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#Automatic shirt folder factory drivers

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Ramsons Garment Finishing Equipments Pvt.

Shanghai Jinyi Washing Equipment Manufacturing Co.

Key players operating in the global laundry folding machine market include: In September 2017, Panasonic Corporation developed a washing machine that folds clean clothes. Rapid technological advancements have led to a threat of substitution in the laundry folding machine market. Hence, the market is consolidated and bargaining power of suppliers is high intensity of competition is also high among these players. Key Players Operating in the Global Laundry Folding Machine MarketĬurrently, few local, regional, and international players in the market manufacture laundry folding machines. Laundry Folding Machine Market- Competitive Landscape

Furthermore, growing demand for laundry folding machines from the fashion industry especially in Asia Pacific, is anticipated to drive the market in the region in the near future.

This can be attributed to increasing number of retail stores and hotels in India and China, which is anticipated to propel the laundry folding machine market across the region.

The laundry folding machine market in Asia Pacific is projected to expand at a rapid pace.

is the key market in North America due to high demand for laundry folding machines in the country.

North America dominated the global laundry folding machine market, accounting for significant share.

North America to Hold Major Share of the Laundry Folding Machine Market This is primarily due to growth in the fashion industry worldwide and rapid growth of the textile industry, which in turn is projected to boost the laundry folding machine market in the forthcoming years.Under the end-user segment, apparel manufacturers accumulated major share of the laundry folding machine market.Significant Growth Potential for the Apparel Manufacturers Segment

However, high cost of laundry folding machines is the major factor expected to hinder the growth of the market in the upcoming years.This in turn is anticipated to propel the market growth in the next few years. Laundry folding machines work around new developments in Artificial Intelligence (AI), Internet of Things (IoT), and robotics, thus enabling these machines to connect to the internet and perform complicated tasks autonomously.Automation in the textile industry plays an important role in enhancing the growth of the laundry folding machine market.Growing adoption of IIoT-enabled machinery in the textile industry and implementation of Industry 4.0 are also expected to spur the laundry folding machine market globally.The increasing use of laundry folding machines by apparel manufacturers, industrial launderers, hotels, hospitals etc., is anticipated to boost the laundry folding machine in the near future.Rise in disposable income of consumers and urbanization are the major factors anticipated to boost the market globally.

#Automatic shirt folder factory drivers

Key Drivers and Restraints of the Laundry Folding Machine Market