The Laundry Facilities And Dry Cleaning Services Market in US is being driven by Rising urbanization and increasingly busy lifestyles
The Laundry Facilities And Dry Cleaning Services Market in US is expected to grow at a CAGR of 5.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5219.8 million. In the US laundry facilities and dry cleaning services market, companies are adopting inorganic growth strategies, including mergers, acquisitions, and strategic collaborations, to expand market presence and enhance offerings. Notably, Presso and WASH Multifamily Laundry Systems recently announced a strategic partnership. On October 31, 2024, Presso introduced its innovative 5-minute Press and Refresh machines at select WASH Laundry Route Services locations. This collaboration integrates Presso's eco-friendly garment care technology, utilizing pressurized steam and all-natural revitalization sprays, into WASH's extensive network. By modernizing traditional laundry facilities with on-demand garment pressing and odor removal, the partnership aims to provide cost-effective and convenient alternatives for residents while generating new revenue opportunities for property managers.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.9% |
Market growth 2025-2029 |
USD 5219.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.3 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The US market for Laundry Facilities and Dry Cleaning Services is witnessing significant advancements, with innovations in laundry equipment, dry cleaning equipment, and technology playing a pivotal role. Smart laundry solutions, IoT integration, data analytics, and predictive maintenance are transforming the industry. Subscription services, valet laundry, and luxury offerings cater to diverse customer needs. Customer experience, speed of service, delivery times, and price competitiveness are key drivers of satisfaction and brand loyalty. Market penetration and industry consolidation continue, fueled by technological advancements and digital transformation. Sustainable practices, lifestyle trends, and fashion trends influence demand, while seasonal variations, demographic shifts, disposable income, e-commerce growth, mobile technology, social media influence, and online reviews shape the competitive landscape. Business model innovation and operational efficiency are essential for maintaining a competitive value proposition.
The Laundry Facilities and Dry Cleaning Services market in the US is a significant segment of the broader Global Specialized Consumer Services industry. This market encompasses commercial laundries, industrial laundries, on-premise laundry, self-service laundries, and coin-operated laundries. According to Technavio's market research, the Global Specialized Consumer Services Market generates revenue from various service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. The Laundry Facilities and Dry Cleaning Services sector falls under the residential services category. The market size is calculated based on the revenue generated by these providers. This report excludes consumer services classified under casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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