Discussion on Research about German Washing Machine Market/industry

As indicated by the trading report of international that is published by the ITC; the washing machine total trade was recorded as $13.72 billion in the year of 2018. Such kinds of the growth have been ascribed to the latest innovation as well as consumer affluence. This innovation was occurring in the market of the washing machine such as drive technology and bubble technology. Both of these things are the most important aspects of this technology. The entire growth of the washing machine market is disrupted by the various factors and it also includes gaining traction of the consumer. It also includes the less energy consumption as well as damaging of the fabrics. 

The washing machine market of the Germany is the one of the most important and well known market around the globe. According to the statics of the 2018  the valuation of the global washing machine market was $37.11 billion meanwhile the demand for the German washing machine was recorded as CAGR of 5.42% at the time of the forecasting period of 2019-2015.

Source: https://www.industryarc.com/Report/18491/washing-machine-market-research-report-analysis.html

In the washing machine segments of the German the revenue was calculated as the amounted to US$1,326m in 2020. This market has been expected to grow by annually 1.4% (CAGR 2020-2023). If the revenue of washing machine will compare at global level it has been observed that most of the revenue is generated by the China that is amounted to (US$14,232m in 2020). According to the figures of the total population the revenue of the German market is per person revenues of US$15.82 are generated in 2020.

Source: https://www.statista.com/outlook/16010400/137/washing-machines/germany#market-revenue

The average revenue per person in the market for Washing Machines amounts to US$15.82 in 2020.

  There are the several companies that are manufacturing the washing machines in German but few of these are discusses here along with their market shares.

Bosch Research about German Washing Machine Market/industry

Robert Bosch GmbH, or Bosch, is consider as a German multinational technology and engineering company and its headquartered located in Gerlingen that is near Stuttgart, Germany. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 92% owned by Robert Bosch Stiftung, a charitable institution.

 Siemens Research about German Washing Machine Market/industry

Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. The Stock price: SIE (ETR) €116.36 -2.28 (-1.92%).

Makita Corporation Research about German Washing Machine Market/industry

Makita Corporation is a Japanese manufacturer of power tools. Founded on March 21, 1915, it is based in Anjō, Japan, and operates factories in Brazil, China, Japan, Mexico, Romania, the United Kingdom and Germany. After Siemens it’s well known company in the world.