Increase in Busyness of Life & Growth in Urbanization Anticipated to Drive Global Laundry Combo Market: Ken Research

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Laundry is a necessary & time-consuming task. Laundry combo units is a blend in a single cabinet of a washing machine and a clothes dryer. A washing machine is an appliance used to wash dirty clothes. A clothes dryer is a powered machine, used to remove water from clothing after it is washed. Laundry combo is designed to handle several types of fabric and garments for instance clothes, sheets, and towels. The clothes washer dryer combos generally have various functions such as customizable cycle controls, temperature controls, and vent-less systems.

Global Laundry Combo Market

According to study, “Global Laundry Combo Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global laundry combo market are Whirlpool Corp., Dongbu Daewoo Electronics, AB Electrolux, Siemens AG, Samsung Group, Mabe, Robert Bosch GmbH, LG Electronics Inc., Panasonic Corporation, Haier Group Corporation, Speed Queen, Amana, EdgeStar, Frigidaire, Hotpoint, General Electric Company, Maytag, Miele and Cie. KG, Midea, Summit. The key companies are hiring professional washer man & partners in order to cater to the requirements of customers who want convenience and high quality cleaning of clothes. The laundry based companies are also switching toward sustainable practices so as to save energy, water, and reduce operational costs. The companies operating in the market are using strategies for instance partnership with local washer man and introducing website or app based on on-demand laundry in order to register sound returns.

Based on type, laundry combo market is segmented into impeller type washer, roller washing machine and others. Based on product type, market is segmented into electric smoothing irons, washing machine, dryers and others. Based on appliances, market is segmented into built-in laundry appliances, freestanding laundry appliances and others. Based on dryer product, market is segmented into vented electric clothes dryer and non-vented electric clothes dryer. Based on barrel type, market is segmented into single barrel and double barrel. Based on technology, market is segmented into semi-automatic or manual, fully automatic and others. Fully automatic segment holds major share in market owing to growth in shortage of time for household chores. Based on washing machine capacity, market is segmented into below 6 kg, between 6 and 8 kg, and 8 kg & above. Based on service, market is segmented into wash & fold, dry cleaning and wash & iron. Based on business type, market is segmented into offline and online business. Based on payment methods, market is segmented into online payment and cash payment. In addition, based on application, market is segmented into commercial applications, residential application and others. Commercial segment includes restaurants, hotel and others. The segment is expected to exhibit higher CAGR due to continue advancement in their hospitality services during the forecast period.

The laundry combo market is driven by Rise in affordability of washing machine, followed by growth in shifting consumer preferences and improvement in living standards, inclusion of women in the workplace, growth in consumer inclination towards fragrance lifestyle, rise in smart city projects, increase in busyness of life & growth in urbanization, growth in technological innovation (built-in appliances and others) and rise in demand for environment-friendly laundry combo. However, high capital investment & logistics issues may impact the market. Moreover, growth in investment in new product development by companies and rise in focus on the convenience factor of consumers are key opportunities for market.

Based on geography, the North-American region holds major share in laundry combo market owing to rise in number of commercial facilities and growth in luxury lifestyle of people in the region. The European and Asian-Pacific regions are expected to witness higher growth rate due to increase in people spending on lifestyle improvement, rise in employments and increase in tourism industry over the forecast period. In upcoming years, it is estimated that future of the market will be optimistic as a result of increase in infrastructural spending and growth in people’s requirement for a comfortable and convenient style of life during the forecast period.

For More Information, refer to below link:-

Global Laundry Combo Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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