Report Format: PDF
Published Date: Oct-2018 | 184 Pages | Report ID: VSR001445
Global Commercial Washing Machine Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.6 % from 2018 to 2025. In 2017, the global market valuation was USD 22.9 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The growing supply for business washing facilities will stimulate the development of the sector. With the implementation of creative alternatives, the business washing machine sector undergoes a shift. The laundry industry is revolutionizing for greater automation by introducing the card-based laundry payment systems as an option to coin laundering. Digital washing transaction options, in comparison to traditional card working laundries, reduce the rate of a compilation of coins and offer washing operators more versatile alternative payments. Growth in intelligent, linked goods contributes to increased choice for comfort and quickly altering customer habits.
The income development is increasing with macroeconomic variables such as digitization, urbanization, altering customer purchasing habits and supply in developing markets. In the next nine years, the implementation of the next-generation washing machine, which will use technology to make effective utilization of electricity and water. Geographically, APAC region held the largest share in the global market of the commercial washing machine.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global commercial washing machine market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global commercial washing machine market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Segment Analysis
By Product Insights: On the basis of product, global commercial washing machine market has been segmented into fully automatic, semi-automatic, dryers. Among which commercial dryers segment has accounted for largest share in the global market of washing machine. With the implementation of heat pumping technology to tackle heavy energy consumption, the development of business dryers is driven by this. The manufacturers focus on business products in order to fight the growing development of laundry facilities on demand. In addition, the development of business washing will lead to supply for personal washing machines.
By Technology Insights: On the basis of technology, global commercial washing machine market has been segmented into smart connected, conventional. Among which smart connected washing machine segment has accounted for the largest share in the global market of commercial washing machines. The increasing preferential treatment and the quickly evolving customer lifestyle contribute to the development of the section. In the housing industry, there is a need to manage and control computers using smartphones. The drive on intelligent machines by the regulators and the state contributes to the development of revenues.
Regional Analysis
The commercial washing machine market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2018, the auto laundry sector in the Asia Pacific had the largest proportion of income. The expansion of these products in the Chinese industry is ascribed to the big scale. Regional supply is expected to help with a quickly growing middle-class workforce and the growing request for completely automated and smartly linked laundry equipment from developing Indonesia, India and Vietnam.
The growing demand for U.S. energy-efficient devices drives North America's demand for washing machines. The increasing awareness of certified ENERGY STAR products increases growth in the United States. Moreover, due to the need to replace traditional with cleverly linked computers, the national industry is projected to be experiencing significant development. Europe is expected to witness significant share in the global market of commercial washing machine market ascribed to high technical advancements, presence of major key players and increasing R&D activities by government and key players for providing energy-efficient electronic devices.
Global Commercial Washing Machine Market Size, Share Analysis by Region 2017
Global Commercial Washing Machine Market Study Objective
1. To forecast the market size of commercial washing machine market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of commercial washing machine market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate on significant factors that will have a major impact on the growth of the commercial washing machine market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of commercial washing machine market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the commercial washing machine market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Whirlpool Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., and Electrolux AB. Enhancement are some of the key players in the market of commercial washing machine.
Global Commercial Washing Machine Market Study Report Offer You!
The global commercial washing machine market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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