What is the market potential of electric smart washing machines?

In developed countries and regions in Asia, electric washing machines started earlier, and the market penetration rate of electric washing machines in Japan, South Korea, Singapore and other countries has reached more than 40%; the domestic electric washing machine market is entering the fast lane of rapid development. The market share of first-tier cities such as Beishangguangshen and Shenzhen has already been 5-10%. In the next five years, smart washing machines will replace traditional outdoor drying racks and indoor hand drying racks, becoming the new darling of home drying.
According to the statistics of the National Bureau of Statistics, as of 0:00 on November 1, 2006, the number of urban households in China has reached 180 million. According to the total transaction volume of China's property market in 2011, more than 6 million sets, plus the number of replacements in the old house, the total capacity of the entire washing machine market in China is about 10 billion. That is, 100 million units, and the sales of electric washing machines have reached more than 300,000 units in 2011, and maintained a growth rate of more than 100% per year.
According to the 2012 Hurun Wealth Report, as of the end of 2011, the number of millionaires in mainland China exceeded one million for the first time, reaching 1.02 million, an increase of 6.3%. One in every 1300 people in the country is a millionaire. According to statistics, the size of China's middle class is about 23% of the total population, reaching about 300 million people, and is growing at a rate of 1% per year.
Editor: China drying rack net - dew for frost

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