Global Commercial Washing Machine Market Growth Analysis in Household Appliances Industry | Discover Company Insights in Technavio
NEW YORK, July 22, 2021 /PRNewswire/ --
Technavio's latest report on the commercial washing machine market projects growth of $ 390.60 million, registering a CAGR of 4.41% during 2021-2025. According to the report, the Household Appliances Industry will have a NEGATIVE impact due to the continued spread of the COVID-19 pandemic. Besides, the report provides a detailed analysis of the pre-and post-impact of COVID-19 on businesses.
The front-loading segment is expected to be a significant contributor to the growth of the commercial washing machine market share during the forecast period. Front-load commercial washing machines are costlier than their top-load counterparts owing to their lower maintenance cost and high-efficiency features. They are increasingly preferred in commercial applications as they are highly efficient and saves more electricity. They also use half the quantity of water required in top-load machines.
APAC will contribute 39% of the overall commercial washing machine market growth during the forecast period. China is a key market for commercial washing machines in APAC. APAC has been exhibiting a significant growth rate for commercial washing machine market vendors. The commercial washing machine market share growth in APAC will be faster than the growth of the market in other regions.
The commercial washing machine market report the following factors as major growth drivers during the forecast period:
The report will help businesses to build resilience by making effective resource and investment choices.
Commercial Washing Machine Market: Key Vendor Offerings
Alliance Laundry System LLC
BOWE Textile Cleaning GmbH
BOWE Textile Cleaning GmbH offers different commercial washing machines and laundry systems such as PremiumLine, BOWE Black Forest Edition, M70, InduLine, SI70, iLine, Laundry Systems, Secondhand-Machines, and SENSENE.
Dexter Apache Holdings Inc.
Dexter Apache Holdings Inc. offers front-loading washers, dryers, and others. Moreover, the company offers commercial washing machine equipment such as Washer, Dryer and Stack Washer-Dryer under the Daxter Laundry segment category.
Reasons to Buy Commercial Washing Machine Market Report:
This report can be personalized to suit your business requirements.
Related Reports on Consumer Discretionary Include:
Residential Washing Machine Market: The residential washing machine market size has the potential to grow by USD 13.66 billion and the market's growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.
Global Carpet Cleaning Equipment Market: The carpet cleaning equipment market size will grow by USD 215.53 million during the forecast period. This report offers an analysis of the market based on product (upright, canister, and handheld) and end-user (commercial and residential).
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