Global Advanced Commercial Laundry Machines Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2028

                                          
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.

Overview

A 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.

Dynamics

Growing 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 Analysis

By 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 Analysis

The 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:

  
Alliance Laundry Systems Limited
  
American Dryer Corporation
  
B&C Technologies
  
BDS Laundry
  
CMV Sharper Finish, Inc.
  
Dexter Laundry Systems.
  
Domus Laundry
  
EDRO Corporation
  
Electrolux AB
  
GE Appliances Qualitex
  
H J WEIR
  
IFB Industries Limited
  
Maytag
  
Samsung
  
Unipress Corporation
  
Welco Garment Machinery Pvt. Ltd.
  
Whirlpool Corporation
  
Xeros Ltd.

Global Advanced Commercial Laundry Machines Market Segmentation:

Segmentation by Capacity

  
0–30 Kg
  
31–50 Kg
  
51 Kg & above

Segmentation by End-Use

  
Laundromats
  
Hospitality
  
Hospitals & Care Homes
  
Multi-housing
  
Schools & Universities
  
Public Sector
  
Others
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Advanced Commercial Laundry Machines market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Advanced Commercial Laundry Machines market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Advanced Commercial Laundry Machines market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Advanced Commercial Laundry Machines market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Advanced Commercial Laundry Machines market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Advanced Commercial Laundry Machines market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Advanced Commercial Laundry Machines industry?