Dec 5, 2019
This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies
Pune, India - December 6, 2019 /MarketersMedia/ —
Laundry machinery market holds a dominant share in the global commercial laundry machinery market. Growing number of dry cleaners, proliferating hospitality and healthcare sector and a steadily increasing number of commercial laundry care outlets are driving the growth of the worldwide commercial laundry machinery industry. Paucity of time and unwillingness towards doing laundry has also led to the establishment of the commercial laundry machinery market. The report has been made basis in-depth market research data from consumer & retail industry experts, covering the competitive landscape and current market dynamics of major players in the Global commercial laundry machinery industry.
The global Commercial Laundry Machinery market is estimated to exceed USD 5.2 Billion by 2024, driven by eco-friendly and energy efficient machines, positive growth in the hospitality sector in emerging economies and a rising trend of outsourcing washing services and linen cleaning to third party service providers. The growth of Commercial Laundry Machinery market can also be attributed to increased consumer spending on luxurious amenities such as housekeeping and laundry services. In the developed markets, launch of new laundry machinery equipped with innovative features such as enhanced water conservation, energy efficiency, compactness, speed and automation capabilities has encouraged the demand for the Commercial Laundry Machinery.
Request a Free Sample Report, Click Here @ https://www.wiseguyreports.com/sample-request/3744443-global-commercial-laundry-machinery-market-growth-2019-2024
With liberalization of the world markets, rising consumerism and an increasing number of new players globally, consumers are rapidly evolving with higher demands for the innovative laundry care products. The commercial laundry machinery business is rapidly growing, operating through online services or on-premise services. Ongoing machinery developments help to ensure that they are equipped with the most updated features that saves time, energy and money. The ongoing trend of using smart laundry machineries identifies the major factors related to water intake, energy and detergent usage. A recent research report forecasts that the global commercial laundry machinery market is set to grow at a CAGR of 7.1% over the forecast period (2017-2025).
The key manufacturers covered in this report:
Bowe Textile Cleaning
The Commercial Laundry Machinery market worldwide is segmented by Type, Distribution Channel and Applications.
By Type, the market is segmented into:
Automatic Bifurcating equipment
The market by Distribution Channel is segmented into:
By Application, the market finds use in the following industries:
The markets by region is divided into North America (U.S. & Canada) , Latin America (Brazil, Mexico, Argentina & Rest Of Latin America, Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Rest of Europe), Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia) and The Middle East & Africa (GCC, South Africa, North Africa, RoMEA).
Geographically, the North-American region accounted for the dominant market share of 34.1% in 2017 due to the large availability of commercial laundry outlets, hospitals and hotels. North American region also houses major players in the market, contributing towards the larger market size of North America. With a huge growth potential for the Commercial Laundry Machinery market, APAC is the next fastest growing region, expected to grow at a CAGR of 7.36% during the assessment period.
Accounting for largest market share of 42.3% in 2017, Washing machines are one of the major applications in the laundry activities. Further, commercial dryers closely follow the market share of washing machines, that is also expected to grow at a CAGR of 7.3% over the forecast period.
Table of Contents
Global Commercial Laundry Machinery Market Growth 2019-2024
1 Scope of the Report
2 Executive Summary
3 Global Commercial Laundry Machinery by Manufacturers
4 Commercial Laundry Machinery by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Commercial Laundry Machinery Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
Make an enquiry of this Report @ https://www.wiseguyreports.com/enquiry/3744443-global-commercial-laundry-machinery-market-growth-2019-2024
Release ID: 88937946
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.