Laundromat Machines Market Size By Product (Tumble Dryers, Dry Cleaning Equipment, Forklift Truck, Stain-removing Machines, and Others), Type (Coin-operated, On-premises, Hybrid) Capacity (Below 25 Kilograms, 25 – 50 Kilograms, 51– 100 Kilograms, Above 100 Kilograms) Price Range (Low, Medium, High), End-user (Laundry Service Providers, Hotels & Resorts, Hospitals & Nursing Homes, Others), Distribution Channel (Online and Offline), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2032

Market Perspective

The global Laundromat Machines Market size was worth around USD 4.53 billion in 2022 and is predicted to grow around USD 7.93 billion by 2032, with a compound annual growth rate of roughly 6.4% between 2023 and 2032. The steady shift of consumers to tourism has increased the demand for laundry and dry cleaning.

In relation to daily washing and drying needs, consumers are looking for suitable washing machines, which contribute to the development of the laundromat machine market. It can offer laundry service customers a convenient and secure way to quickly pay the price of a washing machine or dryer over the phone, without having to make last-minute trips from the store to the apartments.

In the app, they can select a seat, a plane, pay directly with their phone and be ready to go. The online wallet can be loaded with cash and cash, and customers can see the status of their current cycle and be notified when their laundry is ready. By accepting mobile payment with a smartphone, it's easy to provide an incredibly fast and convenient laundry experience and improve laundry safety.

Mobile apps have also proven to be invaluable in keeping in touch with a laundromat's customer base. They allow owners to filter and market to customers based on in-depth system analysis. Loyalty and increased customer engagement can be built through the program's automatic rewards programs and special offers, events, contests, or pricing. The increase in the number of eco-conscious people trying to reduce their carbon footprint by reducing the usage of home electronics such as washing machines and dryers is also expected to boost the laundromat machines market growth in the near future.

The accelerating awareness towards personal hygiene and the increasing number of companies adopting advanced technology provides additional benefits and convenience to customers and improve their efficiency. In addition, the increase in the number of single households contributes to the development of the market, as it is more convenient and cost-effective for people who live alone to use a commercial laundry instead of buying a personal washer and dryer. Laundry companies are expanding their service lines to meet the growing demand for laundromat machines.

Additionally, strong product innovation by laundry companies with newer washers and adoption of the latest technology provides additional benefits and convenience to customers and improve their efficiency. All this is likely to have a positive impact on the global laundromat machines market during the forecast period.

Key Insights

• Based on product, the dry cleaning equipment segment held the largest market share in 2022
• Based on type price, the coin-operated segment dominated the market share in 2022
• Based on capacity, the 25 – 50 kilograms segment is expected to register the largest share during the forecast period
• Based on price range, the medium segment is expected to dominate over the forecast period
• Based on end-user, the hotels & resorts segment dominated the market
• Based on distribution channel, the offline segment held the dominating share in 2022
• On the basis of region, North America accounted largest market share in 2022

Technological Advancements in the Laundry Services to Propel the Market Growth

The growth of the laundromat machine market is expected to be fueled by technological developments in the laundry industry. Customers use more detergents and other chemicals during washing processes and the integration of cutting-edge features such as AI to enhance interaction skills and enhance customer experience which drives the market growth. These characteristics aid in the adoption of laundry machines and their sales, which are expected to drive market expansion.

In addition to this, modern, larger, more dependable, and energy-efficient washers and dryers with cutting-edge technology benefits from newer technology in general, and buying intelligent, energy-efficient equipment can cut down on operating expenses significantly.

Numerous additional advantages are being provided by advanced technology in laundry equipment, from assisting owners in lowering energy costs and upkeep expenses to enabling customers to select the precise wash and dry options they prefer. Owners of launderettes can benefit from these smart machines' essential reporting, monitoring, and configuration features, such as performance statistics, water level adjustments, multilevel vend pricing changes, remote start and system monitoring, and much more. The advanced laundry equipment is simple to use and intuitive, allowing for optimum oversight, and effectiveness which can optimize the laundromat from anywhere in the world.

Higher Investments and High Costs of Maintenance

The laundromat machines are useful and a convenient solution for people who have a small home or who do not have money for a washing machine. A large number of end users, such as laundry companies, hotels, hospitals, and nursing homes, increasingly require washing machines to process their laundry. With a significant amount of equipment, including commercial washers and dryers, furniture and appliances, utilities, and more, starting a laundromat can be quite expensive.

Operating costs for utilities can also be expensive. Paying more for machines that can save energy, offer pre-soak or cool, or auto shut-off is a good amount to pay upfront. Some machines can perform a jet stream, saving several gallons of water per use which adds up to savings that all businesses need. The startup costs for a brand-new facility and business typically range from USD 200,000 for retail businesses to USD 1 million. The rising cost of machines and high maintenance cost restricts the laundromat machines market growth.

