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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Market Analysis by Product Type, Capacity, Price Category, End-Use, Distribution Channel, and Region:
- The market, on the basis of product type, can be divided into washer extractors, tumble dryers, dry cleaning equipment, and stain-removing machines, among others.
- Based on capacity, the market can be classified into below 25 kilograms, 25-50 kilograms, 51-100 kilograms, above 100 kilograms
- The market, on the basis of price category, can be segmented into low, medium, and high.
- Based on end-use, the market can be divided into laundry service providers, hotels, hospitals and nursing homes, and resorts, among others.
- The various distribution channels for laundromat machines include online and offline.
- The major regional markets of laundromat machines include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- Consumers’ busy lifestyles, rising disposable incomes, and a larger proportion of nuclear households and employed professionals support the laundromat machines market expansion.
- Technological advancements in laundromat machines, such as wave motion and drum technology, allow users to choose different wash motions depending on the fabric. Additionally, innovations in dryer technology such as low-pressure superheated steam drying and pulse combustion spray drying, among others, aid the market.
- Cashless payment methods, including contactless cards and mobile wallets, have grown in acceptance. Customers can now pay for their laundry at several launderettes using digital payment methods like cell phones or contactless cards. Coin-operated laundry services and laundry business owners’ marketing campaigns, such as free laundry days, discounts, and volunteer efforts, further influence market growth.
- Laundromat machines save time and contribute to a reduction in water usage and energy consumption. Additionally, the demand for energy-efficient and noise-free washing machines is creating opportunities for the market.
Key Offerings of the Report:
- The EMR report gives an overview of the global laundromat machines market for the periods (2018-2023) and (2024-2032).
- The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the product types, capacities, price categories, end-uses, distribution channels, and major regions of laundromat machines.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.
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.
Key Highlights of the Report
| REPORT FEATURES |
DETAILS |
| Base Year |
2023 |
| Historical Period |
2018-2023 |
| Forecast Period |
2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
- Product Type
- Capacity
- Price Category
- End-Use
- Distribution Channel
- Region
|
| Breakup by Product Type |
- Washer Extractors
- Tumble Dryers
- Dry Cleaning Equipment
- Stain-removing machines
- Others
|
| Breakup by Capacity |
- Below 25 Kilograms
- 25-50 Kilograms
- 51-100 Kilograms
- Above 100 Kilograms
|
| Breakup by Price Category |
|
| Breakup by End-Use |
- Laundry Service Providers
- Hotels
- Hospitals and Nursing Homes
- Resorts
- Others
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
|
| Market Dynamics |
- SWOT Analysis
- Porter's Five Forces Analysis
- Key Indicators for Demand
- Key Indicators for Price
|
| Competitive Landscape |
- Market Structure
- Company Profiles
- Company Overview
- Product Portfolio
- Demographic Reach and Achievements
- Certifications
|
| Companies Covered |
- 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.,
- Lead Group of Companies
- Others
|
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