Home laundry appliances is expected to register a slight decline in volume terms over the forecast period. The negative performance will be linked to consumers showing less interest in replacing their energy efficient models with new ones, if it is not absolutely necessary because the appliance is broken.
Automatic dryers and automatic washer dryers are expected to see positive performances in volume terms over the forecast period, while automatic washing machine volume sales fall. Automatic dryers and automatic washer dryers will benefit from increasing penetration in Hungarian households and the high level of convenience that they offer to busy consumers looking to minimise the amount of time and effort spent on household tasks.
With expected improvements in the economic situation in the country and consumers’ growing purchasing power, there is likely to be rising interest in smart appliances and products with innovative functions during the forecast period. This will mean that energy efficiency becomes less of a central focus for consumers, though it is likely to remain important due to both concerns about energy costs and rising environmental awareness.
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Understand the latest market trends and future growth opportunities for the Home Laundry Appliances industry in Hungary 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 Hungary, 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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