Analysis of the Global Commercial Laundry Market

The global commercial laundry market faces opportunities for structural growth. Data shows that the global commercial washing market and global commercial drying market size jumped from 12 billion US dollars to 16 billion US dollars from 2020 to 2024. The CAGR is 7.4%.

Among them, the commercial washing machine market has doubled in scale with an increase of 3 billion US dollars, and the dryer market has also exceeded the 7 billion US dollar mark. The two categories have formed a coordinated growth trend.

Chinese Market

The retail sales of commercial washing and drying equipment in China have shown a strong growth curve, increasing from 4.5 billion yuan in 2020 to 6.5 billion yuan in 2024, with an average annual growth rate of 9.8%. There are three major driving forces behind this growth:

● Essential expansion of institutional scenarios

The purchase volume of high-capacity equipment in places such as hotels, hospitals, and schools has increased by an average of 12% annually, and the durability of the equipment has become a key indicator for procurement decisions.

● Innovation of the business model

The rise of emerging business forms such as shared laundries has driven the penetration rate of intelligent equipment functions to soar from 15% in 2020 to 35% in 2024.

● The resonance of policy and technology

Carbon Peaking and Carbon Neutrality Goals are forcing industries to upgrade.

The market share of equipment with an energy efficiency grade of AA+ has increased by 27 percentage points in three years.

Innovative technologies such as ultraviolet sterilization and AI self-cleaning are accelerating their popularization.

Whole industry chain

Market research indicates that current industry competition has extended from single products to system solutions. Take the smart laundry factory as an example, the tunnel washer system, high-speed ironing line and smart hanging bag system (overhead tote/sling conveyor system) can reduce the comprehensive energy consumption by 25% to 30% compared with the traditional mode. It is becoming the focus of technological breakthroughs for leading enterprises.

Meanwhile, the standardization of remote operation and maintenance systems and IoT data monitoring modules has driven up laundry equipment management efficiency by more than 40%.

Conclusion

Industry analysts pointed out that market demand is undergoing a qualitative change from “functional satisfaction” to “value creation”. Devices with Internet of Things (IoT) access capabilities and support for dual optimization of water and electricity have a customer retention rate 52% higher than traditional models. With the deepening of the sharing economy and the green certification system, commercial washing and drying solutions that combine intelligent operation and maintenance with low-carbon attributes will become mainstream in the market.