Press release
Advanced Commercial Laundry Machines Market Set to Exhibit Momentous Revenue Share at US$ 9,392.6 Million by 2026 || Key Players - Alliance Laundry Systems Limited, Samsung, Electrolux AB, Whirlpool Corporation, IFB, Dexter Laundry Systems
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This report analyzes and forecasts the market for advanced commercial laundry machines at the global and regional levels. The market has been forecast in terms of revenue (in US$ Mn) from 2019 to 2027. The study includes drivers and restraints of the global market. It also covers the anticipated impact of these drivers and restraints during the forecast period.
The global advanced commercial laundry machines market is expected to reach value of US$ 9,392.6 Mn by 2026. The market is projected to expand at a CAGR of 6.66% from 2019 to 2027.
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The report comprises detailed ecosystem analysis, which provides a comprehensive view of the global advanced commercial laundry machines market. Porter’s five forces model has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein capacity and end-use segments have been benchmarked based on their market size, growth rate, and general attractiveness.
This research study on the global advanced commercial laundry machines market provides detailed analysis based on capacity and end-use segments of the market. Based on capacity, the market has been segmented into 0–30 Kg, 31–50 Kg, and 51 Kg & above. Based on end-use, the market has been divided into laundromats, hospitality, hospitals & care homes, multi-housing, schools & universities, public sector, and others. The multi-housing segment is expected to expand at a rapid pace throughout the forecast period, owing to increase in the number of multi-housing projects in the U.S. as well as developing economies such as China and India. According to the Bureau of Labor Statistics, in 2017, the total annual spending on new multi-family housing construction in the U.S. stood at US$ 62.6 Bn, which is 3.8 times the amount spent in the post-recession trough of 2010.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, and Factiva.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews conducted for each market segment and sub-segment across geographies. TMR conducts primary interviews on an ongoing basis with market participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and market outlook. These help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding.
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The report covers well-established players operating in the global advanced commercial laundry machines market including Alliance Laundry Systems Limited, Samsung, Electrolux AB, Whirlpool Corporation, IFB, and Dexter Laundry Systems. These established players are engaged in the development of innovative advanced commercial laundry machines and their introduction in the market. For instance, in September 2018, AB Electrolux launched a new range of built-in washing machines and washers/dryers under its three brands: Electrolux, AEG, and Zanussi. The capacity of this new range of machines is increased by 8 Kg compared to the old range and they have increased durability. Furthermore, established players are forming strategic partnerships in order to gain market share. For instance, in November 2018, IFB Industries Limited, a leading company based in India, acquired the commercial laundry equipment manufacturing business of Ramsons Group, a prominent player in the laundry business in Asia Pacific. The advanced commercial laundry machines market has been segmented as follows:
Global Advanced Commercial Laundry Machines Market, by Capacity
0–30 Kg
31–50 Kg
51 Kg & Above
Global Advanced Commercial Laundry Machines Market, by End-use
Laundromats
Hospitality
Hospitals & Care Homes
Multi-housing
Schools & Universities
Public Sector
Others
Global Advanced Commercial Laundry Machines Market, by Geography
North America
U.S.
Canada
Rest of North America
Europe
U.K
Germany
France
Rest of Europe
Asia Pacific (APAC)
India
Australia
Japan
China
Rest of APAC
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA
South America
Brazil
Rest of South America
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