Laundry Factory Market worth USD 22,178.08 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Laundry Factory Market by Type (Dry Cleaning, Washing & Folding), by Application (B2C, B2B), By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global laundry factory market size is expected to grow from USD 13,103.69 million in 2022 to USD 22,178.08 million by 2033, at a CAGR of 4.9% from 2023 to 2033.

The laundry factory market consists of sales of laundry factory services by entities (organizations, sole traders, and partnerships). Various factors such as growing technology advancements coupled with sustainable process adoption saving cost and supporting positive environmental health. Further, growing medical tourism and hospital industry will form a huge pile of soiled linen. To fulfill the demand for the hospital industry and cater to the needs, laundry factory come into play and provide effective services to the industry. Such factors will propel the growth of the market in forthcoming years.

Consumers are looking for features such as accurate tracking, process automation, and information management in industrial laundries as their daily textile washing and drying operations increase. RFID tagging and robots are two technological developments in washing machines that are increasing market demand for laundry equipment. However, rising power prices and the depletion of resources such as water and treatment chemicals are stifling industry expansion. The primary drivers driving market expansion are trends and advances in the laundry industry, which enable cost reduction with little consumer environmental degradation, forcing manufacturers to offer technologically superior industrial laundry systems.

Global Laundry Factory Market Segmentation

The overall laundry factory market has been segmented into type, application, and region.

• By Type (Dry Cleaning, Washing & Folding)
• By Application (B2C, B2B)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

B2B segment is at the highest CAGR during the forecast period

B2B segment is expected to grow at the highest CAGR during the forthcoming period. Machines are in high demand in hotels, restaurants, and other similar industries. The increased need for industrial washers, cleaners, and extractors is expected to generate revenue for the industrial laundry factory market. In addition, the expanding working population in developing economies, as well as increased daily wash cycles, have influenced the expansion of industrial washers in a variety of sectors.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. Throughout the projected period, the market is anticipated to be driven by the presence of expanding economies like China and India, a growing working population, and increased expenditure on dry cleaning and laundry services. Due to the existence of a sizable population opting for quick dry-cleaning and laundry services, China is anticipated to continue to be a significant stakeholder in the Asia Pacific region.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the laundry factory market. It also consists of the profiles of leading companies such as California Laundry, AC Linen Supply, Laundrygo, Sunshine Laundry Factory Co Ltd, Magic Laundry Services, SWOSH!, IZILOH, WashDrop Company Limited, Do4you Company Limited, Jeff, Company 11, Company 12, Company 13, Company 14 and Company 15. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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