The Asia Pacific is witnessing a significant demand for laundromat machines due to rapid urbanisation and rising disposable income in densely populated countries like China and India. Laundromat machines offer quick and thorough cleaning; they also extend the shelf life of clothes by protecting the fabric.
Besides, the growing hospitality sector and an influx of tourism in ASEAN countries such as Thailand, Malaysia and Indonesia are surging the requirement for quick cleaning, dry cleaning, and rinsing devices, fuelling the laundromat machines market growth. Technological advancements further contribute to the market expansion of laundromat machines.
For instance, tilt designs in washing machines free up residential space and provide a personalised washing experience through e-devices, and the innovation in wireless dryers positively influences the growth of the market. Consumer awareness towards cleanliness and personal hygiene also supports the market expansion.
With the increasing trend of sustainability, key players are attempting to develop laundromat machines that can reduce water usage while offering energy efficiency. Moreover, the launch of innovative laundromat machines by companies such as LG (KRX: 003550) and Whirlpool Corporation (NYSE: WHR) further bolsters the market expansion.
For instance, in April 2021, LG Electronics introduced its smart laundromat, Laundry Lounge, in Manilla, the Philippines. The contactless and digital laundromat is designed to provide a convenient and premium experience to customers and owners. The Laundry Lounge app, available for Android devices, also enhances the laundromat experience by enabling customers to make contactless payments, monitor laundry progress, and reserve a dryer or washer.
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The major players in the global laundromat machines market are LG Electronics, Inc., EDRO Corporation, Electrolux AB, Whirlpool Corporation, Alliance Laundry Systems LLC, BÖWE Textile Cleaning GmbH, IFB Appliances, Fagor Industrial S. Coop (Fagor Professional), Dexter Apache Holdings, Inc., and Lead Group of Companies, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
|Scope of the Report
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product Type
|Breakup by Capacity
|Breakup by Price Category
|Breakup by End-Use
|Breakup by Distribution Channel
|Breakup by Region
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