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Commercial Washing Machine Market: USD 390.6 million Growth from 2020 to 2025 | Vendors Focusing on Technology to Sustain in the Market| Technavio
NEW YORK, June 14, 2022 /PRNewswire/ -- Commercial washing machines considered in the scope of the report include those used by commercial establishments such as restaurants, hotels, hospitals, laundry service providers, and fabric industries to launder clothes. The hospitality industry generates the highest demand for commercial washing machines.
Technavio estimates that the commercial washing machine market size will grow by USD 390.6 million from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 4.41% during the forecast period.
Get a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Porter's Five Forces Analysis - Bargaining power of buyers
There are large buyer groups in the market, including hotels, resorts, hospitals, and laundry service providers, which reduces the bargaining power of buyers. They mainly focus on different product features such as washing modes, load capacity, and the level of customization offered by vendors. Hence, the bargaining power of buyers was moderate in 2020 and is expected to remain the same during the forecast period.
The Report offers information on all the Porter's Five Forces. Buy Now to gain insights that will help you improve your business.
Vendor Landscape Vendors are focusing on technology for innovating products to sustain themselves in the market, along with brand building and product differentiation. They differentiate themselves mainly based on quality, regulatory compliance, and innovation. The price differentiation among vendors is high, as the price of products varies based on product features.
Some of the key vendors operating in the market include Electrolux AB, Whirlpool Corp., Haier Smart Home Co. Ltd., Miele & Cie. KG, and Pellerin Milnor Corp.
The report provides a full list of key vendors, their strategies, and the latest developments. Request a PDF Sample Now
Market Segmentation The commercial washing machine market has been segmented by type into front-loading and top-loading. Among these, the front-loading segment will account for the highest market growth. They are preferred by commercial establishments as they are highly efficient and save time and electricity. They also require half the quantity of water required in top-load machines.
By geography, the market has been segmented into North America, Europe, APAC, South America, and the Middle East and Africa. APAC will have the highest market growth during the forecast period. Factors such as an increase in dual-income households and the disposable income of people will drive the growth of this market during the forecast period.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report
Key Drivers and Trends The growing hospitality industry is driving the growth of the global commercial washing machine market. These washing machines are used in hotels, resorts, and other establishments for consumers availing laundry services. Among these, hotels are the major customers of commercial washing machines.
The introduction of technologically advanced machines is a key trending factor impacting the global commercial washing machine market growth. Vendors are focusing on incorporating advanced technological features to help their consumers enhance productivity. Technological advances and automation are expected to enhance the cost, water, and energy efficiency.
Apart from the introduction of technologically advanced machines, many other trends are also shaping the future of the market. View PDF Sample Report to learn about these trends
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Market Scope
| Report Coverage
| Details
| Page number
| 120
| Base year
| 2020
| Forecast period
| 2021-2025
| Growth momentum & CAGR
| Accelerate at a CAGR of 4.41%
| Market growth 2021-2025
| USD 390.6 million
| Market structure
| Concentrated
| YoY growth (%)
| 3.80
| Regional analysis
| Europe, North America, APAC, MEA, and South America
| Performing market contribution
| APAC at 39%
| Key consumer countries
| US, UK, Germany, China, and Canada
| Competitive landscape
| Leading companies, Competitive strategies, Consumer engagement scope
| Key companies profiled
| Alliance Laundry System LLC, BOWE Textile Cleaning GmbH, Dexter Apache Holdings Inc., Electrolux AB, Girbau North America Inc., Haier Smart Home Co. Ltd., Herbert Kannegiesser GmbH, Miele & Cie. KG, Pellerin Milnor Corp., and Whirlpool Corp.
| Market dynamics
| Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
| Customization purview
| If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Table of Contents 1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Household appliances
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 15: Type - Market share 2020-2025 (%)
- 5.2 Comparison by Type
- Exhibit 16: Comparison by Type
- 5.3 Front-loading - Market size and forecast 2020-2025
- Exhibit 17: Front-loading - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Front-loading - Year-over-year growth 2020-2025 (%)
- 5.4 Top-loading - Market size and forecast 2020-2025
- Exhibit 19: Top-loading - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Top-loading - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Type
- Exhibit 21: Market opportunity by Type
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 Europe - Market size and forecast 2020-2025
- Exhibit 25: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: Europe - Year-over-year growth 2020-2025 (%)
- 7.4 North America - Market size and forecast 2020-2025
- Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Overview
- Exhibit 38: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Alliance Laundry System LLC
- 10.4 BOWE Textile Cleaning GmbH
- Exhibit 47: BOWE Textile Cleaning GmbH - Overview
- Exhibit 48: BOWE Textile Cleaning GmbH - Product and service
- Exhibit 49: BOWE Textile Cleaning GmbH - Key news
- Exhibit 50: BOWE Textile Cleaning GmbH - Key offerings
- 10.5 Dexter Apache Holdings Inc.
- Exhibit 51: Dexter Apache Holdings Inc. - Overview
- Exhibit 52: Dexter Apache Holdings Inc. - Product and service
- Exhibit 53: Dexter Apache Holdings Inc. - Key offerings
- 10.6 Electrolux AB
- Exhibit 54: Electrolux AB - Overview
- Exhibit 55: Electrolux AB - Business segments
- Exhibit 56: Electrolux AB - Key news
- Exhibit 57: Electrolux AB - Key offerings
- Exhibit 58: Electrolux AB - Segment focus
- 10.7 Girbau North America Inc.
- Exhibit 59: Girbau North America Inc. - Overview
- Exhibit 60: Girbau North America Inc. - Product and service
- Exhibit 61: Girbau North America Inc. - Key news
- Exhibit 62: Girbau North America Inc. - Key offerings
- 10.8 Haier Smart Home Co. Ltd.
- Exhibit 63: Haier Smart Home Co. Ltd. - Overview
- Exhibit 64: Haier Smart Home Co. Ltd. - Business segments
- Exhibit 65: Haier Smart Home Co. Ltd. - Key offerings
- Exhibit 66: Haier Smart Home Co. Ltd. - Segment focus
- 10.9 Herbert Kannegiesser GmbH
- Exhibit 67: Herbert Kannegiesser GmbH - Overview
- Exhibit 68: Herbert Kannegiesser GmbH - Product and service
- Exhibit 69: Herbert Kannegiesser GmbH - Key news
- Exhibit 70: Herbert Kannegiesser GmbH - Key offerings
- 10.10 Miele & Cie. KG
- Exhibit 71: Miele & Cie. KG - Overview
- Exhibit 72: Miele & Cie. KG - Product and service
- Exhibit 73: Miele & Cie. KG - Key offerings
- 10.11 Pellerin Milnor Corp.
- Exhibit 74: Pellerin Milnor Corp. - Overview
- Exhibit 75: Pellerin Milnor Corp. - Product and service
- Exhibit 76: Pellerin Milnor Corp.- Key news
- Exhibit 77: Pellerin Milnor Corp. - Key offerings
- 10.12 Whirlpool Corp.
- Exhibit 78: Whirlpool Corp. - Overview
- Exhibit 79: Whirlpool Corp. - Business segments
- Exhibit 80: Whirlpool Corp. - Key news
- Exhibit 81: Whirlpool Corp. - Key offerings
- Exhibit 82: Whirlpool Corp. - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 83: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 84: Research Methodology
- Exhibit 85: Validation techniques employed for market sizing
- Exhibit 86: Information sources
- 11.4 List of abbreviations
- Exhibit 87: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Website: www.technavio.com/
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