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 size was valued at USD  1.40 billion in 2019 and is poised to grow from USD 1.45 billion in 2023 to USD 1.91 billion by 2031, at a CAGR of 3.4% during the forecast period (2024-2031).

Commercial laundry equipment has a variety of features and wash cycles to choose from. This makes it possible to wash a variety of garments because different materials have different tolerances. These machines were created using top-notch materials and cutting-edge technology. Healthcare, hospitality, education, and the service sector are just a few of the areas that might benefit from commercial laundry machines' laundry solutions. The use of commercial washing equipment in different industries is influenced by changes in consumer lifestyle. Front-load washing machines are effective and use significantly less water and electricity than top loaders. This enables business owners to reduce operating expenses. Because of these benefits, the Commercial Laundry Market for industrial laundry machines is expanding.

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 for commercial laundry machines to flourish. The demand for newer and more sophisticated washing products in business settings is probably being driven by shifting customer lifestyles and preferences about cleaning products. Commercial Laundry Market expansion is being supported by an increase in commercial infrastructure amenities like hotels and restaurants, hospitals, and educational institutions. For instance, the Rebuilding Hospitality report states that global occupancy increased to 46% in April 2021 from a low of 13% in April 2020. As a result, the occupancy rate in the hospitality industry has increased by two-thirds to pre-pandemic levels of roughly 70% for this time of year. A growing worldwide population is significantly boosting the need for cleaning supplies and laundry products. Additionally, the expanding textile sector stimulates the production of a variety of wearables and personal clothing items, supporting the demand for washer and dryer equipment.

As the laundry services market has grown, more clothing-washing and ironing shops are using these items. The demand for travel and tourism, which in turn facilitates the demand for expert cloth cleaning solutions, is also being driven by the rising affluence of the world's population.

US Commercial Laundry Market is poised to grow at a sustainable CAGR for the next forecast year.