Global Commercial Laundry Machines Market to Reach USD 4,694.62 Million by 2031
Category : Machinery and Equipment | Published Date : Aug 2024 | Type : Press Release
Commercial Laundry Machines Market Scope & Overview:
Commercial laundry machines are designed for large loads, and constant usage, and are built with higher-quality components, tolerances, and features. They offer benefits such as faster cycle times, improved efficiency, productivity, and reduced energy consumption. They are used in healthcare facilities, hotels, restaurants, laundry stores, and more.
Consegic Business Intelligence analyzes that the Global Commercial Laundry Machines Market size was valued at USD 3,071.28 Million in 2023, and is expected to register a CAGR of 5.4% to reach USD 4,694.62 Million by 2031.
This report comprises Commercial Laundry Machines Market Share, Size & Industry Analysis, By Product Type(Semi-automatic Laundry Machines and Fully-automatic Laundry Machines), By Sales Channel (Online and Offline), By Application (Healthcare Facilities, Hotels, Restaurants, Laundry Stores, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2024-2031.
This report contains detailed information on Commercial Laundry Machines Market Opportunities, Trends, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the market for Commercial Laundry Machines Market is growing due to the expanding hospitality and healthcare sectors. The market has seen significant research and development efforts, with manufacturers investing in new technologies and features to improve efficiency in commercial applications.
Segmental Analysis :
The Commercial Laundry Machines Market is segmented based on product type, sales channel, application, and region.
Based on the product type, the market is bifurcated into Semi-automatic Laundry Machines and Fully-automatic Laundry Machines.
- The fully automatic laundry machine segment dominated the commercial laundry machines market in 2023. They offer benefits such as improved water and energy efficiency, increased convenience, improved washing performance, and others. They are widely used in healthcare facilities, hotels, and other commercial applications.
- The semi-automatic laundry machine segment is expected to grow rapidly during the forecast period. They have separate tubs for washing and drying. They offer benefits such as shorter wash cycles, less water consumption, and lower cost compared to fully-automatic machines.
Based on the sales channel, the market is bifurcated into online and offline.
- In 2023, the offline segment held the largest market share. This is driven by factors like ease of customization, higher credibility, and a strong customer base.
- Online sales channels are expected to witness the fastest growth. They offer benefits such as easy access to products, faster buying process, higher flexibility, and quicker comparison of multiple products and prices.
Based on the application, the market is segmented into Healthcare Facilities, Hotels, Restaurants, Laundry Stores, and Others.
- The healthcare facilities held the largest revenue share in 2023. This is due to the rising number of patient admissions and in healthcare expenditure.
- The hotel segment is anticipated to witness the fastest CAGR over the forecasted period. This is due to expanding hotel chains, and rising travel trends.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- In 2023, Asia Pacific was valued at USD 782.77 million. It is expected to reach USD 1,230.93 million in 2031. China held the highest market share of 31.7% in 2023. This growth is due to expanding restaurant and hotel chains in the region.
- North America is expected to register significant growth with a CAGR of 5.6% during the forecasted period, driven by the increasing development of healthcare facilities.
| Report Attributes | Report Details |
| By Product Type | Semi-automatic Laundry Machines and Fully-automatic Laundry Machines |
| By Sales Channel | Online and Offline |
| By Application | Healthcare Facilities, Hotels, Restaurants, Laundry Stores, and Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Commercial Laundry Machines Industry:
- Alliance Laundry Systems LLC.
- Whirlpool Corporation
- Miele & Cie. KG
- LG Electronics
- Girbau S.A.
- Electrolux AB
- Fagor Professional
- Pellerin Milnor Corporation
- Samsung
- GE Appliances
- Mag Laundry Equipment
Recent Industry Developments :
- Alliance Laundry Systems acquired Taylor Houseman in April 2023 to enhance its commercial laundry services in Northern California.
