How Global Dry-Cleaning And Laundry Services Market Players Should Strategize For 2022-2031
23 Feb, 2022
The global dry-cleaning and laundry services market size is expected to grow from $104.23 billion in 2021 to $111.93 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The dry-cleaning and laundry services market is expected to reach $141.50 billion in 2026 at a CAGR of 6.0%.
What is the Global Dry-Cleaning And Laundry Services Market?
The dry-cleaning and laundry services market consists of sales of dry-cleaning and laundry services and related goods by entities (organizations, sole traders and partnerships) that operate coin-operated or similar self-service laundries and drycleaners; provide dry-cleaning and laundry services (except coin-operated); and/or supply, on a rental or contract basis, laundered items such as uniforms, gowns, and shop towels. Establishments in the dry-cleaning and laundry services industry are mainly involved in washing and/or cleaning clothes and linen and include coin-operated laundries and drycleaners, dry-cleaning and laundry services, linen suppliers and industrial launderers.
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What drives the Global Dry-Cleaning And Laundry Services Market?
Gradual shift in customer spending towards tourism is expected to positively impact the hospitality sector in the forecast period driving the market for dry-cleaning and laundry services. In order to cater to increasing tourists' demands; hotels are coming up with new business models where the rooms are available for multiple bookings on a single day. This in turn is expected to increase the number of times a linen is changed in a hotel room on a daily basis, increasing the amount of linen to be washed after every change. This business model is expected to drive the demand for dry-cleaning and laundry services in the hospitality industry, where hotels prefer using a professional launderette to optimize operations time and keep quality services. Therefore, the growth of the hospitality industry is expected to drive the dry-cleaning and laundry services market.
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https://www.thebusinessresearchcompany.com/report/dry-cleaning-and-laundry-services-global-market-reportGlobal Dry-Cleaning And Laundry Services Market Segments
The global dry-cleaning and laundry services market is segmented:
By Type: Coin-Operated Laundries and Drycleaners, Dry-Cleaning and Laundry Services (except Coin-Operated), Linen and Uniform Supply
By End-Use: Commercial Dry-Cleaning and Laundry Services, Residential Dry-Cleaning and Laundry Services, Coin-Operated Laundries and Drycleaners
By Distribution Channel: Offline, Online
By Geography: 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, and Africa.
Dry-Cleaning And Laundry Services Global Market Report 2022provides market size and growth forecasts for the global dry-cleaning and laundry services market, global dry-cleaning and laundry services market share, dry-cleaning and laundry services market segments and geographies, dry-cleaning and laundry services market competitive landscape including leading competitors’ revenues, profiles and market shares. The dry-cleaning and laundry services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Dry-Cleaning And Laundry Services Industry Playersinclude Elis SA, Spotless Group Holdings Ltd, CSC Serviceworks Holdings Inc., Johnson Service Group, Downer EDI Limited, K Bro Linen Inc., Atlantic City Linen Supply LLC, Linen King LLC and Radiant Services Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.