Global Commercial Laundry Market

Global Commercial Laundry Market Size, Share, Growth Analysis, By Product(Washers & Dryers, Dry Cleaners), By Application(Hospitals, Hotels & Restaurants), By Distribution Channel(Hypermarkets & Supermarkets, Specialty Stores) - Industry Forecast 2022-2028


Report ID: SQSG20N2002 | Region: Global | Published Date: July, 2022 | Pages: 157 | Tables: 93 | Figures: 69

Global Commercial Laundry Market Insights

Global Commercial Laundry Market was valued at USD 1.40 billion in 2021, and it is expected to reach a value of USD 1.83 billion by 2028, at a CAGR of 3.40% over the forecast period (2022 - 2028).

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.

 

Market snapshot

Global Market Size

USD 1.40 billion

Largest Segment

Washers & Dryers

Fastest Growth

Washers & Dryers

Growth Rate

3.40% CAGR

Global Commercial Laundry Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Commercial Laundry Market Size by Product 2021-2028 ($ Bn)
Global Commercial Laundry Market Size by Product 2021-2028 (%)

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Global Commercial Laundry Market Segmental Analysis

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.

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.

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.

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.

 

Global Commerical Laundry Market By Product, 2021 (%)

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Global Commercial Laundry Market Regional Insights

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.

 

Global Commercial Laundry Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Global Commercial Laundry Market Dynamics

Driver

  • An expanding hospitality sector is driving up demand for commercial washing equipment

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 expansion for commercial laundry equipment.

  • Growing Disposable Income

Growing disposable income and public awareness of hygienic and effective cleaning techniques is increasing among people. In turn, this motivates laundry stores to meet the rising demand for laundry services. Government rules for energy-efficient equipment are also driving up vendor competitiveness to develop cutting-edge features. These elements are helping the market for commercial laundry machines develop even more. However, obstacles including the price of replacing failed equipment and rising raw material costs are impeding Commercial Laundry Market expansion.

Restraint

  • Increasing household washing machine usage

Despite the promising outlook, increasing household washing machine usage is projected to limit the growth of commercial laundry services throughout the projection period to some extent. Research indicates that China sold almost 72 million units of residential washing machines in 2018. During the forecast period, further advancements in washing machines and a drop in their prices are anticipated to restrain the market growth. According to data by the Observatory of Economic Complexity (OEC), the worldwide trade of household washing machines as of 2020 was $14.5 million.

  • High water footprint and growing concerns for the environment

The global commercial laundry market has a higher water footprint as water is the main player in all the services given in the laundry system. According to PUB, Singapore’s National Water Authority, 87% of the water consumed by a commercial laundry facility is used in the laundry process, there is potential for the facility to recycle as much water as possible to ensure water sustainability. 87% of the water is utilized during the process of cleaning, 7%in the boilers, 4% and toilets and pantries and 2% in others.

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Global Commercial Laundry Market Competitive Landscape

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.

Top Company Profiles

Recent Developments

  • In March 2022, Rinse Inc. launched itself in New York City with the acquisition of FlyCleaners. FlyCleaners offers local on-demand pickup and delivery services for dry-cleaning and laundry via a mobile application.
  • In April 2021, Alliance Laundry Systems acquired the distribution assets of Chicago-based D&M Equipment Co. D&M is one of the top distributors of laundromat equipment in the Midwest.
  • In May 2021, Rinse Inc. had acquired ButlerBox, a Los Angeles-based dry cleaning and laundry provider specializing in locker-based service with multifamily and commercial office partners.
  • In October 2022,EVI Industries, Inc. (NYSE American: EVI) announced  that it executed a definitive agreement to acquire Southside, Alabama based Wholesale Commercial Laundry Equipment SE (“WCL”), a distributor of commercial laundry products and a provider of related technical installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry.

  • In August 2022, EVI Industries had taken the action to Acquire K&B Laundry Service . It will be the 21st laundry business in EVI industry's portfolio.

