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Commercial Laundry Machinery - Global Market Trajectory & Analytics

  • ID: 2832318
  • Report
  • September 2020
  • Region: Global
  • 478 Pages
  • Global Industry Analysts, Inc
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The global market for Commercial Laundry Machinery is projected to reach US$5.7 billion by 2025, driven by the robust growth and evolution of the lodging services and travel accommodation market. Few of the factors driving growth of travel, tourism, lodging and hotel industry include rising volumes of international tourism and domestic vacations supported by rising incomes and falling airline fares; increased infrastructural developments; increased use of digital tools for flight and accommodation booking in a manner that makes the process cost-effective, easy and convenient. Government initiatives are turning Asian countries into hot tourist destinations. For instance in India, the country`s inherently rich cultural and historical heritage, ecological variety, and places of scenic beauty are being developed to encourage both domestic and outbound tourism. A strong lodging services and travel accommodation market in turn leads to increased use of commercial laundry services. Laundry needs of the hospitality industry are huge. Bedding, bath towels and table linens are required to be kept clean and fresh at all times. Increased frequency of guest visits/guest footfalls means more dirty linen to wash and requires on-demand scalability of laundry operations. The importance of clean and quality linen in the hotel industry cannot be undermined. Good quality towels and bed linen plays over a 90% role in influencing the satisfaction and overall experience of hotel guests. Stained or poor quality bed linen increases the risk of losing repeat customers by over 95%, drastically reducing the likelihood of customers booking a room with the hotel in the future.

However, maintaining in-house laundry care operations is expensive, given the rising cost of labor. Economically unsustainable wage growth is quickly becoming a threat to competitiveness of the hotel industry. This high cost of labor is resulting in the switch from internal operations to outsourced services. Over 65% to 70% of hotels are outsourcing washing of their bed linen and towels to a laundry service provider. The scenario provides the perfect platform for increased installation of commercial laundry machines by service providers to meet the growing demand for, and increase in laundry care contracts. Few of the noteworthy trends in the market include growing focus on environmental health and the ensuing rise in interest in energy-efficient, eco-friendly water-saving machines; increased spending by hotels on amenities like cleaning and housekeeping services; technology improvements such as washer-extractors with high g-force extraction and tumbler-dryers with over-dry prevention; demand for machines with temperature and moisture control sensors that prevent damage to delicate fabric and ensure safe laundering of clothes; development of laundry machines capable of heating water to a temperature as high as 190 degrees to eliminate bacteria and dust mites from laundry in response to deep cleaning needs. The United States and Europe represent large markets worldwide with a combined share of 64.8% of the market. The launch of new laundry equipment with innovative features such as enhanced water conservation, energy efficiency, speed, compactness and automated-operation capabilities will encourage replacement demand growth in the developed markets. China ranks as the fastest growing market with a CAGR of 7.4% over the analysis period supported by under-penetration of laundry services and untapped opportunity for growth against the backdrop of the expanding base of upwardly mobile middle class population and their increasing aspirational spending guided by changing perceptions of comfort, convenience and wellness. Other major factors driving growth in the country include rapid urbanization; development of Chinese tourism, rise of medical tourism; and increased establishment of commercial laundry facilities.

Competitors identified in this market include, among others:
  • Alliance Laundry Systems, LLC
  • American Dryer Corp.
  • BÖWE Textile Cleaning GmbH
  • CMV Sharper Finish, Inc.
  • Dexter Apache Holdings, Inc.
  • Dexter Laundry, Inc.
  • EDRO Corporation
  • Forenta LP
  • GE Appliances
  • Girbau S. A.
  • Hoffman/New Yorker, Inc.
  • JLA Limited
  • Miele Inc.
  • Pellerin Milnor Corporation
  • Qualitex Company
  • Shanghai Sailstar Machinery (Group) Co., Ltd.
