Cost of living pressures, inflation and high interest rates will continue to dampen household sentiment and spending power during the forecast period. Households will display more caution in their purchasing patterns, and consequently volume sales of home laundry appliances are expected to decline.
COVID-19 induced a spike in retail price points in 2022. The magnitude of unit price growth moderated in 2023, and this weakening price growth momentum is expected to continue into the forecast period.
Incremental improvements such as the addition of wash cycles (such as those with a hygiene and allergy focus) will continue in home laundry appliances, but the focus for forecast period innovation will be the implementation of AI and smart technology. Manufacturers will push connectivity as smart appliances present manufacturers with the opportunities to differentiate their offers and add value to their product ranges.
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Understand the latest market trends and future growth opportunities for the Home Laundry Appliances industry in Sweden 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 Sweden, 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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