The Global Laundry Cabinets Market size is projected to grow at a CAGR of 3.5% during the forecast period, 2021-2028. The large growth is due to the increasing demand for eco-friendly and energy-efficient products globally. The plastic cabinet segment in the laundry cabinets market has a larger share in terms of revenue and this segment will continue its dominance during the forecasted period. The plastic cabinet segment will have higher demand as these are easy to maintain, durable, and require less maintenance cost than metal or wood cabinets which make it more popular among end-users. Asia Pacific region dominated the laundry cabinets market with largest revenue share followed by Europe and North America respectively while Latin America region had minimum revenue share in 2017.
Laundry Cabinets are storage spaces for laundry such as clothes, linen, and other household items. They also provide a convenient way to keep the dry-cleaning out of sight so that it doesn't take up space in your home or office! Laundry cabinets come in different shapes depending on their size but they all have shelves inside them which can be adjusted according to each person's needs.
On the basis of Type, the market is segmented into Wood Cabinet, Metal Cabinet, and Plastic Cabinet. Wood Cabinet accounted for a major market revenue share with close to 60% of total demand in 2017 followed by Metal and Plastic Cabinets respectively. In North America region, metal cabinets dominated the household sector whereas wood cabinet was most demanded commercial application over there.
Wood cabinet is the most common type of laundry cabinet and can be made from birch, aspen, pine, or fir. It has a natural look to it which may not appeal to everyone but they are inexpensive compared to other types of cabinets and fairly easy to maintain. Wood cabinets are readily available in both custom-made style and ready-to-assemble kits that just need some self-assembly at home.
Metal cabinets are the most expensive type to purchase. They can be made from metal, stainless steel, or other metals and have a sleek appearance that is both modern-looking and easy to maintain due to their material composition. These types of cabinets also offer more storage space than wood cabinets.
Plastic cabinets are the cheapest type to purchase. They can be made from a variety of materials like plastic, resin, and melamine and have either gloss or matte finishes on their surface which may not appeal to everyone but they are less expensive compared to other types of cabinet styles. Plastic cabinets also offer more storage space than wood cabinets.
On the basis of Application, the market is segmented into Household and Commercial. The use of Laundry cabinets in the Commercial segment has been increasing steadily in the past decade, particularly among large and medium enterprises. The laundry cabinets are used by households for doing laundry at their homes or to clean clothes that were not washed well earlier on.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. North America occupied the largest revenue share in 2017 accounting for about 38% followed by Europe with 31%. The Asia Pacific held maximum growth opportunities during the forecast period from 2021 to 2028 due to the growing population in this region coupled with expanding access and acceptance norms which are driving demand for laundry cabinets in developing economies such as India. The lucrative investment opportunity has been identified for potential investors who would want to establish a long-term presence over here or expand their business interests globally. In the North American region, household application accounted majority of market revenue while commercial application was most demanded in Europe.
Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the growing population coupled with expanding access and acceptance norms which are driving demand for laundry cabinets in developing economies such as India that have not yet adopted these trends on a large scale such as other regions mentioned above. The country-wise analysis highlights China occupying major revenue share markets globally accounting for more than 45% while Japan stood the second position locally commanding about 25%.
Up Market Research published a new report titled “Laundry Cabinets Market research report which is segmented by Types (Wood Cabinet, Metal Cabinet, Plastic Cabinet), By Applications (Household, Commercial), By Players/Companies Arrow, Micoe, HOROW, MELOWAV, MEJUE, Vatti, Arcom, Arblu, Birex, Cerasa, Gruppo Geromin, Legnobagno”.
|Report Attributes||Report Details|
|Report Title||Laundry Cabinets Market Research Report|
|By Type||Wood Cabinet, Metal Cabinet, Plastic Cabinet|
|By Application||Household, Commercial|
|By Companies||Arrow, Micoe, HOROW, MELOWAV, MEJUE, Vatti, Arcom, Arblu, Birex, Cerasa, Gruppo Geromin, Legnobagno|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||201|
|Number of Tables & Figures||141|
|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 Wood Cabinet, Metal Cabinet, Plastic Cabinet and By Application Household, Commercial.
Some of the companies that are profiled in this report are:
Laundry Cabinets 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.
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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 Cabinets 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.
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