HS Code:
The category 'Machines, each of a dry linen capacity exceeding 10 kg' (HS Code: 845020) includes industrial and large-capacity washing machines primarily used in commercial laundries, hospitals, hotels, and other institutions. These machines are designed to handle heavy loads of laundry, offering durability and efficiency for bulk washing needs. This category is a significant segment of the global machinery market, driven by demand in hospitality, healthcare, and industrial sectors.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.3% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Shift towards energy-efficient models
Increased demand for machines with lower water and energy consumption due to sustainability regulations and cost-saving needs.
2021-2022
Automation and IoT integration
Growing adoption of smart washing machines with remote monitoring and diagnostics, enhancing operational efficiency in commercial settings.
2022
Rising demand in emerging markets
Rapid urbanization and growth in hospitality and healthcare sectors in Asia and Africa are boosting market expansion.
2020-2022
The European Union introduced stricter energy efficiency regulations for industrial washing machines, mandating lower energy consumption thresholds.
March 2023
Manufacturers must innovate to comply, potentially increasing production costs but also opening opportunities for eco-friendly product differentiation.
A recent phase of trade negotiations reduced tariffs on industrial machinery, including large-capacity washing machines, between the US and China.
January 2023
This is expected to boost Chinese exports to the US, potentially increasing competition for domestic manufacturers.
Leading manufacturers unveiled IoT-enabled washing machines for industrial use at a global trade fair, focusing on predictive maintenance and efficiency.
September 2022
This development is likely to drive demand among tech-savvy commercial users, reshaping market dynamics.