Global Coin Operated Laundry Machines Market Overview:
People tend to do their laundry at laundry providers rather than at home because of limited space and smaller homes, as well as increasing energy costs. In coin-operated laundry machines; the user deposits the coins in the machine to operate it. The amount of time for the number of coins is fixed. Internal code ensures that the machine only works for the amount of time that coins are inserted. When the timer runs out, the device shuts down automatically. The specialized machines can have several programs and cycles, but they can only work on the coins that have been inserted. Staffing requirements are minimized when coin-operated devices are available. For example, the machine gathers money on its own, without the need for a cashier. In addition, laundry providers do not need to hire anyone to keep an eye on devices that switch off after a certain amount of time to avoid overuse. Cleaning and assistance personnel, on the other hand, are needed to sustain the quality. Some of the players profiled in the study are Dexter (United States), StarFish (India), Whirlpool Corporation (United States), Fagor (Spain), LG (South Korea), Electrolux (Sweden), Pellerin Milnor (United States), Haier (China), Vetech Equipment (India) and Shanghai Yuan Di Machinery Co., Ltd. (China).
On the basis of geography, the market of Coin Operated Laundry Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity Range, the sub-segment i.e. 5-8 KG will boost the Coin Operated Laundry Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Coin Operated Laundry Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Need of Quickly Washing and Drying of The Cloths
- Increasing Demand of Coin-Operated Laundry Machines to Avoid Overuse of The Machine
Influencing Trend
- Increasing Trend of Using Advanced Programme-Based Washing Machines
Restraints
- Concerns Regarding the Use of Fake Coins
Opportunities
- Increasing Demand for Coin-Based Laundry Machines from Schools and Hostels
- Emerging Demand of Coin Operated Washing Machines from Hospitals for The Need of Patients
Challenges
- Growing Use of Small Personal Washing Machines from Households
- Maintenance Requirements of Coin Operated Washing Machines Tend to Be Higher Than Conventional Machines
Key Market Developments:
On 23rd September 2020, Electrolux, a leading provider of coin-operated washing machines relaunched its Continental brand of home appliances in the Brazilian market, introducing a new generation of products and a brand campaign that encourages equality in the home. The relaunch, following a period of investment since its acquisition by Electrolux in 2017, comes at a time when demand for affordable home appliances in the Brazilian market is high, with a 72% increase in searches for home appliances identified since the Covid-19 pandemic began. Continental’s return includes a new, innovative product line for the kitchen that adds functionality, design, and durability.
According to Indian regulations for washing machines “All washing machines should inform water consumption for the complete cycle on the label. Actual water consumption should not be more than 110% of the stated water consumption by the manufacturer.”
Target Audience:
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Coin Operated Washing Machines Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Coin Operated Laundry Machines market on the basis of product [Washer, Dryer and All in One Machines] , application [Laundromats, Hotels, Hospitals, Hostels and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Coin Operated Laundry Machines market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Coin Operated Laundry Machines industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are
.** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Coin Operated Laundry Machines market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.