Commercial Laundry Equipment Market Size & Growth Report to 2030

The global commercial laundry equipment market size is anticipated to register a significant CAGR of around 3.5% during the forecast period from 2023 to 2030. The market is driven by factors such as the growth of hospitality and healthcare industries, increasing demand for outsourced laundry services, emphasis on hygiene, technological advancements, eco-friendly practices, urbanization, adoption of payment solutions, healthcare industry expansion, high-quality textile demand, regulatory compliance, and equipment replacement. Businesses seek efficient, sustainable, and advanced laundry solutions to meet growing demands, improve operational efficiency, and adhere to industry standards. As sectors like healthcare and hospitality expand, the need for specialized equipment to handle increased volumes of linens and fabrics further propels market growth.

Market Snapshot:

Market Drivers:

• Growing Hospitality and Healthcare Industries: The expansion of the hospitality and healthcare sectors, including hotels, hospitals, and healthcare facilities, drives the demand for efficient and reliable commercial laundry equipment to handle the high volume of linens, bedding, and uniforms they require.
• Increasing Demand for Outsourced Laundry Services: Laundromats, multi-housing laundries, and commercial laundry services continue to grow as businesses and individuals prefer outsourcing their laundry needs. This fuels the demand for advanced and efficient laundry equipment to manage these services effectively.
• Hygiene and Cleanliness Emphasis: Especially in healthcare, hygiene and cleanliness are paramount. The demand for advanced laundry equipment that ensures thorough cleaning and disinfection of linens, medical clothing, and other fabrics is driving market growth.
• Technological Advancements: Innovations in commercial laundry equipment, such as smart machines with remote monitoring, energy-efficient designs, and eco-friendly features, attract businesses looking to improve operational efficiency and sustainability.
• Eco-Friendly Practices and Energy Efficiency: The push toward environmental sustainability and energy efficiency encourages businesses to invest in energy-efficient laundry equipment. This includes equipment designed to minimize water consumption, reduce detergent usage, and lower energy costs.
• Growth in Urbanization and Population: As urbanization increases and more people live in apartments and shared accommodations, the demand for community and shared laundry facilities grows, driving the need for commercial laundry equipment in these settings.
• Adoption of Payment Solutions: Technological advancements have led to the adoption of convenient payment solutions such as card-operated and mobile payment systems in commercial laundry settings, enhancing user experience and driving demand for modern equipment.
• Healthcare Industry Growth: The healthcare industry’s expansion, including clinics, medical centers, and long-term care facilities, requires specialized laundry equipment capable of handling medical textiles and ensuring compliance with health standards.
• Demand for High-Quality Textiles: Industries like hospitality and healthcare require high-quality linens, uniforms, and fabrics. Modern laundry equipment is needed to maintain the quality and longevity of these textiles.
• Replacement and Upgrading: As older equipment becomes outdated or less efficient, businesses look to replace or upgrade their laundry equipment to improve productivity, reduce maintenance costs, and benefit from advanced features.

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Market Insights:

Market Analysis by Product Type:

The global commercial laundry equipment market is bifurcated into product type, end-user, and geography. On the basis of product type, the washing machine segment dominated the market and estimated to maintain its dominance over the forecast period. the dominance is attributed to their foundational role as the initial step in the laundry process, efficiently removing dirt and stains from a wide range of fabrics. Their universal applicability across various industries, including hospitality, healthcare, and laundromats, underscores their significance. In commercial settings, washing machines are frequently used throughout the day to handle high laundry volumes, further emphasizing their importance. Manufacturers offer diverse models with capacities, features, and technologies tailored to industry-specific needs. Technological advancements, such as programmable cycles, energy efficiency, and smart controls, contribute to their continued dominance. Particularly in industries requiring stringent hygiene and regulatory compliance, such as healthcare and hospitality, washing machines play a crucial role in maintaining cleanliness and meeting standards. While the significance of segments can vary, washing machines’ essential role, broad applicability, and frequent use typically position them as the dominant segment within the commercial laundry equipment market.

Washing Machines: Washing machines are a fundamental component of commercial laundry operations. They come in various sizes and capacities to handle different types of fabrics and loads, catering to industries like hospitality, healthcare, and laundromats.

Dryers: Dryers play a crucial role in the laundry process by efficiently drying fabrics after washing. They are essential for achieving hygienic and ready-to-use textiles in industries such as hotels, hospitals, and shared laundry facilities.

Dry Cleaning Equipment: Dry cleaning equipment encompasses machines designed to clean delicate and sensitive fabrics using solvent-based cleaning methods. It caters to industries requiring specialized care for their textiles, such as high-end fashion, hotels, and formalwear rental services.

Others: This category encompasses a range of auxiliary equipment used in commercial laundry operations. It may include ironing machines, pressing machines, folding machines, and specialized equipment for specific industries or applications.

