USD 1.40 billion
Report ID: SQMIG20N2023 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 93 | Figures: 69
Global Commercial Laundry Market size was valued at USD 1.40 billion in 2021 and is poised to grow from USD 1.45 billion in 2022 to USD 1.91 billion by 2031, at a CAGR of 3.4% during the forecast period (2024-2031).
Commercial laundry equipment has a variety of features and wash cycles to choose from. This makes it possible to wash a variety of garments because different materials have different tolerances. These machines were created using top-notch materials and cutting-edge technology. Healthcare, hospitality, education, and the service sector are just a few of the areas that might benefit from commercial laundry machines' laundry solutions. The use of commercial washing equipment in different industries is influenced by changes in consumer lifestyle. Front-load washing machines are effective and use significantly less water and electricity than top loaders. This enables business owners to reduce operating expenses. Because of these benefits, the Commercial Laundry Market for industrial laundry machines is expanding.
Dry cleaning machines, washing machines, presses, and industrial dryers are all examples of laundry equipment. Resorts, hotels, and other establishments are increasingly using commercial laundry equipment. Additionally, private laundry service providers make use of this equipment. The hotel sector is growing as construction activity rises in emerging nations like China and Japan. Rising tourism in these nations is to blame for this. These elements are promoting the Commercial Laundry Market for commercial laundry machines to flourish. The demand for newer and more sophisticated washing products in business settings is probably being driven by shifting customer lifestyles and preferences about cleaning products. Commercial Laundry Market expansion is being supported by an increase in commercial infrastructure amenities like hotels and restaurants, hospitals, and educational institutions. For instance, the Rebuilding Hospitality report states that global occupancy increased to 46% in April 2021 from a low of 13% in April 2020. As a result, the occupancy rate in the hospitality industry has increased by two-thirds to pre-pandemic levels of roughly 70% for this time of year. A growing worldwide population is significantly boosting the need for cleaning supplies and laundry products. Additionally, the expanding textile sector stimulates the production of a variety of wearables and personal clothing items, supporting the demand for washer and dryer equipment.
As the laundry services market has grown, more clothing-washing and ironing shops are using these items. The demand for travel and tourism, which in turn facilitates the demand for expert cloth cleaning solutions, is also being driven by the rising affluence of the world's population.
US Commercial Laundry Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.40 billion
Washers & Dryers
Washers & Dryers
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The Global Commercial Laundry Market is segmented based on Product, Application, Distribution Channel and Region. Based on the Product, the market is segmented into washers & dryers, dry cleaners, commercial laundry storage, and others. Based on the Application, the Commercial Laundry Market is segmented into hospitals, hotels & restaurants, laundry stores, and others. Based on the Distribution Channel, the market is divided into hypermarkets & supermarkets, specialty stores, online stores, and others. Based on Region, it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Commercial Laundry Market Analysis by Product
On the basis of product type, the Commercial Laundry Market is segmented into washers & dryers, dry cleaners, commercial laundry storage, and others, such as iron & finishing equipment, etc. The category for washers and dryers includes a variety of washing and drying gear and equipment. As washers and dryers are mostly utilised in laundry cleaning due to their effectiveness in properly blending the detergent into the pores of the cloths and effectively eliminating stains from the cloths, the washers and dryers’ segment is anticipated to hold a significant share of the market.
Commercial Laundry Market Analysis by Application
Based on applications, the Commercial Laundry Market is segmented into hospitals, hotels & restaurants, laundry stores, and others such as schools, military, spa & salons, etc. Due to the growing need for tidy and clean clothes and apparel products for the living and dining areas of hotels and restaurants, which also aid to increase their popularity ratings, the hotels and restaurants segment is anticipated to account for a sizable portion of the market. The whole hotel and restaurant industry is also driven by the ongoing demand for professional services to launder the linens and bedding and expanding travel and tourist sector, which eases the demand for the items.
