Latest News- Laundry Facilities And Dry Cleaning Services Market in US: Laundry is expected to lead the Service segment during 2025-2029

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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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • Laundry
  • Dry-cleaning
  • Duvet clean
• Service Type
  • Self-service
  • On-demand
  • Full-service
• End-user
  • Residential
  • Commercial
  • Industrial
• Geography
  • US
  • North America
    • US

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

• Rising urbanization and increasingly busy lifestyles
• Expansion of commercial and institutional sectors
• Increasing number of rental housing and multi-family developments

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

• Rising operating and labor costs
• Shift in consumer preferences toward casual wear
• Competition from home laundry appliances

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Market Scope in Laundry Facilities And Dry Cleaning Services Market in US Research Report

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Research Analysis Overview

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.

Market Research Overview

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