Global Commercial Laundry Machinery Market Overview:
Laundry machinery is defined as machinery or equipment used for the washing of clothing and other textiles. Commercial laundry machinery is the laundry machinery which is applied in commercial use. Commercial laundry machinery is used in laundry home, factory, hotel as well as many other commercial fields. The commercial laundry machinery products include dry cleaning equipment, presses, commercial dryers as well as washers. Such machinery provides laundry solutions to many industries such as healthcare, hospitality, educational, as well as service industries, among others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | Asia-Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Significance of Energy Efficiency of Commercial Laundry Machinery
Market Growth Drivers:
Rising demand for efficient laundry systems, Increasing Population Coupled With Growing Disposable Income, Increasing number of laundry stores and Reducing Operating Costs for Customers
Challenges:
High Competition among Major Players
Restraints:
High Cost of Commercial Laundry Machinery and Increasing Cost of Raw Materials
Opportunities:
Growing Opportunities in Emerging Markets and Ongoing Commercial Laundry Machinery Developments
Competitive Landscape:
In February 2019, Alliance Laundry Systems has announced that it is going to acquire Commercial & Coin Laundry Equipment Co. (CLEC), headquartered in Gulf Breeze, Florida. It is one of the largest commercial laundry equipment distributors in the Southeast region, in The United States. The company has reached an agreement to purchase Commercial & Coin Laundry Equipment Co. (CLEC). The deal is likely to be finalized for closing in early March.
Some of the key players profiled in the report are Alliance Laundry Systems LLC (United States), DEXTER LAUNDRY (United States), Whirlpool Corporation (United States), Electrolux AB (Sweden), Herbert Kannegiesser GmbH (Germany), Miele (Germany), Pellerin Milnor Corporation (United States), The Girbau Group (Spain), LG Electronics Inc. (South Korea) and The EDRO Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Fagor Electrodomésticos (Spain), Firbimatic/EcoDry of America Inc (United States) and Jiangsu Sea-Lion Machinery Co., Ltd.(China). Analyst at AMA Research see German, and United States Vendors to retain maximum share of Global Commercial Laundry Machinery market by 2028. Considering Market by Operation Types, the sub-segment i.e. Multi-Housing will boost the Commercial Laundry Machinery market.
Latest Market Insights:
In November 2023, Alliance Laundry Systems launched a new Speed Queen commercial washer that is designed for durability and efficiency. The new washer features a stainless-steel construction, a heavy-duty motor, and a high-capacity drum.
What Can be Explored with the Commercial Laundry Machinery Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Commercial Laundry Machinery Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Commercial Laundry Machinery
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Commercial Laundry Machinery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Commercial Laundry Machinery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Commercial laundry machinery Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, Hospitality Industry, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.