China is the largest market for washing machines

Smart washing machine segment is growing

China leads the global washing machine market both in terms of production and sales. Since at least 2013, the production of washing machines in the country has exceeded 70 million units. Sales of washing machines in China have also been at this level, with more than 70 million units sold annually since 2015.The two general designs for household washing machines in use today are the front-loading and the top-loading washers. Laundromat machines and industrial washers are also available for commercial use. Other types of washing machines used in consumer households include the more expedient compact machines and the washer-dryer combo.With the industry for “smart appliances” expected to grow in the future, washing machines account for a big part of the global smart home appliances market. Today, around 10 percent of households in the United States already own a big smart appliance such as refrigerators or washing machines. This ownership rate is projected to increase as the smart washing machine market is forecast to grow from around 8 billion U.S. dollars in 2020 to more than 20 billion U.S. dollars over the next five to seven years