There’s an expected growth boom in commercial laundry, here’s why
In the past few years, we’ve seen continuous and sustained growth in the commercial laundry market. Now, experts are suggesting that we’ll see a commercial laundry growth boom in the next few years.
The current state of the commercial laundry market
At the height of the COVID-19 pandemic, estimates suggested that the commercial laundry market was valued at just over $1bn. However, things move quickly, and estimates now suggest that the value of the market could reach $1.83bn by 2028.
North America remains the largest market for commercial laundry equipment, followed by Asia Pacific and then Europe.
Commercial laundry growth in North America
In the coming years, it’s expected that North America will capture the majority of the commercial laundry growth boom. This is due to the presence of several healthcare institutions in nations like the United States which fuel the need for various laundry equipment. According to a recent survey, there are 6,146 hospitals in the United States, with 924,107 beds.
Commercial laundry growth in the Asia Pacific
The Asia Pacific market is predicted to expand at a quicker rate due to the growing number of hotels and restaurants in Japan, India and Australia. These establishments further drive the need for laundry cleaning goods.
Similarly, the expanding spa and salon sector is propelling the demand for commercial laundry equipment. Surveys show that Asia has both the most spas (48,679) and the largest spa market ($26.5 billion).
Commercial laundry growth in Europe
Finally, due to rising investment in hotel operations in Germany, the UK and Spain, the European hospitality and tourism sectors are both expanding at a remarkable rate. This will likely lead to an increased demand for commercial laundry and dry-cleaning services.
Let JLA help you set up your commercial laundry
If you’re setting up a commercial laundry, then it’s vital that you purchase the correct equipment. Here at JLA, we’re experts in the market. After 50 years supporting more than 25,000 customers, we know how to be the partner you need to manage your critical machinery and systems – so you can take care of everything else. Get in touch with our laundry experts today and discover which of our high-capacity machines is best for your business.