Laundry Folding Machine Market Trends

Global Laundry Folding Machine Market Overview:

The Laundry folding machine market industry is projected to grow from USD 43.7 Million in 2023 to USD 62.6 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.1% during the forecast period (2024 - 2032). Laundry Folding Machine Market Size was valued at USD 42.2 Million in 2022. Time-saving and convenience, labor savings, efficiency and productivity, innovation and technological appeal, reduction in workload, aging population, environmental considerations, customization and features, market competition, early adopters and trendsetters, are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Laundry Folding Machine Market Trends

Rising aging population is driving the market growth

The aging population is anticipated to have a large impact on a number of markets, with developing technology, goods, and services being particularly affected. Industries are recognizing the need to adapt to the particular challenges and desires of this population as countries throughout the world suffer demographic upheavals marked by an increase in the number of elderly people. The market for creative responses to the aging population is growing, and the creation of goods like laundry folding machines is one area where this influence is particularly strong.

Through a combination of shifting demographics, changing consumer tastes, and an emphasis on improving older citizens' quality of life, the aging population is driving the market for laundry folding machines. Age-related physical limits or decreased mobility might make some jobs that were formerly simple more difficult. For senior citizens, routine home duties like folding clothing can become laborious and time-consuming. Laundry folding machines come into play in this situation as a remedy that takes care of the requirement for aid and support in daily chores.

Manufacturers are being compelled to include features that are especially suited to the demands of seniors as a result of the growing demand for products catering to the aging population. For this group of users, laundry folding machines frequently place an emphasis on user-friendly interfaces, ergonomic designs, and safety features that reduce potential risks. These factors not only make the equipment safe and easy for seniors to use, but also fit with their particular needs.

The effects of an aging population on the economy are equally substantial. In many industries, there is an increasing need for labor-saving alternatives as the percentage of elderly people rises. This is especially important for retirement communities, assisted living institutions, and nursing homes when it comes to folding laundry. These institutions manage a lot of laundry, thus they need effective management techniques. Due to their ability to automate laundry processes and eliminate the need for manual labor, laundry folding machines provide a cost-effective alternative.

Due to the fact that many older people have resigned from their employment and are now receiving pensions or other retirement benefits, they frequently have extra money to spend. They are able to make purchases that improve their quality of life thanks to their economic stability. When marketed as practical and time-saving tools, laundry folding machines can capitalize on this group's inclination to spend money on items that make life easier and more comfortable. Thus, driving the Laundry folding machine market revenue.

Laundry Folding Machine Market Segment Insights:

Laundry folding machine End-user Insights

The Laundry Folding Machine Market segmentation, based on end-user, includes apparel manufacturers, industrial launderers, hotels, hospitals and others. The apparel manufacturers segment dominated the market in 2022. Consumer preferences are a key factor in the growth of the apparel manufacturing sector. Manufacturers must modify their designs, materials, and aesthetics to keep up with changing consumer preferences. Manufacturers' strategies have been influenced by trends like sustainability, athleisure, and fast fashion, which have all pushed them to develop and create clothing that is in line with current fashion preferences.

Laundry folding machine Type Insights

The Laundry Folding Machine Market segmentation, based on type, includes automatic, semi-automatic and manual folding machine. The automatic category generated the most income in 2022. The huge time savings that automatic laundry folding machines provide is one of its main selling points. Modern consumers lead busy lifestyles, so any technology that makes chores like folding laundry easier is very alluring. By removing the necessity for manual folding, automatic devices free up users' time to engage in more useful or fun activities.

