Industrial Laundry Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Industrial Laundry Market
The industrial laundry market size was valued at USD 2.61 billion in 2023, and the market is now projected to grow from USD 2.68 billion in 2024 to USD 3.86 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period of 2024-2032.
Manufacturing companies of washing machines were badly impacted by the COVID-19 outbreak. The market's expansion is further limited by reasons such as increased operating expenses and rising electricity rates. The market's expansion is being restrained by supply chain disruption and suspended production operations, which have a direct effect on manufacturers' sales. These factors affected the industrial laundry market growth.
The consumption of chemicals, detergents, and other necessary resources in every wash cycle increased for customers after the epidemic. These factors affected the industrial laundry market share. These machines are designed to operate with the least amount of water, detergent, and chemicals. The revenue and share systems numbers are off the charts and demands are touching the skies.
The market is divided into categories according to kind, including industrial extractors, dryers, washers, and dryers (garment finishing, ironing). The market is segmented into food and beverage, hospitality, healthcare, automotive, and other (marine) applications based on their use.
Comprehensive Analysis of Industrial Laundry Market
The market is divided into categories according to kind, including industrial extractors, dryers, washers, and dryers (garment finishing, ironing). The market is segmented into food and beverage, hospitality, healthcare, automotive, and other (marine) applications based on their use.
Asia Pacific is expected to be the leading region of this particular product market. As a result of growing health concerns and precautions against microbial or viral exposure. This particular product market is expanding due to various reasons. Following the pandemic, growing consumer consciousness of hygiene and cleanliness led to an increase in the usage of commercial cleaning solutions in both the commercial and industrial sectors, which propels the market's expansion.
Moderate market fragmentation exists. In addition to spending money on R&D to manufacture items, these businesses have large production capacities. MAG Laundry Equipment (U.K), Laundrylux Inc (U.S.), Herbert Kannegiesser GmbH (Germany), Vega Systems Group (Netherlands), Lavatec Laundry Technology GmbH (Germany), andare some of the major competitors of this particular product market.
In October 2022, the manufacturer of laundry solutions, Domus, unveiled their recently invented fully integrated laundry solution. The company currently sells dryers and heat pumps ranging in weight from 8–10 kg to 22 kg. These are small, IoT-connected devices with doors that can be opened 180 degrees for convenience of use.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Unit Value (USD Billion)
Segmentation By Type, Application, and Region
By Type
Industrial Washer
Industrial Dryer
Industrial Cleaner
Industrial Extractor
Others (Garment Finishing, Ironing)
By Application
Hospitality
Healthcare
Food & Beverages
Automotive
Others (Marine)
By Region
North America (By Type, By Application, and By Country)
U.S. (By Type)
Canada (By Type)
Mexico (By Type)
Europe (By Type, By Application, and By Country)
- Germany (By Type)
- France (By Type)
- U.K. (By Type)
- Italy (By Type)
- Rest of Europe
Asia Pacific (By Type, By Application, and By Country)
- China (By Type)
- Japan (By Type)
- India (By Type)
- South Korea (By Type)
- Rest of Asia Pacific
Middle East & Africa (By Type, By Application, and By Country)
- GCC Countries (By Type)
- South Africa (By Type)
- Rest of Middle East and Africa
South America (By Type, By Application, and By Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of South America
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