Commercial Washing Machine Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The commercial washing machine market share is expected to increase by USD 390.6 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.41%.

This commercial washing machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial washing machine market segmentations by type (front-loading and top-loading) and geography (Europe, North America, APAC, MEA, and South America). The commercial washing machine market report also offers information on several market vendors, including Alliance Laundry System LLC, BOWE Textile Cleaning GmbH, Dexter Apache Holdings Inc., Electrolux AB, Girbau North America Inc., Haier Smart Home Co. Ltd., Herbert Kannegiesser GmbH, Miele & Cie. KG, Pellerin Milnor Corp., and Whirlpool Corp. among others.

What will the Commercial Washing Machine Market Size be During the Forecast Period?

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Commercial Washing Machine Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing hospitality industry is notably driving the commercial washing machine market growth, although factors such as long replacement cycle may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial washing machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial Washing Machine Market Driver

Growing hospitality industry is a key driving factor impacting the global commercial washing machine market growth. 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 in the past five years due to an increase in the travel and tourism market and witnessed significant growth in some specific regions, such as Europe, North Americas, Europe, and the UAE. The hotels and resorts are among the major customers of commercial washing machines. Therefore, the rise in hospitality services will lead to the growth in demand for commercial washing machines.

Key Commercial Washing Machine Market Trend

Introduction of technologically advanced machines is a key trending factor impacting the global commercial washing machine market growth. 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 machinery with advanced technological features that would help their consumers enhance productivity. Technological advancements are driven by changing customer attitudes. Such technological advancements and automation of operations in commercial washing machines are expected to enhance the cost, water, and energy efficiency of the latest generation washing machines. Such trends are expected to drive the commercial washing machine market during the forecast period.

Key Commercial Washing Machine Market Challenge

Long replacement cycle will be a key challenge impacting negatively the global commercial washing machine market growth. Commercial washing machines manufactured by popular brands are made of high-quality raw materials, are highly efficient and durable, and have the best engineering, which does not require frequent replacement. Good quality materials such as plastics, fiber, metal, rotating motors, and electronic parts have a longer replacement cycle than washing machines made of standard materials and equipment. The high cost and high durability of these products affect the year-over-year growth of the global commercial washing machine market. Key manufacturers operating in this market provide lucrative warranty and free service schemes for their customers, which further adds value to the lifespan of the washing machines. As the market is cyclic in nature, such buying behavior and pattern discourages the repetitive purchase of washing machines, thereby decreasing the revenue of the market.

This commercial washing machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global commercial washing machine market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial washing machine market during the forecast period.

Who are the Major Commercial Washing Machine Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Alliance Laundry System LLC
• BOWE Textile Cleaning GmbH
• Dexter Apache Holdings Inc.
• Electrolux AB
• Girbau North America Inc.
• Haier Smart Home Co. Ltd.
• Herbert Kannegiesser GmbH
• Miele & Cie. KG
• Pellerin Milnor Corp.
• Whirlpool Corp.

This statistical study of the commercial washing machine market encompasses successful business strategies deployed by the key vendors. The commercial washing machine market is concentrated and the vendors are deploying growth strategies such as quality, regulatory compliance, and innovation to compete in the market.

Product Insights and News

• Dexter Apache Holdings Inc. - The company offers commercial washing machine equipment such as Washer, Dryer and Stack Washer-Dryer under the Daxter Laundry segment category.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial washing machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Commercial Washing Machine Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the commercial washing machine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global household appliances market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Commercial Washing Machine Market?

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39% of the market's growth will originate from APAC during the forecast period. China is the key market for commercial washing machine market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

This demand for commercial washing machines grew concurrently with the demand for laundry services in the region. Both markets were fueled by the increase in dual-income households and the disposable income of people will facilitate the commercial washing machine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

China imposed social distancing rules and strict lockdowns due to the COVID-19 outbreak in 2020, which halted the production of various commercial washing machines for several months. Likewise, India also enforced a nationwide lockdown to reduce the number of COVID-19 cases. Hence, disruptions in the production of commercial washing machines across China and India affected the commercial washing machine market in APAC in 2020. The rising number of deaths and the increasing number of active cases in various countries in APAC influenced the governments to re-impose lockdowns to reduce the spread of the disease, leading to the closure of manufacturing facilities and disruptions in cross-border trade.

What are the Revenue-generating Type Segments in the Commercial Washing Machine Market?

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The commercial washing machine market share growth by the front-loading segment will be significant during the forecast period. They are increasingly preferred in commercial applications as they are highly efficient and saves more electricity. They also use half the quantity of water required in top-load machines. Such advantages help commercial operators save on their operational costs. Manufacturers have introduced several advanced technologies in front-load commercial washing machines.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial washing machine market size and actionable market insights on post COVID-19 impact on each segment.

 

Commercial Washing Machine Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.41%
Market growth 2021-2025	$ 390.6 million
Market structure	Concentrated
YoY growth (%)	3.80
Regional analysis	Europe, North America, APAC, MEA, and South America
Performing market contribution	APAC at 39%
Key consumer countries	US, UK, Germany, China, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Alliance Laundry System LLC, BOWE Textile Cleaning GmbH, Dexter Apache Holdings Inc., Electrolux AB, Girbau North America Inc., Haier Smart Home Co. Ltd., Herbert Kannegiesser GmbH, Miele & Cie. KG, Pellerin Milnor Corp., and Whirlpool Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Commercial Washing Machine Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive commercial washing machine market growth during the next five years
• Precise estimation of the commercial washing machine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial washing machine industry across Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial washing machine market vendors

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