Commercial laundry equipment are designed for washing clothes and linens automatically. This laundry equipment includes dry cleaning equipment, commercial dryers, presses, and washers. Commercial laundry equipment offers laundry solutions to various industry verticals such as healthcare, educational, hospitality, and service industries. The popularity of commercial laundry equipment is expected to grow significantly, owing to its several benefits such as less equipment downtime and repair, easy to control, low energy consumption and labor costs, durability, reliability, and high efficiency. The commercial laundry equipment is divided into three types such as coin laundry, on-premise laundry, and multi-housing laundry.
Increasing demand for efficient on-premise commercial laundry equipment in healthcare industry is one of the major factors expected to drive the market growth of the commercial laundry equipment
The commercial laundry equipment is adopted by many healthcare facilities, nursing homes, and hospitals across the globe, owing to its benefits such as better efficiency, high durability, reliability, low operational cost, and low cost of maintenance over the long term. Laundries in hospitals, nursing homes, outpatient facilities, and other `medical facilities have more number of laundries to be cleaned and it is necessary to maximize efficiency in their cleaning processes, which is expected rise demand for commercial laundry equipment. Moreover, hospitals and care facilities requires to monitor number of patients as this will have a significant impact on their laundry operations. The commercial laundry equipment offers consistency in operations, optimal water temperatures to use several detergents, cleaning chemicals, and disinfectants. This are the factors, which is expected to drive demand for commercial laundry equipment, which in turn is expected to drive growth of the market over the forecast period. However, high cost of installation and high cost of replacement are some of the major factors that are expected to restrain the market growth over the forecast period.
Global Commercial Laundry Equipment Market: Taxonomy
On the basis of product type, commercial laundry equipment market is segmented into:
On the basis of capacity, commercial laundry equipment market is segmented into:
On the basis of equipment, commercial laundry equipment market is segmented into:
On the basis of end use, commercial laundry equipment market is segmented into:
On the basis of region, commercial laundry equipment market is segmented into:
Global Commercial Laundry Equipment Market: Regional Insights
On the basis of region, the global commercial laundry equipment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Furthermore, in terms of revenue in 2018, North America held the largest market share for commercial laundry equipment market, The U.S. was the leading market in the North America in 2018. The growth in the U.S. was mainly attributed to increasing multi-housing projects. For instance, according to the U.S. Department of Housing and Urban Development, in 2018, the number of residential projects was 1.26 million units in the U.S., which increased by over 3% from 2017. Commercial laundry machines are deployed in multi-housing projects that include apartments, residential societies, condominiums, universities, and dorms. Hence, the rising number of multi-housing projects is expected to propel demand of the commercial laundry equipment in these projects over the forecast period.
Furthermore, Asia Pacific is expected to witness significant growth over the forecast period in the global commercial equipment market, owing to the rising disposable income and increasing popularity of laundromat in the emerging economies such as China and India. For instance, according to the National Bureau of Statistics (NBS), in 2018, China's per capita disposable income was valued at US$ 4,165, which increased by 6.5% from the previous year.
Global Commercial Laundry Equipment Market: Competitive Landscape
Some of the major players operating in the global advanced commercial laundry machines market are Alliance Laundry Systems Limited, Samsung, Electrolux AB, American Dryer Corporation, EDRO Corporation, CMV Sharper Finish, Inc., Whirlpool Corporation, IFB, GE Appliances Qualitex, Unipress Corporation, and Dexter Laundry Systems among Others.