  • Unipress Corporation
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • An Introduction to Commercial Laundry Machinery
  • Commercial Laundry Machinery: Current Market Scenario and Outlook
  • Factors Affecting Consumer Purchases
  • While Developed Regions Remain Dominant Consumers, Developing Regions Extend Robust Growth Opportunities
  • World Commercial Laundry Machinery Market (2019 & 2025): Percentage Breakdown of Dollar Sales for Developed and Developing Regions
  • World Commercial Laundry Machinery Market - Geographic Regions Ranked by CAGR (Value Sales) for 2018-2025: China, Asia-Pacific, Latin America, Rest of World, Canada, USA, Europe, and Japan
  • Segmental Analysis
  • Washing Machines: Largest Product Segment
  • Top-Loading Washers Vs. Front-Loading Washers
  • Top-Loading Washers: Overview, Advantages and Limitations
  • Front-Loading Washers: Overview, Advantages and Limitations
  • Washer-Extractors, the High-Capacity Washing Machines, Emerge in the Market
  • Commercial Dryers Segment Continues to Make Gains
  • Dry Cleaning Equipment Segment Exhibits Fast Paced Growth
  • Role & Importance of Commercial Laundry Presses Remains Intact
  • Market for Presses & Finishing Equipment: Characterized by Regional Variations
  • Commercial Wet Ironing Machines: An Overview
  • COMPETITIVE SCENARIO
  • Leading Players in the World Commercial Laundry Machinery Market
  • Vendors Emphasize Service Vertical to Maintain Client Base
  • Global Competitor Market Shares
  • Commercial Laundry Machinery Competitor Market Share Scenario Worldwide (in %): 2019
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Alliance Laundry Systems, LLC (USA)
  • BÖWE Textile Cleaning GmbH (Germany)
  • CMV Sharper Finish, Inc. (USA)
  • Dexter Apache Holdings, Inc. (USA)
  • Dexter Laundry (USA)
  • EDRO Corporation (USA)
  • Electrolux Professional AB (Sweden)
  • Forenta LP (USA)
  • Girbau S.A. (Spain)
  • Hoffman/New Yorker, Inc. (USA)
  • IFB Appliances (India)
  • JLA Limited (UK)
  • Kannegiesser E-Tech, Inc. (USA)
  • Kenmore (USA)
  • LG Electronics (South Korea)
  • Miele Inc. (USA)
  • Pellerin Milnor Corporation (USA)
  • Qualitex Company (USA)
  • Shanghai Sailstar Machinery (Group) Co., Ltd. (China)
  • Unipress Corporation (USA)
  • Whirlpool Corporation (USA)
3. MARKET TRENDS & DRIVERS
  • Hotels: Major Consumers of Commercial Laundry Machinery
  • On-Premise Laundry for Hotel Industry: Percentage Breakdown of Operating Cost by Cost Component
  • Booming Lodging Services & Travel Accommodation Market Leads to Increased Use of Commercial Laundry Machinery in Hotels
  • Global Travel Accommodation Market (In US$ Billion) for the Years 2018, 2020, 2022, 2024, & 2026
  • International Tourist Arrivals by Geographic Region (2018): Breakdown of Number of Arrivals (in Millions) for Europe, Asia-Pacific, Americas, Africa, and the Middle East
  • Leading Tourist Destinations Ranked by International Tourism Receipts (in US$ Billions) for the Year 2018
  • Leading Tourist Destinations Ranked by International Tourist Arrivals (in Millions) for the Year 2018
  • International Tourist Arrivals by Purpose of Journey (2018): Percentage Breakdown of Number of Inbound Tourists for Holidays, Leisure & Recreation, Business & Professional, and Others
  • Healthcare Sector Emerges as New Growth Vertical
  • Widening Opportunities Beyond Hotels and Hospitals Enthuse Commercial Laundry Machinery Market
  • Industrial Entities & Fire Stations Prioritize Commercial Laundry Machinery for Clean PPE
  • Sustained Demand from Prisons & Correctional Facilities Segment
  • Linen Rental Businesses: Niche Segment
  • Waterparks Rely on On-Premise Units to Handle High-Volume Laundry Needs
  • Athletic Facilities, Gyms and Sports Organizations
  • Salons and Spas
  • Rising Demand for Laundromat Services Augments Market Prospects
  • Growing Importance of Multi-Housing Laundries Augurs Well
  • Robust Demand for Dry Cleaning Services Enhances Overall Demand
  • Amid Regulatory Curbs on PERC Usage, PERC Alternatives Proliferate Dry Cleaning Domain
  • Select Alternatives to PERC and TCE that Perform Effectively in Textile Cleaning
  • A Note on Anti-PERC Regulations
  • Technology Innovations & Advancements Sustain Momentum in Commercial Laundry Machinery Market
