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Adoption of innovative solutions to push commercial laundry market to reach USD 1.83 billion by 2028

 

Commercial laundry services help the healthcare and hospitality industries save 30% to 40% of their cost spent on water and power utilities

 

Filed under
Laundry
 
January 12, 2023
 
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Adoption of innovative solutions to push commercial laundry market to reach USD 1.83 billion by 2028
 

Growing consumer preference for the widespread implementation of automation in the laundry sector, are driving the growth of the commercial laundry market. Furthermore, growing urbanization, changing consumer purchasing patterns, and increasing digitalization, all favor the market. According to SkyQuest's survey, commercial laundry services help the healthcare and hospitality industries save 30% to 40% of their cost spent on water and power utilities, allowing them to spend this money on their core services.

A gradual rise in customer spending toward tourism is anticipated to positively benefit the hospitality industry, driving growth for the commercial laundry market. SkyQuest's market report shows that the global hospitality industry grew from $3,952.87 billion in 2021 to $4,502.83 billion in 2022. 

To better cater to visitors, hotels increase the number of times linen is changed in a hotel room daily, increasing the amount of linen that needs to be washed after each change. This business model is predicted to stimulate demand for laundry services in the hospitality industry. Hotels prefer to use a professional launderette to save time and maintain quality services.

 

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