Key Trends as a Decision Maker You Absolutely Need to Know about the “Dry-Cleaning and Laundry Services” Market
The global market for Dry-Cleaning and Laundry Services is projected to reach US$75.1 billion by 2025, driven by the continuous evolution of consumer behavior and lifestyle and the resulting lack of time for household chores and increased willingness to utilize commercial laundry eservices.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Dry-Cleaning and Laundry Services market. Report segmentation includes Service Type (Linen & Uniform Supply, Non Coin-Operated Services, Coin-Operated Services); Distribution Channel (Offline, Online).
7 June 5:22 A.M., California/Marketwire/ - According to the new market research report, the global market for Dry-Cleaning and Laundry Services is projected to reach US$75.1 billion by 2025, driven by the continuous evolution of consumer behavior and lifestyle and the resulting lack of time for household chores and increased willingness to utilize commercial laundry eservices. The global Dry-Cleaning and Laundry Services market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned
Over the years, the demand for cleaning and laundry services has recorded strong growth from residential, commercial and industrial sectors. The increase in single person households and rapid pace of urbanization, strong growth in sectors such as healthcare and hospitality have also contributed to the rise in demand for laundry services. In the coming years, the market is poised to benefit from the steady growth in hospitality sector, increasing opportunities for franchising, and technological advancements. The growing participation of women in workforce and cost effectiveness of laundry services are driving market growth. Companies are spinning the right business model with online dry cleaning and laundry services. As the on-demand economy becomes larger, online laundry services are opening the doors of opportunities for laundry businesses. Companies are stepping up their efforts to develop feature-rich laundry mobile apps. Integration of in-app features such as real-time tracking of laundryman; viewing service order status; and payment options through audio QR scanning are helping make these services more convenient to use. Further, the laundry services market will be favored by advent of smart laundry technologies, which have the ability to increase efficiency of laundry operations and reduce costs of laundry services for customers. Rising number of travelers in leisure, business, pilgrimage, education, and medical tourism verticals continues to expand the lodging services and travel accommodation market, thereby enhancing the use of commercial laundry services and machinery. This is expected to drive the frequency of linen change in hotel rooms on a daily basis which is expected to drive the demand for laundry and dry-cleaning services at hotels.
Key Competitors Covered in the Report
CSC ServiceWorks Inc.
CWS-boco International GmbH
EVI Industrie Inc.
Huntington Cleaners & Shirt Laundry
The Procter & Gamble Company
Yates Dry Cleaning
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 487. Among this pool, 97 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 19 unique participations, a total of 9 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.