LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global commercial washing machine market report. This research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
Recently the number of laundromats has increased due to growing demand from dual households who do not have enough time to do laundry. Steady economic growth, rising disposable incomes, and increase in dual-income households with reduced time for housekeeping and laundry are major factors spurring the growth of consumer laundry services. Additionally, the increasing hospitality sector in various regions and emergence of online on-demand laundry services owing to the increasing internet penetration on a global scale has increased the demand for commercial washing machines. The stable outlook for travel and tourism industry supported by an increase in the global outbound travel growth; the ensuing growth of the hospitality industry; and demand for guest services is also fueling growth in the market.
Europe and the US make the largest revenue contribution to the global commercial washing machine market because of the high penetration of laundromats in the developed countries. Laundromats and online on-demand laundry service are an emerging concept in the developing countries like India and China. Hence, the demand for the commercial washing machine is increasing rapidly in the emerging economies.
Competitive vendor landscape
Although the global commercial washing machine market is partially fragmented with the presence of several small- and medium-sized players, the market is dominated by established manufacturers such as Alliance Laundry Systems, Dexter Apache Holdings, Continental Girbau, Electrolux, and Whirlpool. The focus on R&D activities and investments by the market leaders ensure that product innovation is always the top priority.
“Although the top-five vendors cater to most of the market, private labels are launching their commercial washing machines at a lower price to use sales volumes to gain market share. This has led to the entry of several new vendors in the global commercial washing market,” says Abhay Sinha, a lead analyst from Technavio.
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Top five commercial washing machine market vendors
Alliance Laundry Systems
The company manufactures commercial laundry equipment like commercial washing machines, ironers, and dryers, with various load capacities ranging from 15-400 lbs. The company also provides technical support services; and financing solutions for multi-store owners, laundry owners, first-time investors, and on-premise laundry business owners. It manufactures under well-known brand names like Speed Queen, Uni-Mac, Primus, Huebsch, and IPSO. The company has manufacturing operations in Wevelgem, Belgium; Ripon, Wisconsin, US; Pribor, Czech Republic; and Guangzhou, China.
Continental Girbau
Continental Girbau manufactures commercial and industrial laundry equipment. It provides commercial dryers, washers, and heat roll and chest ironers, for card and coin operated, and on-premises laundries, and industrial laundries, among others. The company operates as a subsidiary of Girbau S.A.
Dexter Apache Holdings
Dexter Apache Holdings manufactures and distributes laundry equipment, stainless steel tanks and food processing equipment, and retail ice merchandising equipment and walk-in freezers/coolers, and offers technology and financing for businesses. The company provides high alloys, stainless steel, and carbon steel products for equipment used in laundries such as change laundry carts, machines, vending machines, folding tables, and more, for commercial and industrial on-premise laundry markets.
Electrolux
Electrolux is a global consumer home appliance manufacturing company that manufactures household appliances and appliances for professional use in Sweden as well as in international markets.
Some of the major products offered by the company are floor care products, microwave ovens, room air-conditioners, dishwashers, washing machines, dryers, cookers, refrigerators, and small domestic appliances. Electrolux, AEG, Frigidaire, and Eureka are the well-known brands of the company.
Whirlpool
The company manufactures and markets home appliances and related products like laundry appliances, cooking appliances, dishwashers, hermetic compressors, refrigerators and freezers, mixers, and other portable household appliances. These products are sold under the brand names Whirlpool, KitchenAid, Bauknecht, Maytag, Brastemp, JennAir, Amana, and Consul.
The company operates through the laundry appliances, refrigerators and freezers, cooking appliances, and others segments. Geographically, it operates in North America; Central and South America; Europe, the Middle East, and Africa (EMEA); and Asia.
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