Dry-cleaning and Laundry Services Market: Global Trends, Forecast, and Regional Insights 2024-2028

The Dry-cleaning and Laundry Services Market is projected to reach USD 20.44 billion by 2028, expanding at a CAGR of 5.52% from 2023 to 2028. This growth is largely driven by heightened consumer awareness and the increasing penetration of the internet, enabling seamless online booking of laundry services. 

The surge in smartphone usage has also made it easier for customers to tailor their laundry preferences, order online, and schedule home delivery. Additionally, there is a growing shift towards eco-friendly practices, with more companies adopting sustainable solutions like the Ecosafe Washer. The trend towards subscription-based services further enhances convenience, aligning with modern demands for environmental consciousness and ease of use.

For more detailed insights : Download the  Dry-cleaning and Laundry Services Market Sample PDF 

Expansion of Service Offerings

The laundry sector is diversifying its services, extending beyond standard clothing to include specific items like uniforms, designer apparel, and outerwear. This expansion is fueled by rising disposable incomes, increased hotel sector demand, and the prevalence of dual-income households. Despite these opportunities, market growth faces challenges such as economic downturns, which companies must navigate by leveraging market insights and adapting swiftly to changes.

Dominance of Laundry Services

The laundry segment is expected to show substantial growth, driven by customer preferences for services like wash-and-fold and ironing. Vendors typically pick up laundry from homes or workplaces and return them washed and ironed. The increasing demand for casual clothing and higher washing frequencies are set to boost this segment’s performance. In 2018, the laundry sector was valued at USD 30.16 billion, with vendors offering benefits like instant pickup, online payments, and loyalty rewards, further fueling demand.

APAC's Market Influence

APAC is forecasted to contribute 37% to the global market growth. Factors such as rising middle-class incomes, urbanization, and changing lifestyles, including the prevalence of dual-income households, are propelling this growth. The region’s demand from commercial sectors such as hospitals, hotels, and restaurants, combined with a trend towards eco-friendly practices, is enhancing market dynamics. Subscription models and digital platforms are making services more accessible, supporting regional growth during the forecast period.

Market Trends and Challenges

Shift Towards Digital Services

A major trend in the market is the transition to online laundry services, driven by the convenience of app-based booking and digital payments. This shift is also supported by increasing vendor offerings of comprehensive online services at competitive prices, enhancing customer accessibility and satisfaction.

Environmental Concerns

Despite these advancements, challenges remain, particularly regarding the use and disposal of chemicals in traditional dry-cleaning. The environmental impact of solvents like perchloroethylene (perc) poses significant concerns, influencing consumer preferences towards eco-friendly alternatives. Companies that fail to adopt sustainable practices may struggle to attract environmentally conscious customers.

Competitive Landscape

Key Market Players

Prominent companies in the dry-cleaning and laundry services sector include American Dry Cleaning Co, Angelica Textile Services, and OXXO Care Cleaners. These companies are expanding their services through strategic alliances, partnerships, and product innovations. The market also features firms like Rinse Inc. and Ecosafe Washer, offering specialized services such as duvet cleaning and fabric care, driving competition and consumer choice.

For more detailed insights : Download the  Dry-cleaning and Laundry Services Market Sample PDF 

Conclusion

The Global Dry-cleaning and Laundry Services Market is evolving rapidly, driven by technological advancements, changing consumer preferences, and a strong push towards sustainability. Companies must continue to innovate and adapt to maintain competitiveness and meet the growing demand for efficient, eco-friendly laundry solutions. As the market expands, opportunities abound for service providers who can align with consumer values and industry trends, offering unparalleled convenience and quality in garment care.

Contact us for tailored solution

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/


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