$440.4m
$XX.Xm
1,088
23
$XX.Xm
The Commercial Washing Machine Manufacturing industry consists of manufacturers that manufacture commercial washing machines, which are most commonly used in laundromats and multifamily homes. Commercial washing machines are typically coin-operated and offer a longer life span, easier serviceability and lower incidence rate than household washing machines. Steady population growth and urbanization have failed to boost demand for commercial washing machines in the face of rising import penetration and low replacement demand. The COVID-19 pandemic in 2020 and the associated global economic decline exacerbated industry revenue declines, as exports plummeted and downstream demand stalled. Overall, industry revenue has been falling an annualized 4.6%, and is expected to reach $440.4 million through the end of 2023. This includes a decline of 0.4% in 2023 alone.Despite favorable demographic trends, declines in key downstream markets contributed to the industry's decline. Although rental vacancy rates fell consistently from 2018 to 2020, an increase in vacancy rates in 2021 and 2022 is expected to adversely affect the multifamily residential market. Also, two major downstream markets, Laundromats and Dry Cleaners, both experienced declining revenue during the period. The economic downturn in 2020 from the coronavirus pandemic further contributed to the industry's decline as demand from all downstream markets weakened and the overall economy slowed. Despite this decline, industry profit has marginally increased during the period as a result of rising consolidation. The largest manufacturers have gained market share during the period, staving off new entrants and boosting average industry profit.Revenue is expected to return to growth as the economy recovers through the end of 2028 and favorable demographic trends boost demand. Revenue is forecast to expand at a CAGR of 1.2% to $467.5 million through the end of 2028. US population growth and urbanization will likely contribute to a steady rise in domestic demand for commercial washing machines. The value of the dollar, as measured by the trade-weighted index, is expected to fall, which will likely aid export activity. Lastly, laundromats and cleaning-service providers will continue to replace older washing machines, leading to relatively stable demand for commercial washing machines.
Industry revenue has declined at a CAGR of 4.6 % over the past five years, to reach an estimated $440.4m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Whirlpool Corp | 105.1 | 7.6 | 7.2 | |
Pellerin Milnor Corporation | 59.9 | 4.2 | 7.0 | |
Alliance Laundry Holdings Llc | 55.9 | 4.3 | 7.7 |
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Industry revenue is measured across several distinct product and services lines, including Top-load agitators, Top-load high-efficiency washers and Frontload washers. Top-load agitators is the largest segment of the Commercial Washing Machine Manufacturing in the US.
Top-load washing machines are favored by laundromats
This industry manufactures commercial washing machines. Commercial washing machines are most commonly used in laundromats and multifamily homes and are typically coin-operated. Excluded from this industry are automated or continuous tunnel washers, which are used in the textile manufacturing and healthcare markets.
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NAICS 33331 - Commercial Washing Machine Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Shrinking commercial markets have hurt industry performance. Demand from both laundromats and dry cleaners has significantly declined.
Learn about an industry's products and services, markets and trends in international trade.
Top-loaded washing machines are the industry’s bread and butter. These machines’ ease of use and high capacity make them perfect for laundromats and other commercial markets.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Areas with urban centers attract manufacturers. These areas are home to the main downstream market for washing machine manufacturers.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers compete with one another on the basis of price, brand recognition and reputation. Location, availability and compatibility with other appliances are also import...
Learn about the performance of the top companies in the industry.
Whirlpool is the industry’s largest company. Whirlpool produces many prominent brand-name consumer-facing products like KitchenAid, Maytag and Whirlpool.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is heavily regulated by both state and federal governments. Manufacturers must ensure their products meet environmental safety and energy efficiency standards.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Input prices are the largest expense for the industry. Purchases include raw materials such as aluminum, steel sheets and other steel parts.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Commercial Washing Machine Manufacturing in the US industry in United States is $440.4m in 2024.
There are 23 businesses in the Commercial Washing Machine Manufacturing in the US industry in United States, which has declined at a CAGR of 5.8 % between 2019 and 2024.
The market size of the Commercial Washing Machine Manufacturing in the US industry in United States has been declining at a CAGR of 4.6 % between 2019 and 2024.
Over the next five years, the Commercial Washing Machine Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Commercial Washing Machine Manufacturing market in United States are Whirlpool Corp, Pellerin Milnor Corporation and Alliance Laundry Holdings Llc
Manufacturing of top load commercial washing machines and Manufacturing of frontload commercial washing machines are part of the Commercial Washing Machine Manufacturing in the US industry.
The company holding the most market share in United States is Whirlpool Corp.
The level of competition is high and steady in the Commercial Washing Machine Manufacturing in the US industry in United States.