FELTON, California, June 23, 2020
FELTON, California, June 23, 2020 /PRNewswire/ -- The global Dishwasher Market size is projected to touch USD 10.23 billion by the end of 2025, as per the report released by Million Insights. It is estimated to grow with a CAGR of 7.2% from 2019 to 2025. Factors such as the growing consciousness for cleanliness, hygiene and sanitation along with increasing working-class professionals are projected to fuel the market growth.
The built-in product category is projected to grow with a CAGR of 7.8% over the estimated duration. The innovative features of the product such as wash cycles, multiple spray arms, and specialized sprays are supporting product growth. Further, growing preference for modular kitchens are anticipated to boost the demand of the product that saves resources, time and efforts.
The commercial segment dominated the dishwasher market accounting for a revenue share of over 60% in 2018. Growing application of products in commercial spaces such as puns, restaurants, hotels and cafes has been supplementing the sales of the product. On the other hand residential segment is projected to expand with a CAGR of 8% from 2019 to 2025. Customers' inclination towards designer kitchen patterns along with the adoption of household appliances is expected to bode well the segment growth.
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Asia Pacific is predicted to ascend with a CAGR of more than 10% over the forecast period. The market growth is attributed to growing awareness for sanitation and increasing adoption of the modular kitchen. The key markets include India, Taiwan, China and South Korea. The product offering in the region is increased by the arrival of global manufacturers in the region. Also, the launch of personalized products by the domestic players has been fueling the regional market growth.
Further key findings from the report suggest:
Browse 80 page research report with TOC on "Global Dishwasher Market" at: https://www.millioninsights.com/industry-reports/global-dishwasher-market
Million Insights has segmented the global dishwasher market on the basis of product, application, distribution channel, and region:
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