Advanced Commercial Laundry Market Size, Share, Growth, and Industry Analysis, By Type (0-30 Kg Capacity, 31-50 Kg Capacity and 51 Kg & Above Capacity), By Application (Laundromats, Hospitality, Hospitals and Care Homes), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Advanced Commercial Laundry Market Report Overview

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The global advanced commercial laundry market size was USD 5293.4 million in 2022 and is expected to reach USD 7404.84 million by 2031, at a CAGR of 3.8% during the forecast period.

"Advanced Commercial Laundry Machines" are technologically advanced and high-capacity laundry machines meant for commercial or industrial use. These machines are designed to handle enormous amounts of laundry and to suit the needs of commercial establishments such as hotels, hospitals, launderettes, and other enterprises that require efficient and dependable washing solutions. Innovative features and technology are frequently incorporated into advanced commercial laundry machines to improve performance, energy efficiency, and productivity. Programmable controls, high-speed spin cycles, advanced water and energy management systems, big capacity drums, automatic detergent and chemical dispensing systems, and numerous sensors for monitoring and optimizing the washing process are examples.

These machines are often designed to resist severe use while also providing durability, dependability, and flexibility to fulfil the different needs of industrial laundry operations. They are available in a variety of designs, including commercial washers, dryers, and combination units that can handle both washing and drying. Overall, advanced commercial laundry machines are meant to serve businesses that require heavy-duty laundry processing on a regular basis with efficient, cost-effective, and high-quality laundry solutions.

COVID-19 Impact: Adoption of Advanced Technologies to Hinder Market Growth

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The pandemic increased demand for modern commercial laundry machines in industries such as healthcare, hotels that house quarantined guests, and launderettes. Due to improved cleaning methods and measures, these institutions needed to maintain high hygiene standards while also handling greater volumes of laundry. The epidemic hastened the use of cutting-edge technologies in commercial laundry machines. To fulfil the higher hygiene requirements, businesses sought solutions that included touchless controls, automatic dosing of detergents and disinfectants, and extended disinfection cycles. The commercial laundry machine sector, like many others, suffered issues as a result of disruptions in the global supply chain. Manufacturing delays, component shortages, and logistical difficulties disrupted production and delivery timelines, causing some customer delays.

LATEST TRENDS

"Maintenance and Servicing to Enhance Market Growth"

The epidemic made commercial laundry machine maintenance and servicing challenging. Travel restrictions, lockdowns, and social segregation made it difficult for technicians to access customer sites for repairs and routine maintenance. This could lead to greater system downtime and longer response times for service calls. Because of the pandemic, some commercial washing enterprises had to change their business models. Hotels that witnessed a large drop in occupancy rates, for example, may have curtailed their laundry operations or outsourced their laundry needs to external service providers, impacting demand for advanced commercial laundry machines.

Advanced Commercial Laundry Market Segmentation

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• By Type

Based on type market is classified as 0-30 Kg Capacity, 31-50 Kg Capacity and 51 Kg & Above Capacity.

• By Application

Based on application market is classified as laundromats, hospitality, hospitals and care homes.

DRIVING FACTORS

"Increasing Demand for Hygiene and Cleanliness to Augment Market Growth"

The increased emphasis on hygiene and cleanliness in numerous areas such as healthcare, hospitality, and food service are driving demand for modern commercial laundry machines. To maintain high standards of cleanliness and prevent the danger of contamination, these industries demand effective laundry solutions. To manage the huge number of linens, towels, and other textiles in the hospitality business, including hotels, resorts, and vacation rentals, modern laundry equipment is required. The growing hotel industry, fuelled by increased travel and tourism, drives demand for commercial laundry machines. The healthcare business demands dependable and efficient laundry solutions that can handle a wide variety of linens, such as bedding, gowns, and scrubs, while adhering to high hygiene standards.

"Increasing Focus on Energy Efficiency to Propel Market Growth"

Energy efficiency is a major motivator in the commercial laundry machines market. Businesses are progressively implementing modern laundry equipment with energy-saving features, water management systems, and optimised wash cycles in order to cut operational costs and satisfy sustainability goals. Continuous technological breakthroughs in commercial laundry machines drive the industry. Manufacturers are incorporating automation, Internet of Things capabilities, remote monitoring, and data analytics into their machinery to improve efficiency, production, and maintenance. Government mandates and sustainability programmes push companies to invest in environmentally friendly and energy-efficient technology. This includes commercial laundry machines that use less water and electricity, as well as features that lessen environmental effect.

RESTRAINING FACTORS

"High Initial Investment Costs to Impede Market Expansion"

When compared to regular laundry equipment, advanced commercial laundry machines often require a higher initial investment. The cost of procuring and installing this equipment, as well as any associated infrastructure requirements, can be too expensive for certain firms, particularly small or budget-conscious ones. In some countries or developing markets, the adoption of modern commercial laundry machines may be limited. Lack of understanding, a lack of access to funding, and a preference for traditional or low-cost laundry solutions can all stymie market growth in these areas. To maintain optimal performance, commercial laundry machines frequently require specialised maintenance and servicing. However, access to competent technicians or service centres may be difficult, especially in remote or underserved locations. This can lead to longer repair and maintenance response times affecting the overall efficiency and uptime of the machines.

Advanced Commercial Laundry Market Regional Insights

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"North America to Dominate the Market Due to Energy Efficiency and Technical Improvements"

The North America market, notably the United States, has contributed significantly to the advanced commercial laundry market share. The region's hospitality business, healthcare sector, and laundromat market all fuel need for modern laundry equipment. Furthermore, the region's emphasis on energy efficiency and technical improvements boosts market growth. The region has a strong hospitality business and strict cleanliness requirements, which drives demand for innovative washing solutions. The region also prioritises sustainability and energy efficiency, which contributes to the development of innovative washing technologies.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Alliance Laundry Systems (U.S.)
• Samsung (South Korea)
• Electrolux AB (Sweden)
• Whirlpool Corporation (U.S.)
• IFB (India)
• Dexter Laundry Systems (U.S.)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.