Commercial Coin-operated Washers and Dryers: Analysis of Major Global Market Dynamics

In the background of the continuous evolution of the global economy and lifestyle, the commercial coin-operated washer& dryer market has shown a diversified development trend in various regions.

According to Research and Markets, the global laundry services market has grown at a compound annual growth rate of 2.1% since 2016, reaching a value of nearly $104.2 million in 2021, and is expected to grow at a 4.1% growth rate to $127.3 million by 2026. Subsequently, it is expected to grow at a compound annual growth rate of 2.8% and reach $145.8 million in 2031.

The coin-operated laundry market is further divided into coin-operated laundry distribution shops and coin-operated laundry shops. Among them, coin-operated laundry is the largest part of the coin-operated laundry market, accounting for 50.3% of the total market in 2021. Coin-operated laundry delivery stores are expected to be the fastest-growing segment in the future, with a CAGR of 3.6% over the 2021-2026 period.

The following is a detailed analysis of North America, Europe, Asia Pacific, Latin America, and Africa.

North America

❑ Current Condition of the Market

North America is a mature market for commercial coin-operated washing machines and dryers. According to Grand View Research, the U.S. coin-operated commercial laundry market size is $1,362.8 billion in 2022 and is expected to grow at a compound annual growth rate of 1.9% from 2023 to 2030.

The popularity of self-service laundry services in the region is high. There is a strong demand for laundry equipment in apartments, schools, hotels, and other places. The market size is large, and many commercial establishments and residential communities rely on such equipment to meet their laundry needs.

❑ Trend of Development

On the one hand, people’s needs for laundry equipment will remain stable with the increase in population and promotion of urbanization. On the other hand, customers have an increasingly high demand for the intelligence of laundry equipment, high efficiency of the laundry equipment, and environmental protection. In addition, the transformation of economic conditions and consumption ideas makes the competition in the laundry market more fierce. Enterprises need to keep innovating and optimizing products.

● In this market, Kingstar commercial coin-operated machine series shows unique competitiveness. Developed and manufactured by CLM, China’s leading washing equipment brand, it has advanced software technology that integrates sensing, signal processing, control, communication, power electronics, and electromagnetic compatibility. Whether in schools, apartments, or hotels, Kingstar’s coin-operated washers and dryers provide efficient and convenient laundry services to meet the demand for high-quality equipment in the North American market. Its various models of products, such as coin-operated washing machines, coin-operated dryers, stackable washers, and dryers, provide a variety of options for commercial laundry scenarios of different sizes and needs.

Europe

❑ Current Condition of the Market

The European region is economically developed, and people have higher requirements for quality of life, which makes the need for commercial laundry equipment stable in Germany, the UK, France, Italy, and so on. However, the growth rate of the market in this region is relatively slow, because the market is relatively mature. Also, strict environmental regulations in Europe have put high requirements on the energy efficiency and environmental protection indicators of commercial laundry equipment, increasing the research and development and production costs of enterprises.

❑ Trend of Development

In the future, the European market will pay more attention to the development of eco-friendly and energy-saving laundry equipment. The application of intelligence technology will also be an important trend, which meets the customers’ requirements for convenient operations and high-efficiency laundry. In addition, with the development of the tourism and hotel industry, the need for high-quality commercial laundry equipment will increase in specific sectors.

● Kingstar commercial coin-operated washers and dryers series has some advantages in the European market. In the manufacturing aspect, Kingstar products rely on full mold, unmanned, assembly line equipment, and a large number of special aircraft to achieve mass production. This advanced manufacturing model helps to guarantee product quality and production efficiency, in line with the European market’s pursuit of high-quality products. Moreover, Kingstar’s automatic washing and drying solution can save time and effort, and improve the user’s laundry experience. It helps to enhance the image and value of the business place and adapts to the business environment of the European market.

Asia Pacific

❑ Current Condition of the Market

The Asia-Pacific region is a market with great potential and rapid development, represented by China, Japan, South Korea, and other countries. Among them, the size of the Chinese market is significant. The acceleration of urbanization and people’s pace of life promotes people’s need for convenient laundry services. Many brands actively participate in the market competition, and the Kingstar commercial coin-operated machine series shows a strong strength in this region.

❑ Trend of Development

With the increase of the middle-class population and the improvement of living standards, the demand for high-quality, intelligent commercial laundry equipment will continue to grow. In some emerging economies, business models such as laundromats are also gradually emerging, further expanding the market space. Moreover, the popularity of the Internet and mobile payment technology has also brought new opportunities for the operation and management of commercial coin-operated laundry equipment.

● Kingstar commercial coin-operated machines are widely used in the Asia Pacific region. Its products are widely used in “laundromats”, “campus self-service laundry”, “self-service laundry in hotels or apartments” and other scenes. For example, products such as coin-operated stacked washers and dryers provide a one-stop laundry solution for different business scenarios to meet the diverse market needs in the Asia-Pacific region. Its 25 years of experience in manufacturing industrial laundry equipment as well as advanced software technology and manufacturing capabilities have enabled it to gain a foothold in this highly competitive market.

Latin America

❑ Current Condition of the Market

The level of economic development in Latin America is uneven. However, with the advancement of urbanization, the demand for commercial coin-operated washers and dryers is gradually increasing. In some big cities and tourist resorts, the demand for such equipment is obvious in hotels, apartments, and other places. Nevertheless, the market still faces some challenges, such as incomplete infrastructure construction and limited consumption capacity in some regions.

❑ Trend of Development

In the future, with the development of the economy and the improvement of infrastructure in Latin America, the commercial laundry equipment market is expected to grow. Especially in the guidance of tourism and commercial real estate development, the demand for high-quality and durable laundry equipment will increase. Also, there is a great demand for products that are relatively affordable and cost-effective.

● Kingstar commercial coin-operated machines series can gain opportunity with its diverse products and reasonable price strategy in Latin America. Its rich product lines can meet the needs of business places of different sizes. In addition, its high-quality manufacturing standards can ensure the durability of the products in the local environment, providing reliable laundry solutions for users in Latin America.

Africa

❑ Current Condition of the Market

The overall market development in Africa is relatively not developed. However, in some cities and regions with better economic development, such as some cities in South Africa and some coastal cities in North Africa, there has been a certain demand for commercial coin-operated washers and dryers. These demands are mainly concentrated in hotels, schools, high-end apartments, and other places, but the market size is still small and is limited by factors such as the level of economic development and consumption concepts.

❑ Trend of Development

With the gradual development of the economy in Africa and the acceleration of urbanization, the demand for commercial laundry equipment in the future is expected to grow. In addition, international aid and investment projects may promote the establishment of some infrastructure, including the construction of facilities related to laundry services. Improving product adaptability and operability, as well as establishing a sound after-sales service network will be important to developing the African market.

Conclusion

According to the overall data analysis, North America is the largest region in the global laundry services market, accounting for 33.6% of the total market in 2021. It was followed by Asia Pacific, Western Europe and other regions. Looking ahead, the Middle East and Africa will be the fastest growing region for the dry cleaning and washing services market, with a projected CAGR of 6.7% and 6.4%, respectively. In South America and Asia-Pacific, the market is expected to grow at a CAGR of 5.4% and 4.8%, respectively.