Global Commercial Laundry Machinery Market Analysis by Equipment Type, by End User & by Machinery Segment with COVID-19 impact | Forecast Period 2017-2030

Market Landscape

According to Goldstein Market Intelligence, global commercial laundry machinery market is set to grow at a CAGR of 7.1% over the forecast period (2017-2030). North America is probably the more mature market for vended and on-premise machines. Manufacturers are seeing growth in emerging markets such as China and India. However, countries like Japan, South Korea and Taiwan have accepted the laundromat concept for years and are strong markets for commercial laundry machineries. Commercial laundry, dry-cleaning equipment, and distribution business is highly fragmented, with full-line or partial-line equipment distributors, globally. All distributors are independently owned and primarily focused on local & regional markets. For instance, in 2016, U.S. and Canada sales in the commercial laundry equipment industry were made to the following customer segments: laundromats, at 42.66%, multi-housing laundries (31.09%), and on-premise laundries (motels, hotels, nursing homes, prisons, et cetera), at 26.25%.

Market Opportunity

USD 40 Billion Laundry Industry Ready for Reinvention

• Global market for the hospitality industry is expected to see year-over-year growth of about 3.05% for the next five years. While this may highlight the trend of global citizens traveling more, taking more time off from work, and investing in travel expenses, this also has implications of another growing market: laundry.

• Tour & Travel Sector (i.e. from travelling clothes) offer opportunity for in-house laundry services at hotels and resorts as well as standalone commercial launderers to service these travellers.
• In 1780, merchandised washers with rotating drums were introduced around Industrial Revolution and the state of commercial laundry services continued with rapid and innovative change since. From hospitals to hotels to restaurants, the commercial laundry industry blossomed into a widespread commodity, inspiring more efficient and streamlined technology. These businesses also came to understand the need for protection, such as comprehensive insurance, such as what is offered through programs such as Coin-Op Advantage for coin-operated laundromats.
• Recently, there has been pressure on commercial laundry services to go more eco-friendly, lightening their carbon footprint. Incorporation of polymer beads and ozone technology with energy-efficient machines, have responded well in commercial laundry services.
• Standalone businesses or In-house services are continuing to help develop the emerging trend of using germ-fighting solutions like ionic silver for textiles (i.e. bed linens, lab coats, towels). By the time, the FabriCare business has depended on and followed through with adjusting to innovation and technological advances, only helping customers even more in the meantime.

Investors banking on growing laundry market in South Korea

South Korea overall laundry market is worth about USD 3.85 billion and is mostly offline. In South Korea, vended market is primarily laundromats and the on-premise market includes customers such as assisted living and long-term care facilities, fire departments, hospitals, hotels and nursing homes. Laundromats provide washing machines for individuals to use for a fee and are the largest downstream market for commercial washing machine manufacturers. However, industry operators have increasingly relied on other markets, including multifamily residences and on-premise laundering facilities. Nevertheless, as laundromats expand their operations or upgrade their existing equipment, demand for commercial washing machines generally improves. In 2020, demand from laundromats is expected to decrease marginally, representing a threat to this industry.

Larger Players In The Industry

Major competitors in this industry include Whirlpool Corporation, The Dexter Company, Super Laundry Equipment Corp., and Alliance Laundry Systems. Among which, Proctor and Gamble has entered into the commercial dry-cleaning business. P&G introduced its Tide Dry Cleaners franchise to leverage its marketing prowess as well as six decades of experience in fabric care business.

Commercial Laundry Machinery Market Segmentation

On The Basis of Equipment Type

• Commercial Washing Machines
• Commercial Dryers Machines
• Commercial Pressing Machines
• Commercial Automatic Bifurcating Machines

On The Basis of End User Sector

• Hospitality Sector
• Healthcare Sector
• Laundromat Sector
• Residential Communities & Apartment
• Institutions, Fire, Marine, Armed Services, Mining & Other Public Service Sector
• Food Service Sector (Busy Diners, F&B Chains, Legendary Restaurants, etc)
• Commercial Laundries & Drycleaners
• High-Throughput Laundry Business (Linen Plant, etc)
• Manufacturers, Factories & Fabric Mills

On The Basis of Laundry Machinery Segment

• Vended Commercial Laundry            Machinery
• On-Premise Commercial Laundry Machinery
• Multi-Housing Commercial Laundry Machinery

On The Basis of Regions

• North America Commercial Laundry Machinery Market Analysis, 2017-2030 (US, Canada)
• Europe Commercial Laundry Machinery Market Analysis, 2017-2030 (Germany, UK, Russia, Spain, France, Italy, BENELUX, Switzerland and Rest of Europe)
• Latin America Commercial Laundry Machinery Market Analysis, 2017-2030 (Mexico, Brazil & Rest of Latin America)
• Asia Pacific Commercial Laundry Machinery Market Analysis, 2017-2030 (China, India, Japan, Australia, South Korea, New Zealand & Rest of APAC)
• Middle East Commercial Laundry Machinery Market Analysis, 2017-2030 (UAE, Saudi Arabia, Turkey, Iran, Qatar, Kuwait and Rest of Middle East)
• Africa Commercial Laundry Machinery Market Analysis, 2017-2030 (South Africa, Algeria, Nigeria, Kenya and Rest of Africa)

COVID-19 impact on "Global Commercial Laundry Machinery Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Commercial Laundry Machinery Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Covered In this Commercial Laundry Machinery Market Report

• The report includes Commercial Laundry Machinery Manufacturers, OEMs , Distributors & Brands Outlook (Market Competition & Regional Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Insights (Future Trends & Forecast Data), Online Retailing and End User Analysis (Sales from Different End Use Sectors)
  • 1. Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Global Commercial Laundry Machinery Industry and further it bifurcated into Regions & Countries.
  • 2. Sales Data of Commercial Laundry Machinery : By Each Product Type & Size, By End Users (B2B & B2C), By Brands, By Models, By Distribution Models, By Countries (Volume & Value), 2016-2024
  • 3. Sales Outlook by Various Channels : By Channel Type (Stand-alone Stores, Flagship Stores, Brand Outlets, Multi-Brand Outlets, Specialty Outlets, Hypermarkets, Online Channels, etc.)
  • 4. Manufacturing/Production of Commercial Laundry Machinery : By Manufacturers Type (OEMs, OBMs & ODMs), Production Data (By Machinery Type, By Countries), Manufacturing Capacity, Operational Margins, Distribution Analysis, etc.
  • 5. Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, PESTLE Analysis, Pricing Patterns
  • 6. Trade Data (Export & Import) : By Each Product Type, By Countries Demand, 2017-2030
  • 7. Supply & Demand Analysis, 2017-2030
  • 8. Target & Potential Markets, By Major Countries
  • 9. Global Smart Commercial Laundry Machinery Industry Outlook : Current & Future Outlook, 2017-2030
  • 10. Global Commercial Laundry Machinery Industry Analysis (Manufacturers, Brands, New Products, Product Mapping, Investments, Pricing Pattern, Business Models, Annual Spending, Sales Channels Outlook, etc.)
  • 11. The study provides an in-depth analysis with current and future trends to elucidate the imminent investment pockets in the market.
  • 12. Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
  • 13. Quantitative analysis of the current market and forecast from 2017-2030 is provided to showcase the financial competency of the market.
  • 14. Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
  • 15. Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
  • 16. Competitive Outlook of major players of the global market as well as regional market to understand the current business scenario and to understand the complexity and investment related factors.