positive impact on the
commercial washing machine market. However, the
startups in this industry are trying to fill in
the gap by providing comprehensive solutions at a
reasonable price. India is a second largest
country in world and is one of the fastest
growing country in the world in term of
population. Large number of people use Washing
Machines to clean their clothes efficiently. Get
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