Laundry equipment is the equipment used in the process of washing clothes and linens. The commercial laundry equipment products comprises of dry cleaning equipment, presses, commercial dryers and washers. Such equipment provides laundry solutions to various industries including healthcare, hospitality, educational, and service industries.
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The commercial laundry equipment is segmented on the basis of operation types. They are, multi-housing, on-premises and vended. Vended laundry is also referred to as coin operated laundry and occupies spaces on long term leases. They are self-service and are composed of individual operators or owners. The on-premises laundry facility is installed at properties such as apartment spaces and comprises of a washer and dryer. The multi-housing laundry systems are usually installed by the landlords for the benefit of their tenants. They cater to the needs of each apartment and rental space with a complete washer and dryer set. The commercial laundry equipment is majorly contributed by the vended type as it saves time in carrying out the cleaning tasks.
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The growth in commercial laundry equipment market can be primarily attributed to the growing demand for efficient laundry systems. As the population and levels of disposable income rises, there is a growing awareness among the people for hygienic and efficient cleaning systems. This triggers the growth of laundry stores to cater to such growing demand In addition, the government regulations for energy efficient systems in certain regions like North America are creating stiff competition among the vendors to come up with innovative features including the electronic controls. Such electronic controls combined with several other features automate the cleaning tasks thereby saving lot of time. Another factor contributing to the growth of commercial laundry equipment market is the initiatives taken by the healthcare industries to solve the issue of various cleaning jobs.
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However, cost of replacing the laundry equipment in the event of failure, is adversely affecting the growth of this market. The increasing cost of raw materials such as Nickel and Copper coupled with high installation costs makes laundry equipment replacement expensive. There many local vendors that offer repair services to the laundry equipment at an affordable price. Thus, users prefer to get their equipment repaired rather getting it replaced.
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