Coin Operated Laundry Machines Market To Report Massive Growth, Revenue To Surge To US$ 1,941 Million Globally by 2026 – ZMR
Global coin operated laundry machines market was valued at USD 1,622 Million in 2019 and is expected to reach over USD 1,941 Million by 2026, growing at a CAGR of around 2.6% during the forecast period from 2020 to 2026.
New York, United States – October 23, 2020 /MarketersMedia/ —
Zion Market Research has published a new report titled “Coin Operated Laundry Machines Market, by Type (Coin Operated Washers, Coin Operated Dryers), by Application (Hotel, Laundry Home, Hospital, School Apartments, Others), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2026”. According to the report, the global coin operated laundry machines market was valued at USD 1,622 Million in 2019 and is expected to reach over USD 1,941 Million by 2026, growing at a CAGR of around 2.6% during the forecast period from 2020 to 2026.
Coin operated laundry machine is self-help washing equipment. Due to its various applications it has become the first choice of most of the customers. It also has characteristics like it is very suitable for schools, factories, rental apartments, residential areas etc. Also, it requires very less space and can also be kept at stairs and the installation & operation is also very easy and simple. One of the very important features is its low power consumption.
The machine requires that users insert a certain amount of coins to be able to use the machine for a given period of time. After the user has entered the number the integrated timer sets itself in the system and does not require any monitoring. There is no need of any billing counter which means hassles free payments with any queue. This can drive the growth of coin operated laundry machine market in the forecast period. Also, increasing consumer awareness about technically advanced products and virtual reality has driven the demand for these products.
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The coin operated laundry machines market is segmented by type, application, and region. On the basis of type the market is bifurcated as coin operated washers and coin operated dryers. Also, by application, it can be bifurcated into hotel, laundry home, hospital, school apartment, and others. The school apartment segment is expected to drive the growth of the market in the forecast period because of the increasing number of students and lesser time availability. Lastly, on the basis of region it is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region is home to the world’s fastest-growing market for Coin-Operated Laundry Machines, which is reflected in the size of its industry and the rapid rate of expansion in output over recent years. Currently, different companies are aiming to produce Coin-Operated Laundry Machines in many other countries, with current and new areas and projects that are undergoing continuous exploration and feasibility tests.
Key participants in the industry include Whirlpool, Electrolux, Fagor, LG, Dexter, Little Swan, ADC, Girbau Group, and Alliance Laundry Systems, among others.
The report segments the global coin operated laundry machines market into:
Global Coin Operated Laundry Machines Market: Type Segment Analysis
Coin-Operated Washers
Coin-Operated Dryers
Global Coin Operated Laundry Machines Market: Application Segment Analysis
Hotel
Laundry Home
Hospitals
School Apartments
Others
Global Coin Operated Laundry Machines Market: Regional analysis
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/coin-operated-laundry-machines-market
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