The global commercial dryer market was valued at more than $933 million in 2015 and is expected to reach almost $1412 billion by 2020, says Technavio.
Technavio has announced its latest market research report on commercial dryers 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 dryer market during the forecast period. Some of the top vendors listed in this industry analysis include Alliance Laundry Systems, Dexter Apache Holdings, Continental Girbau, Electrolux, and Whirpool.
In terms of geographical analysis, Europe is likely to continue its domination over the global market and is expected to reach revenues of around $ 416 million by 2020. The presence of several commercial dryer manufacturers such as Primus, Electrolux, Continental Girbau, IPSO (a subsidiary of Alliance Laundry Systems), and LG is a key incentive for the growth of the market in this region.
“Many laundry service providers in the market are leveraging online services and mobile apps to attract more customers by increasing their convenience. ZipJet, a mobile app-based laundry service provider, offers laundry service and returns clothes within six hours. It operates in Berlin, Germany; London, UK; and Dublin, Ireland. At present, more than 20 new companies have entered the online laundry services market in India, and the competition is expected to increase in the future,” say Brijesh Kumar Choubey, 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.
Growing need for energy-efficient electric dryers
Energy efficiency is an important factor that’s taken into consideration during the purchase of electronic appliances. Consumers across the globe prefer purchasing energy-efficient dryers that prevent the energy wastage and save money on utility bills. Manufacturers in the global commercial dryers are increasingly launching energy efficient dryers in the market to meet the change in consumer demand. For instance, the Commercial Laundry Energy Advantage 75-Pound on-premises dryers from Maytag, a commercial appliance brand from Whirlpool, include 100% axial airflow. Furthermore, rebates offered by government authorities on ENERGY STAR certified commercial dryers encourage commercial laundry providers to select energy-efficient dryers.
Growth of laundromat and online laundry services in APAC
APAC countries are witnessing an upsurge in the number of laundromat and online laundry service providers. Especially in Japan, the popularity of coin laundries is increasing at a rapid rate due to the increased number of dual-income households. In India, the increase in the number of dual-income households has contributed to the growth in the demand for laundromats. It has also prompted people to prefer the convenience and quality of commercial laundry services. The increase in the adoption of commercial laundry services in these emerging markets is expected to propel the demand for commercial dryers in the market by 2020.
Increasing demand from healthcare industry
Hospitals, clinics, and nursing homes are some of the key clients of the commercial laundry services. Healthcare service providers depend on commercial laundry services to clean towels, rugs, bed sheets, and mop heads. Driven by the demand for high-speed and cost-efficient laundry care, the requirement for commercial laundry services from the healthcare sector is increasing rapidly with the rising incidences of chronic diseases, increasing aging population, and growing healthcare spending. Laundry facilities, specially designed to serve hospitals and other healthcare service providers, are being established worldwide. For instance, UAE-based Advanced Laundry has made exclusive arrangements for hospital linen by installing commercial laundry equipment designed especially to reduce the cross contamination from the various hospital linens.
Some of the other prominent vendors identified in this report are BÖWE Textile Cleaning, G.A. Braun, GE, JLA, Lead Laundry and Catering, LG Electronics, Miele Company, Pellerin Milnor, Renzacci, Schulthess Maschinen, Shanghai Shenguang Laundry Machinery, Stahl Wäschereimaschinen, 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 Dryer 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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