In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Coin-Operated Laundry Machines market for 2018-2023.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Coin-Operated Laundry Machines require users to enter a requisite amount in coins to be able to use the machine for a specified time. Once the user has entered the amount the integrated timer in the machine sets up itself and does not require to be monitored.
Since the Coin-Operated Laundry Machines required the user to pay the usage amount in advance, there is no need for a separate billing counter. This means hassles free payments, and that too without long queues. This also saves the laundromat extra space for more machines and drying area.
Since these machines maintain records of time automatically and directly collect money from the users, no separate billing and time recording staff is required. Few support staff are still a requisite to clean the laundry area and assist the users, but their number is far less than those required in general washing and drying machines.
Over the next five years, LPI(LP Information) projects that Coin-Operated Laundry Machines will register a 2.7% CAGR in terms of revenue, reach US$ 2300 million by 2023, from US$ 1960 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Coin-Operated Laundry Machines market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Coin-Operated Washers
Coin-Operated Dryers
Segmentation by application:
Hotel
Laundry Home
Hospital
School and Apartments
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East and Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Alliance Laundry Systems
Whirlpool
Electrolux
Fagor
LG
Haier
Kenmore
Pellerin Milnor
Miele
Dexter
Little Swan
ADC
Girbau
Hisense
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Coin-Operated Laundry Machines consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Coin-Operated Laundry Machines market by identifying its various subsegments.
Focuses on the key global Coin-Operated Laundry Machines manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Coin-Operated Laundry Machines with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Coin-Operated Laundry Machines submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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