By 2022, the global dry-cleaning and laundry services market size reached US$ 69.3 billion, with revenue expected to reach US$ 74.8 billion in 2023. Sales are projected to soar at a 7.0% CAGR between 2023 and 2033, with demand anticipated to transcend to US$ 147 billion by 2033.
The surge in demand for dry-cleaning and laundry services worldwide is primarily propelled by the expanding hospitality and tourism sectors. Hotels, restaurants, and resorts rely heavily on a substantial quantity of linens, towels, and uniforms to cater to their guests. Consequently, there is a continual need for laundry services to guarantee a reliable provision of clean and properly maintained textiles.
Regular and thorough cleaning of linens and uniforms is crucial for maintaining a safe environment, further boosting demand for laundry services. Tourism growth in a region directly correlates with the demand for laundry services. Destinations experiencing an uptick in tourism will likely see an increased need for laundry services to support the industry.
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The competitive nature of the hospitality sector drives innovation and high service standards. Dry cleaners may need to invest in advanced equipment and technology to meet the evolving needs of their hospitality clients.
The rising e-commerce and delivery services drive the market during the forecast period. E-commerce and delivery services often require employees to wear uniforms or company-branded clothing. This can lead to a high volume of work wear that needs regular cleaning, boosting demand for laundry services.
E-commerce companies might enter into partnerships or offer promotions with local laundry services to provide added value to their customers, further driving demand for these services. E-commerce often experiences seasonal peaks, such as during holiday seasons. This can result in surges in demand for laundry and dry-cleaning services to prepare for increased shipping and fulfillment operations.
Clean Drivers of Growth:
- Urbanization and Busier Lifestyles: Rising urbanization leads to smaller living spaces and less time for household chores, driving demand for laundry services.
- Increased Disposable Income: Growing disposable income allows consumers to spend more on convenience services like laundry and dry cleaning.
- Sustainability Focus: Eco-friendly cleaning solutions and water-saving technologies are attracting environmentally conscious consumers.
- On-Demand Services Boom: Mobile apps and subscription models are making laundry services more accessible and convenient than ever.
- Specialized Care: Consumers are increasingly seeking specialized services for delicate items like wedding dresses or sports gear.
Investing in a Brighter Future:
- Emerging Markets: Asia Pacific and Latin America are expected to see the fastest growth, presenting exciting opportunities for laundry businesses.
- Technological Advancements: Automated sorting, eco-friendly cleaning processes, and AI-powered stain removal are revolutionizing the industry.
- Personalized Services: Laundry services are becoming more customized, offering options like same-day delivery and fabric-specific care.
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“Growth of tourism and hospitality industry is likely to drive demand for dry-cleaning and laundry service market. Key manufacturers are working on providing laundry services with eco-friendly washes. Sustainability is a key concern affecting this market, and this trend is likely to influence consumer behaviour through 2033.” – Opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).
Competitive Landscape:
Key companies are embracing eco-friendly practices, such as using eco-friendly detergents, recycling water, and reducing energy consumption to appeal to eco-conscious consumers. To increase customer retention, they also offer a broad range of services beyond traditional dry cleaning and laundry, such as tailoring, shoe repair, and garment alterations.
Key Companies in the Dry-cleaning and Laundry Services Market
- ZIPS Dry Cleaners: ZIPS provides dry cleaning services for various clothing items, including suits, dresses, and shirts. ZIPS is known for its turnaround time, often offering same-day dry cleaning services for items dropped off early.
- Alsco Pty Limited, the company offers a variety of linen and towel rental services for hotels, restaurants, and other businesses in the hospitality industry. The company offers rental and laundering services for mats, including entrance mats, anti-fatigue mats, and logo mats.
- Alliance Laundry Systems LLC
- The Huntington Company
- ZIPS Dry Cleaners
- Alsco Pty Limited
- Rinse, Inc.
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Dry-cleaning and Laundry Services Market Outlook by Category
By Services:
- Laundry
- Dry Cleaning
- Duvet Cleaning
By Application:
- Residential
- Commercial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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