Commercial laundry equipment includes washer extractors, tunnel washers, presses, dry cleaning equipment, and finishing equipment. These products are used for industrial washing of large volumes of clothes, towels, linens and other textile products in hotels, hospitals, schools, nursing homes and other commercial settings. Commercial laundry equipment are more durable and efficient to handle higher volume of laundry compared to residential laundry machines. They save water, energy and optimize the cleaning process.
The global Commercial Laundry Equipment Market is estimated to be valued at US$ 1.4 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The surging demand from the hospitality sector has been a key driver for the Global Commercial Laundry Equipment Market Size. The exponential growth in hotel chains, restaurants and tourism industry has substantially increased the volume of linen and fabrics needing industrial cleaning every day. Commercial laundry equipment help in handling large quantities of used and soiled linens efficiently while minimizing labor, water and energy usage. Their high processing capacities make them suitable for commercial applications with higher workloads. Emergence of fully automated and connected commercial laundry systems integrated with advanced technologies will further propel the demand from hospitality establishments going forward.
SWOT Analysis
Strength: Commercial laundry equipment enables bulk and hassle-free cleaning of linens used in hotels, hospitals, restaurants, and other commercial establishments. It saves time and labor costs compared to manual laundry cleaning methods.
Weakness: High initial investment costs involved in purchasing commercial laundry equipment. They also require routine maintenance and repairs which adds to operational costs.
Opportunity: Growing laundry needs of hospitality industry with rising tourism and travel. Increasing number of hospitals and nursing homes also drive the demand.
Threats: Availability of used and refurbished commercial laundry equipment at lower prices acts as a threat. Economic slowdowns impact the hospitality industry which in turn affects demand.
Key Takeaways
The global commercial laundry equipment market is expected to witness high growth. North America currently dominates the market owing to large presence of hospitality industry in countries like the US. The Asia Pacific region is expected to show fastest growth on back of developing economies, rising middle class, and growth in tourism and hospitality sectors in countries like India and China.
Key players operating in the commercial laundry equipment are Hanger Inc., Ottobock, Blatchford Limited, WillowWood Global LLC, Fillauer LLC, Howard Orthopaedics Inc., Aether Biomedical, United Prosthetics, Advanced Arm Dynamic, TASKA Prosthetics, Steeper Inc., BioMetrics Prosthetic and Orthotic CT, Trulife, Open Bionics, SYNERGY PROSTHETICS, Motorica. They are continuously investing in product innovation and customization to cater to diverse needs of end users. Their focus on emerging economies will help drive further growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it