Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 857.16 Million | USD 1,341.18 Million | 5.10% | 2023 |
The global washing machine base bracket market size was worth around USD 857.16 million in 2023 and is predicted to grow to around USD 1,341.18 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.10% between 2024 and 2032.
An apparatus that gives a washing machine stability and support is called a base bracket. It is intended to stop the washing machine from excessively shaking or moving while the spinning and washing cycles are in progress. The base bracket guarantees effective and efficient washing, increases the machine's longevity, and lessens noise & vibrations by keeping the machine steady. The market for washing machine base brackets appears to have a bright future. The need for base brackets is predicted to rise along with the global washing machine adoption trend. The market for washing machines is expanding due to factors such as changing lifestyles, increased disposable incomes, and the need for convenience, all of which are having a favorable effect on the base bracket market.
Increasing demand for washing machines drives market growth
A notable shift in consumer behavior has been driven by the global acceleration of urbanization and the changing lives of people. The need for time-saving solutions is only going to increase as more people move into cities and adopt fast-paced lives. This trend is greatly complemented by washing machines, which automate and simplify the laundry process. For city people looking for effective solutions to handle everyday tasks, the added simplicity of just loading clothes, choosing a cycle, and letting the machine do the work is appealing. The washing machine base bracket industry is expanding because consumers are becoming more and more interested in appliances that fit in with their hectic schedules.
Price sensitivity and compatibility issues hinder market growth
Customers may view base brackets as optional accessories rather than necessary parts for washing machines, particularly in price-sensitive regions. Because of this, customers might decide to spend more money on the washing machine itself rather than on extra accessories, which might decrease the need for base brackets. Furthermore, it is difficult for base bracket manufacturers to guarantee compatibility with every washing machine model and brand due to the wide variety of models and brands available on the market. Base bracket manufacturers may have fewer market options due to compatibility problems resulting from non-standard sizing and design across washing machines. Thus, all these factors are likely to hamper the washing machine base bracket market growth to a certain extent.
Rising awareness of vibration control and floor protection offers a lucrative opportunity for market growth
Technology has improved the efficiency of washing machines, however, some models, particularly front-loading ones, may vibrate more when in use. Base brackets are necessary to minimize noise, stabilize the washing machine, lessen vibration, and guard against damage to the machine and nearby structures. Furthermore, washing machines are raised off the ground by base brackets, which helps shield flooring from dents, scratches, and water damage. The need to protect expensive flooring materials like hardwood, laminate, or tile from potential harm from washing machines grows as homeowners make these investments. Therefore, the growing awareness regarding vibration control and floor protection drives the washing machine base bracket industry expansion.
The availability of alternative solutions poses a major challenge to market expansion
There may be additional options for stabilizing washing machines, such as floor mats, anti-vibration cushions, or specially designed platforms. These substitutes, which are frequently promoted as affordable and simple-to-install fixes, could decrease the need for washing machine base brackets. Thus, posing a major challenge to the washing machine base bracket market expansion.
The global washing machine base bracket industry is segmented based on type, sales channel, and region.
Based on the type, the global washing machine base bracket market is bifurcated into mobile type and heightened type. The heightened type segment is expected to dominate the market over the forecast period. Advanced base brackets with improved stability, durability, and vibration-dampening capabilities can be created through advancements in material science, design engineering, and manufacturing techniques. For instance, adding sophisticated shock-absorbing materials or smart sensors for automated leveling might improve base bracket performance, increasing consumer acceptance and profitability. Additionally, producers may develop base brackets with recycled materials, environmentally friendly production methods, and energy-efficient designs in response to consumer demand for sustainable and eco-friendly solutions. By promoting ecologically friendly base brackets as responsible options, businesses can gain market share and appeal to customers who care about the environment while also increasing revenue.
Based on the sales channel, the global washing machine base bracket industry is bifurcated into a specialty store, furniture stores, online sales, and others. The specialty store segment is expected to capture a significant market share over the projected period. Specialty stores offer a carefully chosen shopping experience, and their staff members are well-versed in helping consumers choose the best base bracket for their requirements. Personalized service improves customer satisfaction and builds trust, which encourages repeat business and good word-of-mouth recommendations. In addition, these establishments provide opportunities for base bracket upselling and cross-selling related goods or accessories. Base brackets can be packaged by manufacturers with complementary goods like floor protectors, vibration-dampening pads, or installation services to boost average transaction value and revenue per consumer. Thereby, driving the market growth.
Report Attributes | Report Details |
---|---|
Report Name | Washing Machine Base Bracket Market |
Market Size in 2023 | USD 857.16 Million |
Market Forecast in 2032 | USD 1,341.18 Million |
Growth Rate | CAGR of 5.10% |
Number of Pages | 211 |
Key Companies Covered | Bedford, Smart Shelte, Midea, FNDILI, DUONAIWU, Rimus Group, Panasonic, BSH, Squareon, Electrolux, Perfect Moulder, Karimi Sales & Service, IFB, Spacecare, Yeebaili, and others. |
Segments Covered | By Type, By Sales Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is expected to dominate the market during the forecast period
The Asia Pacific is expected to capture the largest washing machine base bracket market share over the forecast period because of its large population, urbanization, and shifting preferences in consumer goods. Rising consumer disposable incomes and the swiftly expanding economies of nations like China and India are factors driving greater household appliance purchasing. The growing popularity of modern urban lives reinforces the demand for time-saving appliances like washing machines. Leading producers in the Asia-Pacific area are also taking advantage of this market by providing models that are both technologically advanced and reasonably priced, while also catering to local preferences. Moreover, the swift development of residential construction and the hospitality industry bolstered the need for washing machines, thus driving the market's rise. Asia Pacific leads the world in washing machine sales and market growth as the region embraces modernity and urban living. This is due to the dynamic interaction between changing demographics and changing customer aspirations.
The global washing machine base bracket market is dominated by players like
By Type
By Sales Channel
FrequentlyAsked Questions
An apparatus that gives a washing machine stability and support is called a base bracket. It is intended to stop the washing machine from excessively shaking or moving while the spinning and washing cycles are in progress. The base bracket guarantees effective and efficient washing increases the machine's longevity, and lessens noise and vibrations by keeping the machine steady.
The market for washing machine base brackets appears to have a bright future. The need for base brackets is predicted to rise along with the global washing machine adoption trend. The market for washing machines is expanding due to factors such as changing lifestyles, increased disposable incomes, and the need for convenience, all of which are having a favorable effect on the base bracket market.
According to the report, the global washing machine base bracket market size was worth around USD 857.16 million in 2023 and is predicted to grow to around USD 1,341.18 million by 2032.
The global washing machine base bracket market is expected to grow at a CAGR of 5.10% during the forecast period.
The global washing machine base bracket market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing urbanization.
The global washing machine base bracket market is dominated by players like Bedford, Smart Shelte, Midea, FNDILI, DUONAIWU, Rimus Group, Panasonic, BSH, Squareon, Electrolux, Perfect Moulder, Karimi Sales & Service, IFB, Spacecare and Yeebaili among others.
The washing machine base bracket market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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