Market Definition
The Commercial Washing Machine Market size was valued at USD 33.20 billion in 2023, and is predicted to reach USD 45.18 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. A commercial washing machine is a type of laundry equipment that designed specifically for use in commercial environments, such as hotels, hospitals, schools, and laundromats. These machines are typically larger and more heavily built than consumer-grade washing machines, hence are capable of handling larger loads of laundry in a single cycle.
Commercial washing machines are also designed to be more durable and able to withstand the constant use that they are subjected to in a commercial setting. They may have additional features and capabilities that are not found on consumer-grade washing machines, such as the ability to handle heavy or specialty fabrics, or to process large amounts of laundry quickly and efficiently.
Market Dynamics and Trends
The demand for commercial washing machines is increasing, owing to the rise in demand for laundry services in various sectors, such as hospitality, healthcare, and commercial laundries. As the need for these services grows, there is a corresponding increase in demand for commercial washing machines to support these operations. In addition, advancements in washing machine technology has led to development of more efficient and cost-effective commercial washing machines, which is further boosting the market growth.
Moreover, growth of the tourism industry across the globe has resulted in the need for commercial washing machines in hotels, resorts, and other hospitality sectors to maintain hygiene, thus accelerating growth of the market. According to The United Nation World Tourism Organization (UNWTO) as of September 2022, around 700 million tourists traveled internationally between January and September, which is more than double the number recorded for the same period in 2021.
However, high cost of these machines, which can be a barrier for smaller businesses and laundromats, along with high installation and maintenance cost of commercial washing machines restrain the market growth.
On the other hand, many commercial washing machines now come with a range of advanced features, such as multiple wash cycles, advanced control systems, and the ability to connect to a water supply and drain system. These features allow businesses to customize the washing process to meet their specific needs and improve efficiency, which is expected to create growth opportunities for the market.
Market Segmentation and Scope of Study
The global commercial washing machine market is segmented on the basis of product, capacity, technology, application, end user, and geography. By product, the market is classified into fully automatic, semi-automatic, and dryers. By capacity, it is segmented into below 6 kg, 6.1 to 8 kg, and above 8 kg. On the basis of technology, it is categorized into smart connected washing machine and conventional washing machine. By application, the market is divided into healthcare, hospitality, and others. By end user, the market is bifurcated into commercial and residential. Geographical breakdown and analysis of each of the aforesaid classifications include regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Geographical Analysis
Asia-Pacific dominates the global commercial washing machine market and is potently expected to remain dominant in throughout the forecast period. This is attributed to rise in number of hotels and hospitals in Asian countries, such as India, China, and Japan. Moreover, the growing tourism industry in the region is leading to rise in demand for commercial washing machines.
According to the World Travel & Tourism Council, the travel and tourism market size in Asia-Pacific reached a value of USD 164 billion in 2021. In addition, increase in disposable income of people in Asia-Pacific is leading to rise in demand for quality laundry services. This is leading to increase in number of commercial washing machines being used by various businesses.
In addition, North America is expected to show a substantial growth in the global commercial washing machine market, owing to increase in awareness regarding hygiene. With the rise in infectious diseases, people in the US have become more aware of the importance of hygiene. This has resulted in an increased demand for commercial washing machines.
Moreover, the US has seen a rapid rise in urbanization, with people moving from rural to urban areas for better job opportunities, employment, and lifestyle. This has resulted in an increased demand for commercial washing machines in urban areas, as residential households require efficient laundry solutions for daily needs.
Competitive Landscape
The market players operating in the DevOps market include Girbau, AB Electrolux. Alliance Laundry Systems LLC., Godrej Group., IFB Industries Limited, LG Electronics Inc., MIRC Electronics Limited, Panasonic Corporation, Robert Bosch GmbH, and Whirlpool Corporation. These players are adopting various strategies such as product launch to maintain their dominance in the global commercial washing machine market.
For instance, in July 2022, Girbau, launched new range of intelligent, sustainable washing machines, GENIUS, which represents a revolution in the professional laundry sector. The new line of GENIUS washing machines leverages more than 60 years of experience and innovating new technologies, offering the most advanced technological innovations to provide solutions that meet the needs of every customer.
Moreover, in September 2020, LG Electronics launched the first commercial laundry reference store in Buruburu introducing the company’s range of commercial washers and dryers in Kenya. This store is designed to provide customers business ideas and insights into LG’s Commercial Laundry System.
KEY BENEFITS
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The report provides quantitative analysis and estimations of the commercial washing machine market from 2024 to 2030, which assists in identifying the prevailing market opportunities.
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The study comprises a deep dive analysis of the commercial washing machine market including the current and future trends to depict prevalent investment pockets in the market.
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Information related to key drivers, restraints, and opportunities and their impact on the commercial washing machine market is provided in the report.
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Competitive analysis of the players, along with their market share is provided in the report.
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SWOT analysis and Porters Five Forces model is elaborated in the study.
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Value chain analysis in the market study provides a clear picture of roles of stakeholders.
KEY MARKET SEGMENTS
By Product
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Fully Automatic
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Semi-Automatic
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Dryers
By Capacity
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Below 6 kg
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6.1 to 8 kg
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Above 8 kg
By Technology
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Smart Connected Washing Machine
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Conventional Washing Machine
By Application
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Healthcare
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Hospitality
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Others
By End User
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Commercial
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Residential
By Geography
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North America
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The U.S.
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Canada
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Mexico
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Europe
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The UK
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Germany
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France
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Italy
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Spain
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Denmark
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Netherlands
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Finland
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Sweden
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Norway
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Russia
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Rest of Europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Australia
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Indonesia
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Singapore
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Taiwan
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Thailand
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Rest of Asia Pacific
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RoW
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Latin America
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Middle East
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Africa
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REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 33.20 Billion |
Revenue Forecast in 2030 |
USD 45.18 Billion |
Growth Rate |
CAGR of 4.5% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
Rise in demand for laundry services in various sectors, such as hospitality, healthcare, and commercial laundries. Growth of the tourism industry across the globe. |
Countries Covered |
28 |
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |