World Commercial Washing Machine Market: 4.53% CAGR to 2020

ReportsnReports.com adds Global Commercial Washing Machine Market 2016-2020 latest research report, this analyst forecast the global commercial washing machine market to grow at a CAGR of 4.53% during the period 2016-2020.

November 15, 2016 /MarketersMedia/ —

The global commercial washing machine market analyst says one of latest trends in the market is increase in online laundry services. Many laundry service providers are going online and also introducing mobile applications to attract more customers. Increasing internet penetration worldwide has enabled customers to access online laundry services. For instance, WASHNOW, a Qatar-based online laundry service provider, launched an Android app along with an iOS version in 2015. The customers can select a pick-up time from the mobile app and are then informed when their laundry will be returned; it usually takes a 48-hour turnaround service for all washing, ironing, and dry cleaning services.

Complete report on commercial washing machine market spread across 58 pages, analyzing 5 major companies and providing 28 data exhibits are now available at http://www.reportsnreports.com/reports/749295-global-commercial-washing-machine-market-2016-2020.html

The following companies are the key players in the global commercial washing machine market: Alliance Laundry Systems, Continental Girbau, Dexter Apache Holdings, Electrolux, and Whirpool. Other prominent vendors in the market are: BÖWE, G.A. Braun, GE, R. Stahl, JLA, Lead Laundry and Catering, LG Electronics, Miele Company, Pellerin Milnor, Renzacci, Schulthess Maschinen, Shanghai Shenguang Laundry Machinery Group, and Stefab.

According to the commercial washing machine market report, one of the primary drivers in the market is increase in number of laundromats and growth of online laundry services in APAC. The number of launderettes is increasing at a fast pace in various APAC countries. For instance, the popularity of coin laundries is increasing rapidly Japan owing to the increased number of dual-income households. One of the main reasons for the increase in female employment in Japan is the acute labor shortage. In 2015, the job opening-to-applicant ratio in the country stood at a 23-year high of 1.28 times, meaning there were 28% more jobs available than people seeking work in Japan. Although the government is permitting foreigners to work, employers are tapping into the female talent pool in the country as supply remains scarce. Order a copy of Global Commercial Washing Machine Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=749295

Increased awareness and concerns about water scarcity are prompting vendors in the global commercial washing machine market to incorporate water saving technologies into their products. Microprocessors in washing machines control the water level in the machine by calibrating the requirement to each wash program. Some washing machines available in the market are designed specifically to reduce water consumption per cycle by almost 1/2 gallon per pound of wash capacity.

Global Commercial Washing Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global commercial washing machine market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of commercial washing machines.

Further, the commercial washing machine market report states that one major challenge in the market is logistics challenge for online laundry services in developing economies. The concept of online laundry services is an established concept in developed nations. However, it is a new concept in developing economies such as India, China, and Brazil. Recently, many new online laundry services have been set up in India.

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