Vietnam Washing Machine Industry Research Report 2023-2032

Description

Vietnam Washing Machine Industry

The washing machine market can be segmented on the basis of type into front loading automatic, top loading automatic and semi-automatic. Fully automatic washing machines require a single touch to start the operation, whereas semi-automatic washing machines require human assistance to transfer wet clothes from one drum to another. According to CRI’s analysis, the market size of Vietnam’s washing machine industry has been expanding as residents’ demand for washing machines continues to grow with rising disposable incomes, an increase in the number of nuclear families, a reduction in the size of homes, and a rise in the busyness of residents’ lives.

Rising consumer tiers and technological innovations in the washing machine industry, including drive and bubble technologies, are rooted in growing demand. Factors such as how to reduce the energy consumption of washing machines and the damage to fabrics during the washing process are influencing the overall growth of the washing machine market, which is what consumers are looking for when selecting a washing machine, and are key to the competitiveness of washing machine manufacturers in the market. Increased use of internet and growth in online sales of washing machines are providing new ways for manufacturers to connect with their customers. The supply chain of the washing machine industry has also undergone significant changes due to increased globalization and digital technology.

Many product innovations are being developed in parallel to support market expansion. With the official launch of Samsung’s Vina washing machine, a new era of smart washing machines has begun in Vietnamese households. Samsung’s new range of fully automatic front-loading washing machines features the company’s proprietary Eco Bubble and Quick Drive technologies, which save time and energy while caring for fabrics by up to 45%. Inverter technology and Wi-Fi connectivity are seen as future and potential market growth drivers for the washing machine industry.

As Vietnam’s economy grows, more Vietnamese consumers will be buying washing machines for the first time or replacing their existing ones. Forecasts anticipate the market size of Vietnam’s washing machine market to continue to rise.CRI expects the market size of Vietnam’s washing machine market to reach US$1.61 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2032.

Topics covered:

• Overview of the washing machine industry in Vietnam
• Economic and policy environment of Vietnam’s washing machine industry
• What is the impact of COVID-19 on Vietnam’s washing machine industry?
• Vietnam Washing Machine Industry Market Size, 2023-2032
• Analysis of Major Vietnamese Washing Machine Industry Manufacturers
• Key Drivers and Market Opportunities in Vietnam Washing Machine Industry
• What are the key drivers, challenges and opportunities for the Washing Machines industry in Vietnam during the forecast period 2023-2032?
• Which are the key players in Vietnam Washing Machine Industry market and what are their competitive advantages?
• What is the expected revenue of Vietnam Washing Machine Industry market during the forecast period of 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Vietnam Washing Machine Industry market is expected to dominate the market by 2032?
• What are the major unfavorable factors facing the Washing Machines industry in Vietnam?

 

Table of Contents

1. Overview of Vietnam

1.1 Geographical Situation

1.2 Demographic Structure of Vietnam

1.3 Economic Situation in Vietnam

1.4 Minimum Wage in Vietnam, 2013-2022

1.5 Impact of COVID-19 on Vietnam’s Washing Machine Industry

 

2. Overview of the Washing Machine Industry in Vietnam

2.1 History of Washing Machine Development in Vietnam

2.2 FDI in Vietnam’s Washing Machine Industry

2.3 Policy Environment of Vietnam’s Washing Machine Industry

 

3. Supply and Demand Situation of Vietnam Washing Machine Industry

3.1 Supply Situation of Vietnam Washing Machine Industry

3.2 Demand Situation in Vietnam’s Washing Machine Industry

 

4. Import and Export Situation of Vietnam’s Washing Machine Industry

4.1 Import Status of Vietnam’s Washing Machine Industry

4.1.1 Vietnam Washing Machine Import Volume and Value

4.1.2 Main Import Sources of Washing Machines in Vietnam

4.2 Export Status of Vietnam’s Washing Machine Industry

4.2.1 Export Volume and Value of Washing Machines in Vietnam

4.2.2 Main Export Destinations of Washing Machines in Vietnam

 

5. Vietnam Washing Machine Industry Cost Analysis

 

6. Vietnam Washing Machine Industry Market Competition

6.1 Entry Barriers for Vietnam’s Washing Machine Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of the Vietnamese Washing Machine Industry

6.2.1 Bargaining Power of Washing Machine Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Vietnam’s Washing Machine Industry

6.2.4 Potential Entrants in the Washing Machine Industry

6.2.5 Substitutes for Washing Machines

 

7. Analysis of the Major Vietnamese Enterprises Manufacturing and Selling Washing Machines

7.1 Panasonic Vietnam Co., Ltd

7.1.1 Panasonic Vietnam Co., Ltd. Corporate Profile

7.1.2 Panasonic Vietnam Co., Ltd. Enterprise Washing Machine Sales Volume

7.2 LG Electronics Vietnam Hai Phong Co., Ltd.

7.2.1 LG Electronics Vietnam Hai Phong Co., Ltd. Corporate Profile

7.2.2 Sales of Washing Machines of LG Electronics Vietnam Hai Phong Co., Ltd. Enterprise

7.3 Toshiba Vietnam Consumer Products Co., Ltd.

7.3.1 Corporate Profile of Toshiba Vietnam Consumer Products Co., Ltd.

7.3.2 Toshiba Vietnam Consumer Products Co., Ltd. Enterprise Washing Machine Sales Volume

7.4 Haier Electrical Appliances Vietnam Co Ltd. (Aqua)

7.4.1 Haier Electrical Appliances Vietnam Co Ltd. (Aqua) Company Profile

7.4.2 Haier Electrical Appliances Vietnam Co Ltd. (Aqua) Enterprise Washing Machine Sales Volume

7.5 Samsung Vina Electronics Co., Ltd.

7.5.1 Samsung Vina Electronics Co., Ltd. Corporate Profile

7.5.2 Samsung Vina Electronics Co., Ltd. Corporate Washing Machine Sales Volume

7.6 Electrolux Vietnam Ltd.

7.6.1 Corporate Profile of Electrolux Vietnam Ltd.

7.6.2 Sales of Washing Machines in Electrolux Vietnam Ltd. Enterprises

7.7 Sharp Vietnam Electronics Co., Ltd.

7.7.1 Corporate Profile of Sharp Vietnam Electronics Co., Ltd.

7.7.2 Sharp Vietnam Electronics Co., Ltd. Corporate Washing Machine Sales Volume

7.8 Arcelik Hitachi Home Appliances Sales Vietnam

7.8.1 Arcelik Hitachi Home Appliances Sales Vietnam Company Profile

7.8.2 Arcelik Hitachi Home Appliances Sales Vietnam Enterprise Washing Machine Sales

7.9 Midea Vietnam

7.9.1 Midea Vietnam Company Profile

7.9.2 Midea Vietnam Enterprises Washing Machines Sales

7.10 Vietbeko Co., Ltd

7.10.1 Corporate Profile of Vietbeko Co., Ltd.

7.10.2 Sales of Washing Machines in Vietbeko Co., Ltd. Enterprises

 

8. Vietnam Washing Machine Industry Outlook, 2023-2032

8.1 Analysis of Factors Contributing to the Development of the Washing Machine Industry in Vietnam

8.1.1 Drivers and Development Opportunities for Vietnam’s Washing Machine Industry

8.1.2 Threats and Challenges Facing Vietnam’s Washing Machine Industry

8.2 Vietnam Washing Machine Industry Supply Forecast

8.3 Vietnam Washing Machine Market Demand Forecasts

8.4 Import and Export Forecast for Vietnam’s Washing Machine Industry