Global Laundry Folding Robots Market 2020-2024
Technavio has been monitoring the laundry folding robots market and it is poised to grow by $ 386.14 mn during 2020-2024 progressing at a CAGR of 33% during the forecast period. Our reports on laundry folding robots 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 acceptance of personal service robots, social factors driving adoption of laundry folding robots and rising middle class and increasing disposable income in developing countries. In addition, growing acceptance of personal service robots is anticipated to boost the growth of the market as well.
The laundry folding robots market analysis includes end-user segment and geographical landscapes
Technavio's laundry folding robots market is segmented as below:
By Geographical Landscape
- North America
- South America
This study identifies the internet of things (IoT) integration in robots as one of the prime reasons driving the laundry folding robots market growth during the next few years. Also, inclusion of artificial intelligence (AI) and increased funding through partnerships and crowdfunding platforms 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 laundry folding robots market covers the following areas:
- Laundry folding robots market sizing
- Laundry folding robots market forecast
- Laundry folding robots 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 laundry folding robots market vendors that include FoldiMate Inc. and Herbert Kannegiesser GmbH. Also, the laundry folding robots 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.