Nowadays, a lot of customers choose professional duvet-cleaning services since these companies have extremely effective equipment that effortlessly enables routine washing of duvets, sheets, and pillows. In a hectic lifestyle, these services provide flexibility and convenience. In the upcoming years, these elements are anticipated to propel the commercial segment's expansion.
Commercial Laundry Market Analysis by Distribution Channel
On the basis of distribution channels, the Commercial Laundry Market is segmented into hypermarkets & supermarkets, speciality stores, online stores, and others. Speciality retailers are anticipated to account for a sizable portion of the industry due to the ease with which business users can buy laundry and cleaning supplies from them. Additionally, these businesses' generous discounts and offers, along with the widespread availability of branded washers and dryers, are contributing to the segment's rise.
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North America is predicted to have the greatest share of the global Commercial Laundry Market due to the presence of several healthcare institutions in nations like the United States and Canada, which fuel the need for various laundry equipment for hospitals & clinics. According to a survey done by the American Hospital Association (AHA), there are 6,146 hospitals in the United States with 924,107 beds as of 2018.
A stronger need for commercial laundry systems is also indicated by the region's significant washing machine imports, which are projected to support the market's expansion. According to data by the Observatory of Economic Complexity (OEC), the worldwide trade of washing machines as of 2020 was $648 million. The United States stood as the largest importer with an import value of $92.1 million.
The Asia Pacific area is predicted to expand at a quicker rate due to the high rate of hotel and restaurant chain penetration in nations like Japan, India, and Australia, which further drives the need for laundry cleaning goods. The expanding spa & salon sector is propelling the demand for laundry accessories for washing up towels & napkins products. As per the Asia-Pacific Wellness Economy Monitor by Global Wellness Institute, Asia has the most spas (48,679) and the largest spa market ($26.5 billion). With about 26K businesses currently producing $31.6 billion, it is by far the largest thermal/mineral springs market in the entire globe in 2018.
Europe is estimated to have tremendous growth during the forecasted period. The growth is linked to rising disposable income and an expanding labor force. During the projected period, it is anticipated that the region's Commercial Laundry Market will continue to be strongly supported by the existence of various dry-cleaning and laundry service providers offering a wide range of services, including washing, folding, and ironing, as well as pick-up and drop-off services.
Due to rising investment in hotel operations in Germany, the U.K., and Spain, the European hospitality sector is expanding at a remarkable rate. The hotel sector's expansion is being aided by the tourism sector's ongoing expansion. This will probably increase demand for commercial laundry and dry-cleaning services in Europe.
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Commercial Laundry Market Driver
An expanding hospitality sector is driving up demand for commercial washing equipment
Growing Disposable Income
Commercial Laundry Market Restraint
Increasing household washing machine usage
High water footprint and growing concerns for the environment
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The Commercial Laundry Market for commercial laundry machines is rather fragmented because there are a large number of unorganized players. To satisfy the rising demand, major players in the global market are concentrating on product launches and technical advancements. Key firms are working hard to broaden their influence and solidify their positions in the global market. Together, these businesses represent a very small portion of the Commercial Laundry Market share. For instance, Cleanly is increasing its customer base by providing doorstep pick-up and drop-off services. Cleanly, a company that offers dry cleaning and laundry services, has so far secured $2.3 million in startup funding, which has helped to improve what it has to offer. Additionally, Zipjet and Laundrapp announced their merger in June 2019, and the combined company will handle roughly 2 million items of laundry every year.
Commercial Laundry Market Top Company Profiles
Commercial Laundry Market Recent Developments
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According to our Global Commercial Laundry Market Analysis, expanding hospitality sector, growing disposable income and public awareness of hygienic and effective cleaning techniques, adoption of advanced cleaning technologies, services at reasonable prices and busier lifestyle are some major factors driving the growth of the global commercial laundry market.
|Market size value in 2021
|USD 1.40 billion
|Market size value in 2031
|USD 1.91 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
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For the Global Commercial Laundry Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Commercial Laundry Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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