Industrial Laundry Market, Forecast 2024-2032
The Industrial Laundry Market size was valued at USD 2.61 USD Billion in 2023 and is projected to reach USD 4.42 USD Billion by 2032, exhibiting a CAGR of 7.8 % during the forecast period. Industrial laundry is described as a commercial laundry service that is designated to wash and dry large quantities of textiles mostly used in commercial buildings, institutions, and hospitals. These operations include on-premise laundry (OPL) of hotels or hospitals, contractor laundries that offer contract services to many customers, and specialized laundries that may for instance handle the cleaning of uniforms or tougher textiles. Hardware attributes of industrial laundries include high-capacity washing machines, effective dryer systems, integrated ironing, and folding tools, and mechanized ways of categorizing and managing textiles. They are used across many industries which include healthcare facilities, hospitality, manufacturing, and service industries, where hygiene standards are crucial. The benefits of industrial laundry services are significant: The key benefits include they offer a cheaper price since they process large quantities; offer quality and hygienically standardized products; and are convenient, saving time.
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The Asia Pacific region is expected to witness the highest growth in the industrial laundry market, due to the increasing healthcare and hospitality industries in countries like China, India, and Japan.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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