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The Commercial Laundry Market Is Poised For Growth Driven By the Booming Construction Industry: Core Growth Enabler in the Commercial Laundry Market, 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Commercial Laundry Industry Market Size Be by 2025?
The commercial laundry industry has experienced robust growth in recent years. The market value, which is predicted to escalate from $1.43 billion in 2024 to $1.51 billion in 2025, is anticipated to see a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this growth during the historic period include greater demand for automated washing solutions, increased industrialization, urban growth leading to higher demand for commercial laundry facilities, improved awareness and regulation in hygiene matters, and a surge in consumerism.
What's the Long-Term Growth Forecast for the Commercial Laundry Market Size Through 2029?
The size of the commercial laundry market is projected to experience consistent growth in the coming years. It is predicted to reach $1.83 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 4.9%. This anticipated growth during the forecast period could be due to the escalating requirements for medical linens and uniforms, emergence of new hotel chains, growing world population, increasing tourism, expanding commercial infrastructure, and the mounting demand across diverse sectors. Key future trends incorporate the innovation of intelligent technologies, integration of the internet of things (IoT), technological evolutions, adopting AI-enabled stain removal techniques, self-service kiosks, and progress in automated garment sorting methods.
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What Are the Key Growth Drivers Fueling the Commercial Laundry Market Expansion?
The surge in construction activities is set to fuel the expansion of the commercial laundry market. Activities such as the development of buildings, infrastructure, and other structures are integral to these construction operations. The boost in these activities is a result of rapid urbanization, infrastructure advancement, and emphasis on precision in building projects. Commercial laundry services play a vital role in the construction industry by ensuring cleanliness, safety, and efficiency which leads to optimized and effective construction practices. For example, in October 2023, a report by FMI Construction, a U.S.-based construction service company, in the North American Engineering and Construction Outlook pointed out that the U.S. engineering and construction spending had a growth of 5% in 2023 compared to the previous year, 2022. Therefore, the uptick in construction is set to stimulate the commercial laundry market.
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What Are the Key Trends Driving Commercial Laundry Market Growth?
Key players in the commercial laundry sector are prioritizing the development of innovative products, such as plastic-free solutions, to boost sustainability and decrease environmental harm. Plastic-free solutions are inclusive of eco-conscious packaging, detergents devoid of harsh chemicals, and sustainable material that aim to diminish or completely avoid the use of plastic. For example, Unilever, a fast-moving consumer goods organization based in the UK, unveiled innovative laundry capsules in July 2022 aimed to increase sustainability and efficiency. These newly introduced capsules are packaged in plastic-free, cardboard containers, saving over 6,000 tonnes of plastic waste annually-an amount equivalent to the weight of 500 double-decker buses. The environmentally-friendly formula, composed of 65% plant-based materials, is specifically designed for effective cleaning performance in cold, abbreviated cycles. The capsules' restructured membrane dissolves the quickest in the market and does not leave any residue. Moreover, these capsules have a carbon footprint that is 16% lesser and can result in energy savings of up to 60% when used in cold, short cycles.
How Is the Commercial Laundry Market Segmented?
The commercial laundry market covered in this report is segmented -
1) By Type: Commercial Washer, Commercial Dryer, Commercial Dry Cleaning Equipment, Pressing Machines, Finishing Equipment, Other Types
2) By Distribution Channel: Hypermarkets And Supermarkets, Retail Stores, Online Stores, Other Distribution Channels
3) By Application: Hospitality, Healthcare, Educational Institutions, Industrial, Retail Laundry Services, Other Applications
Subsegments:
1) By Commercial Washer: Front-Load Washers, Top-Load Washers, Stackable Washers, High-Efficiency Washers, Washer Extractors
2) By Commercial Dryer: Tumble Dryers, Stackable Dryers, Gas Dryers, Electric Dryers, Heat Pump Dryers
3) By Commercial Dry Cleaning Equipment: Dry Cleaning Machines (Perchloroethylene, Hydrocarbon), Solvent Recovery Systems, Drying Tumblers For Dry Cleaning, Pressing Machines
4) By Pressing Machines: Flatwork Ironers, Steam Pressing Machines, Hydraulic Pressing Machines, Steam Finishing Presses
5) By Finishing Equipment: Folding Machines, Garment Steamers, Steam Boilers, Spotting Tables, Ironing Boards
6) By Other Types: Commercial Laundry Detergent Dispensers, Ozone Laundry Systems, Laundry Sorting Equipment, Laundry Conveyors
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Which Companies Are Leading the Charge in Commercial Laundry Market Innovation?
Major companies operating in the commercial laundry market are LG Corporation, Whirlpool Corporation, Miele & Cie. KG, Maytag Corporation, GE Appliances, Alliance Laundry Systems LLC, Electrolux Professional, Jensen-Group, Continental Girbau Inc., Dexter Laundry Inc., Pellerin Milnor Corporation, Fagor Industrial, American Dryer Corporation (ADC), G.A. Braun Inc., Lapauw International NV, Laundrylux Inc., B&C Technologies, Renzacci S.p.A., Firbimatic S.p.a., Yamamoto Manufacturing Co. Ltd., Danube International
Which Regions Are Leading the Global Commercial Laundry Market in Revenue?
North America was the largest region in the commercial laundry market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial laundry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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