  • In May 2020, Spain based Girbau Group, a commercial & industrial laundry products provider, acquired the complete share of its Chinese joint venture, Girbau Shenguang Laundry Technology, Shanghai that would help the Girbau Group to strengthen their position in the Chinese market for the commercial laundry solutions.

Global Commercial Laundry Key Market Trends

  • The most recent generation of industrial laundry equipment is being developed in response to the expanding demands of laundry operators that place a high value on automation, the Internet of Things, and wireless connectivity. A growing trend toward automation is still present in the commercial laundry business. One major factor contributing to laundries' increased need for fully automated equipment could be the rising cost of labour. The integration of wireless networking into other electric and electronic products is becoming more common. IoT enables the internet-based connection of objects and people. The Internet of Things has throughout the years turned much ordinary equipment into smart ones, and washing machines are the newest to do so.
  • The primary trend for modern washing equipment is the advent of new textiles. In the past, the switch to polycotton blends and other less expensive substitutes, as well as synthetic fibres, was motivated by high cotton prices that caused a sharp increase in costs. As a result, laundries had to adapt their machinery to the newest textiles, as evidenced by the use of thicker material for flatwork, which is typically more challenging to wash, clean, and iron.
  • Asia Pacific region is projected to grow at a faster rate owing to the large rate of hotel & restaurant chain penetration in countries such as, Japan, India, and Australia which further drive the demand for the laundry cleaning products.According to the Hospitality Net Organisation, as of 2018, India’s hotel penetration rate was estimated to around 34.4% with an existing 133,357 number of hotel rooms in the country.

  • The Asia Pacific Spa sector economy was estimated to USD 21.4 million in 2015 and is  increased  to USD 26.5 million in 2017 ,according to the Global Wellness Institutes. Additionally, the growing spa & salon sector is propelling the demand for the laundry accessories for washing up the towels & napkins products at salons and spa centers. 

  • The large import of the washing machines in the world  indicates a higher demand for the commercial laundry systems which is likely to favor the growth of the market.

Global Commercial Laundry Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

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.

 

Report Metric Details
Market size value in 2021 USD 1.40 billion
Market size value in 2028 USD 1.83 billion
Growth Rate 3.40%
Base year 2021
Forecast period 2022 - 2028
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Washers & Dryers, Dry Cleaners, Commercial Laundry Storages, Others
  • Application
    • Hospitals, Hotels & Restaurants, Laundry Stores, Others
  • Distribution Channel
    • Hypermarkets & Supermarkets, Specialty Stores, Online Stores, Other
Regions covered 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)
Companies covered
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Commercial Laundry Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Commercial Laundry Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

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.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Commercial Laundry Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Commercial Laundry Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Commercial Laundry Market was valued at USD 1.40 billion in 2021, and it is expected to reach a value of USD 1.83 billion by 2028, at a CAGR of 3.40% over the forecast period (2022 - 2028).

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. 'Alliance Laundry Systems LLC (US)', 'The Huntington Company (US)', 'ZIPS Dry Cleaners (US)', 'Alsco Pty Limited (Australia)', 'Rinse, Inc. (US)', 'GE Appliances (US)', 'LG Electronics (South Korea)', 'Electrolux AB (Sweden)', 'ECOLAB (US)', 'Girbau North America Inc. (US)', 'Samsung Group (South Korea)', 'Stefab India Ltd. (India)', 'SEKO S.p.A. (Italy)'

An expanding hospitality sector is driving up demand for commercial washing equipment

The most recent generation of industrial laundry equipment is being developed in response to the expanding demands of laundry operators that place a high value on automation, the Internet of Things, and wireless connectivity. A growing trend toward automation is still present in the commercial laundry business. One major factor contributing to laundries' increased need for fully automated equipment could be the rising cost of labour. The integration of wireless networking into other electric and electronic products is becoming more common. IoT enables the internet-based connection of objects and people. The Internet of Things has throughout the years turned much ordinary equipment into smart ones, and washing machines are the newest to do so.

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.

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Global Commercial Laundry Market

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