Latest News- Dry-Cleaning And Laundry Services Market: Laundry is expected to lead the Type segment during 2025-2029

The Dry-Cleaning And Laundry Services Market is being driven by Growing tourism and hospitality industry

The Dry-Cleaning And Laundry Services Market is expected to grow at a CAGR of 6.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 31.84 billion. In today's business landscape, there is a growing emphasis on eco-friendly practices in the dry-cleaning and laundry services industry. With rising consumer awareness, there is a shift towards more sustainable methods that help reduce water and energy consumption. On average, households consume over 13,000 gallons of water to wash approximately 300 loads of laundry. By adopting Energy Star-qualified washing machines, companies can save up to 5,000 gallons of water per year. Embracing green practices not only benefits the environment but also contributes to significant cost savings. As businesses strive for sustainability, the integration of environmentally-friendly methods in professional laundry services is becoming increasingly important. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Laundry
  • Dry-cleaning
  • Duvet clean
• End-user
  • Commercial
  • Residential
  • Coin-operated
• Deployment
  • Offline
  • Online
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing tourism and hospitality industry
• Introduction of smart-laundry technology
• Cost-effectiveness and convenience of laundry services

However, the market also witnesses some limitations, which are as follows:

• High capital investments
• Concerns associated with storage and logistics of dry-cleaning and laundry services
• Concerns associated with chemical use and disposal of chemicals

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Market Scope in Dry-Cleaning And Laundry Services Market Research Report

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Research Analysis Overview

The Dry-Cleaning and Laundry Services Market is experiencing a surge in demand due to the increasing need for garment care in today's busy lifestyles. Younger generations and time-strapped consumers seek convenience and time-saving measures, leading to a heightened demand for professional laundry services. Commercial sectors such as hospitality, industry workers, healthcare, beauty salons, and spas also rely on these services. Environmental impact is a growing concern, leading to the popularity of energy-efficient laundry services and environmentally-friendly products. Service providers are adopting eco-friendly practices to cater to environment-conscious customers. On-demand laundry services, app-based booking, digital payment options, real-time tracking, delivery, and specified time slots are becoming essential features in this market. Exceptional services ensure customer satisfaction and loyalty.

Market Research Overview

The Dry-Cleaning and Laundry Services market segment falls under the broader category of the specialized consumer services industry. This sector encompasses businesses that generate revenue through the provision of garment care services to individuals and businesses. With the rising demand from busy consumers, particularly the younger generation, the global industry is experiencing significant growth. Convenience and efficiency are key drivers, as more people lead increasingly hectic lifestyles and opt for professional laundry practices over home-based washing. Technavio's market analysis calculates the market size based on the revenues generated by specialized providers in this sector, including dry-cleaning and laundry services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/