According to the report, the Commercial Laundry Machinery market is expected to grow from USD 13,290 million in 2019 to USD 17,873 million by 2026, growing at a CAGR of 4.35% from 2019 to 2026.
Market Overview
The global Commercial Laundry Machinery market is estimated to be USD 13,290 million in 2019 and is expected to reach USD 17,873 million by 2026, with a CAGR of 4.35% during the forecast period.
The growth in the number of dry cleaners, growing hospitality and healthcare sector, numbers of commercial laundry care outlets are driving the growth of the industry. The lack of time and unwillingness towards doing laundry has led to the establishment of the commercial laundry system market. With the liberalization of the market, increased consumerism and the rising number of players globally, consumers are rapidly evolving and becoming more demanding for the innovative laundry care products. However, the cost of replacing the laundry equipment in the event of failure, is adversely affecting the growth of this market.
The commercial washing machine range is designed to meet the needs of busy indoor laundry. These machines range in capacity from 7.5 kg to 65 kg and can withstand heavy loads and continuous use.
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Competitive Insights
Key players operating in this market include Alliance Laundry, Dexter, Whirlpool, Electrolux, Kannegiesser, Miele, Pellerin Milnor, Braun, Girbau, LG, EDRO, Fagor, Firbimatic, Sailstar, Sea-Lion Machinery, CSM, Easton, Jieshen, Haier, and Flying Fish Machinery.
Regional Insights
North-America region accounted for the largest market share of 32.55% in 2018 due to the large availability of commercial laundry outlets, hotels, and hospitals. North America also has the presence of major players in the market, contributing towards the larger market size of North America. The Asia Pacific is the fastest growing region and has huge growth potential for the laundry machinery market. The Asia Pacific occupied 31.25% of market share, followed by Europe with 28.97%.
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Based on the type, the Commercial Laundry Machinery market can be segmented into Commercial dry-cleaning equipment, Commercial dryer, and Commercial washer.
Commercial washer accounted for largest market share of 43% in 2018 on the back of its major application in the laundry activities. Further, commercial dryers closely follow the market share of commercial washer, which is expected to grow at a high CAGR over the forecast period.
Application Insights
Based on application, the Commercial Laundry Machinery market is divided into Hospital, Laundry Home, and Hotel.
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Audience
l Commercial Laundry Machinery manufacturers
l Distributors and resellers of Commercial Laundry Machinery
l Commercial Laundry Machinery industry associations
l Product managers, Commercial Laundry Machinery industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
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