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Global Advanced Commercial Laundry Machines Market 2021: By Capacity (0–30 Kg, 31–50 Kg, 51 Kg & above), By End-Use (Laundromats, Hospitality, Hospitals & Care Homes, Multi-housing, Schools & Universities, Public Sector, Others)Global Advanced Commercial Laundry Machines Market report, with 2019 as the year of estimation and a forecast period of 10 years was recently generated by Trusted Business Insights. The global advanced commercial laundry machine market report has been segmented on the basis of capacity, end-use, and region. The report provides insights on the various drivers, restraints, opportunities and ongoing trends in the target market. Revenue from segments is also presented table- and figure-wise on global, regional, and country levels. Supporting information is also provided for a clearer and crisp understanding. In addition, the company profile section contains details of the top 10 players in the target market.
OverviewA commercial laundry machine is designed robustly for everyday use and also has a longer lifespan than a residential washing machine. A commercial laundry machine is generally of larger capacity and allows washing of heavy, bulky or larger items and fabrics. Newer commercial laundry machines combine the latest technology with better quality components and materials.
DynamicsGrowing demand for advanced commercial laundry machines in laundromats and hospitality coupled with rising preference for smart laundry technology are primary factors expected to drive growth of the advanced commercial laundry machines market over the forecast period. In addition, increasing disposable income and availability associated with the usage of laundromats are among other factors projected to propel growth of the global advanced commercial laundry machine market over the forecast period. Furthermore, increasing number of multi-housing projects are projected to result in increasing demand for sales and deployment commercial laundry machines. However, high initial as well as maintenance costs is a major factor expected to restrain growth of the global advanced commercial laundry machine market to a certain extent over the forecast period. Moreover, increasing technological advancements in smart laundry technology and development and production of machines that are more energy- efficient and consume less water, coupled with rapidly gaining traction of the Internet of Things (IoT) technology is further expected to create lucrative opportunities for advanced commercial laundry machine manufacturers in the near future.
Segment AnalysisBy capacity: Among the capacity segments, the 0-30 kg capacity segment is expected to dominate and register a higher CAGR in terms of revenue in the global advanced commercial laundry machine market.
By End-use:Among the end-use segments, the multi-housing end-use segment is projected to account for highest revenue share owing to the rising number of multi-housing projects in developed countries such as the US, as well as in emerging economies such as India and China.
Region AnalysisThe advanced commercial laundry machine market in Asia Pacific is expected to account for highest CAGR in terms of revenue, owing to increasing acceptance and deployment of laundromats in countries in the region, and the trend of shifting toward apartment-style living are among some factors driving market growth. This trend has been gaining traction in emerging countries such as China, Singapore, and India. North America market is expected to register significant growth rate during the forecast period. This growth is primarily attributed to high adoption of advanced commercial laundry machines. The Europe advanced commercial laundry machines market is projected to account for a substantial share in terms of revenue in the near future.
Below are the leading companies profiled in this Advanced Commercial Laundry Machines Market Report:
Chapter 1 Methodology and Scope