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Commercial Washing Machines Market to Grow $5.08 Billion by 2031, Driven by Increasing Demand and Technological Innovations: Market Research Intellect

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LEWES, Del., Oct. 18, 2024 /PRNewswire/ — The Commercial Washing Machines Market is driven by increasing demand from the hospitality, healthcare, and laundry service industries for efficient, high-capacity cleaning solutions. Technological advancements, such as energy-efficient models and smart washing machines with automation features, enhance operational efficiency and reduce water and energy consumption. Additionally, the growing emphasis on hygiene and cleanliness, particularly post-pandemic, is further fueling the need for commercial washing machines, leading to sustained market growth.

The Commercial Washing Machines Market Size was valued at USD 3.63 Billion in 2023 and is expected to reach USD 5.08 Billion by 2031, growing at a 3.5% CAGR from 2024 to 2031. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market.

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202 – Pages
126 – Tables
37 – Figures

Scope Of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Whirlpool Corporation, Electrolux AB, LG Electronics, Miele & Cie. KG, Siemens AG, Dexter Laundry, Inc., Rinnai Corporation, Speed Queen, Maytag Commercial Laundry, and Panasonic Corporation.

SEGMENTS COVERED

By Type, By Application And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Commercial Washing Machines Market Overview

Market Size and Growth Potential
The Commercial Washing Machines Market was valued at USD 3.63 billion in 2023 and is projected to reach USD 5.08 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. This growth is driven by increasing demand for efficient laundry solutions across various sectors, including hospitality, healthcare, and industrial laundry services. As businesses prioritize cleanliness and hygiene, the need for high-capacity, energy-efficient washing machines has surged. The market’s potential is further amplified by technological advancements that improve washing machine performance and reduce operational costs. Additionally, the rising trend of commercial laundry outsourcing among businesses is expected to contribute significantly to market growth. With a favorable economic outlook and increasing investments in laundry infrastructure, the commercial washing machines sector is poised for robust growth in the coming years.Technological Advancements
Technological advancements are revolutionizing the Commercial Washing Machines Market, enabling manufacturers to develop innovative solutions that cater to evolving customer needs. Features such as smart technology, IoT connectivity, and automation are enhancing operational efficiency and user experience. Smart washing machines allow users to remotely monitor and control laundry cycles, optimize energy consumption, and track maintenance schedules, resulting in reduced operational costs. Additionally, energy-efficient models are designed to minimize water and energy usage without compromising cleaning performance. These advancements not only address environmental concerns but also help businesses save on utility bills. Moreover, advancements in washing machine designs, such as improved drum technology and higher spin speeds, are contributing to faster drying times and superior cleaning results. As these technologies continue to evolve, they will play a crucial role in shaping the future of the commercial washing machines market.Segment Analysis
The Commercial Washing Machines Market is segmented into various categories based on type, capacity, and end-use industry. Key segments include front-loading and top-loading washing machines, with front-loading models gaining popularity due to their efficiency and lower water consumption. Capacity segmentation ranges from small to large machines, catering to diverse operational needs across industries. The end-use segment encompasses hospitality (hotels and restaurants), healthcare (hospitals and clinics), and industrial laundry services. Each segment exhibits unique growth drivers; for instance, the healthcare sector demands stringent hygiene standards, leading to increased investments in commercial washing machines. The hospitality industry prioritizes efficient, high-capacity solutions to handle large volumes of laundry. Understanding these segments allows manufacturers to tailor their products and marketing strategies to meet the specific demands of each industry, enhancing their competitive positioning within the market.Regional Insights
Geographically, the Commercial Washing Machines Market is experiencing diverse growth patterns. North America holds a significant market share, driven by established hospitality and healthcare sectors that prioritize efficient laundry solutions. The U.S. is a key player, with high investments in commercial washing machine infrastructure. Europe follows closely, with countries like Germany and the U.K. focusing on energy-efficient and technologically advanced washing solutions. In contrast, the Asia-Pacific region is witnessing rapid growth, fueled by increasing urbanization, rising disposable incomes, and expanding laundry service industries in countries like China and India. Latin America and the Middle East are also emerging markets, driven by improving economic conditions and increasing demand for hygiene in various sectors. As businesses across these regions invest in modern laundry solutions, the commercial washing machines market is poised for substantial growth on a global scale.
