Laundry Folding Machine Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Germany, Japan, France - Size and Forecast 2024-2028

Laundry Folding Machine Market Size 2024-2028

The laundry folding machine market size is forecast to increase by USD 1.16 billion at a CAGR of 4.5% between 2023 and 2028.

• The market is experiencing significant growth due to several driving factors. Societal trends, such as the increasing number of dual-income households and the rising demand for convenience, are fueling the adoption of these machines. Industrial washers and dryers, equipped with advanced functionality and smart home solutions, are also contributing to the market's growth. Additionally, the integration of Internet of Things (IoT) technology in laundry folding machines is adding value to consumers by enabling remote operation and real-time monitoring. However, there are challenges that need to be addressed, including the inability of machines to fold clothes of extreme sizes, which may limit their appeal to certain consumer segments. Overall, the market is expected to continue growing, driven by these trends and the ongoing development of advanced technologies to address existing challenges.

What will be the Size of the Laundry Folding Machine Market During the Forecast Period?

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• The market encompasses automatic and manual folding solutions designed for apparel manufacturers, industrial launderers, hotels, and hospitals. This market is driven by the increasing demand for convenience and efficiency in commercial laundry operations. Automatic folding machines, integrated with sensors, folding algorithms, and user-friendly interfaces, streamline the folding process and reduce labor costs.
• The integration of robotics, computer vision, and artificial intelligence further enhances the capabilities of laundry folding machines, making them an essential part of the automated washing equipment landscape. As busy lives continue to prioritize home automation, the market for laundry folding machines is poised to expand, becoming an integral component of the connected home ecosystem.

How is this Laundry Folding Machine Industry segmented and which is the largest segment?

The laundry folding machine industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Apparel manufacturers
  • Industrial launderers
  • Hotels
  • Hospitals
  • Others
• Type
  • Automatic
  • Semi-automatic
  • Manual folding machine
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • Germany
    • France
  • South America
  • Middle East and Africa

By End-user Insights

• The apparel manufacturers segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing adoption of automation in various industries, particularly in apparel manufacturing. These machines are essential for apparel manufacturers to efficiently fold fabrics, textiles, and clothes, improving their production processes. The machines offer user-friendly interfaces, functionality, and compatibility with smart home appliances and connected home ecosystems. Industrial launderers, hotels, hospitals, and commercial laundry businesses also utilize laundry folding machines, with both automatic and manual options available. Commercial washers and dryers, along with technicians and parts specialists, support the market's growth. Key players In the market include manufacturers of automated washing equipment, folding algorithms, sensors, and smart home solutions, such as voice-activated assistants and mobile applications.

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The apparel manufacturers segment was valued at USD 1.49 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 28% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region contributing to the market is APAC. The Asia Pacific region is experiencing significant growth In the demand for laundry folding machines due to increasing economic prosperity, rising disposable incomes, a growing working-class population, and the adoption of automated solutions. Japan leads the market, with a high awareness of machine benefits among users and an aging population. By 2035, over 15% of Japanese households will have elderly individuals living alone, aged 65 and above, increasing the need for machines to assist with daily tasks. In addition, the emergence of smart cities and the trend towards home automation and smart gadgets will further boost sales. Laundry folding machines come in various forms, including automatic and manual models, catering to both residential and commercial sectors.

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Moreover, these machines offer features such as user-friendly interfaces, functionality, durability, and reliability. Smart home appliances, connected home ecosystems, and eco-friendly designs are also gaining popularity. Key players In the market include manufacturers, industrial launderers, hotels, hospitals, technicians, parts specialists, sales representatives, coin-operated laundry businesses, dry cleaning ventures, and appliance retailers.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Laundry Folding Machine Industry?

• Social factors driving adoption of laundry folding machines is the key driver of the market. The market is experiencing significant growth due to the increasing preference for automated solutions in response to busy lifestyles and a tech-savvy population. With rising education levels and employment opportunities in technology sectors, the availability of workers for household chores has decreased. To address this challenge, consumers are turning to automated laundry folding machines. Additionally, the tech-savvy population's interest in high-tech gadgets that simplify daily tasks is driving demand for these machines. Furthermore, the aging population's growth is another key factor fueling market expansion. These machines offer functionality, user-friendly interfaces, and compatibility with smart home ecosystems, making them essential home automation products.
• Laundry folding machines come in various forms, including automatic and manual, catering to residential, commercial, and industrial applications. The market encompasses coin-operated laundry businesses, dry cleaning ventures, and automated washing equipment. Folding algorithms, sensors, and voice-activated assistants are some advanced features that enhance the user experience. The market's growth is also influenced by the increasing popularity of smart home solutions, robotics, computer vision, and artificial intelligence. The demand for eco-friendly materials and energy-efficient designs is another trend shaping the market. Overall, the market is poised for substantial growth during the forecast period.

What are the market trends shaping the Laundry Folding Machine Industry?

