The global commercial washing machine market was valued at more than $1 billion in 2015 and is expected to reach almost $2 billion by 2020, says Technavio.
Technavio has announced its latest market research report on commercial washing machines for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global commercial washing machines market during the forecast period. Some of the top vendors listed in this industry analysis include Alliance Laundry Systems, Continental Girbau, Dexter Apache Holdings, Electrolux, and Whirpool.
In terms of geographical analysis, Europe is expected to continue its domination over the global market and is expected to reach revenues of more than $589 million by 2020. The market’s growth in Europe during the forecast period will be fueled by the rising tourism activities in the region.
“Increased awareness and concerns about water scarcity are prompting vendors in the global commercial washing machine market to incorporate water saving technologies into their products. Microprocessors in washing machines control the water level in the machine by calibrating the requirement to each wash program. Some washing machines available in the market are designed specifically to reduce water consumption per cycle by almost 1/2 gallon per pound of wash capacity. The commercial washer extractor by Electrolux, for instance, saves energy and water by almost 50%,” says Abhay Sinha, a lead analyst at Technavio.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increase in number of laundromats and growth of online laundry services in APAC
The number of launderettes on the rise in many APAC countries. For instance, the popularity of coin laundries is increasing rapidly Japan owing to the increased number of dual-income households. One of the main reasons for the increase in female employment in Japan is the acute labor shortage. In India, the rise in dual-income households is fuelling the demand for commercial laundries. It is also causing a shift in preference to the convenience and quality laundry care. At present, the organized commercial laundry services segment comprises only 2%-3% of the laundry care industry in India but has a huge opportunity to expand. Many start-ups are being funded by venture capitalists and other funding companies to promote the commercial laundry services market in India.
Growth in tourism leading to increased demand for hotels
Globally, there has been a significant growth in the travel and tourism industry. The hotel industry is one of the major customers of the commercial laundry services market. An increasing number of hotel rooms will increase the number of linens for washing; on an average, a hotel gives 1,500 pieces of linen to laundries on weekdays. Thus, the projected increase in the number of hotel rooms will propel the demand for commercial washing machines among commercial laundry service providers.
High demand from healthcare industry
Hospitals, clinics, and nursing homes constitute a major client segment of commercial laundry service providers as they require regular washing of towels, bed sheets, and mop heads, among other items. Commercial laundry services provide high-speed washing and are cost efficient. To cater to the increased demand from the healthcare industries, commercial washing machine manufacturers are designing hygiene washers with a built-in sluice and disinfecting programs that reduce cross contamination from linen. Laundry facilities that are specially designed to serve hospitals and other healthcare service providers are being established worldwide. For instance, Advanced Laundry, an Abu Dhabi-based laundry service provider, has made exclusive arrangements for hospital linen. The company has installed commercial washing machines designed specially to reduce cross contamination from hospital linens.
Some of the other prominent vendors identified in this report are BÖWE, G.A. Braun, GE, R. Stahl, JLA, Lead Laundry and Catering, LG Electronics, Miele Company, Pellerin Milnor, Renzacci, Schulthess Maschinen, Shanghai Shenguang Laundry Machinery Group, and Stefab.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Washing Machine Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Washing Machine Market in the US 2016-2020
- Global Smart Connected Washing Machine Market 2016-2020
- Global Gas Dryer Market 2016-2020
- Connected Home Appliance Market in the US 2016-2020
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