Commercial Laundry Market Report 2024

The commercial laundry market size has grown steadily in recent years. It will grow from $1.37 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth during the historical period can be attributed to several factors such as increased demand for automated washing machines, the rise of industrialization and urbanization, a growing need for commercial laundry services, heightened awareness and regulation of hygiene, and rising consumerism.

The commercial laundry market size is expected to see strong growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The projected growth during the forecast period can be attributed to several factors such as an increasing volume of medical linens and uniforms, the expansion of new hotel chains, a growing global population, rising tourism, expanding commercial infrastructure, and heightened demand from various industries. Key trends expected in this period include innovations in smart technologies, integration of Internet of Things (IoT) solutions, advancements in technology, the adoption of AI-powered stain removal and self-service kiosks, and developments in automated garment sorting.

The growth of construction activities is anticipated to drive the expansion of the commercial laundry market. These activities, which encompass the physical development of buildings, infrastructure, and other structures, are increasing due to rapid urbanization, infrastructure development, and a focus on efficiency and precision in construction projects. Commercial laundry services play a vital role in the construction industry by maintaining cleanliness, safety, and operational efficiency, thus facilitating smoother construction processes. For example, in December 2021, according to the United States Census Bureau, the value of construction activities rose from $1.62 trillion in 2021 to $1.79 trillion in 2022. This growth in construction is contributing to the demand for commercial laundry services.

Leading companies in the commercial laundry market are developing advanced products such as AI-powered washers to enhance efficiency and reduce water and energy consumption. AI-powered washers incorporate artificial intelligence technology to optimize performance and user convenience. These washers utilize machine learning algorithms and data analytics to adjust washing cycles based on factors such as fabric type, load size, and soil level. For instance, in January 2021, LG Electronics, a South Korea-based electronics company, introduced the LG ThinQTM front-load washing machine, an AI-powered washer featuring an Artificial Intelligence Direct DriveTM (AI DD) motor. This motor enhances washing precision by detecting the volume and weight of laundry loads and fabric types using advanced sensors. It automatically adjusts water levels, detergent usage, and cycle duration to provide optimal cleaning results while conserving resources.

In November 2022, Rinse Inc., a US-based laundry and dry-cleaning delivery service, acquired Room Service Laundry for an undisclosed amount. This acquisition aligns with Rinse's strategy to establish itself as a national brand in the laundry sector, addressing the challenges of laundry services in urban areas with efficient and customer-focused solutions. Room Service Laundry (RSL) is a US-based on-demand laundry service provider.

Major companies operating in the commercial laundry market are 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.

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 regions covered in the commercial laundry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the commercial laundry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Commercial laundry refers to facilities or businesses that offer large-scale laundry services, catering primarily to businesses and institutions rather than individual consumers. These establishments are equipped with industrial-grade washing, drying, and ironing equipment designed to handle substantial volumes of laundry efficiently.

The main types of commercial laundry equipment include commercial washers, commercial dryers, commercial dry cleaning machines, pressing machines, and finishing equipment. Commercial washers are heavy-duty machines designed to clean large quantities of laundry quickly and efficiently. These products are distributed through various channels, including hypermarkets and supermarkets, retail stores, online stores, and others. They are used in diverse applications such as hospitality, healthcare, educational institutions, industrial settings, retail laundry services, and more.

The commercial laundry market research report is one of a series of new reports that provides commercial laundry market statistics, including commercial laundry industry global market size, regional shares, competitors with a commercial laundry market share, detailed commercial laundry market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial laundry industry. This commercial laundry market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The commercial laundry market consists of revenues earned by providing services such as linen and uniform rental services, dry cleaning services, industrial laundry services, healthcare laundry services, hospitality laundry services, and specialty laundry services. The market value includes the value of related goods sold by the service provider or included within the service offering. The commercial laundry market also includes of sales of laundry bags, laundry sanitizers, and laundry boosters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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