Commercial Laundry Market Size, Share, Growth Analysis, By Product(Washers & Dryers, Dry Cleaners, Commercial Laundry Storages, Others), By Application(Hospitals, Hotels & Restaurants, Laundry Stores, Others), By Distribution Channel(Hypermarkets & Supermarkets, Specialty Stores, Online Stores, Other), By Region - Industry Forecast 2024-2031

Commercial Laundry Market Driver

An expanding hospitality sector is driving up demand for commercial washing equipment

• Dry cleaning machines, washing machines, presses, and industrial dryers are all examples of laundry equipment. Resorts, hotels, and other establishments are increasingly using commercial laundry equipment. Additionally, private laundry service providers make use of this equipment. The hotel sector is growing as construction activity rises in emerging nations like China and Japan. Rising tourism in these nations is to blame for this. These elements are promoting the Commercial Laundry Market expansion for commercial laundry equipment.

Growing Disposable Income

• Growing disposable income and public awareness of hygienic and effective cleaning techniques is increasing among people. In turn, this motivates laundry stores to meet the rising demand for laundry services. Government rules for energy-efficient equipment are also driving up vendor competitiveness to develop cutting-edge features. These elements are helping the market for commercial laundry machines develop even more. However, obstacles including the price of replacing failed equipment and rising raw material costs are impeding Commercial Laundry Market expansion.

Commercial Laundry Market Restraint

Increasing household washing machine usage

• Despite the promising outlook, increasing household washing machine usage is projected to limit the growth of commercial laundry services throughout the projection period to some extent. Research indicates that China sold almost 72 million units of residential washing machines in 2018. During the forecast period, further advancements in washing machines and a drop in their prices are anticipated to restrain the market growth. According to data by the Observatory of Economic Complexity (OEC), the worldwide trade of household washing machines as of 2020 was $14.5 million.

High water footprint and growing concerns for the environment

• The global commercial laundry market has a higher water footprint as water is the main player in all the services given in the laundry system. According to PUB, Singapore’s National Water Authority, 87% of the water consumed by a commercial laundry facility is used in the laundry process, there is potential for the facility to recycle as much water as possible to ensure water sustainability. 87% of the water is utilized during the process of cleaning, 7%in the boilers, 4% and toilets and pantries and 2% in others.