At A CAGR Of 4.11%, Global Commercial Dryer Market Will Hit During 2017 – 2021

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The worldwide changes in work conditions and lifestyle have created a demand for commercial on-demand laundry services as consumers have limited time to do chores like laundry. This, in turn, has increased the demand for commercial laundry equipment. An increase in the disposable income and rise in the number of dual-income families across the globe has also increased the demand for laundromats, on-demand laundry services, and other commercial laundry services.

Technavios analysts forecast the global commercial dryer market to grow at a CAGR of 4.11% during the period 2016-2020.

Covered in this report 

The report covers the present scenario and the growth prospects of the global commercial dryer market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of the following types of commercial dryers in the market.

The market is divided into the following segments based on geography:
North America

Technavio’s report, Global Commercial Dryer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors 
Alliance Laundry Systems
Dexter Apache Holdings
Continental Girbau

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Other prominent vendors 
BWE Textile Cleaning
G.A. Braun
Lead Laundry and Catering
LG Electronics
Miele Company
Pellerin Milnor
Schulthess Maschinen
Shanghai Shenguang Laundry Machinery Group
Stahl Wschereimaschinen

Market driver 
Growth in tourism leading to increased demand for hotel.
For a full, detailed list, view our report

Market challenge 

Logistics challenge for online laundry services in developing economies.
For a full, detailed list, view our report

Market trend 
Increased use of wireless connecting devices and IoT.
For a full, detailed list, view our report

Key questions answered in this report 

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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