Global Commercial Washing Machine Market 2018-2022
About Commercial Washing Machine
Commercial washing machines are those that are used in commercial establishments such as restaurant, hotels, hospitals and fabric industries to launder clothes.
Technavio’s analysts forecast the global commercial washing machine market to grow at a CAGR of 5.31% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial washing machine market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Washing Machine Market 2018-2022
Technavio recognizes the following companies as the key players in the global commercial washing machine market: Alliance Laundry Systems, Continental Girbau, Dexter Apache Holdings, Electrolux, and Whirlpool.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of technologically advanced machines. The global commercial washing machine market has witnessed various technological advances during the past couple of years. The vendors operating in the market strive to provide professional laundry machineries with advanced technological features that would help their consumers enhance productivity.”
According to the report, one driver in the market is growing hospitality industry. After the commercial laundry industry, the hospitality industry generates the highest demand for commercial washing machines. These washing machines are used in hotels, resorts, and other establishments for consumers availing laundry services at these destinations. The hotel industry is growing rapidly since the past five years due to an increase in the travel and tourism market and witnessed significant growth in some specific regions, such as North Americas, Europe, and the UAE.
Further, the report states that one challenge in the market is long replacement cycle. Commercial washing machines manufactured by popular brands are made of a superior quality raw material, are highly efficient and durable, and have the best engineering, which does not require frequent replacement. These commercial washing machines are expensive and easily last for 7-14 years, depending upon the use and raw materials used to manufacture the product.
Alliance Laundry Systems, Continental Girbau, Dexter Apache Holdings, Electrolux, and Whirlpool.