Laundry Folding Robots Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44964
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The laundry folding robots market has the potential to grow by USD 495.98 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 38.86%.

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 market segmentation by end-user (residential and commercial) and geography (APAC, North America, Europe, MEA, and South America). The laundry folding robots market report also offers information on several market vendors, including Consolidated Laundry Machinery, FoldiMate Inc., Herbert Kannegiesser GmbH, Panasonic Corp., Ramsons Garment Finishing Equipment Pvt. Ltd., Sara Equipments, Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd., Sunrise Garment Machinery Pvt. Ltd., and Welco Garments Machinery Pvt. Ltd. among others.

What will the Laundry Folding Robots Market Size be in 2021?

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Laundry Folding Robots Market: Key Drivers and Trends

The growing acceptance of personal service robots is notably driving the laundry folding robots market growth, although factors such as the inability of robots to fold clothes of extreme sizes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laundry folding robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the laundry folding robots market is the acceptance of personal service robots.
  • Initiatives for smart cities are further encouraging the acceptance of automated solutions and residents of such cities are inclined toward automating all the aspects of their homes.
  • The immense growth in the adoption of robotic vacuum cleaners in the last decade showcases the inclination toward domestic assistance-providing robotic solutions.
  • Vendors are also focused on developing technologically advanced laundry folding robots that can integrate with the system and carry the work forward.
  • Social factors such as busy lifestyles, high levels of education, and the availability of substantial employment opportunities in the technology sector is another major feature that supports the laundry folding robots market share growth.
  • Developed countries are demonstrating a high level of interest in high-tech gadgets that can work effectively.
  • The tech-savvy population has risen considerably over the past decade and consumers are willing to purchase products that make daily tasks effortless.
  • With the increase in the aging population, countries are also putting efforts to come up with innovative robotic technology solutions that can eliminate their dependence on caretakers.
   

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 2021-2025.

Who are the Major Laundry Folding Robots Market Vendors?

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

 

  • Consolidated Laundry Machinery
  • FoldiMate Inc.
  • Herbert Kannegiesser GmbH
  • Panasonic Corp.
  • Ramsons Garment Finishing Equipment Pvt. Ltd.
  • Sara Equipments
  • Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd.
  • Sunrise Garment Machinery Pvt. Ltd.
  • Welco Garments Machinery Pvt. Ltd.

 

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 organic and inorganic growth 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 laundry folding robots 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. 

Which are the Key Regions for Laundry Folding Robots Market?

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39% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the laundry folding robots market in APAC. Market growth in this region will be slower than the growth of the market in the European and North American regions.

The increasing economic prosperity in the countries, rise in purchasing power and disposable income, growing working-class population, increasing adoption of automated solutions, and the emergence of smart cities will facilitate the laundry folding robots 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.

What are the Revenue-generating End-user Segments in the Laundry Folding Robots Market?

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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 about 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.

 

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 38.86%

Regional analysis

APAC, North America, Europe, MEA, and South America

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Consolidated Laundry Machinery, FoldiMate Inc., Herbert Kannegiesser GmbH, Panasonic Corp., Ramsons Garment Finishing Equipment Pvt. Ltd., Sara Equipments, Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd., Sunrise Garment Machinery Pvt. Ltd., and Welco Garments Machinery Pvt. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Laundry Folding Robots Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laundry folding robots market growth during the next five years
  • Precise estimation of the laundry folding robots market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laundry folding robots industry across APAC, North America, Europe, 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 laundry folding robots market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Laundry Folding Robots Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 38.86%

Market growth 2021-2025

$ 495.98 million

Market structure

Concentrated

YoY growth (%)

27.89

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 39%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Consolidated Laundry Machinery, FoldiMate Inc., Herbert Kannegiesser GmbH, Panasonic Corp., Ramsons Garment Finishing Equipment Pvt. Ltd., Sara Equipments, Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd., Sunrise Garment Machinery Pvt. Ltd., and Welco Garments Machinery Pvt. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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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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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The laundry folding robots market growth will increase by $386.14 million during 2019-2024.
The laundry folding robots market is expected to grow at a CAGR of 32.68% during 2019-2024.
Technavio has segmented the laundry folding robots market by end user (Residential and Commercial) and geographic (APAC, North America, Europe, MEA, and South America).
FoldiMate Inc., Herbert Kannegiesser GmbH are a few of the key vendors in the laundry folding robots market.
APAC will register the highest growth rate of 40.39% among the other regions. Therefore, the laundry folding robots market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the laundry folding robots market growth are:
  • Growing acceptance of personal service robots
  • Increased funding through partnerships and crowdfunding platforms
The laundry folding robots market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
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