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The laundry Folding Robots Market is projected to grow by USD 12.90 billion with a CAGR of 37.35%, during the forecast period 2021 to 2026.
This laundry folding robots 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 laundry folding robots market segmentations by end-user (residential and commercial) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The laundry folding robots market report also offers information on several market vendors, including Consolidated Laundry LLC, Herbert Kannegiesser GmbH, Panasonic Holdings Corp., Sara Equipments, Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd., Sunrise Garment Machinery Pvt. Ltd., Welco Garments Machinery Pvt. Ltd., and Ramsons Garment Finishing Equipment Pvt. Ltd. among others.
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Our researcher studied the historical data for years, with 2021 as the base year, and 2022 as the estimated year, and produced drivers, trends, and challenges for the laundry folding robots market. In the COVID-19 pandemic, the demand for laundry folding robots market has impacted a lot accelerating but a holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.
Key Laundry Folding Robots Market Driver
The growing acceptance of personal service robots is the major driver fueling the laundry folding robot market growth. The inclusion of advanced technologies such as AI, IoT, and others has increased the capability of the products to adapt to the environment and provide insights accordingly, which will increase the demand for these products. Initiatives for smart cities are further encouraging the acceptance of automated solutions. Residents of such cities are inclined toward automating all the aspects of their homes, from electricity use to laundry. The immense growth in the adoption of robotic vacuum cleaners in the last decade showcases the inclination toward domestic assistance-providing robotic solutions. The inclusion of IoT, /image processing technologies, and AI in laundry folding robots will enable connectivity with smart home control systems and ease workflow and control. We anticipate that the growth in smart cities will further provide an impetus to the concerned market during the forecast period.
Key Laundry Folding Robots Market Trend
Internet of Things (IoT) integration in robots is the major trend fueling the growth of the engineering services market. Currently, IoT has already been commercialized in various applications and is simplifying connectivity techniques. Interoperability and data readability issues have found better solutions with the advent of IoT. Laundry folding robots are also equipped with this technology to provide better control to the users and allow smooth workflow. Vendors are focused on collaborating with the companies offering these technologies. For example, the voice-based command in Laundroid works only with Cerevo's Lumigent and cannot accept other sources such as Siri and Alexa. However, we expect that during the forecast period, technologies such as onboard Wi-Fi and application-based control enable laundry folding robots to provide remote and easy control. The inability of robots to fold clothes of extreme sizes. Companies have been conducting extensive research and development in laundry folding robots for the last five years and have successfully designed an optimal product that can fold clothes without any manual intervention. Furthermore, the inclusion of technologies such as AI and /image processing, and the capability of the robots to undertake tasks effectively, have largely increased.
Key Laundry Folding Robots Market Challenge
The inability of robots to fold clothes of extreme sizes is a major hindrance to the market growth of the laundry folding robot market. Companies have been conducting extensive research and development in laundry folding robots for the last five years and have successfully designed an optimal product that can fold clothes without any manual intervention. Furthermore, the inclusion of technologies such as AI and /image processing, and the capability of the robots to undertake tasks effectively, have largely increased. Using sensors, laundry folding robots can fold regular-sized clothes efficiently. However, these robots face a challenge in folding clothes of extreme sizes, such as handkerchiefs and bedsheets or curtains. This setback of the robot is a major hindrance to the market growth and acceptance of the product in the commercial sector. We anticipate that vendors will continue improving the product and refine the robots' capability to fold clothes of all sizes during the forecast period. However, it is a major challenge for the global laundry folding market in the current scenario.
This laundry folding robots 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 2022-2026.
Technavio categorizes the global laundry folding robots market as a part of the global industrial machinery 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 laundry folding robots market during the forecast period.^^^
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the laundry folding robots market encompasses successful business strategies deployed by the key vendors. The laundry folding robots market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market
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 vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the laundry folding robots 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 report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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32% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for laundry folding robots market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
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.
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The laundry folding robots market share growth by the residential segment will be significant during the forecast period. Sales of laundry folding robots in the residential sector will take off rapidly, especially among dual-earning families and individuals, due to high disposable incomes. The demand for laundry folding robots is driven by the increasing acceptance of automated solutions by consumers, owing to their busy lifestyles and rising awareness of the technology.
This report provides an accurate prediction of the contribution of all the segments to the growth of the laundry folding robots market size and actionable market insights on post COVID-19 impact on each segment.
Laundry Folding Machine market - The market share is projected to grow by USD 2.39 billion with a CAGR of 8.51% during the forecast period 2021 to 2026.
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Laundry Folding Robots Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 37.35% |
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Market growth 2022-2026 |
$ 12.90 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
35.88 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 32% |
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Key consumer countries |
US, Canada, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Consolidated Laundry LLC, Herbert Kannegiesser GmbH, Panasonic Holdings Corp., Sara Equipments, Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd., Sunrise Garment Machinery Pvt. Ltd., Welco Garments Machinery Pvt. Ltd., and Ramsons Garment Finishing Equipment Pvt. Ltd. |
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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 the forecast period |
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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