Commercial laundry equipment include washing machines, dryers, and ironing equipment that are majorly used in large institutions like hospitals, hotels, and laundromats for washing large volumes of cloth pieces like linens, towels, bed sheets, uniforms, and other textiles. These heavy-duty equipment offer superior loading capacity and can function continually for longer durations compared to household appliances. They incorporate advanced technologies to effectively clean large loads while minimizing water, chemicals, energy, and time consumption.
The global Commercial Laundry Equipment Market is estimated to be valued at US$ 1.4 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for commercial laundry equipment is rising primarily driven by increasing energy and cost-saving requirements of end-users across various industry verticals. Market players are focusing on developing technologically advanced products that can clean larger loads while maximizing performance and minimizing operating costs. For instance, new generation commercial dryers incorporate moisture sensors and automated controls that can sense moisture levels of fabrics and automatically stop the drying cycle once clothes are fully dried. This prevents over-drying and significantly reduces energy and time consumption. Several equipment also offer connectivity capabilities and integration with online platforms that allow remote monitoring and enhance maintenance convenience. Such innovations are expected to boost the adoption of commercial laundry equipment over the forecast period.
Segment Analysis
The Global Commercial Laundry Equipment Market Size is segmented into washers, dryers, dry cleaning equipment, and pressers. The washer segment dominates the market and is expected to witness significant growth over the forecast period. Commercial washers are used extensively across laundromats, hospitals, hotels and other commercial establishments for bulk washing requirements. Their durability and high processing capacities make them popular for commercial and industrial laundry needs.
Key Takeaways
The global commercial laundry equipment market is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis shows that North America dominates the market currently owing to strong demand from laundromats, hospitality and healthcare sectors in countries like the US and Canada. The regional market is expected to grow at a CAGR of around 4% during the forecast period.
Key players operating in the commercial laundry equipment market are Hanger Inc., Ottobock, Blatchford Limited, WillowWood Global LLC, Fillauer LLC, Howard Orthopaedics Inc., Aether Biomedical, United Prosthetics, Advanced Arm Dynamic, TASKA Prosthetics, Steeper Inc., BioMetrics Prosthetic and Orthotic CT, Trulife, Open Bionics, SYNERGY PROSTHETICS, Motorica.Asia Pacific is expected to witness the fastest growth during the forecast period owing to rapid economic development, growing healthcare and textile industries in major countries like China and India. Rising demand from commercial laundries, hospitals and hotels will fuel market growth in the region.
Key players operating in the commercial laundry equipment market are Hanger Inc., Ottobock, Blatchford Limited, WillowWood Global LLC, Fillauer LLC, Howard Orthopaedics Inc., Aether Biomedical, United Prosthetics, Advanced Arm Dynamic, TASKA Prosthetics, Steeper Inc., BioMetrics Prosthetic and Orthotic CT, Trulife, Open Bionics, SYNERGY PROSTHETICS, Motorica. Key players focus on launch of innovative and smart products with enhanced processing capacities to consolidate their position in the market. They also focus on expanding their regional presence through partnerships and collaborations with local players.
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The Commercial Laundry Equipment market report has been well organized curated using industry-verified data to offer guidance concerned with the leading manufacturers and suppliers affianced in this sector.
It further focuses on their pricing analysis, gross revenue, product portfolio, sales network & distribution channels, profit margins, and financial estimation.
Regional assessment of Commercial Laundry Equipment market unlocks a superfluity of unexploited opportunities in regional and domestic market places.
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