Global Laundry Jet Market 2024–2033

Reports Description

As per the current market research conducted by CMI Market Research Team, the global Laundry Jet Market is expected to record a CAGR of 4.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 62.5 billion. By 2032, the valuation is anticipated to reach USD 100.76 billion.

The Laundry Jet market refers to the market for laundry systems that use an innovative technology called “Laundry Jet” to automate the process of washing and drying clothes. The Laundry Jet system is essentially a built-in laundry chute that connects to a central laundry unit located in the basement or garage of a house or building. This system uses vacuum technology to transport clothes from the laundry chute to the laundry unit, where the clothes are automatically sorted, washed, and dried.

The Laundry Jet system is designed to provide a more efficient and convenient way of doing laundry, particularly in larger households and commercial settings such as hotels and hospitals. The system reduces the need for manual labor, eliminates the need for bulky laundry baskets, and reduces the amount of water and detergent used in the washing process, resulting in significant savings in time, energy, and money.

The Laundry Jet market is expected to experience significant growth in the coming years due to the increasing demand for eco-friendly and energy-efficient laundry solutions, particularly in commercial and industrial settings. With the rise of single-person households and rapid urbanization, the Laundry Jet market is expected to expand further to cater to the needs of consumers who are looking for more convenient and efficient laundry solutions.

Laundry Jet Market – Significant Growth Factors

The Laundry Jet market has significant growth prospects due to several factors that are driving demand for more efficient and convenient laundry solutions. Some of the key growth prospects for the Laundry Jet market include:

Increasing demand for eco-friendly and energy-efficient laundry solutions: As consumers become more environmentally conscious, there is growing demand for laundry systems that are designed to be energy-efficient and eco-friendly. The Laundry Jet system uses significantly less water and detergent than traditional washing machines, making it an attractive option for consumers who want to reduce their environmental impact.

The growing

popularity of home automation systems: With the rise of smart homes and home automation systems, there is a growing demand for appliances and systems that can be integrated into these systems. The Laundry Jet system can be easily integrated into a smart home system, allowing consumers to control and monitor their laundry from their smartphones or other devices.

Increasing demand from the hospitality industry: The hospitality industry, including hotels and resorts, is a significant market for the Laundry Jet system. As hotels and resorts seek to differentiate themselves from competitors by offering innovative and convenient amenities, the Laundry Jet system is becoming an increasingly popular choice for providing guests with a hassle-free laundry experience.

Growth in urbanization and single-person households: As more people move to urban areas and live in smaller households, there is growing demand for laundry solutions that are designed to be space-saving and efficient. The Laundry Jet system is an attractive option for consumers who want to save space and time while still being able to do laundry conveniently and efficiently.

Overall, the Laundry Jet market is expected to experience significant growth in the coming years as more consumers and businesses seek out innovative and eco-friendly laundry solutions that can help them save time, space, and money.

Laundry Jet Market – Mergers and Acquisitions

The Laundry Jet market has seen a number of mergers and acquisitions in recent years as companies look to expand their market share and gain a competitive edge. Some notable mergers and acquisitions in the Laundry Jet market include:

LG Electronics acquisition of Sears Holdings: In 2018, LG Electronics acquired the Sears Holdings laundry business, which includes the Kenmore brand of washing machines and dryers. This acquisition allowed LG to expand its presence in the North American market and strengthen its position in the Laundry Jet market.

Xeros acquisition of AquaPhase: In 2020, Xeros Technologies, a UK-based company that specializes in sustainable laundry solutions, acquired AquaPhase, a US-based manufacturer of laundry systems. This acquisition helped Xeros expand its product line and gain a foothold in the North American market.

Alliance Laundry Systems acquisition of Speed Queen: In 2017, Alliance Laundry Systems, a global manufacturer of commercial laundry equipment, acquired Speed Queen, a leading manufacturer of commercial and residential laundry equipment. This acquisition allowed Alliance Laundry Systems to expand its product offerings and strengthen its position in the Laundry Jet market.

Whirlpool acquisition of Yummly: In 2017, Whirlpool, a leading manufacturer of home appliances, acquired Yummly, a recipe discovery and meal planning app. While this acquisition was not directly related to the Laundry Jet market, it demonstrates Whirlpool’s focus on innovation and technology, which could be applied to the development of Laundry Jet systems in the future.

Overall, mergers and acquisitions are expected to continue in the Laundry Jet market as companies look to expand their product offerings and gain a competitive advantage in this growing market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Laundry Jet Market – Significant Threats

While the Laundry Jet market has significant growth potential, there are also several threats that could impact the growth and development of the market. Some of the significant threats in the Laundry Jet market include:

High cost of installation: Laundry Jet systems require significant investment for installation, which can be a barrier for many consumers and businesses. The high installation costs can limit the adoption of the technology, particularly in markets where cost is a major factor in purchasing decisions.

Limited awareness and education: Laundry Jet systems are a relatively new technology, and many consumers and businesses may not be aware of their benefits and how they work. Limited awareness and education can be a significant barrier to adoption, as potential customers may not fully understand the value proposition of the Laundry Jet system.

Maintenance and repair costs: Like any complex system, Laundry Jet systems require regular maintenance and repairs, which can be costly. These costs can be a significant challenge for consumers and businesses, particularly in markets where maintenance and repair costs are a major concern.

