Product ID: SQSG25S2010
Report ID: SQSG25S2010 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 62 | Figures: 75
Global Dry-Cleaning And Laundry Services Market size was valued at USD 106.58 billion in 2021 and is poised to grow from USD 110.63 billion in 2022 to USD 154.76 billion by 2030, growing at a CAGR of 3.8% in the forecast period (2023-2030).
Consumers are increasingly using dry-cleaning and laundry services because they provide convenience at a low cost, which is driving the dry-cleaning and laundry services market. Furthermore, increased consumer expenditure on such services is expected to boost market expansion during the forecast period. Everyone prefers to wear clean and neat clothes, but washing laundry regularly is a chore for the majority of customers. Because of their hectic lifestyles, many people are actively looking for dry-cleaning and laundry services to take care of their filthy garments.
Dry-cleaning and laundry services are gaining popularity as dependable and convenient services at a fair price since busy consumers are willing to pay for their laundry these days. During the projection period, these factors are projected to fuel demand for these services. Globally, the growing working population, together with rising spending on clothing and cleaning services, is likely to fuel demand for such services during the forecast period.
Laundry has seen a significant shift in the last few years, from washing clothing at home to using coin-operated washing machines to opt for on-demand services such as pick-up and drop-off. Consumers are valuing convenience and increasingly opting for dry-cleaning and laundry services to smoothen their everyday lives as a result of their hectic lifestyles.
US Dry-Cleaning And Laundry Services Market is poised to grow at a sustainable CAGR for the next forecast year.
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The global dry-cleaning and laundry services market is segmented based on type, end user, and region. Based on type, it is segmented into laundry, dry-cleaning, and duvet clean. Based on end user, it is segmented into: commercial and residential. Based on region, it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Dry-Cleaning And Laundry Services Market Analysis by Type
Due to consumers' increasing preference for casual clothing and increased frequency of cleaning, laundry services are anticipated to outperform other segments. Furthermore, people are being inspired to routinely wash their everyday clothes by growing consumer awareness of the importance of maintaining personal hygiene.
These elements are anticipated to increase demand for washing services throughout the course of the projection period. A rise in the number of professionals who frequently wear business attire, such as suits and jackets, which cannot be washed using conventional methods and must be dry cleaned with extreme care, is expected to result in a significant increase in the demand for dry cleaning services over the coming years. Additionally, other speciality items, including bridal dresses, are frequently dry cleaned, which is projected to fuel demand during the projection period.
Dry-Cleaning And Laundry Services Market Analysis by End User
Residential applications held a large dry-cleaning and laundry services market share in 2021 and are anticipated to continue to dominate for the duration of the projection. Globally expanding families with working members and rising clothes and cleaning costs are projected to fuel residential segment growth over the course of the forecast period. The rise in single-person families, the acceleration of urbanisation, and the expansion of industries like hospitality and healthcare have all fueled an increase in demand for laundry services.
The market for commercial application will see an increase in demand for dry cleaning and laundry services over the next years. The increasing growth of the hospitality sector, which is continuously looking for specialised services to clean clothing and bedding, is anticipated to be the main driver of the commercial segment during the projection period.
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In 2021, the Asia Pacific region has emerged as the major stakeholder and is anticipated to keep the top spot throughout the projection period. The presence of developing economies like India and China, a rising working-age population, and rising spending on dry-cleaning and laundry services are anticipated to enhance the market throughout the projection period. The main markets for laundry and dry cleaning services are developed regions. The demand for laundry services is increasing in developed regions as a result of the travel and tourism industry's ongoing expansion and the encouragement of modern lifestyles.
Europe is anticipated to grow considerably over the projection period. Rising disposable income and a growing labour force are factors contributing to the increase. Due to increased investment in hotel operations, the hospitality industry in Europe is growing quickly. The need for industrial laundry and dry cleaning services in Europe will almost probably rise as a result of this.
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Dry-Cleaning And Laundry Services Market Driver
Dry-Cleaning And Laundry Services Market Restraint
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The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our dry-cleaning and laundry services market reports, some of the leading quality dry-cleaning and laundry services providers are as follows: Aramark Corporation (US), Cintas Corp. (US), CSC ServiceWorks, Inc. (US), CWS-boco International GmbH (Germany), Elis SA (France), EVI Industries, Inc. (US), Huntington Cleaners & Shirt Laundry (US), Mulberrys LLC (UK), The Procter & Gamble Company (US), UniFirst Corporation (US), Yates Dry Cleaning (US), Zipjet Ltd. (UK).
Top Players in the Global Dry-Cleaning and Laundry Services Market
Dry-Cleaning And Laundry Services Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by end user, residential applications held a large market share in 2021 and are anticipated to continue to dominate for the duration of the projection. Region-wise, Asia Pacific dominated the global dry-cleaning and laundry services market.
|Market size value in 2021||USD 106.58 billion|
|Market size value in 2030||USD 110.63 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Dry-Cleaning And Laundry Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Dry-Cleaning And Laundry Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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