Download Sample Report Now: https://www.marketresearchintellect.com/download-sample/?rid=154000Market Drivers
Several factors are driving the growth of the Commercial Washing Machines Market. The increasing focus on hygiene and cleanliness, particularly in the post-pandemic world, has heightened demand for efficient and reliable laundry solutions across various sectors. Additionally, the growing hospitality and healthcare industries are major contributors, as these sectors require high-capacity washing machines to manage large volumes of laundry. Technological advancements, including smart washing machines that optimize energy and water usage, further drive market demand. Furthermore, the trend of outsourcing laundry services is gaining traction among businesses, creating additional opportunities for commercial washing machine manufacturers. Rising environmental concerns also push businesses toward energy-efficient machines that reduce their carbon footprint. Collectively, these drivers are expected to shape the market’s trajectory in the coming years.Challenges and Restraints
Despite the promising growth outlook, the Commercial Washing Machines Market faces several challenges. One significant concern is the high initial investment required for advanced washing machines, which may deter smaller businesses from upgrading their equipment. Additionally, the ongoing supply chain disruptions and rising raw material costs can impact manufacturing and pricing strategies. Another challenge lies in the rapid technological advancements; manufacturers must continuously innovate to stay competitive, which can strain resources. Furthermore, the market is characterized by a high level of competition, leading to price wars that may affect profit margins. Lastly, differing regulations across regions regarding energy efficiency and waste management can complicate market entry for manufacturers looking to expand globally. Addressing these challenges is essential for sustained growth and profitability in the commercial washing machines sector.Future Trends
The future of the Commercial Washing Machines Market is poised for exciting developments driven by ongoing trends and innovations. The rise of smart washing machines equipped with IoT technology will enhance connectivity, allowing users to monitor and control their machines remotely. This trend will facilitate better energy management and predictive maintenance, reducing downtime and operational costs. Additionally, sustainability will become increasingly important, with manufacturers focusing on eco-friendly materials and energy-efficient designs to meet regulatory standards and consumer preferences. The demand for multi-functional machines capable of handling various fabrics and washing requirements is also expected to grow. Furthermore, the market may see a rise in subscription-based laundry services as businesses seek convenience and efficiency. As these trends evolve, they will shape the landscape of the commercial washing machines market, offering new opportunities for innovation and growth.Competitive Landscape
The competitive landscape of the Commercial Washing Machines Market is characterized by a mix of established players and emerging companies striving to capture market share. Key players include Whirlpool Corporation, Electrolux AB, LG Electronics, and Miele & Cie. KG, which dominate the market with their innovative product offerings and strong distribution networks. These companies invest heavily in research and development to introduce advanced washing machines that cater to evolving customer needs. Additionally, smaller and regional manufacturers are gaining traction by providing cost-effective solutions tailored to local markets. Strategic partnerships, collaborations, and mergers and acquisitions are common strategies employed by companies to enhance their product portfolios and expand their geographic reach. As competition intensifies, firms are focusing on sustainability, energy efficiency, and smart technology integration to differentiate themselves and capture a larger share of the growing commercial washing machines market.

Geographic Dominance:

The Commercial Washing Machines Market exhibits significant geographic dominance, with North America and Europe leading in market share due to established industrial and commercial sectors. In North America, the United States stands out as the primary market, driven by a robust hospitality industry, healthcare facilities, and the demand for efficient laundry solutions. The focus on cleanliness and hygiene, particularly in the post-pandemic landscape, has further accelerated growth in this region. Europe follows closely, with countries like Germany, France, and the United Kingdom investing heavily in advanced commercial washing technology. The European market emphasizes energy efficiency and sustainability, leading to a demand for eco-friendly washing machines that comply with stringent regulations. The Asia-Pacific region is emerging as a key growth area, fueled by rising urbanization, increased disposable income, and a booming laundry service industry in countries such as China and India. As businesses and consumers alike seek convenient and efficient laundry solutions, the region is expected to see substantial market expansion.

Commercial Washing Machines Market Key Players Shaping the Future

Key players shaping the future of the Commercial Washing Machines Market include Whirlpool Corporation, Electrolux AB, LG Electronics, Miele & Cie. KG, Siemens AG, Dexter Laundry, Inc., Rinnai Corporation, Speed Queen, Maytag Commercial Laundry, and Panasonic Corporation.

Commercial Washing Machines Market Segment Analysis

The Commercial Washing Machines market is segmented based on By Type, By Application and Geography, offering a comprehensive analysis of the industry.

1. By Type

Front-Loading Washing Machines: Known for their energy efficiency and superior cleaning capabilities, these machines are widely used in commercial settings.Top-Loading Washing Machines: Generally easier to load and unload, these machines are favored in some commercial applications for their convenience.Stackable Washing Machines: Designed to save space, stackable models are ideal for establishments with limited floor space.Washer-Dryer Combos: These units provide both washing and drying functions, offering versatility in laundry operations.

2. By Application

Hospitality: Hotels and restaurants require high-capacity machines to handle large volumes of linens and uniforms.Healthcare: Hospitals and clinics need efficient washing solutions to maintain hygiene standards for medical linens and garments.Industrial Laundries: These facilities serve multiple clients, demanding robust machines for high-volume operations.Residential Laundromats: Self-service laundromats rely on commercial machines to provide effective laundry solutions for the public.

3. By Geography

North America: Dominated by the U.S. and Canada, with significant investments in laundry infrastructure.Europe: Features strong markets in Germany, the U.K., and France, focusing on energy-efficient solutions.Asia-Pacific: Rapid growth driven by urbanization and rising disposable incomes, especially in China and India.Latin America: Emerging markets are witnessing steady growth due to improving economic conditions.Middle East and Africa: Growing demand for hygiene in hospitality and healthcare sectors is boosting market expansion.         

Manufacturing and Construction:

The Manufacturing and Construction segment of the Commercial Washing Machines market plays a crucial role in driving production efficiencies and enhancing product quality. Manufacturers are increasingly adopting advanced technologies and methodologies to produce high-capacity, energy-efficient washing machines tailored for commercial use. The integration of automation and robotics in the manufacturing process not only improves operational efficiency but also reduces production costs, enabling companies to deliver competitive pricing to end-users. In the construction sector, commercial washing machines are becoming essential in facilities that require rigorous cleaning standards, such as hotels, hospitals, and industrial laundries. These environments demand machines that can handle heavy loads while ensuring thorough sanitation. The focus on sustainable construction practices is also influencing the market, as manufacturers are incorporating eco-friendly materials and energy-efficient designs to align with regulatory standards and consumer preferences. Additionally, as commercial laundry operations expand globally, there is an increased emphasis on building robust supply chains to ensure timely availability of parts and maintenance services. Manufacturers are investing in R&D to innovate products that address specific needs in the construction and manufacturing sectors, including durability, ease of use, and low maintenance requirements.   

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Mila Health Launches AI-Powered Provider Assistant to Close Care Gaps

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Mila improves patient outcomes, lowers no-show rates and communication burden

SEATTLE, Oct. 18, 2024 /PRNewswire/ — Mila Health, a leader in healthcare artificial intelligence (AI), announced today the launch of Mila, a state-of-the-art, AI-powered provider assistant that automates patient-provider interactions and closes patients’ care gaps.

Healthcare providers use Mila to autonomously guide patients to manage chronic and other conditions, lowering no-show rates while reducing manual effort. Mila engages patients with empathy, uses behavior change techniques to nudge patients, addresses open-ended questions accurately, learns from past conversations, and motivates them to comply with care plans. Mila integrates with EMRs for seamless provider workflows.  

Increasing patients’ adherence to care plans, such as annual wellness visits and procedures, improves the quality of care, decreases costs, and drives revenue. However, implementing patient-outreach programs requires manual operations, which are expensive and inconsistent. Mila resolves these issues for providers by using AI to autonomously reach out to patients to schedule their appointments, closing care gaps by more than 25% over existing baselines.

Several provider organizations, including Aayu Clinic, MIMIT Health, and Best Practices Inpatient Care, already have deployed Mila to enhance adherence, save staff time, and improve patient outcomes.

“Mila reaches out to patients and communicates in an engaging and effective way to automatically schedule appointments for the practice,” said Dr. Abhijit Shinde, MD, CEO of Aayu Clinic.  “We have increased appointments and patient adherence by 25% and reduced the time my staff spends making outreach calls by 10 hours per week. That’s crucial, since we have over 26,000 patients who need to be contacted and scheduled to meet our HEDIS quality measures. In the past, we sent letters or called patients, both expensive and ineffective methods. Mila, in turn, has been amazing.” 

“At MIMIT Health, we have several clinics that conduct hundreds of procedures per month,” said Dr. Paramjit Chopra, MD, CEO of the physician group. “We need to prepare patients for their procedures and then follow-up with them to ensure that they are adhering to their care plans. Previously, this process was manual. Today, we have integrated Mila Health into our Salesforce Health Cloud, from which we trigger automated tasks to Mila, such as scheduling follow-ups for patients past due for checkups. Mila autonomously completes the task, and when needed, automatically opens a ticket on the appropriate Slack channel. Thanks to Mila, we have saved hours of manual call operations, enabling us to prioritize our patients’ clinical needs over cumbersome administrative tasks.” 

“Mila’s AI-based automation has reduced no-show rates by more than 50%, driving down readmission and significantly improving patient health outcomes,” said Dr. Jeff Kreamer, MD, CEO of Best Practices Inpatient Care. “We discharge over a hundred patients a day from hospitals in the Chicago area and, previously, we manually called and sent scripted text reminders to ensure patient follow-up. Now, Mila autonomously calls patients to guide them in transitioning from their in-patient visits.”

“Manually delivering value-based care is costing the U.S. $234 billion annually in lost revenue, avoidable readmissions, and burnout on clinicians and staff. We are building Mila to be the most engaging assistant to deliver value-based care,” said Shailu Verma, CEO and co-founder of Mila Health. “We are building Mila to automate comprehensive post-visit care management, including symptom tracking, medication adherence, appointment management, and logistics coordination related to Social Determinants of Health (SDOH), such as scheduling transportation and care companions.”

About Mila Health
Mila Health is an innovative healthcare company from Swan AI Studios. Mila Health’s mission is to empower every individual to a better health outcome with personalized and trusted guidance. Mila is an AI-powered provider assistant that uses behavior change techniques, empathy, and nudges to engage and guide patients in their care journeys before and following visits. Patients can ask Mila questions and get clinically validated care instructions and educational resources when they need them – without additional provider involvement. To learn more, visit milahealth.com.

Media Contact:
Philip Anast (Amendola for Mila Health)
312-576-6990
panast@acmarketingpr.com

 

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SOURCE Mila Health

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BE OPEN Art launches the last regional competition of 2024 to support emerging artists of Southern Africa

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LONDON, Oct. 18, 2024 /PRNewswire/ — BE OPEN Art, an online gallery set up by Elena Baturina’s humanitarian think-tank BE OPEN, continues to run BE OPEN Regional Art, the regional competition for emerging artists aimed to support those whose art best represents their regional, cultural and ethnic identities.

Throughout 2024, the BE OPEN expert community will continue selecting those artists who best represent the artistic tradition of a certain region to feature in the BE OPEN Art gallery and offer them greater visibility.

The fourth stage of the second year of the programme run will cover the countries of Southern Africa: Angola, Botswana, Lesotho, Malawi, Mozambique, Namibia, South Africa, Swaziland, Zambia, and Zimbabwe.

The stage will traditionally last three months, and the regional winner for Southern Africa will be announced and awarded 500 euro at the end of December 2024. In the meantime, artworks by 20 emerging artists from the listed countries will be posted at the online gallery every month, and a public vote will select the Regional Artist of the Month. At the end of the stage, one of the monthly winners will become the Artist of the Region, based on the amount of votes by the public and the BE OPEN art community members.

