/PRNewswire/ A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled.
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The global market for Commercial Laundry Machinery is projected to reach US$5.7 billion by 2025, driven by the robust growth and evolution of the lodging services and travel accommodation market.
Few of the factors driving growth of travel, tourism, lodging and hotel industry include rising volumes of international tourism and domestic vacations supported by rising incomes and falling airline fares; increased infrastructural developments; increased use of digital tools for flight and accommodation booking in a manner that makes the process cost-effective, easy and convenient. Government initiatives are turning Asian countries into hot tourist destinations.
Global Commercial Laundry Machinery Market Report 2021-2025: While Developed Regions Remain Dominant Consumers, Developing Regions Extend Robust Growth Opportunities yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.