Commercial Dryer Market By Product Type (Tumble Dryers, Condenser Dryers, Heat Pump Dryers, Vented Dryers) , By Fuel Type (Electric Dryers, Gas Dryers) By Application (Hospitality, Healthcare, Laundromats, Educational Institutions, Commercial Laundry Services, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Commercial Dryer Market
The commercial dryer market was valued at $2.6 billion in 2023 and is projected to reach $3.9 billion by 2033, growing at a CAGR of 4.2% from 2024 to 2033.
A commercial dryer is a large-scale laundry equipment used for removing moisture from washed clothes. It is larger than the ones used in residential settings. Commercial dryers remain operable for more than 8 hours a day and usually last for 10-15 years. These dryers exhibit the capacity to deliver optimal performance for large loads of clothes in short durations. Moreover, advanced commercial dryers come equipped with ingenious features such as automated programming and water recycling systems.
With increasing adoption of in-house laundry services in the healthcare and hospitality sectors, the growth of the commercial dryer market is driven significantly. In addition, upsurge in the establishment of laundromats due to the fast-paced lifestyle of individuals is propelling the development of the market as commercial dryers allow individuals to dry bulk of their clothes in short time period. With advancements in technology, the integration of connectivity features into these dryers is trending in recent times. These features facilitate early detection of damage in the equipment through real-time data monitoring, thereby reducing the chances & duration of downtime and enhancing the laundry performance.
However, the initial capital investment required for the purchase of commercial dryers remains considerable high, which restrains the development of the market. Furthermore, the presence of highly competent alternatives such as freeze drying and solar drying hampers the widespread expansion of the commercial dryer market. On the contrary, boost in requirement for conventional laundromats due to upsurge in the culture of renting houses is poised to present lucrative opportunities for the commercial dryer market. According to an article by The Laundry Boss—a cloud-based software and hardware company—approximately 60% of the total laundromat users in the U.S. are renters living in apartments with no laundry facilities. Hence, the house renting lifestyle is projected to open new avenues for the commercial dryer market.
Segment ReviewThe commercial dryer market is segmented into product type, fuel type, application, and region. On the basis of product type, the market is divided into tumble dryers, condenser dryers, heat pump dryers, and vented dryers. As per fuel type, it is bifurcated into electric dryers and gas dryers. By application, it is classified into hospitality, healthcare, laundromats, educational institutions, commercial laundry services, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the tumble dryers segment dominated the market in 2023.
As per fuel type, the electric dryers segment accounted for a high share of the market in 2023.
By application, the laundromats segment acquired a high stake in the market in 2023.Region wise, Europe was the highest revenue generator in 2023.
Competition AnalysisThe major players operating in the global commercial dryer market include AB Electrolux, General Electric, Aqualogic, Alliance Laundry Systems, Stefab, IFB Industries, Dexter Apache Holdings, LG Electronics, American Dryer, and Continental Girbau. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypeTumble Dryers
Condenser Dryers
Heat Pump Dryers
Vented Dryers
By Fuel TypeElectric Dryers
Gas Dryers
By ApplicationHospitality
Healthcare
Laundromats
Educational Institutions
Commercial Laundry Services
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersAB Electrolux
General Electric
Aqualogic
Alliance Laundry Systems
Stefab
IFB Industries
Dexter Apache Holdings
LG Electronics
American Dryer
Continental Girbau