Commercial Laundry Machines Market: Introduction
- Commercial
laundry machines consist of a wide range of features with
different types of wash cycles. This enables the washing of various types
of clothes, as the tolerances vary depending on the type of material.
These machines are developed with high quality material and advanced technologies.
- Commercial
laundry machines offer laundry solutions to a wide range of industries
such as healthcare, hospitality, educational, and service industry.
Changes in consumer lifestyle influences the use of commercial laundry
machines in these industries.
- As
compared to top load machines, the front load machines are efficient and
saves considerable water and electricity. This helps commercial operators
to save on operational costs. Hence, these advantages are fueling the
growth of the commercial laundry machines market.
Growing hospitality industry fueling the demand for
commercial laundry machines
- Laundry
equipment includes dry cleaning machines, washing machines, presses, and
commercial dryers. Commercial laundry equipment are progressively being used
in resorts, hotels, and other establishments. These equipment are also
used by individual laundry service providers.
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- Increasing
construction activity in developing economies such as Japan and China is
boosting the hospitality industry. This is due to rising tourism in these
countries. These factors are fueling the growth of the commercial laundry
machines market.
Rising disposable income
- Increasing
disposable income, and awareness about hygienic and efficient cleaning
systems is growing among people. This is in turn is encouraging laundry
stores to cater to the growing demand for laundry services. In addition,
government regulations for energy efficient equipment is increasing
competition among vendors to come up with innovative features. These
factors are further boosting the growth of the commercial laundry machines
market.
- However,
factors such as cost of replacing the equipment due to failure, and
increasing raw material prices are hampering the market growth.
Maximum Growth to be observed in the Asia Pacific Market
- In
terms of region, the global commercial laundry machines market can be
divided into North America, Europe, Asia Pacific, South America, and
Middle East & Africa.
- The
commercial laundry machines market in Asia Pacific is anticipated to
expand at the maximum CAGR during the forecast period.
- This
growth is attributed to features of commercial laundry machines,
increasing disposable income, and a growing hospitality industry.
- The
commercial laundry machines market in North America and Europe is expected
to show high growth rate due to increasing competition among players. The
market in Middle East & Africa is also likely to show high growth due
to an increasing tourism and hospitality industry.
Key Players in the Global Market
The global commercial laundry machines market is highly
fragmented due to the presence of a large number of manufacturers. Prominent
players operating in the global market are focusing on product launch and
technological developments to meet the growing demand.
Key players operating in the global commercial laundry
machines market include:
- Alliance
Laundry System LLC
- GE
Appliances
- Haier
Group
- IFB
Industries Limited
- LG
Electronics
- Toshiba
Corporation
Global Commercial Laundry Machines Market: Research Scope
Global Commercial Laundry Machines Market, by Product
- Fully
Automatic
- Semi-automatic
Global Commercial Laundry Machines Market, by End-users
- Hospitality
- Laundry
Stores
- Healthcare
- Others
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