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Global Washing Machine Market By Type By Machine Capacity, By Distribution Channel (Multi-Branded Stores, Supermarkets and Hypermarkets, Online and Others, By Region, Competition, Opportunity and Forecast, 2017-2027

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New York, Sept. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Washing Machine Market By Type By Machine Capacity, By Distribution Channel (Multi-Branded Stores, Supermarkets and Hypermarkets, Online and Others, By Region, Competition, Opportunity and Forecast, 2017-2027” – https://www.reportlinker.com/p06036620/?utm_source=GNW
), By Region, Competition, Opportunity and Forecast, 2017-2027

The global Washing Machine Market was valued USD71.77 billion in 2021 and is forecast to register a CAGR of 3.83% through 2027 to reach USD89.27 billion by 2027. The global washing machine market is mainly driven by increasing population in urban areas, changing lifestyles, and increasing technological advancements. Numerous global corporations are investing a significant amount of money in their research and development division because of the industry’s growing demand for washing machines.
The largest number of advances have been made for the massive global washing machine market.Every market leader wants to provide its customers brand-new, cutting-edge washing machines.

The global Washing Machine Market can be segmented as front load automatic, top load automatic, and semi-automatic based on type.Manufacturers now have new means to connect with their clients thanks to the rise of the e-commerce industry and increased internet penetration rates, globally.

The expansion of the global Washing Machine Market has been supported by the ability of businesses to increase their distribution reach and serve clients in even the most remote places thanks to the online sales channel.Rising disposable income is one of the primary drivers of the global washing machine market.

It indicates a higher standard of living and greater consumer purchasing power. During the forecast period, demand for washing machines is anticipated to increase due to increased GDP per capita income globally.
As many nations went into lockdown during COVID-19 and the global supply chain was disrupted, washing machine sales fell.Many businesses at the time claimed they had a decline in the number of washing machines sold due to weak demand in the first two quarters of 2020.

Still, in the second half of the year, the washing machine industry grew at a strong rate.
Increasing online sales fuel market expansion
In 2020, online sales increased due to lockdowns and social distance practices.Washing machine manufacturers have extended their online presence on e-commerce sites such as Amazon, E-bay, etc.

Customers opted to purchase washing machines through the internet. Many companies developed distinctive promotions and loyalty schemes like “Smart Upgrade” to keep and expand their user base.
Increasing Washing Machine Innovations Driving the Market Growth
Manufacturers of washing machines are introducing innovation in their products to boost technical development.LG Electronics (LG) launched its most innovative laundry invention, with an Artificial Intelligence Direct Drive (AI DD) motor, the new LG ThinQ front-load washing machine surpasses the capabilities of conventional washers.

Internal water heaters, faster spin rates, anti-vibration technology, and tub cleaning cycles are some of the latest innovations that help washing machines work better.
Rising Number of Nuclear Families
The washing machine business will advance in the future because of growing nuclear households, more working women, and more consumer per capita income.A more comprehensive selection of alternatives encourages city people to switch from semi-automatic to fully automatic machines.

Due to the vast price gap between fully automatic and semi-automatic top loaders, manufacturers can now actively market the former.
Rising Population Will lead to the Market Growth of Global Washing Machine Market
Rural demand is anticipated to increase and disposable incomes to rise even more due to the government’s ambitious plans to strengthen the industrial sector, quadruple agricultural revenues, and make other structural changes targeted at reviving the economy.This expanding group of people and increased purchasing power may inspire innovation and generate employment, promoting economic progress.

The need for a washing machine will rise as disposable income rises, which will lead to further market expansion.
Market Segmentation
The global washing machine market is segmented based on type, machine capacity, distribution channel, region, and competitive landscape.Based on the type, the market is segmented into front-load automatic, top-load automatic, and semi-automatic.

Based on machine capacity, the market is categorized into below 8 kg and 8 kg and above. Based on distribution channel, the market is segmented into multi-branded store, supermarkets and hypermarkets, online and others (institutional sales, exclusive stores, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Asia-Pacific, North America, South America, Europe, and Middle East & Africa. In terms of country, the United States Washing Machine Market is forecast to grow at a faster rate and is expected to reach around USD13.75 billion by 2027.
Company Profiles
Whirlpool Corporation, LG Electronics Inc., Samsung Electronics Co., Ltd., Robert Bosch GmbH, AB Electrolux, Panasonic Corporation, Haier Smart Home Co., Ltd., Midea Group Co., Ltd., Hitachi, Ltd., IFB Industries Limited and others are among the major market players in the washing machine industry that led the market growth of the global washing machine market.

Report Scope:

In this report, global Washing Machine Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Washing machine Market, By Type:
Front Load Automatic
Top Load Automatic
Semi-Automatic
• Global Washing machine Market, By Machine Capacity:
Below 8 Kg
8 Kg and Above
• Global Washing machine Market, By Distribution Channel:
Multi-Branded Stores
Supermarkets and Hypermarkets
Online
Others
• Global Washing machine Market, By Region:
o Asia-Pacific
China
Japan
South Korea
India
Australia
Vietnam
Thailand
Indonesia
o North America
United States
Mexico
Canada
o Europe
Germany
United Kingdom
Italy
France
Spain
Netherlands
o Middle East & Africa
Turkey
Egypt
Saudi Arabia
UAE
South Africa
o South America
Brazil
Colombia
Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global washing machine market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06036620/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

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IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

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Homestyler to Recruit First Batch of Global Partners in 20 Countries

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MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

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