Laundry Folding Robots Market Size, Share, Growth, and Industry Analysis, By Type (Fully-automatic and Half-automatic), By Application (Residential and Commercial), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Laundry Folding Robots Market REPORT OVERVIEW

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The global laundry folding robots market size was USD 3911.6 million in 2022 and market is projected to touch USD 16865.56 million by 2031, exhibiting a CAGR of 17.6% during the forecasting period.

The sudden spike in CAGR is attributed to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Laundry folding robots are machines that fold clothes. They are important because they save time and energy. These robots are mostly called laundroid. Laundroid, which resembles a mirrored PAX wardrobe more than a robot from a science fiction film, includes a deep bottom drawer where you can easily place your clean clothing. After that, a mechanical arm inserted into the closet's back sorts, folds, and places clothing on the proper shelf. Laundroid utilises image analysis to recognise clothing and fold and sort it accordingly after one set preference for how they want their clothing arranged in the companion app. All of this background technology adds up to the ideal workflow that clients have desired.

 The commercial segment is anticipated to increase significantly over the course of the forecast period as a result of rising demand from a variety of industries, including the textile and hospitality sectors, hospitals, hotels, and restaurants. Robots that can fold numerous items of laundry at once with high efficiency and while saving time and energy are frequently utilised in commercial settings. In addition, half-automatic laundry folding robots are also gaining popularity in the commercial sector as they have fewer moving parts which increases their lifespan and reduces maintenance cost significantly over the long term. Laundry folding and sorting are performed by the semi-automatic robots. With the assistance of arms, these devices' mechanical systems move garments from one position to another. These systems can be manually managed by an adult or computerised to function automatically. The product comes in a variety of sizes, shapes, and colours, so there are numerous options accessible depending on what the buyer needs.

COVID-19 Impact: Temporary Shut Dow of Industry due to Government Regulations to Hinder Market Growth

The COVID-19 outbreak has had a significant impact on the manufacturing sector, and manufacturers of laundry folding robots market are not an exception. Many have seen significant disruptions in their manufacturing and supply chains, and many of their customers are also experiencing problems with their operations. The crisis has put tremendous strain on global supply systems, which has made it more challenging to source supplies. Due to continuous lockdown and government restrictions the manufacturing plant was shut down for a long time which severely affected the market’s performance and sale. To lessen the likelihood that future calamities would interrupt supply chains, manufacturers had to emphasise creating resilient ones. Additionally, manufacturers boosted their investment in IT infrastructure and automation technology to sustain production levels while lowering danger to their workers. This might help companies who make such devices.

LATEST TRENDS

"Automation of Robots to Enhance Market Performance"

Laundry job is automated with fully robotic laundry folding robots. These devices are capable of automatically detecting and folding clothing. The completely automatic sector is anticipated to expand over the course of the projection period due to an increase in small household usage as well as widespread large-scale commercial laundry use. There are two different types of fully automatic dryers, known as dryers with folding arms.

Laundry Folding Robots Market SEGMENTATION

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• By Type

Based on type; the market is divided into fully-automatic and half-automatic.

In terms of product, fully-automatic is the largest segment.

• By Application

Based on application; the market is divided into residential and commercial.

In terms of application, residential is the largest segment.

DRIVING FACTORS

"Adoption of Robots in Healthcare to Propel Market Growth"

As they serve to lower the danger of infection when handling garments manually, the healthcare industry is seeing an increase in demand for laundry robots. Additionally, as they reduce labour costs and save time, the hospitality industry has seen an increase in demand for laundry folding robot. Older people are unable of doing their own laundry. These robots assist the elderly while saving time and resources. This is anticipated to augment laundry folding robots market growth.

"Increased Research and Development Programmes to Promote Market Growth"

The market has benefited from top manufacturers stepping up their research and development efforts to introduce cutting-edge features in laundry folding robot. This is one of the reasons why robotic automation is becoming more and more popular across different industrial sectors. Over the course of the forecast period, it is anticipated to propel the expansion of the global market for laundry folding robots.

RESTRAINING FACTORS

"Complex Iterations of the Robots to Strain Market Performance"

The robot's current iteration is also agonisingly sluggish. Laundry folding robots would need to be used nightly in order to be useful for daily tasks, and although while it was extremely silent on the CES exhibit floor, this isn't a good indicator of how noisy it would be in a typical home.

Laundry Folding Robots Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market due to Rising Investments in the Market"

The global laundry folding robots market share was led by Asia Pacific. Over the course of the prediction, the region is anticipated to maintain its supremacy. This is because there is a huge demand for completely automatic folding machines as a result of rising investments by major companies in developing nations like China and India. Furthermore, this region's commercial laundry industry has expanded rapidly due to rising disposable income levels and expanding urbanisation, which has increased product demand. Due to changing lifestyles and a rise in consumer awareness of energy conservation, people are spending more money on domestic tasks like laundry folding robots than they are on entertainment or eating out at restaurants or hotels.

KEY INDUSTRY PLAYERS

"Rising Revenue Generated by the Potential Market Players to Boost Market Growth"

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

List of Market Players Profiled

• FoldiMate (U.S.)
• Seven Dreamers (Japan)
• Panasonic (Japan)

INDUSTRY DEVELOPMENT

"January, 2020": To draw clients, Seven Dreamers Laboratories, Panasonic, and Daiwa House introduced a new style of launderette that was more time and money efficient. Due to the fantastic job the robot did folding the garments, the firms' joint debut at the CEATEC consumer electronics show in Tokyo was a big success.

REPORT COVERAGE

The report examines market channels of laundry folding robots and provides information on the elements affecting probable future global development. Additionally, the report looks at market size and share, regional trends, end-use categories, and market segments. It emphasises the importance of outlining an exhaustive regional analysis. The Global laundry folding robots market study also carried out a sector analysis to comprehend the key driving factors and entry barriers of the market. The paper also offers suggestions on how businesses might strengthen their market positions in light of significant alterations in the market dynamics.