Global Commercial Washing Machine Market, By Product (Fully Automatic, Semi-Automatic, Dryers), Capacity (Below 6 kg, 6.1 to 8 kg, Above 8 kg), Technology (Smart Connected Washing Machine, Conventional Washing Machine), Application (Healthcare, Hospitality, Others), End-Use (Commercial, Residential), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Commercial Washing Machine Market
The commercial washing machine market is expected to witness market growth at a rate of 5.00% in the forecast period of 2021 to 2028. Data Bridge Market Research report on commercial washing machine market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in needs for differentiated products and services is escalating the growth of commercial washing machine market.
A washing machine is known to be an appliance that is utilized to washcloths and water is the main medium of a washing machine. Washing machine is the machine utilized to wash the various types of clothes with no physical efforts. There is no need to rub the clothes with hands or squeezing them to remove the water from them. These machines are also known as clothes washer or the washer which enable individuals to wash clothes automatically with no supervision. The clothes are put in the machine and then mode is selected and the machine automatically takes in the amount of water and detergent required. Then, it sets the timer for washing, rinsing and drying depending on the mode selected.
The rise in demand for commercial laundry equipment and undergoing a transition with the introduction of innovative solutions in the commercial washing machine industry acts as the major factors driving the commercial washing machine market. The consumer inclination towards card-based laundry payment systems as a substitute of coin laundries and the high adoption of automation in laundry sector accelerate the commercial washing machine market growth. The flexibility of payment alternatives and rising preference for convenience and change in consumer lifestyle also influence the commercial washing machine market growth. The initiatives taken by the government encouraging consumers and manufacturers to adopt energy-efficient appliances which utilize smart grids in order to reduce high energy consumption and the increasing need for seamlessly selecting the preferred wash cycle boosts the commercial washing machine market growth. Additionally, rapid urbanization, changing consumer buying patterns, digitalization and demand in emerging economies positively affect the commercial washing machine market. Furthermore, introduction of next-generation washing machines for the efficient use of electricity and water utilizing technology extend profitable opportunities to the commercial washing machine market players in the forecast period of 2021 to 2028.
On the other hand, the rising issues with the long replacement cycle are expected to obstruct the commercial washing machine market growth. The impact of COVID-19 on the laundry industry is projected to challenge the commercial washing machine market in the forecast period of 2021-2028.
This commercial washing machine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on commercial washing machine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Commercial Washing Machine Market Scope and Market Size
The commercial washing machine market is segmented on the basis of product, capacity, technology, application and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the commercial washing machine market is segmented into fully automatic, semi-automatic and dryers.
- On the basis of capacity, the commercial washing machine market is segmented into below 6 kg, 6.1 to 8 kg and above 8 kg.
- On the basis of technology, the commercial washing machine market is segmented into smart connected washing machine and conventional washing machine.
- On the basis of application, the commercial washing machine market is segmented into healthcare, hospitality and others.
- On the basis of end-use, the commercial washing machine market is segmented into commercial and residential.
Global Commercial Washing Machine Market Country Level Analysis
The commercial washing machine market is analyzed and market size, volume information is provided by country, product, capacity, technology, application and end-use as referenced above.
The countries covered in the global commercial washing machine market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the commercial washing machine market because of the large penetration of these products, the increasing demand for fully automatic and smart connected washing machine and rapidly expanding middle-class population in the region. North America is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the rising demand for energy-efficient devices and the growing need for replacing the tradition with smart connected machines in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Washing Machine Market Share Analysis
The commercial washing machine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commercial washing machine market.
The major players covered in the commercial washing machine market report are Alliance Laundry System LLC, Girbau North America, AB Electrolux, GE Appliances, Haier Group, IFB Industries Limited, LG Electronics, MIRC ELECTRONICS LIMITED, Panasonic Corporation, BSH Hausgeräte GmbH, SAMSUNG, Siemens, Godrej, Toshiba Corporation, Videocon Industries Limited, Whirlpool Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
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