In the forecast period, demand for home laundry appliances is expected to be driven mainly by the need for replacements, aiming to return volume growth to the pre-pandemic level. The excess inventory in 2023 amongst retailers and manufacturers has led to increased promotional activities aimed at lowering warehousing expenses, and this trend is projected to continue throughout the forecast period, thereby boosting volume sales.
As consumer demand for high-performance home laundry appliances continues to rise, technological innovation, especially in the realm of AI-powered capabilities, will remain a key catalyst for future growth in Australia. Notably, LG Australia’s introduction of the ezDispense washing machine range in 2022, with pre-set auto-dosing technology, alongside existing AI capabilities that optimise wash cycles based on load characteristics, exemplifies this trend.
Sustainability has become a critical factor for all players in the business landscape, spanning policy makers, consumers, and manufacturers alike. Consumers are increasingly gravitating towards eco-friendly appliances, meticulously weighing the environmental impact of their purchasing decisions.
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Understand the latest market trends and future growth opportunities for the Home Laundry Appliances industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Laundry Appliances industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Laundry Appliances
Home laundry appliances includes the following categories: automatic dryers, automatic washing machines, automatic washer dryers and semi-automatic washing machines.
See All of Our DefinitionsThis report originates from Passport, our Home Laundry Appliances research and analysis database.
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