Commercial Washing Machine Manufacturing
Steady US population growth and urbanization over the five years to 2019 have boosted demand for Commercial Washing Machine Manufacturing industry products. During this period, increasing employment and disposable income led to declining apartment vacancy rates. This is both indicative of urbanization and limited demand for home buying from younger generations. Over the five years to 2024, industry revenue is expected to increase at a slightly reduced rate. The expectation of growth is likely to follow a similar trend as the prior five years. US population growth and urbanization will contribute to a steady rise in domestic demand for commercial washing machines.
This industry manufactures commercial washing machines. Commercial washing machines are most commonly used in laundromats and multifamily homes and are typically coin-operated. Excluded from this industry are automated or continuous tunnel washers, which are used in the textile manufacturing and healthcare markets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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