Laundry Folding Machine Market

Laundry Folding Machine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Laundry Folding Machine Introduction

A laundry folding machine is used to fold clothes such as t-shirts, towels, pants, and bed sheets in a few minutes. Laundry folding machines are used by various end-users such as hotels, hospitals, and apparel manufacturers.
FoldiMate, Inc., one of the leading manufacturers of laundry folding machines, has developed an advanced model, and now this latest model automatically adapts to the clothing item type and size.
The global laundry folding machine market is predicted to expand at a rapid pace during the forecast period owing to increased demand for laundry folding machines in different industries such as textiles, apart from retail stores and hotels.

Laundry Folding Machine Dynamics

Key Drivers and Restraints of the Laundry Folding Machine Market

Rise in disposable income of consumers and urbanization are the major factors anticipated to boost the market globally.
The increasing use of laundry folding machines by apparel manufacturers, industrial launderers, hotels, hospitals etc., is anticipated to boost the laundry folding machine in the near future.
Growing adoption of IIoT-enabled machinery in the textile industry and implementation of Industry 4.0 are also expected to spur the laundry folding machine market globally.
Automation in the textile industry plays an important role in enhancing the growth of the laundry folding machine market
Laundry folding machines work around new developments in Artificial Intelligence (AI), Internet of Things (IoT), and robotics, thus enabling these machines to connect to the internet and perform complicated tasks autonomously. This in turn is anticipated to propel the market growth in the next few years.
However, high cost of laundry folding machines is the major factor expected to hinder the growth of the market in the upcoming years.

Significant Growth Potential for the Apparel Manufacturers Segment

Under the end-user segment, apparel manufacturers accumulated major share of the laundry folding machine market.
This is primarily due to growth in the fashion industry worldwide and rapid growth of the textile industry, which in turn is projected to boost the laundry folding machine market in the forthcoming years.

North America to Hold Major Share of the Laundry Folding Machine Market

North America dominated the global laundry folding machine market, accounting for significant share. The U.S. is the key market in North America due to high demand for laundry folding machines in the country.
The laundry folding machine market in Asia Pacific is projected to expand at a rapid pace. This can be attributed to increasing number of retail stores and hotels in India and China, which is anticipated to propel the laundry folding machine market across the region.
Furthermore, growing demand for laundry folding machines from the fashion industry especially in Asia Pacific, is anticipated to drive the market in the region in the near future.

Laundry Folding Machine Market- Competitive Landscape

Key Players Operating in the Global Laundry Folding Machine Market

Currently, few local, regional, and international players in the market manufacture laundry folding machines. Hence, the market is consolidated and bargaining power of suppliers is high; intensity of competition is also high among these players. Rapid technological advancements have led to a threat of substitution in the laundry folding machine market. In September 2017, Panasonic Corporation developed a washing machine that folds clean clothes.

Key players operating in the global laundry folding machine market include: