Will Laundry Folding Machine Market carry its growth momentum post COVID-19? Read more to know

Laundry Folding Machine Introduction

  • A laundry folding machine is used to fold clothes such as t-shirts, towels, pants, and bed sheets in a few minutes. Laundry folding machines are used by various end-users such as hotels, hospitals, and apparel manufacturers.
  • FoldiMate, Inc., one of the leading manufacturers of laundry folding machines, has developed an advanced model, and now this latest model automatically adapts to the clothing item type and size.
  • The global laundry folding machine market is predicted to expand at a rapid pace during the forecast period owing to increased demand for laundry folding machines in different industries such as textiles, apart from retail stores and hotels.

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Laundry Folding Machine Dynamics

Key Drivers and Restraints of the Laundry Folding Machine Market

  • Rise in disposable income of consumers and urbanization are the major factors anticipated to boost the market globally.
  • The increasing use of laundry folding machines by apparel manufacturers, industrial launderers, hotels, hospitals etc., is anticipated to boost the laundry folding machine in the near future.
  • Growing adoption of IIoT-enabled machinery in the textile industry and implementation of Industry 4.0 are also expected to spur the laundry folding machine market globally.
  • Automation in the textile industry plays an important role in enhancing the growth of the laundry folding machine market
  • Laundry folding machines work around new developments in Artificial Intelligence (AI), Internet of Things (IoT), and robotics, thus enabling these machines to connect to the internet and perform complicated tasks autonomously. This in turn is anticipated to propel the market growth in the next few years.
  • However, high cost of laundry folding machines is the major factor expected to hinder the growth of the market in the upcoming years.

Significant Growth Potential for the Apparel Manufacturers Segment

  • Under the end-user segment, apparel manufacturers accumulated major share of the laundry folding machine market.
  • This is primarily due to growth in the fashion industry worldwide and rapid growth of the textile industry, which in turn is projected to boost the laundry folding machine market in the forthcoming years.

Laundry Folding Machine Market- Competitive Landscape

Key Players Operating in the Global Laundry Folding Machine Market

Currently, few local, regional, and international players in the market manufacture laundry folding machines. Hence, the market is consolidated and bargaining power of suppliers is high; intensity of competition is also high among these players. Rapid technological advancements have led to a threat of substitution in the laundry folding machine market. In September 2017, Panasonic Corporation developed a washing machine that folds clean clothes.

Key players operating in the global laundry folding machine market include:

  • FoldiMate, Inc.
  • Seven Dreamers Laboratories
  • Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd
  • Ramsons Garment Finishing Equipments Pvt. Ltd.
  • Consolidated Laundry Machinery
  • Sara Equipments
  • Panasonic Corporation
  • C – Mac Services
  • Sunrise Garment Machinery Pvt. Ltd.
  • Welco Garment Machinery Pvt. Ltd.

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Laundry Folding Machine Market: Research Scope

Laundry Folding Machine Market Segmentation – by Type

  • Towel Folder Machine
  • Shirt Folding Machine
  • Bed Sheet Folding Machine

Laundry Folding Machine Market Segmentation – by End-user

  • Apparel Manufacturers
  • Industrial Launderers
  • Hotels
  • Hospitals
  • Other Institution Types

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

TMR Latest News Publication:  https://www.globalbankingandfinance.com/reusable-water-bottles-market-sales-are-expected-to-grow-steadily-to-reach-us-11-bn-by-2027/