Global Commercial Washing Machine Market 2020-2024
Technavio has been monitoring the commercial washing machine market and it is poised to grow by $ 400.47 mn during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on commercial washing machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing hospitality industry, growth of online laundry market, and rising adoption of multi-housing laundry washing machine. In addition, growing hospitality industry is anticipated to boost the growth of the market as well.
The commercial washing machine market analysis includes type segment and geographic landscapes
Technavio's commercial washing machine market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the introduction of technologically advanced machines as one of the prime reasons driving the commercial washing machine market growth during the next few years. Also, introduction of card-operated washing machine, and introduction of IoT-enabled washing machine and laundry services will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our commercial washing machine market covers the following areas:
- Commercial washing machine market sizing
- Commercial washing machine market forecast
- Commercial washing machine market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial washing machine market vendors that include Alliance Laundry System LLC, BOWE Textile Cleaning GmbH, Girbau North America Inc., Dexter Apache Holdings Inc., Electrolux AB, Haier Smart Home Co. Ltd., Herbert Kannegiesser GmbH, Miele & Cie. KG, Pellerin Milnor Corp., and Whirlpool Corp.. Also, the commercial washing machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.