The regional competition runs alongside the regular ongoing work of BE OPEN Art, whose experts every month select 20 new artists for the gallery, using online voting to name the Artist of the Month and the Artist of the Year. 

Aiming to support emerging talent, BE OPEN Art selects artists at an early stage of their career who emphasize social consciousness and aesthetical solutions to the wrongs of the contemporary world. The project sees its mission in looking for new influencers in the art scene, and invites everyone to contribute.

BE OPEN is a global initiative to foster creativity and innovation, a think-tank whose mission is to promote people and ideas today to build solutions for tomorrow. It is a cultural and social initiative supported by Austria-based international philanthropist and businessperson Elena Baturina.

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NASA, Artemis Accords Signatories Progress on Sustainable Exploration

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WASHINGTON, Oct. 18, 2024 /PRNewswire/ — A record number of Artemis Accords signatories, including the United States, gathered at the International Astronautical Congress (IAC), the world’s largest global space conference taking place in Milan this week, furthering discussions on the safe and responsible use of space for the benefit of all.

During the space conference, top space agency leaders and other government representatives met Oct. 14 to continue advancing implementation of the Artemis Accords, marking the most comprehensive engagement yet among Accords signatories.

“As we send humans further into the solar system, collaboration and shared responsibility among nations are more critical than ever,” said NASA Deputy Administrator Pam Melroy. “The Artemis Accords provide a common sense set of principles to guide our work together, and our recent efforts to further their implementation is fostering a remarkable environment of trust and cooperation where all nations can contribute to and benefit from these endeavors.”

The high-level meeting was co-chaired by NASA, CSA (Canadian Space Agency) and Italian Space Agency. With 42 of 45 signatories participating, established and emerging spacefaring nations from every region of the world were represented to help create a foundation for future space exploration for the Artemis Generation.

Leaders from each nation reflected on how the group can contribute to and advance existing multilateral forums, further technical discussions to inform policy deliberations, and promote and encourage the participation of emerging space nations including the adoption of the Artemis Accords by additional countries. They agreed on recommendations on non-interference, interoperability, release of scientific data, long-term sustainability guidelines, and registration to advance implementing the Artemis Accords. A method of operations was established for the ongoing work of the signatories.

“Promoting the participation of emerging space nations and encouraging the adoption of the Artemis Accords is crucial for the entire space,” said Teodoro Valente, president of the Italian Space Agency. “This is a matter of strategic importance in order to ensure the active and meaningful engagement of emerging space nations, both those already part of the Artemis Accords, and those poised to join in the future.”

The conversation in Milan built on previous work during a workshop in Montreal in May 2024, where participants delved into the topics such as non-interference and interoperability.

Canada is pleased to be part of a growing group of countries committed to the safety and sustainability of outer space activities,” said Lisa Campbell, CSA president. “We are strong supporters of the Artemis Accords and are pleased to have hosted the most recent workshop that advanced work on key aspects of the Artemis Accords. We look forward to continuing this important work in the coming months and years.”

In October 2023, signatories agreed on an initial set of mission data parameters to advance transparency and non-interference in conducting space activities. The data parameters identify relevant information about planned lunar surface missions including expected launch dates, the general nature of activities, and landing locations. Recent progress also included work on a database to house them. Several space agencies, including NASA, have submitted mission data to the United Nations Office of Outer Space Affairs for dissemination.

Potential focus areas for the next year include further advancing sustainability, including debris management for both lunar orbit and the surface of the Moon.

In 2020, the United States and seven other nations were the first to sign the Artemis Accords, which identified a set of principles promoting the beneficial use of space for humanity. The Artemis Accords are grounded in the Outer Space Treaty and other agreements including the Registration Convention, the Rescue and Return Agreement, as well as best practices and norms of responsible behavior that NASA and its partners have supported, including the public release of scientific data. 

The commitments of the Artemis Accords and efforts by the signatories to advance implementation of these principles support the safe and sustainable exploration of space.

Learn more about the Artemis Accords at:

https://www.nasa.gov/artemis-accords/ 

 

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SOURCE NASA

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