Dry-Cleaning & Laundry Services Market Set To Witness Significant Growth In The Coming Years | Grand View Research, Inc.

March 25 03:50 2021
Dry-Cleaning & Laundry Services Market Set To Witness Significant Growth In The Coming Years | Grand View Research, Inc.

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According to a recent report published by Grand View Research Inc., growing awareness for personal hygiene and grooming is likely to encourage the market growth. Lately, the spread of Covid-19 has disrupted the laundry delivery service as the trend of contact-less deliveries has gained traction in the service industry.

The global dry-cleaning & laundry services market size is expected to reach at USD 79.91 billion to expand at a CAGR of 3.4% in the forecast period. The growing adoption of dry-cleaning and laundry services available at customized prices is contributing to the market growth. Additionally, the rise in consumer spending on cleaning services is mostly anticipated in demand for professional laundry services. Owing to the shift in lifestyle and urbanization the market is expected to witness enormous demand for personal hygiene in the general population.

The dry-cleaning & laundry services market is highly driven by technological innovation. For instance, commercial launderers are likely to use polymer bead technology and use of high-tech industrial washers. Moreover, launderers with large capacity are more likely to adopt software driven management systems and state-of-the-art technology that reduce the laundry damage. Improvements in the industrial regulations and challenges in the commercial market the competition between commercial players is likely to get fierce. 

Dry-cleaning & Laundry Services Market Report Highlights

 Laundry services are projected to expand at the fastest CAGR of 3.8% during the forecast period owing to consumers’ inclination towards casual clothing, hence limiting the need for dry-cleaning services for formal business clothes and other specialty clothes.

The residential application segment is projected to register the highest CAGR of 3.7% over the forecast period due to increasing number of working households demanding dry-cleaning and laundry services at economical value.

Commercial application is expected to witness a significant demand in the coming years owing to the expansion of hospitality industry and continuous improvement in the professional services.

Dry cleaning services are likely to grow at a rapid pace attributing to the prominent use of business clothes such as suits and jackets. The demand for efficient laundry services also contributes to the enormous growth of the segment.

Asia Pacific is expected to emerge as the large growing market attributing to the constant spending on laundry by the millennial category and increase in the working class population.

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Dry-cleaning & Laundry Services Market Segmentation

Grand View Research has segmented the global dry-cleaning & laundry services market on the basis of services, application, and region:

Dry-cleaning & Laundry Services Outlook (Revenue, USD Million, 2016 – 2027)

     Laundry
     Dry Cleaning
     Duvet Clean

Dry-cleaning & Laundry Services Application Outlook (Revenue, USD Million, 2016 – 2027)

     Residential
     Commercial

Dry-cleaning & Laundry Services Regional Outlook (Revenue, USD Million, 2016 – 2027)

     North America
        • New York
        • U.S. (Excluding N.Y.)
     Europe
        • Germany
        • The U.K.
     Asia Pacific
        • China
        • India
    • Central and South America
        • Brazil
     Middle East & Africa
        • South Africa

List of Key Players of Dry-cleaning & Laundry Services Market

    • Alliance Laundry Systems
     The Huntington Company
     ZIPS Dry Cleaners
    • Alsco Pty Limited
     Rinse Inc

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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