Feb 23, 2024   SOURCE: BusinessWire

Commercial Laundry Machinery Global Strategic Business Report 2024: Market to Reach $9.3 Billion by 2030 - Travel, Tourism & Hospitality Industry Sets the Tone for Growth - ResearchAndMarkets.com

The "Commercial Laundry Machinery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Commercial Laundry Machinery Market to Reach $9.3 Billion by 2030

The global market for Commercial Laundry Machinery estimated at US$5.3 Billion in the year 2022, is projected to reach a revised size of US$9.3 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030. Washers, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Commercial Dryers segment is estimated at 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 9.6% CAGR

The Commercial Laundry Machinery market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion 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 5.3% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.

Key Attributes:

Report Attribute Details
No. of Pages 531
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $5.3 Billion
Forecasted Market Value (USD) by 2030 $9.3 Billion
Compound Annual Growth Rate 7.3%
Regions Covered Global

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 Market for Dry-Cleaning and Laundry Services (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
  • Global Economic Update
  • Competition
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 158 Players Worldwide in 2023 (E)
  • Commercial Laundry Machinery: Definition, Overview & Benefits
  • Influencer/Product/Technology Insights
  • Recent Market Activity
  • Innovations

MARKET TRENDS & DRIVERS

  • Resilient Outlook for 2024 for the Travel & Hospitality Industry, Despite Challenges, Bodes Well for Market Growth
  • Travel, Tourism & Hospitality Industry Sets the Tone for Growth of Commercial Laundry Machines: Global Travel, Tourism & Hospitality Market (In US$ Billion) For Years 2023, 2025, 2027, 2029 and 2031
  • Changing Hotel Housekeeping Practices to Benefit Demand for Commercial Laundry Machines
  • Smart Laundry Equipment Emerge Into the Spotlight
  • Self-Service Laundry/ Laundromat/Coin-Operated Machines Grow in Popularity
  • Shifting Consumer Behavior Towards Self Services Gives Coin Operated Laundry Machines a Fresh Lease of Life: Global Market for Self-Service Technologies (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
  • Hospitality Sector is the Largest End-User of Laundry Machines
  • Focus on Sustainability Pushes Eco-Friendly & Energy Efficient Laundry Machines & Laundry Chemicals into the Spotlight
  • Carbon Footprint of the Laundry Industry Comes Under the Scanner
  • As Global Pollution Continues to Rise, Sustainability Becomes a Central Theme in the Commercial Laundry Machines Market: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
  • Spurred On by Rising Healthcare Burden, Hospitals Emerge into One of the Fastest Growing End-Use Sectors
  • 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 Space. Here's How
  • Multi-Housing Laundries Rise in Prominence
  • The Laundry Automation Trend Gathers Momentum
  • Water Recycling & Water Efficiency for Commercial Laundries Becomes a Major Part of CSR Programs
  • Technology Innovations Remain Crucial for Sustained Growth
  • Preventive Maintenance of Laundry Machines Becomes a Mainstream Practice

FOCUS ON SELECT PLAYERS (Total 158 Featured)

  • LG Electronics, Inc.
  • Haier Group
  • Arcelik A.S.
  • GE Appliances
  • American Dryer
  • Dexter Laundry, Inc.
  • Fagor Industrial, S.Coop.
  • Girbau SA
  • JLA Ltd.
  • Chicago Dryer Company
  • Danube International SARL
  • Herbert Kannegiesser GmbH
  • Lavatec Laundry Technology GmbH
  • Fabcare Garments & Textile Machinery Private Limited
  • Electrolux Professional AB

For more information about this report visit https://www.researchandmarkets.com/r/rigr5v

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.