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Commercial Laundry Machinery Market worth $11.70 billion by 2030, growing at a CAGR of 8.30% - Exclusive Report by 360iResearch
The "Commercial Laundry Machinery Market by Product (Fully Automatic, Semi-Automatic), Type (Commercial Dryer, Commercial Ironer, Continuous Batch Washer), Distribution Channel, End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Commercial Laundry Machinery Market to grow from USD 6.69 billion in 2023 to USD 11.70 billion by 2030, at a CAGR of 8.30%.
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Commercial laundry machines are designed for commercial use to easily accommodate big loads of laundry, serving the needs of hotels, care homes, and restaurant industries. Commercial laundry machinery has a capacity of 12 kg to 60 kg and beyond for faster wash rates, reduced energy and water bills, increased reliability, and intensive cleaning compared to domestic laundry equipment. The hospitality industry is increasingly adopting commercial laundry machinery for efficient cleaning operations. In recent years, the demand for multi-housing laundries and laundromats with improved energy and water efficiency has increased. However, the high costs, operational issues, and commercial laundry care equipment maintenance may limit the product adoption. Moreover, the introduction of innovative technologies, such as the Internet of Things (IoT), is creating lucrative opportunities for market growth.
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 Segmentation & Coverage:
This research report categorizes the Commercial Laundry Machinery Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Fully Automatic and Semi-Automatic. The Fully Automatic commanded largest market share of 58.50% in 2023, followed by Semi-Automatic.
Based on Type, market is studied across Commercial Dryer, Commercial Ironer, Continuous Batch Washer, Front Loader, Top Loader, and Washer Extractor. The Front Loader commanded largest market share of 32.44% in 2023, followed by Top Loader.
Based on Distribution Channel, market is studied across Offline and Online. The Offline commanded largest market share of 95.87% in 2023, followed by Online.
Based on End-user, market is studied across Healthcare, Hospitality, and Laundry Stores. The Laundry Stores commanded largest market share of 62.39% in 2023, followed by Hospitality.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.58% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Commercial Laundry Machinery Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Commercial Laundry Machinery Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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, BÖWE 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 Wäschereimaschinenbau 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)., and Whirlpool Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Commercial Laundry Machinery Market, by Product
7. Commercial Laundry Machinery Market, by Type
8. Commercial Laundry Machinery Market, by Distribution Channel
9. Commercial Laundry Machinery Market, by End-user
10. Americas Commercial Laundry Machinery Market
11. Asia-Pacific Commercial Laundry Machinery Market
12. Europe, Middle East & Africa Commercial Laundry Machinery Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Commercial Laundry Machinery Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Commercial Laundry Machinery Market?
3. What is the competitive strategic window for opportunities in the Commercial Laundry Machinery Market?
4. What are the technology trends and regulatory frameworks in the Commercial Laundry Machinery Market?
5. What is the market share of the leading vendors in the Commercial Laundry Machinery Market?
6. What modes and strategic moves are considered suitable for entering the Commercial Laundry Machinery Market?
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