Commercial Laundry Machinery Global Strategic Business Report 2024: Market to Reach $9.3 Billion by 2030 - Travel, Tourism & Hospitality Industry Sets the Tone for Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Commercial Laundry Machinery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Commercial Laundry Machinery Market to Reach $9.3 Billion by 2030

The global market for Commercial Laundry Machinery estimated at US$5.3 Billion in the year 2022, is projected to reach a revised size of US$9.3 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030. Washers, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Commercial Dryers segment is estimated at 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 9.6% CAGR

The Commercial Laundry Machinery market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.

Key Attributes:

Report Attribute	Details
No. of Pages	531
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$5.3 Billion
Forecasted Market Value (USD) by 2030	$9.3 Billion
Compound Annual Growth Rate	7.3%
Regions Covered	Global

MARKET OVERVIEW

• Laundry: A Quickly Evolving Household Task That Has Become a Billion Dollar Industry
• Growing Global Opportunity for Laundry Services Creates a Parallel Market For Laundry Machines: Global Market for Dry-Cleaning and Laundry Services (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
• Global Economic Update
• Competition
• Competitive Market Presence - Strong/Active/Niche/Trivial for 158 Players Worldwide in 2023 (E)
• Commercial Laundry Machinery: Definition, Overview & Benefits
• Influencer/Product/Technology Insights
• Recent Market Activity
• Innovations

MARKET TRENDS & DRIVERS

• Resilient Outlook for 2024 for the Travel & Hospitality Industry, Despite Challenges, Bodes Well for Market Growth
• Travel, Tourism & Hospitality Industry Sets the Tone for Growth of Commercial Laundry Machines: Global Travel, Tourism & Hospitality Market (In US$ Billion) For Years 2023, 2025, 2027, 2029 and 2031
• Changing Hotel Housekeeping Practices to Benefit Demand for Commercial Laundry Machines
• Smart Laundry Equipment Emerge Into the Spotlight
• Self-Service Laundry/ Laundromat/Coin-Operated Machines Grow in Popularity
• Shifting Consumer Behavior Towards Self Services Gives Coin Operated Laundry Machines a Fresh Lease of Life: Global Market for Self-Service Technologies (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
• Hospitality Sector is the Largest End-User of Laundry Machines
• Focus on Sustainability Pushes Eco-Friendly & Energy Efficient Laundry Machines & Laundry Chemicals into the Spotlight
• Carbon Footprint of the Laundry Industry Comes Under the Scanner
• As Global Pollution Continues to Rise, Sustainability Becomes a Central Theme in the Commercial Laundry Machines Market: Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2021, 2022 & 2023
• Spurred On by Rising Healthcare Burden, Hospitals Emerge into One of the Fastest Growing End-Use Sectors
• Rise in Sales of Hospital Beds in Parallel to Bed Expansion in Hospitals Worldwide Brings Good News for Hospital Laundry Services & Machines: Global Market for Hospital Beds (In US$ Million) for Years 2021, 2023, 2025 and 2027
• AI Makes Its Mark in the Laundry Space. Here's How
• Multi-Housing Laundries Rise in Prominence
• The Laundry Automation Trend Gathers Momentum
• Water Recycling & Water Efficiency for Commercial Laundries Becomes a Major Part of CSR Programs
• Technology Innovations Remain Crucial for Sustained Growth
• Preventive Maintenance of Laundry Machines Becomes a Mainstream Practice

FOCUS ON SELECT PLAYERS (Total 158 Featured)

• LG Electronics, Inc.
• Haier Group
• Arcelik A.S.
• GE Appliances
• American Dryer
• Dexter Laundry, Inc.
• Fagor Industrial, S.Coop.
• Girbau SA
• JLA Ltd.
• Chicago Dryer Company
• Danube International SARL
• Herbert Kannegiesser GmbH
• Lavatec Laundry Technology GmbH
• Fabcare Garments & Textile Machinery Private Limited
• Electrolux Professional AB

For more information about this report visit https://www.researchandmarkets.com/r/rigr5v

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