commercial washing machine market segmentation and analysis by technavio
TRANSCRIPT
GROWTH MOMENTUM OF THE COMMERCIAL WASHING MACHINE MARKET TO SPEED UP
Commercial washing machines are those that are used in commercial establishments such as restaurants, hotels, hospitals and fabric industries to launder clothes.
Commercial washing machine market is expected to grow to $1,900.51mn by 2022
The global commercial washing machine market is expected to grow at a CAGR of more than 10% through 2022.
A major driver for the growth of the optical transceiver market is the migration from the use of copper wires to optic fibers.
After the commercial laundry industry, the hospitality industry generates the highest demand for commercial washing machines. These washing machines are used in hotels, resorts, and other establishments for consumers availing laundry services at these destinations.
THE MARKET IS FUELED BY GROWTH IN HOSPITALITY INDUSTRY
WORLD'S TOP BRANDS LEAD THE WAY
Alliance Laundry Systems Continental Girbau
Dexter Apache Holdings
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The commercial washing machine market is characterized by numerous vendors.
Electrolux
Whirlpool
BÖWE
EMEA IS THE COMMERCIAL WASHING MACHINE STRONGHOLD
Countries in EMEA, especially the UK, Germany, and the UAE, are rising significantly in the market owing to the increasing tourism industry that generates demand for laundry services from hotels and resorts.
EMEA accounted for the largest market share of 40.63% in 2017
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INTRODUCTION OF TECHNOLOGICALLY ADVANCED MACHINES
The market has witnessed various technological advances during the past couple of years. The vendors operating in the market strive to provide professional laundry machineries with advanced technological features that would help their consumers enhance productivity.
Manufacturers mainly focus on changing or advancing the aspects of their washing machines such as: Functions and features, and Cost and energy efficiency of the machine
is the share of Front load
commercial washing machine segment in 2018
61%
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