Laundry Care Cabinets Market Size, Share, Growth, and Industry Growth by Material Type (Drying Cabinets, Steam Cabinets) By Application (Commercial, Household) Regional Forecast To 2031

Updated On: 01 April 2024

LAUNDRY CARE CABINETS MARKET REPORT OVERVIEW

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The global laundry care cabinets market size was USD 644.4 million in 2022 and the market is expected to USD 1184 million in 2031, with a growing a CAGR of 7.0 % during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with laundry care cabinets market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Clothing drying and cleaning cabinets are known as laundry care cabinets. The term "laundry" typically refers to the washing, drying, and ironing of fabrics and clothes. Since people have been doing laundry since they started wearing clothing, numerous academic fields are interested in the ways that other civilizations have approached this common human necessity. Work in the laundry room has historically been very sexist, with women often carrying out this duty (formerly known as laundresses or washerwomen). Laundry labour became more automated as a result of the Industrial Revolution, most notably with the invention of the washing machine and later the tumble dryer. Like cooking and childcare, laundry is still done at home and by businesses outside the house.

A drying cabinet is a modern electrical device used to speed up the drying of objects typically clothing that cannot be dried in conventional clothes drier. These goods may include comforters, boots, jackets, and delicate apparel that has been labelled "hang dry," "dry flat," or "do not tumble dry" on its wash instructions.

COVID-19 Impact: Pandemic-related Disruptions Impacted Market Dynamics

The COVID-19 pandemic had a favourable effect on the worldwide market in terms of customer demand and adoption of a variety of laundry care products. Due to consumers' rising awareness of the need of washing and disinfecting their houses and clothing to protect themselves and their family from the new coronavirus, the demand for laundry products has surged internationally as a result of COVID-19. In addition, rising disposable income and fast urbanisation resulted in significant infrastructure improvements, which in turn increased demand for laundry care products in the years to come resulting growth in laundry care cabinets market share.

LATEST TRENDS

"Expanding FMCG Sector to Bring Promising Opportunities"

One of the greatest industries in the world, fast-moving consumer goods (FMCG) fuel the growth of various businesses and brands. Sales of home care products including laundry detergent, hand sanitizers, and soaps are increasing as a result of rising disposable income and a growing need for vital and basic goods. Major firms in the laundry care business formed alliances with retail chains and e-commerce titans to take advantage of this opportunity and increase their client bases and worldwide awareness. Numerous homegrown and regional businesses carried on producing organic laundry detergents although some of the biggest manufacturing facilities in the world were disrupted and well-known brands battled to survive in the middle of the worldwide lockdown. To increase sales, they collaborated with online grocery and retail stores.

Sales of packaged laundry care products with bio-based, organic, and eco-friendly ingredients have surged because of increased social media usage and rising interest in sustainability, particularly among millennials. As a result, major businesses are concentrating on creative strategies to increase the safety of laundry care products. Therefore, using environmentally friendly packaging is expected to increase sales of laundry care items.

LAUNDRY CARE CABINETS MARKET SEGMENTATION

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• By type

Depending on laundry care cabinets material given are types, drying cabinets and steam cabinets. The drying cabinet type will capture the maximum market share through 2031.

• By Application

The market is divided in commercial and household based on users. The global laundry care cabinets market players in cover segment like household will dominate the market share during 2022-2031.

DRIVING FACTORS

"Technology Advancement And Portfolio Expansion Resulting In The Premiumization Of Products Driving Market Growth"

Players in the industry are bolstering their product mix by launching expensive variations of laundry care cabinets. Additionally, brands use a variety of materials to expand their product offerings. Through innovations in design, key companies and brands generate product distinctiveness and value proposition for potential and prospective customers. To differentiate products and broaden the product portfolio of different companies, essential messages are advertised for every material and design. The players are concentrating more on cutting-edge laundry care cabinets. Customers may choose from programmes like extreme dry, auto dry, auto regular dry, and warm towels according on their needs. The gadget appears little from the outside but is large within. Consumers may save a tonne of time, money, and energy thanks to the laundry care cabinet's features. To capture a sizable portion of the worldwide market for domestic laundry care cabinets, competitors are now entering the online retail space.

"Growing Demand For Environmentally Friendly And Sustainable Laundry Care Products Is Anticipated To Increase Market Growth"

The market for laundry care is anticipated to increase significantly in the approaching years because of the growing demand for environmentally friendly and sustainable laundry care products. The importance of living healthier lifestyles is expected to grow, and consumer worries about their health and hygienic living—including the need for clean clothes—will increase in the near future. The growing demand for organic and eco-friendly laundry care products has an impact on the sector. The potential to market eco-friendly and organic products is provided by this trend for important players of laundry care cabinets to boost its market size. This demand is anticipated to accelerate the development of organic laundry products and open new business prospects for market participants resulting in laundry care cabinets market growth. For instance, manufacturers are consistently releasing new goods that contain biodegradable substances like coconut oil, natural washing soda, and enzymes derived from plants and minerals.

RESTRAINING FACTORS

"Regulations That Are Too Strict Regarding Health Risks Might Limit Market Expansion"

The COVID-19 pandemic had a favourable effect on the worldwide market in terms of customer demand and adoption of a variety of laundry care products. Due to consumers' rising awareness of the need of washing and disinfecting their houses and clothing to protect themselves and their family from the new coronavirus, the demand for laundry products has surged internationally because of COVID-19. In addition, rising disposable income and fast urbanisation resulted in significant infrastructure improvements, which in turn increased demand for laundry care products in the years to come. The market expansion during the projected period may be constrained by strict laws about the adverse effects on health caused using these items, which are causing many firms to recall this product from the market. The COVID-19 pandemic has raised the need for the sector. The COVID-19 virus's widespread infection is increasing public awareness, which is fueling the laundry care cabinets market growth during the pandemic.

LAUNDRY CARE CABINETS MARKET REGIONAL INSIGHTS

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"Asia Pacific to Control Maximum Market Share Through 2031"

Due to the fact that the majority of laundry care products are used in this area, Asia Pacific controls the majority by collecting over 40% of the industry share. The expansion of this sector is also being fueled by expanding disposable income and population numbers. A growing working population, increasing economies like China and India, and rising spending on cleaning and laundry supplies are projected to propel the market throughout the forecast period. China is projected to continue to be a significant stakeholder in Asia Pacific due to the existence of a sizable population looking for rapid dry-cleaning and laundry care goods to preserve personal hygiene.

From 2022 to 2031, North America is anticipated to see a CAGR of 5.1%. This is supported by an increase in the demand for laundry care products. Furthermore, the market in this area is expanding primarily due to rising sales of environmentally friendly and sustainable laundry care products. It is also projected that a large working-population concentration and higher spending income in Canada and the US would further propel market growth.

The adoption of a healthy lifestyle and a rise in hygiene awareness have been significant drivers for the laundry care sector in the North American area over the past few years. Some of the key factors boosting household cleaner sales in the US include the well-established real estate sector, household spending, and the rise in housing units.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of Market Players Profiled

• Electrolux Professional
• Primus (Alliance Laundry Systems)
• Nimoverken
• ASKO (Gorenje Acquired by Hisense)
• PODAB
• LG
• Coway
• Samsung
• V-ZUG
• Staber

REPORT COVERAGE

This study examines a report with broad studies that describe the businesses in the market that have an impact on the forecasting period. By considering aspects including segmentation prospects, industrial advances, trends, growth size share, restrictions, and others, it provides a thorough analysis based on in-depth research. If the relevant market dynamics or important players change, this study may need to be modified.