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Commercial Washing Machine Manufacturing - Industry Market Research Report

  • September 2016
  • -
  • Ibisworld
  • -
  • 36 pages

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Wash cycle: Urbanization will drive demand for downstream laundromats, sustaining industry growth



Abstract

Commercial Washing Machine Manufacturing

Steady US population growth and urbanization over the five years to 2016 have boosted demand for toploading, frontloading and other machines produced by the Commercial Washing Machine Manufacturing industry. During this period, increasing employment and disposable incomes led to gradually declining apartment vacancy rates. With more people living in tighter spaces, demand from downstream laundromats and other professional cleaning services modestly improved. This, in turn, spurred higher usage of existing washing equipment and supported sales of replacement commercial washing machines. However, in the five years to 2021, industry revenue is expected to increase at a slower rate, due to increases in the relative cost of US-produced washing machines. Nevertheless, US population growth and urbanization will contribute to a steady rise in domestic demand for commercial washing machines. Similarly, rising employment and per capita incomes overseas will lead to increased global urbanization, bolstering demand for industry exports.

This industry manufactures commercial washing machines. Commercial washing machines are most commonly used in laundromats and multifamily homes and are typically coin-operated. Excluded from this industry are automated or continuous tunnel washers, which are used in the textile manufacturing and healthcare markets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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