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Advanced Commercial Laundry Machines Market | Acumen Research and Consulting

Advanced Commercial Laundry Machines Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Oct 2024

Report ID: ARC1213

Pages : 250

Format : Advanced Commercial Laundry Machines Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Summary Table of Content Customization Download Sample Infographics

The Global Advanced Commercial Laundry Machines Market Size accounted for USD 7.6 Billion in 2023 and is estimated to achieve a market size of USD 12.1 Billion by 2032 growing at a CAGR of 5.5% from 2024 to 2032.

Advanced Commercial Laundry Machines Market (By Capacity: 0-30 Kg, 31-50 Kg, 51 Kg & Above, Gesture Recognition, and IR Detection; By Product: Washing machines, Drying Machines; By End-use: Laundromats, Multi-housing, Hospitality, Schools & Universities, and Others and By Region: North America, Europe, Asia-Pacific, Latin America, and MEA)

Advanced Commercial Laundry Machines Market Highlights

  • The global advanced commercial laundry machines market is projected to reach USD 12.1 billion by 2032, with a CAGR of 5.5% from 2024 to 2032
  • North America's advanced commercial laundry machines market was valued at approximately USD 2.9 billion in 2023
  • The Asia-Pacific advanced commercial laundry machines market is expected to grow at a CAGR of over 6.3% from 2024 to 2032
  • The 51 kg & above capacity sub-segment accounted for 58% of the market share in 2023
  • The hospitality sector held 39% of the market share in the end-use segment in 2023
  • Growing adoption of automated laundry systems for improved productivity and labor savings is the advanced commercial laundry machines market trend that fuels the industry demand

Advanced Commercial Laundry Machines Market Dynamics

Advanced commercial laundry machines are high-capacity, industrial-grade washing, drying, and ironing machines designed for large-scale laundry operations. These machines have automated controls, customizable wash cycles, energy and water efficiency, and high-speed processing. They are commonly used in hotels, hospitals, laundromats, the textile industry, and major institutions where bulk laundry processing is required. Handling heavy linens, uniforms, medical materials, and enormous loads in a timely manner is one of its key applications. They also help to ensure hygiene and save operational expenses by using energy and resources efficiently.

Global Advanced Commercial Laundry Machines Market Dynamics

Market Drivers

  • Growing demand from the hospitality and healthcare sectors for high-efficiency laundry operations
  • Increasing adoption of energy-efficient and eco-friendly machines to reduce operational costs
  • Technological advancements, such as automation and IoT integration, enhancing machine performance and control

Market Restraints

  • High initial investment costs for advanced machines, limiting adoption by small businesses
  • Regular maintenance and repair costs due to the complexity of machinery
  • Space requirements for large machines can be challenging for businesses with limited operational areas

Market Opportunities

  • Rising demand for on-premise laundry services in emerging markets
  • Increasing adoption of green technologies for energy and water conservation in commercial laundries
  • Growth in the textile and uniform rental industries, driving demand for efficient and large-scale laundry solutions

Advanced Commercial Laundry Machines Market Report Coverage

Market Advanced Commercial Laundry Machines Market
Advanced Commercial Laundry Machines Market Size 2022

USD 7.6 Billion

Advanced Commercial Laundry Machines Market Forecast 2032 USD 12.1 Billion
Advanced Commercial Laundry Machines Market CAGR During 2023 - 2032 5.5%
Advanced Commercial Laundry Machines Market Analysis Period 2020 - 2032
Advanced Commercial Laundry Machines Market Base Year
2022
Advanced Commercial Laundry Machines Market Forecast Data 2023 - 2032
Segments Covered By Capacity, By Product, By End-Use, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Speed Queen, Alliance Laundry Systems Limited, Whirlpool Corporation, Miele & Cie. KG, Dexter Laundry Systems, Electrolux AB, IFB Appliances, BDS Laundry, LG Electronics Inc, and Domus Laundry, etc.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Advanced Commercial Laundry Machines Market Insights

Increased preference for smart washing technology and increased demand for advanced commercial laundry machines in laundromats are two of the factors that are predicted to drive up demand for advanced commercial laundry machines. Furthermore, the growing demand for laundromats in developing nations such as India and China is a major driver driving the global advanced commercial laundry machines market. The rise of technology advancements has altered the electronics industry, with the hospitality and multi-housing sectors making optimal use of energy-efficient and water-saving smart washing technologies. As a result, this factor is likely to generate growth prospects for important manufacturers around the world.

Furthermore, the use of advanced commercial laundry machines in multi-housing developments is increasing when compared to traditional laundry machines, which will have a favorable impact on the worldwide advanced commercial laundry machines market.

Furthermore, advancements in smart laundry technology and the use of the Internet of Things (IoT) are fast gaining acceptance, creating profitable prospects for key players in the worldwide advanced commercial laundry machines market.

