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Insights on the Commercial Laundry Machinery Global Market to 2030: Self-Service Laundry/ Laundromat/Coin-Operated Machines Grow in Popularity Fueled by the Pandemic's No Contact Norm

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Global Market for Commercial Laundry Machinery

Global Market for Commercial Laundry Machinery
Global Market for Commercial Laundry Machinery

Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Commercial Laundry Machinery: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Commercial Laundry Machinery estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.

Washers, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$3.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Commercial Dryers segment is readjusted to a revised 7.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 9.6% CAGR

The Commercial Laundry Machinery market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$918.4 Million by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Select Competitors (Total 145 Featured) -

  • Alliance Laundry Systems, LLC

  • BOWE Textile Cleaning GmbH

  • CMV Sharper Finish, Inc.

  • Dexter Laundry

  • EDRO Corporation

  • Electrolux Professional AB

  • Forenta LP

  • Girbau S.A.

  • IFB Appliances

  • JLA Limited

  • Kannegiesser E-Tech, Inc.

  • Transform SR Brands LLC.

  • LG Electronics

  • Miele Inc.

  • Pellerin Milnor Corporation

  • Unipress Corporation

  • Whirlpool Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Metrics:

Report Attribute

Details

No. of Pages

521

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$4.5 Billion

Forecasted Market Value (USD) by 2030

$7.9 Billion

Compound Annual Growth Rate

7.3%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Laundry: A Quickly Evolving Household Task That Has Become a Billion Dollar Industry

  • Growing Global Opportunity for Laundry Services Creates a Parallel Market For Laundry Machines: Global Demand for Dry-Cleaning and Laundry Services (In US$ Million) for Years 2021, 2023 and 2025

  • What's the Prognosis on the Pandemic? Here's What Everyone Should Know About the Dynamics of the Ongoing Multiwave Pandemic & Its Impact on the Economy

  • After Omicron, Comes Stealth Omicron & Deltacron Fueling Fresh Waves of Infections Across the Globe

  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?

  • With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of March 2022

  • At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain

  • How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country

  • Split Scenarios Unfold: The Great Vaccine Divide Emerges

  • With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022

  • The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated

  • Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022

  • The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable

  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?

  • Dragging Pandemic, New Virus Strains, Fresh Societal Risks, Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021

  • Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Comes Into Play, Lowering Growth Expectations for 2022 & 2023: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023

  • Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023

  • New Bursts of Food & Energy Inflation Triggered by Russia-Ukraine War to Threaten Economic Recovery

  • Competition

  • Commercial Laundry Machinery - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Commercial Laundry Machinery: Definition, Overview & Benefits

  • World Brands

  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Changing Hotel Housekeeping Practices During Pandemic & in a Post-Pandemic World to Benefit Demand for Laundry Machines

  • Smart Laundry Equipment & Service Technologies Emerge Into the Spotlight

  • IoT Enabled Commercial Washing Machines Bring the Promise of Revolutionizing Machine Operation & Laundry Service Provision

  • Self-Service Laundry/ Laundromat/Coin-Operated Machines Grow in Popularity Fueled by the Pandemic's No Contact Norm

  • The Service Sector Welcomes the Era of Self-Service Convenience

  • Piggybacking on the Self-Service Trend, Laundromats/Coin Operated Laundry Machines Become Popular

  • Contact-Less Laundry Services Pick Up Pace Amidst the Covid-19 Pandemic

  • Cautious Recovery of the Travel, Hospitality/Hotel Industry in 2022 & Beyond Bodes Well for Market Growth

  • Hotels & Hospitality Industry is the Largest End-User of Laundry Machines

  • Hopes for Recovery, Although Volatile to Spur Growth in the Hotels/Hospitality End-Use Sector

  • Focus on Sustainability Brings Eco-Friendly & Energy Efficient Laundry Machines & Laundry Chemicals into the Spotlight

  • Sustainability Becomes More Important than Ever. Here's Why

  • The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020

  • Carbon Footprint of the Laundry Industry Comes Under the Scanner

  • How is the Laundry Industry Responding?

  • Spurred On by Rising Healthcare Burden, Hospitals Emerge into the Fastest Growing End-Use Sector

  • Rise in Sales of Hospital Beds in Parallel to Bed Expansion in Hospitals Worldwide Brings Good News for Hospital Laundry Services & Machines: Global Market for Hospital Beds (In US$ Million) for Years 2021, 2023, 2025 and 2027

  • AI Makes Its Mark in the Laundry Industry. Here's How

  • Multi-Housing Laundries Rise in Prominence

  • Technology Innovations Remain Crucial for Sustained Growth

  • Preventive Maintenance of Laundry Machines Storms Into the Spotlight

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/upfi6k

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