The commercial laundry market has shown steady growth, rising from $1.37 billion in 2023 to $1.43 billion in 2024, with a compound annual growth rate (CAGR) of 4.7%. This growth is driven by increasing demand for automated washing machines, industrialization, urban expansion, higher demand for commercial laundry services, greater hygiene awareness and regulation, and rising consumerism. The market is projected to continue growing, reaching $1.75 billion by 2028, at a CAGR of 5.1%. Future growth is attributed to the rising volume of medical linens and uniforms, the emergence of new hotel chains, a growing global population, rising tourism, expanding commercial infrastructure, and increased demand from various industries. Key trends include innovations in smart technologies, IoT integration, technological advancements, AI-powered stain removal, self-service kiosks, and automated garment sorting.
Major Driver In The Commercial Laundry Market
Increased construction activities are projected to drive the commercial laundry market's growth. As construction projects rise due to urbanization, infrastructure development, and a focus on efficient building projects, commercial laundry services become essential for maintaining cleanliness and operational efficiency. The United States Census Bureau reported that the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. This ongoing rise in construction activities is expected to significantly contribute to the growth of the commercial laundry market.
Request A Free Sample Of The Commercial Laundry Market Report
Commercial Laundry Market Competitive Landscape
LG Corporation, Whirlpool Corporation, Miele & Cie. KG, Maytag Corporation, GE Appliances, Alliance Laundry Systems LLC, Electrolux Professional, Jensen-Group , Continental Girbau Inc., Dexter Laundry Inc., Pellerin Milnor Corporation, Fagor Industrial, American Dryer Corporation (ADC), G.A. Braun Inc., Lapauw International NV, Laundrylux Inc., B&C Technologies, Renzacci S.p.A., Firbimatic S.p.a., Yamamoto Manufacturing Co. Ltd., Danube International
Key Commercial Laundry Market Trend
Major companies in the commercial laundry market are advancing with cutting-edge products such as AI-powered washers, which enhance efficiency and reduce water and energy consumption. These washers utilize machine learning algorithms and data analytics to optimize washing cycles based on fabric type, load size, and soil level. For example, LG Electronics launched the LG ThinQ™ front-load washing machine in January 2021. This AI-powered washer features the Artificial Intelligence Direct Drive™ (AI DD) motor, which detects the volume and weight of laundry loads, identifies fabric types using advanced sensors, and automatically adjusts water levels, detergent usage, and cycle duration. This innovation ensures optimal cleaning results while conserving resources.
Purchase The Global Commercial Laundry Market Report Directly And Get A Swift Delivery
Commercial Laundry Market Segmentation
The commercial laundry market covered in this report is segmented –
1) By Type: Commercial Washer, Commercial Dryer, Commercial Dry Cleaning Equipment, Pressing Machines, Finishing Equipment, Other Types
2) By Distribution Channel: Hypermarkets And Supermarkets, Retail Stores, Online Stores, Other Distribution Channels
3) By Application: Hospitality, Healthcare, Educational Institutions, Industrial, Retail Laundry Services, Other Applications
By Geography:The regions covered in the commercial laundry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the commercial laundry market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Commercial Laundry Global Market Report 2024 furnishes information about the global commercial laundry market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