• Integration of Internet of Things (IoT) in laundry folding machines is the upcoming market trend. The market is experiencing significant advancements with the integration of Internet of Things (IoT) technology. IoT enables seamless data transfer between devices, simplifying connectivity and interoperability issues. In the laundry industry, this technology is being adopted to enhance user control and streamline workflows in commercial and industrial settings. companies in this sector are collaborating with IoT solution providers to incorporate features such as voice-activated controls and smart home integration. For instance, Seven Dreamers Laboratories partnered with Cerevo to implement voice commands In their laundry folding machines. This technology allows users to control the machines remotely, making laundry processes more convenient and efficient.
• Additionally, IoT-enabled laundry folding machines offer compatibility with various home automation products, including voice-activated assistants and mobile applications, creating a connected home ecosystem. The focus on automation and home automation solutions, coupled with the durability and reliability of these machines, makes them an attractive investment for apparel manufacturers, industrial launderers, hotels, hospitals, and even coin-operated laundry businesses and dry cleaning ventures. The market for automated washing equipment, including folding machines, is expected to grow as consumers increasingly value convenience and sustainability, with a preference for eco-friendly materials and energy-efficient designs.

What challenges does the Laundry Folding Machine Industry face during its growth?

• Inability of machines to fold clothes of extreme sizes is a key challenge affecting the industry growth. Laundry folding machines have seen significant advancements in technology over the past five years, with companies investing heavily in research and development. The integration of artificial intelligence (AI) and image processing enables these machines to fold clothes automatically, increasing efficiency and convenience. Sensors are utilized to fold standard-sized garments, while challenges remain in folding larger items such as bedsheets and curtains. This limitation hampers market growth and acceptance in commercial sectors. Automatic folding machines cater to various industries, including apparel manufacturers, industrial launderers, hotels, and hospitals. Commercial washers and dryers, along with folding machines, are essential for these sectors to maintain high levels of productivity and hygiene.
• Technicians and parts specialists are required for installation, maintenance, and repairs. Coin-operated laundry businesses and dry cleaning ventures also benefit from automated washing equipment and folding machines. Smart home appliances and the connected home ecosystem cater to busy lives and home automation trends. User-friendly interfaces, functionality, and compatibility are crucial factors for these machines' success. Infrared sensor-based machines and robotic manipulation are becoming increasingly popular in residential machines, commercial machines, and industrial machines. Online retail, offline retail, e-commerce platforms, brand websites, and appliance retailers offer various purchasing options. The Internet of Things (IoT), smart homes, sustainability, and garment care are key considerations for consumers.

Exclusive Customer Landscape

The laundry folding machine market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the laundry folding machine market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, laundry folding machine market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Consolidated Laundry LLC
• Electrolux Professional AB
• FoldiMate
• Herbert Kannegiesser GmbH
• Panasonic Holdings Corp.
• Ramsons Garment Finishing Equipment Pvt. Ltd.
• Sara Equipments
• Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd
• Sunrise Garment Machinery Pvt. Ltd.
• Y.A.C. HOLDINGS CO. LTD

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a range of automated solutions designed to streamline the folding process for various industries, including apparel manufacturers and industrial launderers. These machines cater to diverse sectors such as hotels and hospitals, offering both manual and automatic options. Automatic folding machines employ advanced technologies like folding algorithms, sensors, and user-friendly interfaces to ensure optimal functionality. The integration of smart home appliances and connected home ecosystems further enhances their appeal, catering to the demands of busy lives and home automation trends. The market exhibits significant growth due to the increasing popularity of automated washing equipment and the convenience they offer.

In addition, robotics, computer vision, and artificial intelligence are key technologies driving innovation in this sector. Manual folding machines continue to hold a strong presence In the market, particularly in residential applications. However, commercial and industrial machines are increasingly adopting automation to improve efficiency and productivity. The market for laundry folding machines is diverse, with various sales channels including online retail, offline retail, e-commerce platforms, brand websites, physical stores, and appliance retailers. These channels cater to different customer segments, each with unique preferences and requirements. The market is characterized by a focus on durability, reliability, and compatibility. Infrared sensor-based machines are gaining popularity due to their ability to detect fabric types and fold accordingly, ensuring high-quality results.

Furthermore, environmental sustainability is a growing concern In the market, with eco-friendly materials and energy-efficient designs becoming increasingly important. The integration of smart home solutions and the Internet of Things further enhances the market's appeal, offering users greater control and convenience. The market is highly competitive, with various players offering innovative solutions to cater to diverse customer needs. Technicians and parts specialists play a crucial role in ensuring the smooth operation of these machines, while sales representatives work to build strong relationships with customers and promote new product offerings.

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What are the Key Data Covered in this Laundry Folding Machine Market Research and Growth Report?

• CAGR of the Laundry Folding Machine industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the laundry folding machine market growth of industry companies

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