The growing adoption of green technology for energy and water saving in commercial laundries opens up new markets for innovative commercial washing machines. According to Invest India, India has set a target of reducing the nation's carbon intensity by less than 45% by the end of the decade, achieving 50% cumulative renewable electric power installed by 2030, and reaching net-zero carbon emissions by 2070. India wants to install 500 GW of renewable energy capacity by 2030.

Advanced Commercial Laundry Machines Market Growth 2024 - 2032

Advanced Commercial Laundry Machines Market Segmentation

The worldwide market for advanced commercial laundry machines is split based on capacity, product, end-use, and geography.

Advanced Commercial Laundry Machine Market By Capacity

  • 0-30 Kg
  • 31-50 Kg
  • 51 Kg & Above

According to the advanced commercial laundry machines industry analysis, the 51 kg and above capacity category dominates the market due to its efficiency in processing huge volumes of laundry, making it perfect for industries with high laundry demand, such as hospitality, healthcare, and commercial laundromats. These machines provide increased operational efficiency, lowering time and personnel costs while maintaining consistent performance. Their capacity to process large loads in a single cycle considerably increases efficiency, making them an ideal solution for firms.

Advanced Commercial Laundry Machine Market Product

  • Washing Machines
  • Drying Machines
  • Pressing Machines

The washing machines segment dominates the advanced commercial laundry machines market due to their critical role in a variety of commercial settings such as hotels, hospitals, and laundromats. These machines provide great capacity, efficiency, and modern features like as automated controls, which save labor costs and energy usage. The increased need for sanitary and effective washing solutions, together with technical improvements, reinforces their market position.

Advanced Commercial Laundry Machine Market End-use

  • Laundromats
  • Multi-Housing
  • Hospitality
  • Schools & Universities
  • Hospitals & Care Homes
  • Public Sector
  • Others

According to the advanced commercial laundry machines market forecast, the hospitality industry dominates market because to the high demand for efficient and large-scale laundry solutions in hotels, resorts, and other lodging services. With a constant demand for fresh linens, towels, and uniforms, hospitality firms rely on commercial laundry machines to ensure fast turnaround times and spotless cleanliness. This steady demand has positioned the hotel sector to acquire 39% of the market share by 2023.

Advanced Commercial Laundry Machines Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Advanced Commercial Laundry Machines Market Drivers

Advanced Commercial Laundry Machines Market Regional Analysis

For several reasons, the North American region dominates the global advanced commercial laundry machines market, driven by increased demand from end-use sectors such as automotive, packaging, and textiles in emerging countries such as U.S., and Canada, and others. The large number of commercial laundry services, hotels, and healthcare facilities, as well as the significant demand for energy-efficient and automated washing solutions further contributes to the growth in forecast year.

Furthermore, the Asia-Pacific area is predicted to rise at a rapid CAGR due to the increasing popularity of laundromats in the region. The surge in popularity of laundromats can be attributed to rising electricity costs, an increase of working couples, and the change to apartment-style living in the Asia-Pacific region.

Advanced Commercial Laundry Machines Market Players

Some of the top advanced commercial laundry machines companies offered in our report include Speed Queen, Alliance Laundry Systems Limited, Whirlpool Corporation, Miele & Cie. KG, Dexter Laundry Systems, Electrolux AB, IFB Appliances, BDS Laundry, LG Electronics Inc, and Domus Laundry, etc.

Frequently Asked Questions

How big is the advanced commercial laundry machines market?

The advanced commercial laundry machines market size was valued at USD 7.6 billion in 2023.

What is the CAGR of the global advanced commercial laundry machines market from 2024 to 2032?

The CAGR of advanced commercial laundry machines is 5.5% during the analysis period of 2024 to 2032.

Which are the key players in the advanced commercial laundry machines market?

The key players operating in the global market are including Speed Queen, Alliance Laundry Systems Limited, Whirlpool Corporation, Miele & Cie. KG, Dexter Laundry Systems, Electrolux AB, IFB Appliances, BDS Laundry, LG Electronics Inc, and Domus Laundry, etc.

Which region dominated the global advanced commercial laundry machines market share?

North America held the dominating position in advanced commercial laundry machines industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of advanced commercial laundry machines during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global advanced commercial laundry machines industry?

The current trends and dynamics in the advanced commercial laundry machines industry include growing demand from the hospitality and healthcare sectors for high-efficiency laundry operations, increasing adoption of energy-efficient and eco-friendly machines to reduce operational costs, and technological advancements such as automation and IoT integration, enhancing machine performance and control.

Which capacity held the maximum share in 2023?

The 51 kg & above held the maximum share of the advanced commercial laundry machines industry.

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