Technavio Announces the Publication of its Research Report
Global Commercial Washing Machine Market 2016-2020
Technavio recognizes the following companies as the key players in the global commercial washing machine market: Alliance Laundry Systems, Continental Girbau, Dexter Apache Holdings, Electrolux, and Whirpool.
Other prominent vendors in the market are: BÖWE, G.A. Braun, GE, R. Stahl, JLA, Lead Laundry and Catering, LG Electronics, Miele Company, Pellerin Milnor, Renzacci, Schulthess Maschinen, Shanghai Shenguang Laundry Machinery Group, and Stefab.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increase in online laundry services. Many laundry service providers are going online and also introducing mobile applications to attract more customers. Increasing internet penetration worldwide has enabled customers to access online laundry services. For instance, WASHNOW, a Qatar-based online laundry service provider, launched an Android app along with an iOS version in 2015. The customers can select a pick-up time from the mobile app and are then informed when their laundry will be returned; it usually takes a 48-hour turnaround service for all washing, ironing, and dry cleaning services. This service is currently available in Doha, Qatar, but the company plans to expand this service to Al Khor, Al Wakrah, and even other Gulf states. 1ClickLaundry, a mobile app based laundry service provider, was also launched in 2015 where the customers have the choice of express, standard, or premium laundry services.”
According to the report, one of the primary drivers in the market is increase in number of laundromats and growth of online laundry services in APAC. The number of launderettes is increasing at a fast pace in various APAC countries. For instance, the popularity of coin laundries is increasing rapidly Japan owing to the increased number of dual-income households. One of the main reasons for the increase in female employment in Japan is the acute labor shortage. In 2015, the job opening-to-applicant ratio in the country stood at a 23-year high of 1.28 times, meaning there were 28% more jobs available than people seeking work in Japan. Although the government is permitting foreigners to work, employers are tapping into the female talent pool in the country as supply remains scarce. Many women are taking part-time jobs. In 2015, of all the total workforce in Japan, 40% were part-timers, while 57% were female workers. As working women find it difficult to make time for doing laundry, among other chores, they prefer coin laundries. This has increased the demand for coin laundries in the country. According to the Japanese Health, Labour and Welfare Ministry, the number of coin laundries in the country is rising annually. For instance, over 16,500 new coin laundries were opened across the country in 2013.
Know more about sample report: https://marketreportscenter.com/request-sample/455985
Technavio recognizes the following companies as the key players in the global commercial washing machine market: Alliance Laundry Systems, Continental Girbau, Dexter Apache Holdings, Electrolux, and Whirpool.
Other prominent vendors in the market are: BÖWE, G.A. Braun, GE, R. Stahl, JLA, Lead Laundry and Catering, LG Electronics, Miele Company, Pellerin Milnor, Renzacci, Schulthess Maschinen, Shanghai Shenguang Laundry Machinery Group, and Stefab.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increase in online laundry services. Many laundry service providers are going online and also introducing mobile applications to attract more customers. Increasing internet penetration worldwide has enabled customers to access online laundry services. For instance, WASHNOW, a Qatar-based online laundry service provider, launched an Android app along with an iOS version in 2015. The customers can select a pick-up time from the mobile app and are then informed when their laundry will be returned; it usually takes a 48-hour turnaround service for all washing, ironing, and dry cleaning services. This service is currently available in Doha, Qatar, but the company plans to expand this service to Al Khor, Al Wakrah, and even other Gulf states. 1ClickLaundry, a mobile app based laundry service provider, was also launched in 2015 where the customers have the choice of express, standard, or premium laundry services.”
According to the report, one of the primary drivers in the market is increase in number of laundromats and growth of online laundry services in APAC. The number of launderettes is increasing at a fast pace in various APAC countries. For instance, the popularity of coin laundries is increasing rapidly Japan owing to the increased number of dual-income households. One of the main reasons for the increase in female employment in Japan is the acute labor shortage. In 2015, the job opening-to-applicant ratio in the country stood at a 23-year high of 1.28 times, meaning there were 28% more jobs available than people seeking work in Japan. Although the government is permitting foreigners to work, employers are tapping into the female talent pool in the country as supply remains scarce. Many women are taking part-time jobs. In 2015, of all the total workforce in Japan, 40% were part-timers, while 57% were female workers. As working women find it difficult to make time for doing laundry, among other chores, they prefer coin laundries. This has increased the demand for coin laundries in the country. According to the Japanese Health, Labour and Welfare Ministry, the number of coin laundries in the country is rising annually. For instance, over 16,500 new coin laundries were opened across the country in 2013.
