Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Commercial Laundry Machinery: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Commercial Laundry Machinery estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 7.3% over the analysis period 2022-2030.
Washers, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$3.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Commercial Dryers segment is readjusted to a revised 7.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 9.6% CAGR
The Commercial Laundry Machinery market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$918.4 Million by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.
Select Competitors (Total 145 Featured) -
- Alliance Laundry Systems, LLC
- BOWE Textile Cleaning GmbH
- CMV Sharper Finish, Inc.
- Dexter Laundry
- EDRO Corporation
- Electrolux Professional AB
- Forenta LP
- Girbau S.A.
- IFB Appliances
- JLA Limited
- Kannegiesser E-Tech, Inc.
- Transform SR Brands LLC.
- LG Electronics
- Miele Inc.
- Pellerin Milnor Corporation
- Unipress Corporation
- Whirlpool Corporation
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 521 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.5 Billion |
| Forecasted Market Value (USD) by 2030 | $7.9 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Laundry: A Quickly Evolving Household Task That Has Become a Billion Dollar Industry
- Growing Global Opportunity for Laundry Services Creates a Parallel Market For Laundry Machines: Global Demand for Dry-Cleaning and Laundry Services (In US$ Million) for Years 2021, 2023 and 2025
- What's the Prognosis on the Pandemic? Here's What Everyone Should Know About the Dynamics of the Ongoing Multiwave Pandemic & Its Impact on the Economy
- After Omicron, Comes Stealth Omicron & Deltacron Fueling Fresh Waves of Infections Across the Globe
- With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
- With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of March 2022
- At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
- How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
- Split Scenarios Unfold: The Great Vaccine Divide Emerges
- With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022
- The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
- Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
- The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
- Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
- Dragging Pandemic, New Virus Strains, Fresh Societal Risks, Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
- Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Comes Into Play, Lowering Growth Expectations for 2022 & 2023: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
- Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
- New Bursts of Food & Energy Inflation Triggered by Russia-Ukraine War to Threaten Economic Recovery
- Competition
- Commercial Laundry Machinery - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Commercial Laundry Machinery: Definition, Overview & Benefits
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Changing Hotel Housekeeping Practices During Pandemic & in a Post-Pandemic World to Benefit Demand for Laundry Machines
- Smart Laundry Equipment & Service Technologies Emerge Into the Spotlight
- IoT Enabled Commercial Washing Machines Bring the Promise of Revolutionizing Machine Operation & Laundry Service Provision
- Self-Service Laundry/ Laundromat/Coin-Operated Machines Grow in Popularity Fueled by the Pandemic's No Contact Norm
- The Service Sector Welcomes the Era of Self-Service Convenience
- Piggybacking on the Self-Service Trend, Laundromats/Coin Operated Laundry Machines Become Popular
- Contact-Less Laundry Services Pick Up Pace Amidst the Covid-19 Pandemic
- Cautious Recovery of the Travel, Hospitality/Hotel Industry in 2022 & Beyond Bodes Well for Market Growth
- Hotels & Hospitality Industry is the Largest End-User of Laundry Machines
- Hopes for Recovery, Although Volatile to Spur Growth in the Hotels/Hospitality End-Use Sector
- Focus on Sustainability Brings Eco-Friendly & Energy Efficient Laundry Machines & Laundry Chemicals into the Spotlight
- Sustainability Becomes More Important than Ever. Here's Why
- The Time to Get Our Act Together & Move Towards a Circular Bioeconomy Has Come: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, & 2020
- Carbon Footprint of the Laundry Industry Comes Under the Scanner
- How is the Laundry Industry Responding?
- Spurred On by Rising Healthcare Burden, Hospitals Emerge into the Fastest Growing End-Use Sector
- Rise in Sales of Hospital Beds in Parallel to Bed Expansion in Hospitals Worldwide Brings Good News for Hospital Laundry Services & Machines: Global Market for Hospital Beds (In US$ Million) for Years 2021, 2023, 2025 and 2027
- AI Makes Its Mark in the Laundry Industry. Here's How
- Multi-Housing Laundries Rise in Prominence
- Technology Innovations Remain Crucial for Sustained Growth
- Preventive Maintenance of Laundry Machines Storms Into the Spotlight
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/upfi6k
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