Global Dry-Cleaning And Laundry Services Market Size 2024, Forecast To 2033
11 Mar, 2024
The dry cleaning & laundry services market has experienced steady growth, ascending from $118.21 billion in 2023 to $123.3 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid urbanization, an increase in the number of single-person households, and growth in the healthcare services sector. Projecting sustained growth, the market is expected to reach $144.48 billion in 2028, with a CAGR of 4.0%. The growth in the forecast period is driven by factors such as expansion in the hospitality sector, increasing internet penetration, rising franchising opportunities, faster economic growth, busy lifestyles of individuals, and technological advances in the laundry industry. Noteworthy trends in the forecast period include investments in digital technologies such as mobile apps for on-demand laundry services, the offering of cashless self-service options like contactless payments and digital wallets, and the installation of smart laundromats to cut down on labor costs, save time, and improve operational efficiencies.
Global Dry-Cleaning And Laundry Services Market Key Driver
The hospitality sector is poised for positive growth as consumer spending gradually shifts towards tourism, influencing the market for dry-cleaning and laundry services. The evolving dynamics of hotel business models, allowing multiple bookings for a single room in a day, are projected to increase linen changes and, subsequently, the demand for laundry services. To optimize operational efficiency and maintain service quality, hotels are increasingly relying on professional launderettes. This trend is set to drive the demand for dry-cleaning and laundry services in the hospitality industry. The overall expansion of the hospitality sector, fueled by changing consumer spending patterns, is expected to contribute to the growth of the dry-cleaning and laundry services market in 2023, 2024, and 2028.
Get A Free Sample Of The Global Dry-Cleaning And Laundry Services Market ReportGlobal Dry-Cleaning And Laundry Services Market Segments
The dry cleaning and laundry services market covered in this report is segmented –
1) By Type: Coin-Operated Laundries And Drycleaners, Dry-Cleaning And Laundry Services (except Coin-Operated), Linen And Uniform Supply
2) By Distribution Channel: Offline, Online
3) By End-User: Commericial Dry-Cleaning And Laundry Services, Residential Dry-Cleaning And Laundry Services, Coin-Operated Laundries And Drycleaners
Sub segments: Coin-Operated Laundry Routes, Coin-Operated Laundries And Dry-Cleaning Stores, Household and Commercial Laundries, Dry-Cleaning Plants, Garment Pressing And Agents For Laundries, All Other Laundry And Garment Services, Linen Supply, Industrial Launderers,
By Geography:The regions covered in the dry cleaning and laundry services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
North America was the largest region in the dry-cleaning and laundry services market in 2023. Asia-Pacific was the second largest region in the dry-cleaning and laundry services market. The regions covered in the dry cleaning and laundry services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Dry-Cleaning And Laundry Services Industry Players
Cintas Corp., Elis SA, Aramark, UniFirst Corp., Franz Haniel & Cie. GmbH, Downer EDI Limited, Johnson Service Group, CSC ServiceWorks Holdings Inc., Rentokil Initial plc, Spotless Group Holdings Limited, White Tiger, Fabricspa, the Swiss Laundry, the Laundry House, UClean, Easy Life Laundry, Fornet, Elephat King Laundry, Alsco Pty Limited, Karl Chehade Dry-Cleaning, the Mat on Carrington, Edaixi, WonderWash, Pacific Dry Cleaners, Laundry Day, DryClyn Express, Easy Wash Laundromat, LaundryMart Fetch, Hi-tech Dry-cleaning, Jeeves, New China Laundry, Sunshine Laundry, Wah Mei Dry-Cleaning & Laundry Company, Vogue Laundry Service Ltd., Impressed Laundry, Boni, Washie and Tai Pan Laundry, Easy Life Laundry, Big Mama, Tokyu Linen Supply Co.Ltd., Comet Cleaners, White Knight Laundry Services, Laundrapp, Pressto Laundry & Dry Cleaners, CLEAN, Solo Laundry Services Ltd, ihateironing, Laundry Master, Laundryheap, West Country Laundry Ltd., Imperial Laundry, The Diana company, Bel & Blanc, Laundry Drnovec, Arbela, Nordic Care, 5àsec, Pralnia Samoobslugowa Blanc Lys, WashPro Poland, Washescu, Immaculate, MWD Group, Hollywood S.A, Dryclean USA, Martinizing Dry-Cleaning, OXXO Care Cleaners, Lapels, Tide Dry Cleaners, ZIPS Dry Cleaners, The Eco Laundry Company, Cadet Cleaners, North Park Cleaners, Golden Hanger Cleaners, Brite Star Cleaners, One Hour Cleaners, 5àsec, Mr Jeff, Quick-Press, Al Rafidain Laundry, Force Laundry, Lavanderia, Champion Cleaners, Washmen, Connoisseur Dry Cleaners, Pressed In Time, Bendor Laundrette, Harringtons Dry Cleaners And Launderers, Crisp & Clean, Eco Dry Cleaners, JustLaundry, Kisafi
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Dry-Cleaning And Laundry Services Market Overview
Dry cleaning services refer to those agencies that provide clothes cleaning with an organic solvent without using water during the inspection, spotting, and finishing process. Laundry services refer to those companies that provide clothes-washing, drying, starching, and ironing services to their clients.
Dry-Cleaning And Laundry Services Global Market Report 2023 provides data on the global dry-cleaning and laundry services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dry-cleaning and laundry services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.