Know more about sample report: https://marketreportscenter.com/request-sample/455985
Further, the report states that one major challenge in the
market is logistics challenge for online laundry services in developing
economies. The concept of online laundry services is an established concept in
developed nations. However, it is a new concept in developing economies such as
India, China, and Brazil. Recently, many new online laundry services have been
set up in India. As the majority of Indians are unaware of these services,
these start-ups are facing many logistics issues and associated costs. Low
awareness has resulted in lower penetration of these services, which ultimately
results in lower number of customers. Online laundry service providers have to
suffer low-profit margins as delivery costs are high. Additionally,
accountability of the clothes, early morning pick-up, and late night delivery
are other operational problems. These factors are particularly challenging for
start-ups. For instance, UrbanClap has limited its services to only
dry-cleaning to maintain its profit margins, which are lowering due to higher
operational costs. Also, the online laundry services market, particularly in
India, is adversely affected by the conventional practices of people preferring
to send their laundry to traditional washer folk referred to as dhobis and
press waalas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About
Commercial Washing Machine
The lifestyle of working class population worldwide is increasingly becoming hectic and fast-paced. These conditions have created a demand for devices and services that will enable people to do their daily chores faster. This trend has, among other things, created a demand for commercial on-demand laundry services and increased the demand for commercial laundry washing machines globally; laundromats, on-demand laundry services, and other commercial laundry services are in high demand among because of an increase in disposable income and rise in dual-income families.
Technavio’s analysts forecast the global commercial washing machine market to grow at a CAGR of 4.53% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial washing machine market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of commercial washing machines.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW
Technavio's report, Global Commercial Washing Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Alliance Laundry Systems
• Continental Girbau
• Dexter Apache Holdings
• Electrolux
• Whirlpool
Other prominent vendors
• BÖWE
• G.A. Braun
• GE
• R. Stahl
• JLA
• Lead Laundry and Catering
• LG Electronics
• Miele Company
• Pellerin Milnor
• Renzacci
• Schulthess Maschinen
• Shanghai Shenguang Laundry Machinery Group
• Stefab
Market driver
• Increase in number of laundromats and growth of online laundry services in APAC.
• For a full, detailed list, view our report
Market challenge
• Logistics challenge for online laundry services in developing economies.
• For a full, detailed list, view our report
Market trend
• Introduction of water saving technologies in commercial washing machines.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
The lifestyle of working class population worldwide is increasingly becoming hectic and fast-paced. These conditions have created a demand for devices and services that will enable people to do their daily chores faster. This trend has, among other things, created a demand for commercial on-demand laundry services and increased the demand for commercial laundry washing machines globally; laundromats, on-demand laundry services, and other commercial laundry services are in high demand among because of an increase in disposable income and rise in dual-income families.
Technavio’s analysts forecast the global commercial washing machine market to grow at a CAGR of 4.53% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial washing machine market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of commercial washing machines.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW
Technavio's report, Global Commercial Washing Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Alliance Laundry Systems
• Continental Girbau
• Dexter Apache Holdings
• Electrolux
• Whirlpool
Other prominent vendors
• BÖWE
• G.A. Braun
• GE
• R. Stahl
• JLA
• Lead Laundry and Catering
• LG Electronics
• Miele Company
• Pellerin Milnor
• Renzacci
• Schulthess Maschinen
• Shanghai Shenguang Laundry Machinery Group
• Stefab
Market driver
• Increase in number of laundromats and growth of online laundry services in APAC.
• For a full, detailed list, view our report
Market challenge
• Logistics challenge for online laundry services in developing economies.
• For a full, detailed list, view our report
Market trend
• Introduction of water saving technologies in commercial washing machines.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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