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Laundry products are commonly used by the people at various commercial places to keep the clothes clean & hygienic. Growing awareness related to cleanliness & health-hygiene fuel the demand for these products. Manufacturers are constantly focusing on developing a variety of advanced commercial laundry machinery to provide customized & real-time experience to the users. For instance, in October 2019, Alliance Laundry Systems launched ‘Wash It’, a laundry management system for their IPSO & Primus products that provide a real-time dashboard to the users for viewing several machine-related data points.
Companies are keenly focusing on the enhancing distribution capacity of their commercial laundry products to grow the overall sales revenues. For instance, in December 2019, EVI Industries Inc. acquired Tennessee based laundry systems & other affiliate companies to distribute commercial, industrial & vended laundry products to the consumers. Besides this, the implementation of numerous CSR & sustainability strategies to develop compliance-friendly textile cleaning detergents offer growth opportunities in the market.
Changing consumer lifestyle & preferences regarding cleaning products is likely to drive the demand for the newer & advanced laundry products at the commercial places. Increasing commercial infrastructural facilities such as hotels & restaurants, hospitals, educational institutions is supporting market growth. For instance, according to the Down To Earth Organisation, as of March 2017, about 23,582 number of government hospitals with 710,761 number of hospital beds were present in India. Additionally, a rising global population is prominently driving the demand for the laundry products & cleaning accessories. Also, the growing textile industry provides a push in the manufacturing process of the various personal clothing & wearable products which thereby, support the demand of the dryers and washer equipment.
Moreover, increasing the laundry services industry has given rise to the usage of these products by the clothes washing and ironing stores. Additionally, the rising income of the global population is propelling the demand for the travel & tourism industry that further provides ease in the demand of the professional cloth cleaning solutions.
However, the growing necessities of the repair & maintenance of the commercial laundry equipment such as washing machines, dryers, and others are anticipated to restrain the market growth.
Key Market Driver -
Increasing commercial infrastructural facilities is expected to drive the market
Key Market Restraint -
Extensive maintenance requirements for equipment is anticipated to restrain the market growth
The key players operating in the global commercial laundry market are, Jon-Don LLC., LG Electronics., Appliance Laundry Systems LLC., Electrolux Group, ECOLAB, Maytag, Girbau North America Inc., Miller Laundry Systems Inc., DEXTER LAUNDRY, WASHCO, BDS Laundry Systems, Samsung Group, Stefab India Ltd., SEKO S.p.A. and others.
The global commercial laundry market is segmented by product type, application, distribution channel, and geography.
By product type, the market is segmented into washers & dryers, dry cleaners, commercial laundry storages, and others, such as iron & finishing equipment, etc. Washers & dryers segment includes various washing & drying machinery & equipment. Washers & dryers’ segment is expected to hold a dominant share of the market as washers & dryers are essentially used in laundry cleaning for their effectiveness in properly mixing up the detergent into the pores of the cloths and efficiently removing stains from the cloths.
Based on applications, the market is segmented into hospitals, hotels & restaurants, laundry stores, and others such as schools, military, spa & salons, etc. Hotels & restaurants segment is expected to hold a major share of the market because of the rising needs of the restaurants & hotels living spaces and dining halls to have the neat and cleaned clothing & apparel products which further help to improve their popularity ratings. Additionally, the growing travel & tourism sector drives the overall hotels & restaurant industry which thereby, provide ease in the demand for the products.
By distribution channels, the market is segmented into hypermarkets & supermarkets, specialty stores, online stores, and others. The specialty stores segment is projected to hold a major share of the market as they are easily accessible to commercial users for purchasing laundry cleaning products. Moreover, the wide availability of the branded washing machines and dryers’ equipment as well as the provision of the discounts and offers by these stores is further supporting the segment growth.
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