Market Analysis by End-User:

On the basis of end-user, the commercial laundry equipment market is further segmented into hotels & hospitality, hospitals & healthcare, laundromats, multi-housing laundries, and others. the hospital and healthcare segment held a significant revenue share of the global market in 2022. This prominence is due to the segment’s critical need for impeccable hygiene and sanitation. Healthcare facilities require specialized laundry equipment that can effectively sanitize linens, patient gowns, and medical textiles to prevent the spread of infections. The stringent regulatory compliance and high standards set by the healthcare industry further drive the demand for advanced commercial laundry equipment that can meet these requirements. With a substantial volume of laundry needed daily to maintain a clean and safe environment, efficient and reliable laundry equipment is a necessity. Additionally, the importance of extending the lifespan of costly medical textiles, the emphasis on patient comfort, and the varied laundry needs of different healthcare facilities contribute to this segment’s dominance.

Hotels & Hospitality: The hotels and hospitality sector is a significant consumer of commercial laundry equipment. Hotels require clean and well-maintained linens, bedding, towels, and uniforms for guest comfort. Efficient washing and drying equipment are essential to meet the high-volume laundry needs of this industry.

Hospitals & Healthcare: The healthcare industry relies on hygienic and sanitized linens, patient gowns, and medical textiles. Robust and specialized laundry equipment is crucial to ensure infection control and compliance with stringent healthcare regulations, making this segment a major driver of the market.

Laundromats: Laundromats provide self-service laundry facilities for individuals and businesses that lack on-premises laundry equipment. Commercial-grade washing and drying machines are the backbone of these establishments, catering to customers seeking convenience and efficiency.

Multi-Housing Laundries: Multi-housing complexes, including apartment buildings and student housing, often have shared laundry facilities for residents. Commercial laundry equipment serves these communities, offering tenants access to convenient and efficient laundry services.

Others: This category includes various industries and establishments that require commercial laundry equipment, such as educational institutions, spas, gyms, sports facilities, and industrial facilities with uniform requirements.

The commercial laundry equipment market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Product Type:

• Washing Machines
• Dryers
• Dry Cleaning Equipment
• Others

By End-User:

• Hotels & Hospitality
• Hospitals & Healthcare
• Laundromats
• Multi-Housing Laundries
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, the Asia-Pacific region is anticipated to witness the swiftest growth rate in the commercial laundry equipment market, driven by a confluence of dynamic factors. Rapid urbanization across Asia-Pacific countries is resulting in an upsurge of commercial establishments, hospitality services, and multi-housing complexes, consequently escalating the demand for modern and efficient commercial laundry equipment to cater to the evolving laundry needs of the expanding urban populace. The region’s robust industrialization landscape is also fostering a higher demand for industrial laundries and textile cleaning services.

Moreover, the substantial investments in healthcare infrastructure are propelling the necessity for specialized laundry equipment for infection control and sanitation purposes in healthcare facilities. The thriving hospitality sector in countries like China, India, and Southeast Asian nations is also generating a surge in demand for premium linens, uniforms, and bedding in hotels and resorts. Rising disposable incomes are driving the adoption of enhanced services, including laundromats and shared laundry facilities. Coupled with a growing technological inclination, Asia-Pacific is embracing smart laundry solutions and energy-efficient equipment to elevate operational efficiency and meet sustainability goals. The region’s favorable investment climate, coupled with shifting lifestyles and increasing demand for professional laundry services in urban locales, further propels the growth trajectory of the commercial laundry equipment market.

Competitive Assessment:

Some of the prominent market players operating in the global Commercial Laundry Equipment market are Alliance Laundry Systems LLC, The Huntington Company, ZIPS Dry Cleaners, Alsco Pty Limited, Rinse, Inc., and GE Appliances. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. For instance:

• In March 2022, Rinse Inc. made its debut in New York City through the acquisition of FlyCleaners. FlyCleaners operates a mobile application that offers convenient on-demand pickup and delivery services for dry-cleaning and laundry at the local level.
• In October 2022, EVI Industries, Inc. (NYSE American: EVI) took a significant step by finalizing a definitive agreement to acquire Wholesale Commercial Laundry Equipment SE (“WCL”), headquartered in Southside, Alabama. WCL is a respected distributor of commercial laundry products, offering technical installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry.
• In August 2022, EVI Industries continued its expansion strategy by acquiring K&B Laundry Service, marking the addition of the 21st laundry business to its portfolio within the industry.
• In April 2021, Alliance Laundry Systems expanded its reach by acquiring the distribution assets of D&M Equipment Co., based in Chicago. D&M Equipment Co. is recognized as a prominent distributor of laundromat equipment in the Midwest region.
• In May 2021, Rinse Inc. further strengthened its presence by acquiring ButlerBox, a Los Angeles-based dry cleaning and laundry provider. ButlerBox specializes in locker-based services, catering to multifamily and commercial office partners.

Key Companies:

• Alliance Laundry Systems LLC
• The Huntington Company
• ZIPS Dry Cleaners
• Alsco Pty Limited
• Rinse, Inc.
• GE Appliances
• LG Electronics
• Electrolux AB
• ECOLAB
• Girbau North America Inc.
• Samsung Group
• Stefab India Ltd.

Key Questions Answered by Commercial Laundry Equipment Market Report

• Global commercial laundry equipment market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Commercial laundry equipment submarket forecasts from 2023-2030 covering the market by product type, end-user, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level commercial laundry equipment markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market