The global laundry accessories market is projected to grow at a CAGR of 3.9% during the forecast period. The laundry accessories market size has been estimated at USD 6.6 billion in 2018 and is expected to reach USD 8.5 billion by 2028 with an increase in demand for eco-friendly products across different applications such as commercial laundries, hotels, hospitals etc.
The study includes an in-depth analysis of the trends and growth opportunities within the laundry accessories market, that would help marketers & investors understand what is driving this industry. The report provides a comprehensive overview of key drivers and challenges impacting the market, providing valuable insights on how to stay ahead in order to compete more effectively along with necessary actionable recommendations. In terms of region, Latin America has been estimated at USD 216 million in 2018 and is expected to reach USD 296 million by 2028 thus registering a CAGR of 11%. Europe had been estimated at USD 236 million in 2018 which will grow significantly during the forecast period from 2019 onwards reaching USD 295 million by 2028 owing to various factors such as increase demand for eco-friendly products.
In terms of type, Laundry Reel is estimated to grow at the highest CAGR of 24% in terms of revenue. Laundry Reel is a device that helps in drying clothes and other laundry items. It can be used for public places like laundromats to help dry the washing machine drum or it can be used at home, typically next to an open window where breezes will carry away water droplets from the wet clothes as they dries on hanger rods. It features two sections: one with aluminum poles across which clothes are hung and another section fitted with rotating metal drums (hence called reel). The weight of wet clothing causes the rotational movement of these drums, hence facilitating quick drying by exposing them to air currents. Laundry reels come in varying load capacities depending upon their size, but range between 15 kg to 25 kg dependent on the size.
Racks are also used to dry clothes in a space, typically outdoors or indoors where there is little circulation of air for drying. They can be made from bamboo, metal wires or aluminum and usually have four poles that extend upwards with horizontal bars fitted at different heights according to individual preferences. Drying racks come in various sizes depending on the load capacity required by the user and most models support up to 20 kgs of wet clothing each.
Up Market Research published a new report titled “Laundry Accessories Market research report which is segmented by Types (Laundry Reel, Board Hanger, Chrome Hamper, Paper Storage Bag, Washing Machine Drum, Drying Rack, Lint Filter, Base), By Applications (Home Use, Commercial), By Players/Companies Garment Racks Etc, All Racks, Inc., SONGMICS, Deco Brothers, Simple Houseware, Ollieroo, Sumsung, LG, Bosch, Siemens, Whirlpool, Hisense”.
Report Attributes | Report Details |
Report Title | Laundry Accessories Market Research Report |
By Type | Laundry Reel, Board Hanger, Chrome Hamper, Paper Storage Bag, Washing Machine Drum, Drying Rack, Lint Filter, Base |
By Application | Home Use, Commercial |
By Companies | Garment Racks Etc, All Racks, Inc., SONGMICS, Deco Brothers, Simple Houseware, Ollieroo, Sumsung, LG, Bosch, Siemens, Whirlpool, Hisense |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 213 |
Number of Tables & Figures | 150 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Laundry Reel, Board Hanger, Chrome Hamper, Paper Storage Bag, Washing Machine Drum, Drying Rack, Lint Filter, Base and By Application Home Use, Commercial.
Some of the companies that are profiled in this report are:
Laundry Accessories Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Laundry Accessories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Laundry Accessories Market Report:
Some other reports from this category!