Competition from traditional laundry systems: While the Laundry Jet system offers significant advantages over traditional laundry systems, such as reduced water and detergent usage, traditional laundry systems remain a significant competitor in the market. Traditional laundry systems are well-established and often more affordable than Laundry Jet systems, which can limit the adoption of the technology.

Overall, these threats are not insurmountable, and the Laundry Jet market continues to grow despite these challenges. However, companies in the Laundry Jet market will need to address these challenges to continue to drive adoption and growth in the market.

Report Scope

Category-Wise Insights

By Product Type

Air-based laundry jets: Air-based Laundry Jet systems use compressed air to transport laundry through a network of pipes from a laundry chute to a central location, such as a laundry room. These systems are designed to reduce the physical labor involved in transporting laundry and can be installed in both residential and commercial settings. Air-based Laundry Jet systems are often preferred in healthcare facilities and hotels, where large quantities of laundry need to be transported quickly and efficiently.

Water-based laundry jets: Water-based Laundry Jet systems use a combination of water and air to transport laundry through a network of pipes. These systems are designed to reduce water usage and eliminate the need for detergent. Water-based Laundry Jet systems are often preferred in residential settings, where reducing water and detergent usage is a major concern for consumers.

By Application

Residential: Laundry Jet systems can be installed in residential settings, such as single-family homes, apartment buildings, and condominiums. In residential settings, Laundry Jet systems are designed to reduce the physical labor involved in transporting laundry and provide a convenient, efficient way for homeowners to manage their laundry.

Commercial: Laundry Jet systems are also used in commercial settings, such as hotels, hospitals, and other healthcare facilities. In commercial settings, Laundry Jet systems are designed to improve efficiency and reduce labor costs associated with laundry management. They are also used to reduce water and detergent usage, which can help companies save on utility costs and reduce their environmental impact.

By Distribution Channel:

Online: Laundry Jet systems can be sold online through e-commerce websites or the company’s own website. Online sales channels provide convenience for customers who prefer to purchase products from the comfort of their own homes. Online channels also offer companies the opportunity to reach a wider customer base, regardless of their geographic location.

Offline: Laundry Jet systems can also be sold through offline channels, such as retail stores or authorized dealers. Offline sales channels provide customers with the opportunity to see and test the product before making a purchase. This can be particularly important for customers who are not familiar with Laundry Jet systems and want to learn more before making a purchase.

Laundry Jet Market – Regional Analysis

The Laundry Jet market can be analyzed based on regional markets, with different regions having unique market dynamics and consumer preferences. The regional analysis of the Laundry Jet market is as follows:

North America: The North American region is a significant market for Laundry Jet systems, driven by the demand for innovative laundry solutions in residential and commercial sectors. The market growth is also fueled by increasing awareness about energy-efficient and water-saving technologies. The US and Canada are major countries in this region contributing to the growth of the Laundry Jet market.

Europe: The European region is also a significant market for Laundry Jet systems, driven by the demand for eco-friendly and energy-efficient laundry solutions. Countries such as Germany, France, and the UK are major contributors to the growth of the Laundry Jet market in this region.

Asia Pacific: The Asia Pacific region is expected to have significant growth potential in the Laundry Jet market, driven by the increasing adoption of technologically advanced laundry solutions and rapid urbanization. Countries such as China, India, and Japan are major contributors to the growth of the Laundry Jet market in this region.

Middle East & Africa: The Middle East & Africa region is also expected to have significant growth potential in the Laundry Jet market, driven by increasing investments in infrastructure development and the hospitality sector. The UAE, Saudi Arabia, and South Africa are major contributors to the growth of the Laundry Jet market in this region.

The regional analysis of the Laundry Jet market helps companies understand the specific market dynamics and consumer preferences in each region, allowing them to tailor their products and marketing strategies to meet the unique needs of customers in each market.

Key Players in the Laundry Jet Market:

The laundry jet market has several key players that are contributing to its growth and development. Some of the prominent players in this market include:

LG Electronics Inc.: LG is a multinational electronics company that offers a range of home appliances, including laundry jet systems.

Haier Group Corporation: Haier is a leading manufacturer of household appliances, including laundry jet systems that are designed to provide efficient and convenient laundry services.

Xeros Technology Group: Xeros Technology is a UK-based company that provides innovative and eco-friendly laundry solutions, including laundry jet systems.

Diversey Inc.: Diversey is a global provider of cleaning and hygiene solutions for various industries, including laundry jet systems for commercial and industrial use.

Triton Laundry Equipment: Triton is a leading manufacturer and supplier of laundry equipment, including laundry jet systems that are designed for high performance and energy efficiency.

EcoTex Laundry Systems: EcoTex is a US-based company that provides eco-friendly laundry solutions, including laundry jet systems that use ozone technology for superior cleaning and disinfection.

Kannegiesser ETECH: Kannegiesser ETECH is a global provider of laundry solutions, including laundry jet systems that are designed to provide efficient and high-quality laundry services for the hospitality industry.

These are just a few of the key players in the laundry jet market. As the demand for efficient and eco-friendly laundry solutions continues to grow, more companies are expected to enter the market with innovative products and services.

The Laundry Jet Market is segmented as follows:

By Product Type

• Air-Based Laundry Jets
• Water-Based Laundry Jets

By Application

• Residential
• Commercial

By Distribution Channel

• Online
• Offline

By Region

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America