Figure 1: Laundry Folding Machine Market, by type 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Laundry folding machine Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Laundry Folding Machine Market dominated this market in 2022 (45.80%). Fast-paced lifestyles are prevalent in North American nations like the United States and Canada, where many people juggle work, family, and social obligations. These busy homes would benefit from laundry folding machines since they would save time and effort. Additionally, businesses wishing to cut labor costs in commercial settings like hotels and resorts may find laundry folding machines to be especially appealing in regions with higher labor prices, such as portions of the United States and Canada. Further, the U.S. Laundry folding machine market held the largest market share, and the Canada Laundry folding machine market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Laundry Folding Machine Market Share By Region 2022 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Laundry folding machine market accounts for the second-largest market share. The aging populations in several European nations may increase the market for laundry folding machines as elderly look for solutions to maintain their independence and quality of life. Eco-friendly products are valued by European consumers. This wish might be accommodated by laundry folding machines with water- and energy-saving capabilities. Further, the German Laundry folding machine market held the largest market share, and the UK Laundry folding machine market was the fastest growing market in the European region.

The Asia-Pacific Laundry Folding Machine Market is expected to grow at the fastest CAGR from 2023 to 2032. Asia-Pacific is a well-liked travel destination, and its hospitality industry is expanding. Laundry folding machines could help hotels and resorts effectively handle vast volumes of laundry. There is a desire for time-saving solutions in nations like China and Japan due to rapid urbanization and high population density. People who live in cities and have a limited amount of room might be served by laundry folding machines. Moreover, China’s Laundry folding machine market held the largest market share, and the Indian Laundry folding machine market was the fastest growing market in the Asia-Pacific region.

Laundry folding machine Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Laundry folding machine market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Laundry folding machine industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Laundry folding machine industry to benefit clients and increase the market sector. In recent years, the Laundry folding machine industry has offered some of the most significant advantages to medicine. Major players in the Laundry folding machine market, including Consolidated Laundry LLC, Herbert Kannegiesser GmbH, Ramsons Garment Finishing Equipment Pvt. Ltd., Sara Equipments, Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd, and Sunrise Garment Machinery Pvt. Ltd. and others, are attempting to increase market demand by investing in research and development operations.

Sunrise Garment Machinery is one of the industry's pioneers, having been in operation since 1996 and building a solid foundation in the garment finishing machinery sector. Sunrise Garment Machinery's goods and services have grown to be well regarded over the years, both domestically (in India) and worldwide. As a result, we now have a significant global presence in the garment finishing sector, something few of our rivals can confidently claim.  Products from Sunrise Garment Machinery are exported to all of the major global markets for the production of clothing. Sunrise Garment Machinery upholds the highest standards anticipated of a firm with an excellent reputation and is an ISO-certified organization. You can count on us to be methodical in everything the business does since we are obsessed with upholding the highest standards, whether it be in our interactions with clients or with employees. Everything is recorded and codified, from production procedures to installing business equipment in clients' facilities, which helps Sunrise Garment Machinery Pvt. Ltd. customers.

Consolidated Laundry is Proudly Serving NC, SC & VA Since 1968. Consolidated Laundry Equipment Inc. has provided laundry facilities in North Carolina, South Carolina, and Virginia with high-quality commercial washers and dryers for more than 40 years. Consolidated Laundry Equipment Inc. maintains a high degree of success because of the company's competent team of technicians, parts specialists, and knowledgeable sales representatives. The company is an industry leader in laundry equipment and services. All of the clients of Consolidated Laundry Equipment Inc. receive first-rate customer service. Consolidated Laundry has locations in Raleigh, Charlotte, and the surrounding area of Chesapeake, Virginia. They can assist you in designing and constructing a coin-operated laundry business, commercial laundry, or dry cleaning venture from scratch, or they can outfit your facility with a single machine.

Key Companies in the Laundry folding machine market include

• Consolidated Laundry LLC


• Herbert Kannegiesser GmbH


• Ramsons Garment Finishing Equipment Pvt. Ltd.


• Sara Equipments


• Shanghai Jinyi Washing Equipment Manufacturing Co. Ltd.


• Sunrise Garment Machinery Pvt. Ltd.

Laundry Folding Machine Market Segmentation

Laundry folding machine End-user Outlook

• Apparel manufacturers


• Industrial launderers


• Hotels


• Hospitals


• Others

Laundry folding machine Type Outlook

• Automatic


• Semi-automatic


• Manual folding machine

Laundry folding machine Regional Outlook

• 
  North America
  
  
  
  • U.S.
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America