Advanced Commercial Laundry Machines Market - Snapshot

According to a new market research report published by Transparency Market Research titled ‘Advanced Commercial Laundry Machines Market (Capacity: 0–30 Kg, 31–50 Kg, and 51Kg & Above and End-use: Laundromats, Hospitality, Hospitals & Care Homes, Multi-housing, Schools & Universities, Public Sector, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global advanced commercial laundry machines market is expected to reach value of US$ 9,392.6 Mn by 2026. The market is projected to expand at a CAGR of 6.66% from 2019 to 2027. According to the report, the market would continue to be influenced by growing popularity of laundromats, especially in developing economies, such as China and India, in the near future. In terms of demand, North America is projected to lead the global market, with the market in the region expanding at a CAGR of above 6.3% during the forecast period.

advanced commercial laundry machines market

0–30 Kg segment held a major market share in 2018

Based on capacity, the global advanced commercial laundry machines market has been segmented into 0–30 Kg, 31–50 Kg, and 51Kg & above. The 030 Kg segment held a major market share, in terms of revenue, in 2018, owing to high adoption of these machines by laundromats and on-premise consumers such as hotels, restaurants, hospitals, and care homes.

Multi-housing to be rapidly expanding segment throughout the forecast period

In terms of end-use, the global advanced commercial laundry machines market has been segmented into laundromats, hospitality, hospitals & care homes, multi-housing, schools & universities, public sector, and others. The multi-housing segment is expected to  expand rapidly throughout the forecast period, owing to significant increase in the number of multi-housing projects, especially in the U.S. Multi-housing projects are less expensive to build on the unit level, due to economies of scale and because multi-family housing units tend to be smaller. Furthermore, the multi-housing segment is expected to expand at a significant CAGR of 7.92% during the forecast period.

North America expected to continue to hold a significant share

North America is expected to hold the maximum share of the global advanced commercial laundry machines market during the forecast period. The growth is primarily attributable to increasing demand for advanced commercial laundry machines by residential consumers in the region and rising demand for advanced commercial washing machines that tend to consume less water and that are more energy efficient.

Advanced commercial laundry machines are gaining popularity across the Asia Pacific region, especially in developing economies such as China and India. This popularity is attributable to rise in the disposal income and convenience associated with laundromats. Furthermore, laundromats have advanced machines with higher capacity that can accommodate higher loads of laundry and save time. This makes laundromats a viable alternative for washing laundry at home. According to the Central Statistics Office of India, the Gross National Disposable Income in the country stood at US$ 2,380 Mn in March 2018, which was an increase of 9.87% over that in the previous year.

Major players operating in the global advanced commercial laundry machines market are Alliance Laundry Systems Limited, Samsung, Electrolux AB, Whirlpool Corporation, IFB, and Dexter Laundry Systems. Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, and other such strategic information pertaining to these players have been duly provided as part of company profiling. 

Advanced Commercial Laundry Machines Market - Overview

The Advanced Commercial Laundry Machines Market report provides analysis of the global advanced commercial laundry machines market for the period from 2017 to 2027, wherein 2019–2027 is the forecast period and 2018 is considered the base year. Data for 2017 has been included as historical information. The report covers all trends and technologies expected to play a major role in growth of the global advanced commercial laundry machines market during the forecast period. It highlights drivers, restraints, and opportunities expected to influence the market from 2019 to 2027. The study provides a holistic perspective on the market, in terms of revenue (in US$ Mn), across different regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key trends affecting the market at the global level. Furthermore, prominent countries/sub-regions covered in the report include the U.S, Canada, Germany, France, the U.K., India, Australia, China, Japan, GCC, South Africa, and Brazil. 

Global Advanced Commercial Laundry Machines Market: Overview

This report analyzes and forecasts the market for advanced commercial laundry machines at the global and regional levels. The market has been forecast in terms of revenue (in US$ Mn) from 2019 to 2027. The study includes drivers and restraints of the global market. It also covers the anticipated impact of these drivers and restraints during the forecast period.

The report comprises detailed ecosystem analysis, which provides a comprehensive view of the global advanced commercial laundry machines market. Porter’s five forces model has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein capacity and end-use segments have been benchmarked based on their market size, growth rate, and general attractiveness. 

Global Advanced Commercial Laundry Machines Market: Taxonomy

This research study on the global advanced commercial laundry machines market provides detailed analysis based on capacity and end-use segments of the market. Based on capacity, the market has been segmented into 0–30 Kg, 31–50 Kg, and 51 Kg & above. Based on end-use, the market has been divided into laundromats, hospitality, hospitals & care homes, multi-housing, schools & universities, public sector, and others. The multi-housing segment is expected to expand at a rapid pace throughout the forecast period, owing to increase in the number of multi-housing projects in the U.S. as well as developing economies such as China and India. According to the Bureau of Labor Statistics, in 2017, the total annual spending on new multi-family housing construction in the U.S. stood at US$ 62.6 Bn, which is 3.8 times the amount spent in the post-recession trough of 2010. 

Global Advanced Commercial Laundry Machines Market: Research Methodology

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, and Factiva.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews conducted for each market segment and sub-segment across geographies. TMR conducts primary interviews on an ongoing basis with market participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and market outlook. These help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding. 

Global Advanced Commercial Laundry Machines Market: Competition Dynamics

The report covers well-established players operating in the global advanced commercial laundry machines market including Alliance Laundry Systems Limited, Samsung, Electrolux AB, Whirlpool Corporation, IFB, and Dexter Laundry Systems. These established players are engaged in the development of innovative advanced commercial laundry machines and their introduction in the market. For instance, in September 2018, AB Electrolux launched a new range of built-in washing machines and washers/dryers under its three brands: Electrolux, AEG, and Zanussi. The capacity of this new range of machines is increased by 8 Kg compared to the old range and they have increased durability. Furthermore, established players are forming strategic partnerships in order to gain market share. For instance, in November 2018, IFB Industries Limited, a leading company based in India, acquired the commercial laundry equipment manufacturing business of Ramsons Group, a prominent player in the laundry business in Asia Pacific. The advanced commercial laundry machines market has been segmented as follows: 

Capacity

  • 0–30 Kg
  • 31–50 Kg
  • 51 Kg & Above

End-use

  • Laundromats
  • Hospitality
  • Hospitals & Care Homes
  • Multi-housing
  • Schools & Universities
  • Public Sector
  • Others

Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • Australia
    • Japan
    • China
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

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