DUBLIN–(BUSINESS WIRE)–The “Malaysia Dishwasher Market, By Type (Built-in vs Free-standing Dishwasher) By Distribution Channel (Multi-Branded stores, Exclusive Stores, Hypermarket/ Supermarket, and Online), By Region, Competition Forecast & Opportunities, 2027” report has been added to ResearchAndMarkets.com’s offering.
The Malaysian Dishwasher Market was valued USD 31.32 million in FY2020 and is anticipated to grow with an impressive 9.53% CAGR in terms of value in the next five years.
The market owes its development to increasing disposable income, the prevalence of in-home cooking, and changing lifestyles of consumers. Due to the spread of COVID-19 virus, the world observed a complete lockdown. Malaysia also observed the lockdown starting from March 2020; since the families stayed in, they preferred home cooked meals over food delivery. This helped the demand from the residential segment grow rapidly.
Also, due to the absence of domestic help that was encountered due to the pandemic, the common population preferred owning a dishwasher over hand dishwashing process, thereby supporting the growth of the Malaysian Dishwasher Market. Moreover, the hand-dishwashing process had issues like scaled skin due to exposure to soap, prolonged foul posture while dishwashing caused backache problems, all these issues are easily overcome by the usage of the dishwasher.
The ease of accessibility and pros of using dishwasher over hand-dishwashing is driving the market growth in the next five years. Additionally, to withstand competition across the country, companies are working profusely on effective marketing strategies such as providing discounts on dishwashers, setting up kiosks in various commercial places such as shopping malls, corporate buildings, etc., to increase consumer awareness and to attract new customers.
Dishwashers are expensive products, and that may put a minor restraint on the market that can be overcome by the launch of cost-effective products. The Malaysian Dishwasher Market is segmented based on type, distribution channel, regional distribution, and competitive landscape.
Based on type, the market is further segmented into built-in dishwashers and free-st anding dishwashers. Free-standing dishwashers held the largest market share in the historical years and the segment is expected to assert their dominance in the upcoming years. The facility of free moving, provides the edge over the built-in dishwasher.
Moreover, installing a free-standing dishwasher is easy and more feasible than a built-in dishwasher. Moreover, built-in dishwashers are expensive, they are often installed under the counter or inside the side walls, which makes it very difficult in case the installation is conducted in a furnished housing. Also, repairment cost of the built-in dishwasher is too high.
However, due to the COVID-19 outbreak in 2020, the manufacturing facilities were halted, supply chain and trade activities also got disturbed, owing to which the supply of dishwashers were harmed during the year. But, after some recovery across all the sectors throughout the country, the Malaysian Dishwasher Market is expected to recover in the year 2021.
Some of the top players in the Malaysian Dishwasher Market are:
- Panasonic Malaysia Sdn Bhd
- Toshiba Sales & Services Sdn. Bhd.
- GE Appliances (Malaysia)
- Fiamma Sdn. Bhd.
- Fotile Marketing Sdn. Bhd.
- Beko Appliances Malaysia Sdn. Bhd.
- Electrolux Home Appliances Sdn. Bhd.
- Robert Bosch Sdn. Bhd.
- Midea Scott & English Electronics Sdn. Bhd.
- Xiaomi – Mi Malaysia
Years considered for this report:
- Historical Years: 2016 – 2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022 – 2026
In this report, the Malaysian Dishwasher Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Malaysia Dishwasher Market, By Type:
- Built-in Dishwasher
- Free-standing Dishwasher
Malaysia Dishwasher Market, By Distribution Channel:
- Multi-Branded stores
- Exclusive stores
Malaysia Dishwasher Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/ll6d5h
The content is by Business Wire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.