Market Research Report
Laundry Folding Robots
|Published by||Global Industry Analysts, Inc.||Product code||997494|
|Published||Content info||112 Pages
Delivery time: 1-2 business days
|Laundry Folding Robots|
|Published: April 1, 2021||Content info: 112 Pages||
Global Laundry Folding Robots Market to Reach $27.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Laundry Folding Robots estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$27.3 Billion by 2027, growing at aCAGR of 39.2% over the period 2020-2027. Residential Sector, one of the segments analyzed in the report, is projected to record 40% CAGR and reach US$18.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Sector segment is readjusted to a revised 37.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $816.8 Million, While China is Forecast to Grow at 37% CAGR
The Laundry Folding Robots market in the U.S. is estimated at US$816.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.4 Billion by the year 2027 trailing a CAGR of 37% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.7% and 33.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.6% CAGR.
Select Competitors (Total 46 Featured) -