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The Global Dry-Cleaning and Laundry Services Market size is estimated to grow at a CAGR of 5.3% between 2022 and 2027. The size of the market is forecast to increase by USD 18,646.9 million. The growth of the market depends on several factors, the increasing participation of women in the labor force, the adoption of smart laundry technology, and the cost-effectiveness and other benefits of laundry services. The rising number of women joining the workforce is a key driver of the global demand for laundry and dry-cleaning services. In the past five years, the participation rate of women in the workforce has increased due to changing societal attitudes and government initiatives, especially in emerging economies. With women having less time for household chores, such as laundry cleaning, the demand for outsourced laundry services has risen in households.
This laundry and dry cleaning services market research report extensively covers market segmentation by end-user (commercial, residential, and coin-operated), type (laundry, dry-cleaning, and duvet clean), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing participation of women in the labor force is notably driving the dry-cleaning and laundry services market growth, although factors such as high capital investments may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global dry-cleaning and laundry services market growth is being driven by the introduction of smart laundry, which is a crucial factor. The laundry experience has become seamless with the advent of the Internet of Things (IoT), which is taking over the market. IoT refers to a system of interconnected computing devices and machines that allow people to transmit and receive data across a network without human contact. It is estimated that the number of IoT-connected devices will grow by approximately 60 billion by 2025. IoT is helping customers to have an easy, affordable, and efficient experience by optimizing productivity through the use of information. This factor is expected to contribute to the growth of the global dry-cleaning and laundry services market during the forecast period.
Furthermore, cost-effectiveness is another key factor driving the growth of smart laundry. A wide range of services is easily available to customers, including quick services, instant pickup, online payment, and consumer loyalty rewards, all of which are attractive offers. These factors are contributing to the growth of the laundry and dry cleaning services market.
The global dry-cleaning and laundry services market growth will be driven by the adoption of sustainable practices. Customers are becoming increasingly aware of the eco-friendly practices offered by dry-cleaning and laundry services, leading to a shift towards more sustainable practices. These practices include measures that help reduce water and/or energy consumption, referred to as green practices. On average, households consume over 13,000 gallons of water to wash about 300 loads of laundry. Opting for Energy Star-certified washing machines can save more than 5,000 gallons of water. By choosing laundry and dry cleaning services, customers can reduce water wastage. Vendors, such as Huntington Cleaners, have already adopted the concept of green cleaning to maintain environmental standards, which not only helps maintain sustainability but also increases revenue in the global laundry and dry cleaning services market during the forecast period.
The global dry-cleaning and laundry services market growth is hindered by the significant challenge of high capital investments. Commercial laundry businesses require large capital investments to set up due to the installation of expensive commercial washing machines, among other costs. Moreover, utility service costs, such as electricity and water, can fluctuate, affecting the overall cost of running the business. The maintenance costs of machines also add to the expenses incurred by commercial laundry venture owners.
The cost of starting a new laundry business ranges from USD 230,000 to USD 1,000,000, depending on factors such as location, machine type, and operation size. Additionally, businesses must invest in chemicals like detergents, spot and stain removers, and bleaching agents to sanitize fabrics. Consequently, high capital investments are expected to limit the number of customers who prefer premium dry-cleaning and laundry services provided by vendors in the global market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the laundry and dry cleaning services market.
American Dry Cleaning Company - The company offers laundry services provided by the company includes washing and pressing of tablecloths, duvets, blankets, pillows, towels, and small items such as underwear, vests, pyjamas, and bed linen. These items are carefully packaged for delivery. In addition to this, the company offers dry-cleaning services for soft toys, shirts, shoes, and other items. The company even has corporate tie-ups.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The laundry and dry cleaning services market share growth by the commercial segment will be significant during the forecast period. The primary sectors utilizing commercial dry-cleaning and laundry services are healthcare (including hospitals, clinics, and other healthcare establishments), hospitality (hotels, resorts, and other hospitality establishments), leisure (salons and spas), transportation and logistics (airlines and airports), railways, and waterways (cruise liners and other vessels), institutional and government bodies (schools, colleges, universities, laboratories, research centers, army, navy, and air force), and food service establishments (restaurants, pubs, and bars).
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The commercial segment showed a gradual increase in the market share of USD 27,641.75 million in 2017 and continued to grow by 2021. Specializing in commercial users, many vendors in the global dry-cleaning and laundry services market focus on the hospitality industry to attract a loyal clientele and consistently offer high-quality services. Vendors provide comprehensive details about their commercial laundry services for hotels, restaurants, spas, and hospitals on their websites to encourage the adoption of dry-cleaning and laundry services among commercial end-users. For example, vendors offer services such as washing and cleaning of housekeeping linen, patient linen, staff linen, curtains, bed linen, doctors' and medical staff aprons and gowns, and more for hospitals and hotels. Therefore, vendors' sector-specific dry-cleaning and laundry services are expected to drive the growth of the commercial end-user segment in the global dry-cleaning and laundry services market during the forecast period.
The global laundry and dry cleaning services market industry observes significant demand for residential services, particularly from working-class individuals, for both offline and online laundry solutions. The market growth is anticipated to be positively impacted by the expanding number of vendors providing online dry-cleaning and laundry services during the forecast period. With the surge in disposable income and internet penetration, more people are inclined towards online laundry services. Moreover, the convenience offered by prominent vendors, including free pick-up and drop-off services, careful handling of clothes, and flexible scheduling, is also a major factor in the rising adoption of online laundry services by consumers.
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APAC is projected to contribute 36% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the laundry and dry cleaning services market during the forecast period.
The growth of the market in APAC is mainly attributed to the rising middle-class population and the increasing disposable incomes of people, leading to increased spending on dry-cleaning and laundry services. Urbanization and changes in lifestyle due to the rise in the number of dual-income households are the other factors driving the market in the region. Furthermore, increased demand from the commercial sector, including hospitals, hotels, and restaurants, contributes to market growth during the forecast period.
The laundry and dry cleaning services market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.
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Dry-cleaning and Laundry Services Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
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Market growth 2023-2027 |
USD 1,8646.9 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.88 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 36% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Dry Cleaning Co., Angelica Textile Services, ByNext Inc., CSC ServiceWorks Inc., Evans Express Laundry Center, EVI Industries Inc., Great American Cleaners, Inc and Co Group Ltd., Jyothy Labs 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, and Yates Dry Cleaning |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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