by The portable dishwasher market has seen significant growth in recent years due to the increasing demand for appliances that provide convenience without compromising on functionality. Portable dishwashers are compact in size and can easily fit under the kitchen counter, making them ideal for small kitchen spaces. They clean dishes effectively and offer cycles for different types of loads.
The global portable dishwasher market is estimated to be valued at US$ 5.49 Bn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the portable dishwasher market are AB Electrolux, Asko Appliances AB, Danby Products, Inc., Haier Group Corp., Havells India Ltd., LG Electronics, Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Smeg SpA, and Whirlpool Corp., and Voltas Beko.
The key opportunities in the market include growing demand from households with limited space, rising disposable incomes, and increasing focus on energy-efficient appliances. Advancements in technology have led to the development of compact and lightweight dishwashers with multiple wash programs and sensors for optimized cleaning.
Market Drivers
One of the key drivers for the Portable Dishwasher Market Demand is the rising space-saving kitchen appliances from urban households. As more people live in small apartments and homes, there is a need for appliances that offer the same performance without taking up significant countertop space.
Portable dishwashers also allow flexibility in placement as they can be kept under the counter or moved depending on convenience. Their compact size makes them suitable even for rental properties and mobile homes. The energy-efficient operation and water conservation features further appeal to environmentally conscious consumers and drive sales.
Current challenges in Portable Dishwasher Market:
The portable dishwashers market is facing challenges due to rise in raw material prices and supply chain disruptions amid COVID-19 pandemic. Prices of metals and plastic have witnessed steep rise which is posing challenge for manufacturers to maintain profit margins. Further, restrictions during lockdowns have impacted supply of key components leading to delays in production. The households shift towards budget dishwashers due to economic downturn also poses challenge to premium product sales. However, growing concern towards health and hygiene is supporting demand for portable dishwashers.
SWOT Analysis
Strength: Compact size makes them ideal for small kitchens and apartments. Easy to use and cleanup.
Weakness: Limited wash capacity. More expensive than traditional dishwashers per cycle.
Opportunity: Growing urban households and working professionals demand. Increasing focus towards hygienic washing.
Threats: Price volatility of raw materials. Supply chain disruptions during pandemic. Competition from counter depth dishwashers.
Geographical regions with high market share in terms of value:
North America accounts for the largest share in portable dishwashers market led by U.S. High number of single person households and dual income nuclear families drive the demand. Asia Pacific is expanding at fastest pace with China and India being major markets.
Fastest growing region:
Asia Pacific region is projected to register fastest growth during forecast period aided by rising disposable incomes, growth of urban population and increasing focus on household appliances. Supportive government policies for domestic appliance manufacturing will also support regional market. Countries like India, Vietnam, Indonesia and Philippines will be key contributors to future growth.
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
