Advanced Commercial Laundry Machines Market to Reach US$ 9,392.6 Mn By 2027

According to a new market research report published by Transparency Market Research titled ‘Advanced Commercial Laundry Machines Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global advanced commercial laundry machines market was valued at US$ 5,271.1 Mn in 2018 and is expected to expand at a CAGR of 6.66% from 2019 to 2027, to reach value of US$ 9,392.6 Mn by the end of the forecast period.

Request a Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=61293

One of the first laundromat facilities was introduced in the U.S. in the 1930s. After this, popularity of laundromats increased across the globe. Over the last few years, laundromats have been gaining popularity in developing economies such as India, China, and Singapore. Various laundromats have been established in developing economies. An increasing percentage of millennial population has started availing laundromat services, owing to rise in the disposal income and convenience associated with the use of laundromats. This can be attributed to rising costs of electricity, time poverty of working couples, and the trend of transition toward apartment-style living.

The number of multi-housing projects in the U.S. is witnessing steady rise amidst higher prices and borrowing costs associated with residential properties. The residential starts (number of residential projects) reached 1.26 million units in the U.S. in December 2018, which was an increase of 3.2% over the previous-month value. Commercial laundry machines are deployed in multi-housing projects that include apartments, universities, residential societies, condominiums, and dorms.

Browse The Report: https://www.transparencymarketresearch.com/advanced-commercial-laundry-machines-market.html

This results in the saving of energy, water, and time of people residing in these projects. The rising number of multi-housing projects would lead to increasing demand for deployment of commercial laundry machines in these projects in the near future. Based on capacity, the global advanced commercial laundry machines market has been segmented into 0–30 Kg, 31–50 Kg, and 51 Kg & above. The 31–50 Kg segment is expected to expand at a rapid pace during the forecast period, owing to the rising demand for machines with high capacity from laundromat operators as well as on-premise customers such as hotels, restaurants, hospitals, and care homes.

About Us

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Contact Us:

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
https://tmrresearchsite.wordpress.com/

This release was published on openPR.