Authored By: Sarah
03 Jul 2024

 Dry-cleaning and Laundry Services Market Size to grow by USD 20.44 billion between 2024-2028

According to a research report “ Dry-cleaning and Laundry Services Market” by Type (Laundry, Dry-cleaning, Duvet clean) End-user (Commercial, Residential, Coin-operated) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 20.44 billion, at a CAGR of  5.52% during the forecast period. The surge in international tourism has significantly boosted the demand for laundry services in the hospitality industry. With increasing occupancy rates in hotels and resorts, establishments are compelled to manage larger volumes of linens, towels, and other textiles. According to the World Tourism Organization, international tourist receipts reached an unprecedented USD1 trillion milestone in 2022, marking a 50% increase in real terms over 2021. As of March 2023, an estimated 235 million tourists traveled globally, nearly doubling the previous year's figure. The hospitality sector's unwavering commitment to maintaining stringent cleanliness and hygiene standards necessitates the continuous provision of professional laundry services. This trend underscores the market growth potential for laundry services within the burgeoning tourism industry.

Browse market data tables, figures, and in-depth TOC on “Dry-cleaning and Laundry Services Market” by Type (Laundry, Dry-cleaning, Duvet clean) End-user (Commercial, Residential, Coin-operated) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Type, the Laundry segment is projected to dominate the market size in 2024

In the business sector, key consumers of dry-cleaning and laundry services encompass various industries. These include healthcare establishments such as hospitals, clinics, and laboratories; hospitality businesses like hotels, resorts, and spas; leisure facilities such as salons and spas; transportation and logistics entities including airlines, airports, railways, and waterways; institutional and government bodies comprising schools, colleges, universities, research centers, and military institutions; and food service providers consisting of restaurants, pubs, and bars. Vendors of commercial laundry services provide comprehensive details on their websites regarding their offerings to encourage adoption of dry-cleaning and laundry services among commercial clients. For instance, services to hospitals and hotels encompass the washing and cleaning of housekeeping linen, patient linen, and staff uniforms, including curtains, bed linen, medical aprons and gowns, and other textiles.

By End-user, Commercial  segment is expected to hold the largest market size for the year 2024

The global dry-cleaning and laundry services market is currently led by the laundry segment in 2022. This segment's dominance can be attributed to the high demand for laundry services, which include wash-and-fold and ironing, among consumers. Vendors offering these services collect clothes from consumers' homes or workplaces, providing them with professionally washed and ironed garments. The trend towards casual clothing and increased washing frequency is driving the growth of the laundry services segment. Furthermore, heightened consumer awareness of personal hygiene is fueling the demand for regular clothing cleaning, thereby boosting market expansion throughout the forecast period.

APAC is forecasted to hold the largest market size by region in 2024

The dry-cleaning and laundry services market in the Asia Pacific (APAC) region is experiencing significant growth, driven primarily by the expanding middle class and rising incomes, leading to increased consumer spending on professional cleaning services. Urbanization and the emergence of dual-income households are additional factors fueling market expansion. The commercial sector, including hospitals, hotels, and restaurants, also contributes substantially to the market growth. Evolving fashion trends in the APAC region, particularly the preference for delicate or specialty fabrics, are expected to boost demand for specialized cleaning services. Furthermore, the adoption of advanced cleaning technologies, such as efficient and eco-friendly cleaning agents and processes, enhances the appeal of these services and sets them apart from traditional methods.

The Dry-cleaning and Laundry Services Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • American Dry Cleaning Co.
  • Angelica Textile Services
  • CSC ServiceWorks Inc.
  • Evans Express Laundry Center
  • EVI Industries Inc.
  • Great American cleaners
  • Inc and Co Group Ltd.
  • Jyothy Fabricare Services Ltd.
  • Lapels Cleaners
  • Laundry Town Inc.
  • Marberry Cleaners and Launderers Inc.
  • Mulberrys Franchising LLC
  • OXXO Care Cleaners
  • Quickclean Pvt. Ltd.
  • Rinse Inc.
  • Simply Laundry Inc.
  • The Procter and Gamble Co.
  • Washmen Laundry LLC
  • Yates Dry Cleaning
  • ByNext Inc.
.

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Research Analysis Overview

The Dry-cleaning and Laundry Services Market is experiencing a surge in demand due to exceptional services, specified time delivery, real-time tracking, digital payment options, app-based booking, and on-demand laundry services. Environment-conscious customers are increasingly seeking eco-friendly practices and energy efficiency from service providers. The commercial sector, including spas, beauty salons, healthcare sectors, industry workers, and hospitality, heavily rely on laundry facilities, making it a significant customer segment in the commercial services sector. The industry is adapting to heightened demand by implementing time-saving measures and convenience for busy consumers, particularly the younger generation with their busy lifestyles. Eco-friendly practices, environmentally-friendly products, and energy-efficient laundry services are becoming essential to reduce the environmental impact. Service providers are responding by investing in advanced technologies and sustainable practices to cater to this growing market. Overall, the Dry-cleaning and Laundry Services Market is poised for continued growth in the coming years.

Market Research Overview

The Dry-cleaning and Laundry Services Market is experiencing significant growth due to the flexibility and convenience it offers to consumers in today's fast-paced world. With the increasing use of highly efficient machines, consumers can now get their bedding, towels, uniforms, and other items cleaned quickly and to a higher standard. The commercial application segment, which includes business establishments such as restaurants, hospitals, hotels, and commercial laundry services, is a major contributor to the market's growth. The duvet-cleaning services segment is also gaining popularity, offering a convenient solution for individuals with packed schedules. Technical developments, such as smart meters and digital payments, have made transactions cashless and more convenient for customers. Urbanization and the rise of online laundry services, such as Rinse and Cleanly, have further fueled the market's growth. Environment-conscious customers are also driving demand for eco-friendly practices and energy-efficient laundry services. Commercial sector customers, including industries, hospitals, and hospitality, require specific equipment for their unique needs. The laundry services segment, which includes residential units and individual consumers, is also seeing heightened demand due to time-saving measures and the convenience of app-based booking and real-time tracking. The global industry is expected to continue growing, with the younger generation's busy lifestyles and rising demand for exceptional services creating an attractive business opportunity. Service providers are investing in cutting-edge technologies, such as energy-efficient laundry equipment and environmentally-friendly products, to meet the needs of their customers and reduce the industry's environmental impact. The Laundry Room, for instance, offers solar power and eco-friendly practices to appeal to environmentally-conscious consumers. Overall, the Dry-cleaning and Laundry Services Market is poised for continued growth and innovation.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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