According to the report by Expert Market Research (EMR), the global laundromat machines market size reached a value of USD 4.79 billion in 2023. Aided by technological advancements and an increasing global inclination towards service-oriented businesses, the market is projected to further grow at a CAGR of 6.5% between 2024 and 2032 to reach a value of USD 8.43 billion by 2032.
Laundromat machines, comprising washers and dryers used in commercial laundry facilities, are essential components in the service sector, catering to a wide range of sectors including residential complexes, hotels, and hospitals. These machines are designed to handle large volumes of laundry efficiently, offering both self-service and full-service options. As urban populations increase, the demand for convenient and efficient laundry services also rises, particularly in high-density living areas such as apartment complexes and hostels.
The expanding hospitality sector, including hotels and resorts, along with growth in the healthcare industry, particularly in developing countries, requires robust laundry services to ensure hygiene and customer satisfaction, consequently driving up the laundromat machines market share.
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Innovations in machine technology, such as the integration of IoT and energy-efficient systems, have made laundromat machines more appealing by reducing operational costs and improving service quality. Moreover, with rising disposable incomes, especially in emerging economies, consumers are increasingly willing to pay for convenience, driving the laundromat machines market growth.
The market for laundromat machines is expected to experience profitable growth prospects due to the rapid expansion of hotel and hospital establishments. The growth is primarily driven by the increasing trend of hospitals and hotels providing complimentary clothes pickup and doorstep delivery services, which in turn boosts the demand for laundromat machines. Additionally, customers are actively choosing these services to avoid the hassle of maintaining personal washing machines and reducing manual labour, further fuelling the laundromat machines market development.
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North America currently leads the global market due to its established laundromat sector and high frequency of technological adoption. However, the Asia-Pacific region is expected to witness the highest growth rate over the forecast period. This surge is attributed to rapid urbanisation, increasing disposable incomes, and the proliferation of the service sector in countries such as China, India, and Southeast Asia.
Europe maintains a strong market position, driven by stringent regulations regarding water and energy use, which promote the adoption of high-efficiency laundromat machines. Additionally, the region sees consistent demand from the tourism sector, which necessitates extensive laundry services, leading to laundromat machines market expansion.
Market Segmentation
The market can be divided based on the product type, capacity, price category, end-use, distribution channel, and region
Market Breakup by Product Type
- Washer Extractors
- Tumble Dryers
- Dry Cleaning Equipment
- Stain-removing machines
- Others
Market Breakup by Capacity
- Below 25 Kilograms
- 25-50 Kilograms
- 51-100 Kilograms
- Above 100 Kilograms
Market Breakup by Price Category
- Low
- Medium
- High
Market Breakup by End-Use
- Laundry Service Providers
- Hotels
- Hospitals and Nursing Homes
- Resorts
- Others
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global laundromat machines market. Some of the major players explored in the report by Expert Market Research are as follows:
- LG Electronics, Inc.
- EDRO Corporation
- Electrolux AB
- Whirlpool Corporation
- Alliance Laundry Systems LLC
- BÖWE Textile Cleaning GmbH
- IFB Appliances
- Fagor Industrial S. Coop (Fagor Professional)
- Dexter Apache Holdings, Inc.,
- Lead Group of Companies
- Others
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