Commercial Washing Machine Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS OD4896Revenue
$440.4m
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,088
Businesses
23
Wages
$XX.Xm
Commercial Washing Machine Manufacturing in the US industry analysis
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.
Trends and Insights
- Shrinking commercial markets have hurt industry performance. Demand from both laundromats and dry cleaners has significantly declined.
- 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.
- Areas with urban centers attract manufacturers. These areas are home to the main downstream market for washing machine manufacturers.
- Manufacturers compete with one another on the basis of price, brand recognition and reputation. Location, availability and compatibility with other appliances are also important points of internal competition.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 4.6 % over the past five years, to reach an estimated $440.4m in 2024.
Trends and Insights
Commercial markets are shrinking
- Laundromats are the second-largest market for the Commercial Washing Machine Manufacturing industry.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Urbanization increases industry demand
- The urban population in the US is anticipated to increase. This growing urban population will bolster demand for laundry and professional cleaning services, translating to more demand for commercial washing machines.
Biggest companies in the Commercial Washing Machine Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($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 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Top-load washing machines are favored by laundromats
- Top-load washers have doors on the top and have a general drum capacity of 3.2 to 3.3 cubic feet, which holds 15 pounds of laundry.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Major Household Appliance Manufacturing in the US
Complementors
- Laundromats in the US
- Dry Cleaners in the US
- Industrial Laundry & Linen Supply in the US
International industries
- Heating & Air-Conditioning Equipment Manufacturing in Canada
- Heating, Cooling and Ventilation Equipment Manufacturing in Australia
- Heating, Cooling and Ventilation Equipment Manufacturing in New Zealand
- Air-Conditioner Manufacturing in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Manufacturing of top load commercial washing machinesManufacturing of frontload commercial washing machinesManufacturing of washer-extractorsCompanies
Whirlpool CorpPellerin Milnor CorporationAlliance Laundry Holdings LlcPurchase this report to view all 3 major companies in this industry.
Related Terms
ENERGY STARTOP-LOAD WASHING MACHINESFRONTLOAD WASHING MACHINEDRUM CAPACITYIndustry Code
NAICS 33331 - Commercial Washing Machine Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Shrinking commercial markets have hurt industry performance. Demand from both laundromats and dry cleaners has significantly declined.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
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.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Areas with urban centers attract manufacturers. These areas are home to the main downstream market for washing machine manufacturers.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Manufacturers compete with one another on the basis of price, brand recognition and reputation. Location, availability and compatibility with other appliances are also import...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Whirlpool is the industry’s largest company. Whirlpool produces many prominent brand-name consumer-facing products like KitchenAid, Maytag and Whirlpool.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Whirlpool Corp's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Pellerin Milnor Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Alliance Laundry Holdings Llc's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Whirlpool Corp, and factors influencing its performance in the industry
- Description and key data for Pellerin Milnor Corporation, and factors influencing its performance in the industry
- Description and key data for Alliance Laundry Holdings Llc, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is heavily regulated by both state and federal governments. Manufacturers must ensure their products meet environmental safety and energy efficiency standards.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Input prices are the largest expense for the industry. Purchases include raw materials such as aluminum, steel sheets and other steel parts.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Commercial Washing Machine Manufacturing in the US industry in United States in 2024?
The market size of the Commercial Washing Machine Manufacturing in the US industry in United States is $440.4m in 2024.
How many businesses are there in the Commercial Washing Machine Manufacturing in the US industry 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.
Has the Commercial Washing Machine Manufacturing in the US industry in United States grown or declined over the past 5 years?
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.
What is the forecast growth of the Commercial Washing Machine Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Commercial Washing Machine Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Commercial Washing Machine Manufacturing in the US market in United States?
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
What does the Commercial Washing Machine Manufacturing in the US in United States include?
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.
Which companies have the highest market share in the Commercial Washing Machine Manufacturing in the US in United States?
The company holding the most market share in United States is Whirlpool Corp.
How competitive is the Commercial Washing Machine Manufacturing in the US industry in United States?
The level of competition is high and steady in the Commercial Washing Machine Manufacturing in the US industry in United States.