The Increasing Popularity of Self-Service Laundries Propels the Growth of the Market

Dry cleaning service providers are increasingly bringing self-service laundry services to their locations. The establishment of laundries in dry cleaning facilities enables the business of a dry cleaning provider for those customers who do not have clothes that require proper dry cleaning, offering self-service washers and dryers on their premises. This model is particularly useful for dry cleaning in congested city centers where most people do not have personal washing machines at home. In addition, the use of self-service laundromats is on the rise, and the growth is mainly driven by the emergence of cards and other alternative electronic payment methods, such as contactless RFID credit cards and NFC-ready mobile wallets, which offer an affordable and easy-to-use alternatives to using cash, these services accelerate the laundromat machines market revenue.

Recent Development

In April 2021: LG Electronics (LG) launched its first smart washing machine outside the home test market, signaling the future of the laundry experience. LG Laundry Lounge is a digital contactless public laundry located in Manila, Philippines, designed to provide a high-quality and convenient laundry experience for owners and customers alike.

In February 2021: Wassup in collaboration with Aeronero launched the patented Qlnz technology, where the machine produces water to wash clothes by condensation, and 95% of the wastewater is recycled, so that clean clothes damage the surface of the groundwater as little as possible. This is the new patented technology that achieves the highest performance and recovery which uses AIR technology to transform the laundry industry and disrupt the use of water in the laundry process in an environmentally friendly way.

Segmentation Analysis

Based on product, the market is classified into tumble dryers, dry cleaning equipment, Forklift trucks, stain-removing machines, and others. Dry cleaning equipment dominates the market owing to hygiene concerns and increasing adoption of such systems in various sectors such as hospitality, automotive, and marine.

Based on type, the coin-operated segments are anticipated to maintain dominance in the market which is driven by the increasing trend of younger generations using their credit cards and debit cards for payment that offers a cost-effective alternative to managing cash. This can be ascribed to the presence of large numbers of commercial laundry centers that operate on a self-service system where a cashier is not required to run the business. This is likely to boost the laundromat's return on investment

On the basis of end-user, the market is divided into laundry service providers, hotels & resorts, hospitals & nursing homes, and others. The hotels & resorts sector has the major share owing to the increasing demand for machines in hotels, restaurants, and others.

Regional Landscape

North America Accounted for the Dominating Share owing to the Availability of Robust Product Innovation by Market Vendors

North America accounted for the dominating share in the laundromat machines market owing to a rapid rise in immigrants and an increase in the number of consumers rising the demand for laundry services. The growing popularity of scented laundry, especially in developed economies, has increased the demand for scented cleaning products.

In February 2023, the Coin Laundry Association (CLA) partnered with five leading laundry suppliers in a bold new sponsorship initiative that benefits the entire industry. CLA's Strategic Corporate Partnership Program aims to strengthen the association's member services and ensure a growing and thriving industry and better support members as they navigate uncertain waters. Growing business facilities using online laundry services, especially in the US and Canada, are contributing to the growth of the market in the region.

It is also expected that the local presence of global key players related to laundry facilities and increased collaboration and partnerships between companies and hotels boost the market in the coming years. The growth of the laundromat machines business is also driving the demand for commercial laundry equipment, including washing machines. Laundry companies are expanding their service lines to meet the growing demand for automated laundries. Additionally, robust product innovation by laundry companies with newer features in washers and dryers is expected to boost the market growth during the forecast period.

Asia Pacific is Expected to Grow at the Fastest Rate owing to the Availability of Online Laundry Services

Asia Pacific is likely to register the fastest growth CAGR in the global automated laundry service market in the future. Leading players in the region's automated laundry services market are adopting new technologies to provide quality services to their customers. It is expected that the increase in promotional activities will have a positive impact on the regional market. Asia Pacific also has a large customer base for washing machines. The increase in the number of start-ups will lead to the establishment of laundries in these areas. This is expected to boost the growth of the laundry business.

Asia Pacific is expected to show the fastest CAGR during the forecast period due to economic stability and improvement in living standards in emerging economies such as India, China, and Indonesia. Asia Pacific is one of the most lucrative regions for online laundry services owing to its growing middle class and the millennial demographic is an important growth factor for the market.

Competitive Landscape

• EDRO Corporation
• Elis
• GIRBAU, SA.
• Herbert Kannegiesser GmbH
• JENSEN-GROUP
• Laundrylux Inc.
• LAVATEC LAUNDRY TECHNOLOGY GMBH
• LG Electronics
• Mag Laundry Equipment
• Whirlpool Corporation

The global laundromat machines market is segmented as:

By Product

• Tumble Dryers
• Dry Cleaning Equipment
• Forklift Truck
• Stain-removing Machines
• Others

By Type

• Coin-operated
• On-premises
• Hybrid

By Capacity

• Below 25 Kilograms
• 25 – 50 Kilograms
• 51– 100 Kilograms
• Above 100 Kilograms

By Price Range

• Low
• Medium
• High

By End-user

• Laundry Service Providers
• Hotels & Resorts
• Hospitals & Nursing Homes
• Others

By Distribution Channel

• Online
• Offline

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America