Global Commercial Washing Machine Market to grow at a CAGR of 5.31% during the period 2018 - 2022; Finds New Report

Report forecast the global commercial washing machine market to grow at a CAGR of 5.31% during the period 2018-2022.

Commercial washing machines are those that are used in commercial establishments such as restaurant, hotels, hospitals and fabric industries to launder clothes.

The report covers the present scenario and the growth prospects of the global commercial washing machine market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one driver in the market is growing hospitality industry. After the commercial laundry industry, the hospitality industry generates the highest demand for commercial washing machines. These washing machines are used in hotels, resorts, and other establishments for consumers availing laundry services at these destinations. The hotel industry is growing rapidly since the past five years due to an increase in the travel and tourism market and witnessed significant growth in some specific regions, such as North Americas, Europe, and the UAE.

Further, the report states that one challenge in the market is long replacement cycle. Commercial washing machines manufactured by popular brands are made of a superior quality raw material, are highly efficient and durable, and have the best engineering, which does not require frequent replacement. These commercial washing machines are expensive and easily last for 7-14 years, depending upon the use and raw materials used to manufacture the product.

Global Commercial Washing Machine Market 2018-2022, 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 players in the global commercial washing machine market: Alliance Laundry Systems, Continental Girbau, Dexter Apache Holdings, Electrolux, and Whirlpool.

Market driver

• Growing hospitality industry
• For a full, detailed list, view our report

Market challenge

• Long replacement cycle
• For a full, detailed list, view our report

Market trend

• Introduction of technologically advanced machines
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 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?

Spanning over 111 pages “Global Commercial Washing Machine Market 2018 - 2022” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Product Type, Customer Landscape, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.

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