  • Latest Models Emphasize Automation, IoT and Wireless Connectivity Needs of Clients
  • New Textile Materials Necessitate Amendments to Laundry Technology
  • A Look Into Select Advanced Capabilities of Commercial Laundry Machines
  • A Review of Select Recently Launched Commercial Laundry Solutions
  • High Speed Laundry Machines with Shortened Cycle Time Come to the Fore
  • Fast Growing Demand for Energy-Efficient, Green Laundry Technologies
  • Low Water Consuming Laundry Machines Make a Cut
  • Polymer Bead Cleaning: The New High-Tech Water Saving Laundry Technology
  • Replacement Demand Supplements Overall Sales Volume
  • Life Span of Select Commercial Laundry Machinery
  • Impact of Regulations and Legislations on Commercial Laundry Machinery Business
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • The United States: Major Market for Commercial Laundry Machinery
  • Buoyed by Healthy Travel & Tourism Volumes, Hotel Industry Remains Major Consumer
  • Travel Expenditure in the US by Source (2019): Percentage Breakdown of Travel Expenses for Auto, Food & Beverage, Lodging, Recreation, Retail, and Transportation
  • Laundry Machinery with Reduced Water Usage and Energy Efficiency Features Gain Traction
  • Rising Utility Costs Drive Operators toward New Energy-Efficient Models
  • Combination Washer and Dryer Equipment Gain Traction
  • Rising Demand for Washer-Extractors
  • Installed Base of Washer-Extractors (in %) in the US On-Premise Laundry Market by Consumer Category (2019)
  • Commercial Laundry Services: Market Structure
  • US Commercial Laundry Services Market Revenues (in %) by Vendor Type (2019)
  • Uptrend in Self-Service Laundromats Vertical Bodes Well
  • Key Services Offered by Laundromats
  • US Laundromat Market Revenues (in %) by Service Type for the Years 2019
  • Key Geographic Markets for Laundromats
  • Key End-use Markets for Laundromats
  • US Laundromat Market Revenues (in %) by Consumer Type for the Year 2019
  • Laundromat Operators Offer Value Added Services to Boost Consumption
  • Challenges Ahead for Laundromat Industry
  • US Laundromat Industry Characterized by High Fragmentation, Intense Competition
  • Leading Vendors in the US Laundromat Market: 2019
  • Rising Competition Poses Strong Challenge to Self-service Laundromat Operators
  • Vended Multi-Housing Laundries Find New Customers in Homeowners
  • Immense Potential in Commercial Dry Cleaning Market
  • Phase Out of Perc-based Dry Cleaning Machinery
  • Commercial Laundry Machinery Market: Competitive Landscape
  • Market Facts & Figures
  • US Laundry Machinery Market Share (in %) by Company: 2019
  • Market Analytics
CANADA

JAPAN
  • Increasing Working Women Drives the Laundry Services Market
  • Market Analytics
CHINA
  • China: A Market Laden with Opportunities
  • Demand for Eco-Friendly Dry-Cleaners on the Rise
  • Market Analytics
EUROPE
  • Largest Regional Market
  • Coin Laundries, the Laundromats, Make Big Gains
  • Eastern Europe: Presenting Diverse Trends
  • Competition and Overcapacity: Major Concerns
  • Electrical Dryers Dominate the Dryers Market
  • European Dryers Market by Technology Type (2019): Percentage Breakdown of Volume Sales for Electric Dryers, Gas Dryers, and Others
  • Competition
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM
  • Market Overview
  • Market Analytics
REST OF EUROPE
  • OVERVIEW OF SELECT MARKETS
  • Russia: Laundry and Dry Cleaning Services Continue to Grow
  • Growth Drivers
  • Market Challenges
  • Hungary
  • Poland
  • Market Analytics
ASIA-PACIFIC
  • OVERVIEW OF SELECT MARKETS
INDIA
  • Hygiene and Automation Propel Commercial Laundry Business in India
  • Dry-Cleaning Market Scenario
  • Malaysia
  • Laundry Equipment Market: Overview & Outlook
  • Regulatory Landscape
  • Government Policies and Regulations
  • Safety and Health Related Regulations
  • The Franchise Act 1998
  • Key Challenges
  • Alternative Products or Services
  • Heavy Dependence on Imported Machinery
  • Market Analytics
REST OF WORLD
  • Egypt: A Major Market
  • Competition
  • Market Analytics
IV. COMPETITION
  • Total Companies Profiled: 109
Note: Product cover images may vary from those shown
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