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Global $11.7 Billion Commercial Laundry Machinery Market by Product, Type, Distribution Channel, End-user and Region - Forecast to 2030
Global Commercial Laundry Machinery Market
Dublin, June 14, 2024 (GLOBE NEWSWIRE) -- The "Global Commercial Laundry Machinery Market by Product (Fully Automatic, Semi-Automatic), Type (Commercial Dryer, Commercial Ironer, Continuous Batch Washer), Distribution Channel, End-user - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Commercial Laundry Machinery Market was estimated at USD 6.69 billion in 2023, USD 7.23 billion in 2024, and is expected to grow at a CAGR of 8.30% to reach USD 11.70 billion by 2030.
This research report offers invaluable insights into various crucial aspects of the Commercial Laundry Machinery Market:
Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
What is the current market size and projected growth?
Which products, segments, applications, and regions offer promising investment opportunities?
What are the prevailing technology trends and regulatory frameworks?
What is the market share and positioning of the leading vendors?
What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Market Dynamics
Drivers
Increased use of commercial laundry machinery in the hospitality industry
Growing demand for multi-housing laundries and laundromats
Rising demand for energy and water-efficient laundry machines
Restraints
High cost of laundry machines and their maintenance
Opportunities
Development of new laundry equipment with innovative features
Introduction of online on-demand laundry services
Challenges
Technical and operational issues associated with commercial laundry machinery
Regional Insights
The Americas has a highly developed infrastructure for hospitality industries, creating a demand for commercial laundry machinery. The market is experiencing a significantly increasing landscape due to market players' investments in expanding business operations. The European market is expanding due to rising consumer focus on environment-efficient, affordable, energy-saving laundry machines for industrial use. The booming hospitality and hotel industry in the United Arab Emirates (UAE) and other Middle-East countries is attributing the market growth in the region.
The surge in customers' spending power, the emergence of novel laundry machinery, and the expansion of the travel and tourism sector in Asian economies are boosting the laundry industry and raising the demand for commercial laundry machinery in the region. Additionally, the global market players are expanding their presence in the APAC region to meet the growing customer demand for advanced commercial laundry machinery by various end users.
Market Trends by Segment
Type: Preference for fully automatic commercial laundry machines to save time and improve cleaning capabilities
Product: Adoption of continuous batch washers and top loaders in high volume laundry establishments emphasizing on energy efficiency
Distribution Channel: Convenience and cost-effectiveness of procuring commercial laundry machinery through online channels
End-user: Need for robust and efficient laundry solutions to handle large volumes of linens, towels, and uniforms in the hospitality sector
Industry Insights
Market Dynamics
Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis
FPNV Positioning Matrix
Market Share Analysis
Strategy Analysis and Recommendations
Key Company Profiles
The report delves into recent significant developments in the Commercial Laundry Machinery Market, highlighting leading vendors and their innovative profiles. These include:
Alliance Laundry Systems LLC
BOWE Textile Cleaning GmbH
D.W. Renzmann Apparatebau GmbH
Danube International
Dexter Laundry Inc.
EDRO Corporation
Electrolux AB
Ellis Corporation
Energenics Corporation
Fagor Professional
Forenta, LP
G.A. Braun, Inc.
General Electric Company
Girbau, SA
Gottlob STAHL Waschereimaschinenbau GmbH
Haier Group Corporation
IFB Industries Limited
Jiangsu Sea-lion Machinery Co., Ltd.
Kannegiesser E-Tech, Inc.
LG Electronics, Inc.
Maxi Companies
Miele & Cie. KG
Nagarjun International Trading Company
Pellerin Milnor Corporation
Robert Bosch GmbH
Samsung Electronics Co., Ltd.
Schulthess Maschinen AG
SEKO S.p.A.
Smart Automation & Hydropneumatics Pvt. Ltd.
Stefab India Ltd.
Tolon Global Makina San ve. Tic. A.S.
Unipress Corporation
UnityLab Corp.
Welco Garment Machinery P (Ltd).
Whirlpool Corporation
Recent Developments
LinenMaster Receives Growth Investment from Mainsail Partners
Alliance Laundry Systems' Innovative Laundry Solutions Offers a Game Changer for Vietnam's Commercial Self-Service Laundry Market
Alliance Laundry Systems Distribution Expands West Region with Acquisition
Key Attributes
Report Attribute | Details |
No. of Pages | 196 |
Forecast Period | 2024-2030 |
Estimated Market Value (USD) in 2024 | $7.23 Billion |
Forecasted Market Value (USD) by 2030 | $11.7 Billion |
Compound Annual Growth Rate | 8.3% |
Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/3yeruu
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