Post-pandemic, consumers experienced the rising use of chemicals, detergents, or other essential resources in each wash cycle. Technological Advancements Across Laundry Services to Trigger Market Growth All the above mentioned factors are boosting the Industrial Laundry Machine Market growth during the forecast period. Moreover, Business Intelligence (BI) techniques and data-driven approaches to solve laundry business solutions and monitor the key performance indicator of the machines are dominating the market. For example, Danube International, a leading laundry solution provider in the residential and industrial segment, offers an IoT feature that actively contributes to the optimization and efficiency of machines. Smart capabilities such as IoT and smart monitoring of the wash cycle are the features that dominate the market growth. Consumers need more reliable, smart, and efficient laundry solutions that can solve hectic laundry operations with minimal guidance. Laundry operations are never a choice for anyone and time-bound work culture is an additional factor helping the growth of smart laundry solutions in the market.
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Request a Free sample to learn more about this report.Īutomation Growth and Smart IoT Capabilities to Boost the Market Growth Thus, factors such as hygiene and cleaning are the prime market motivators that raise the demand for commercial laundry solutions and will significantly grow in the forecast period. However, consumer rising potential savings during the pandemic changed the market shift toward traveling & tourism to hoist demand for laundry equipment in post-pandemic. For instance, the net sales of Girbau dropped by around -38.0% in fiscal year 2020 as compared to fiscal year 2019. Additionally, supply chain disruption and halted manufacturing activities directly impacted the sales of manufacturers, which is restraining for the growth of the market. Moreover, rising electricity tariffs and more operational costs are factors which restrain the growth of the market. COVID-19 IMPACTĬOVID-19 Pandemic Resulted in the Partial or Complete Closure of Manufacturing ActivitiesĬOVID-19 pandemic negatively affected the business of washing machines manufacturers. Furthermore, a steady shift of consumers toward tourism surges the demand for dry cleaning and laundry services in the market. Such washing and hygiene managing features are trends in the market that offer long-term reliability. For example, Kannegiesser, a leading laundry manufacturer, provides distinct and high-processing innovations such as washer extractor technology having advanced measuring and sensing technology.
Trends and developments in the laundry sector enable cost reduction with minimal consumer environmental pollution, which enforces manufacturers to launch technological advanced industrial laundry systems are the key factors driving the market growth. However, electricity prices and the decline of resources such as water and treatment chemicals are restraining market growth. RFID tags and robotics are some technological advancements in laundry machines, which are surging the demand for laundry equipment in the market. In addition, the rising continual usage of work wear, clean linen, and uniforms in large industry domains such as hospital industry, healthcare, food and beverage, automotive, and other (marine) created a need for effective laundry machines in the market.ĭue to the growing daily cloth cleaning and drying activities, consumers seek features such as proper tracking, process automation, and information management in industrial laundries. Industrial washer, industrial dryer, industrial cleaner, and industrial extractor are some of the equipment for laundry applications. The machines offer varied services to end users such as dry-cleaning & laundry services on a rental or contract basis. Laundry machines are designed and manufactured to clean heavy amounts of clothes and fabric with minimal time and optimal operational resources. The global industrial laundry machine market size was valued at USD 2.61 billion in 2022 and is anticipated to grow from USD 2.68 billion in 2023 to USD 3.86 billion by 2030, exhibiting a CAGR of 5.3% during the forecast period.
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