Dry-Cleaning and Laundry Services Market to Grow with a CAGR of 7.10% Globally through 2029
The global
dry-cleaning and laundry services market is growing rapidly, driven by growing
demand for on-demand services and rising hospitality and tourism industry are
key market trends.
According
to TechSci Research report, “Dry-Cleaning and Laundry Services Market
- Global Industry Size, Share, Trends, Competition Forecast & Opportunities,
2029”, the global dry-cleaning and laundry services market stood at USD
71.14 billion in 2023 and is anticipated to grow with a CAGR 7.10% in the
forecast period, 2025-2029. The global dry-cleaning and laundry services market
is a dynamic sector experiencing growth propelled by changing consumer lifestyles,
technological advancements, and environmental awareness. Urbanization and
rising disposable incomes drive demand, while digital transformation and online
platforms enhance customer experiences. The industry embraces sustainability
with eco-friendly practices and faces challenges such as stringent regulations
and labor shortages. Specialized services and on-demand options cater to
evolving consumer preferences, while the COVID-19 pandemic has accelerated
contactless solutions. Overall, the market reflects a blend of innovation,
convenience, and sustainability, shaping the future trajectory of professional
garment care worldwide.
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on "Global Dry-Cleaning and Laundry Services Market”
Sustainability
has emerged as a key theme, shaping the industry's trajectory. Heightened
environmental consciousness among consumers is driving a move away from
traditional dry-cleaning solvents, such as perchloroethylene, towards
eco-friendly alternatives. Businesses are embracing green cleaning
technologies, eco-friendly packaging, and energy-efficient machinery to reduce
their ecological footprint. This commitment to sustainability not only aligns
with societal expectations but also serves as a competitive advantage for
businesses aiming to capture the growing market of environmentally conscious
consumers.
The COVID-19
pandemic has added a layer of complexity to the landscape, intensifying the
focus on hygiene and safety. Contactless and touchless solutions have become
paramount, with businesses implementing strategies to minimize physical
interactions. From contactless pickups and deliveries to touchless payment
systems, the industry has swiftly adapted to meet evolving health and safety
expectations. This emphasis on hygiene is expected to persist, influencing
long-term industry practices and further integrating technology into the
customer journey.
In the realm of
competition and pricing, the market is characterized by both opportunities and
challenges. Intense competition, fueled by the presence of local and
international players, has led to pricing pressures as businesses strive to
attract and retain customers. To navigate this challenge successfully,
businesses are increasingly focusing on differentiation. Offering specialized
cleaning services has emerged as a trend, allowing businesses to cater to
unique customer needs, such as luxury garments, delicate fabrics, or household
textiles. This specialization not only sets businesses apart but also opens up
new revenue streams in niche markets.
However, the
industry is not without its challenges. Environmental regulations pose a
significant hurdle, with governments globally implementing stricter standards
for the use of chemicals in the dry-cleaning process. Adapting to these
regulations requires considerable investment in alternative, eco-friendly
cleaning methods and solvents, presenting a financial and operational challenge
for businesses. Labor shortages, particularly in skilled roles, add another
layer of complexity. The demand for skilled dry-cleaning professionals is
growing, but attracting and retaining qualified employees poses a significant
challenge.
Consumer trust
is paramount in the dry-cleaning and laundry services market. Issues related to
lost or damaged items, inconsistent cleaning quality, or delays in service can
erode trust and impact a business's reputation. Building and maintaining
consumer trust involves a commitment to transparency, effective communication,
and a focus on customer satisfaction. Moreover, changing consumer preferences
add an element of unpredictability. The industry must stay attuned to evolving
customer expectations, whether related to sustainability, technological
integration, or specialized services.
The global dry-cleaning
and laundry Services market is segmented into service type, end user, business
type, regional distribution, and company.
Based on end
user, the market is segmented into commercial, and residential.
The commercial
segment is experiencing notable growth in the global dry-cleaning and laundry
services market. With an increasing number of businesses outsourcing their
laundry needs, commercial entities are becoming a significant consumer base for
professional laundry services. This trend is driven by the desire for
cost-effectiveness, time efficiency, and the assurance of high-quality
cleaning. Commercial establishments, including hotels, restaurants, and
healthcare facilities, are recognizing the benefits of entrusting their laundry
requirements to specialized service providers, contributing to the expanding
market share of the commercial segment in the dynamic and evolving landscape of
professional garment care.
Major companies
operating in global dry-cleaning and laundry services market are:
- Alliance Laundry Systems LLC
- The Huntington Company
- ZIPS Cleaners
- Alsco Pty Limited
- Rinse, Inc.
- Marberry Cleaners & Launderers, Inc.
- The Procter & Gamble Company (Tide Dry Cleaners)
- Siderblue Limited (BONI)
- East Rand Cleaners
- AL Rafidain Laundry
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“The
global dry-cleaning and laundry services market is undergoing a transformative
shift, fueled by changing consumer lifestyles, technological advancements, and
a heightened emphasis on sustainability. Urbanization, rising disposable
incomes, and the convenience of digital platforms are driving increased demand.
The industry is evolving with a strong focus on eco-friendly practices,
leveraging technology for operational efficiency, and adapting to the
challenges posed by environmental regulations and labor shortages. Specialized
services, on-demand options, and a post-pandemic emphasis on hygiene further
characterize this dynamic market, where businesses are navigating competition,
pricing pressures, and evolving consumer expectations for a more sustainable
and technologically integrated future.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Dry-Cleaning and Laundry
Services Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Service Type (Dry Cleaning, Duvet Cleaning, Laundry,
Others), By End User (Commercial, Residential), By Business Type (Online,
Offline), By Region, By Competition, 2019-2029”, has evaluated
the future growth potential of global dry-cleaning and laundry services market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global dry-cleaning and laundry services market.
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