Global Dry Cleaning and Laundry Services Market by Product Types, Distribution Channels, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global dry cleaning and laundry services market was valued at USD 119 billion in 2019 and is projected to reach over USD 180 billion by 2026, expanding at a CAGR of more than 11% during the forecast period, 2020–2026. The growth of the market is attributed to the rising penetration of internet coupled with smart devices worldwide.
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Laundry for the most part incorporates the utilization of soaps, detergents cleansers, and water to clean garments. Dry cleaning needs specialized skill and is supported when the materials to be cleaned are fragile and can’t withstand the crude of a hand or machine wash. Working individuals are progressively moving towards pay laundry organizations to deal with their dirty laundry. Clothing administrations and dry-cleaning offices is a thing moulded by advancements.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising urbanization has reduced the spare time of individuals which in turn is driving the growth of the market.
- Growing internet penetration and disposable income is a favourable factor driving the market growth.
- Increasing advancements in gadgets such as automatic household washing machines is acting as a restraint for the growth of the market.
- Rising real estate rental prices creates a low profit margin which in turn is a restraint in the market growth.
- The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.
Competitive Landscape:
Some of the other key players operating in the market include CSC Service Works, EnviroStar Inc., Alliance Laundry Systems LLC, The Huntington Company, Yates Dry Cleaning & Laundry Services, Lavatec Technologies Gmbh, ZIPS Dry Cleaners, Angelica, Cleanly, FlyCleaners. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.
- In February 2019, Tide, America’s most significant skilled on cleaning, is making this a reality for individuals in many urban communities around the nation this year with the dispatch of Tide Cleaners, an on-request clothing and cleaning administration implied at giving individuals the decision to give additional time on life and less time undertaking clothing.
- In October 2018, commercial clothing and dry-cleaning hardware provider EnviroStar Inc. (EVI) reports it has performed complete merger agreements to get considerably all the assets and certain liabilities of individual suppliers Worldwide Laundry Inc., situated in Miami, and Skyline Equipment Inc., situated in Houston, Texas, utilizing a mix of money and EVI stock.
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The Global Dry Cleaning and Laundry Services Market has been segmented on the basis of
Product Types
- Household & Commercial Laundries
- Dry-Cleaning Plants
- Garment Pressing Agents
- Others
Distribution Channels
- Offline
- Online
End-users
- Commercial
- Residential
- Coin-operated
Regions
- Asia Pacific
- China
- India
- Japan
- North America
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- France
- Middle East & Africa
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- dry cleaning and laundry services market Overview
- Global dry cleaning and laundry services market Analysis and Forecast by Type
- Global dry cleaning and laundry services market Analysis and Forecast by Application
- Global dry cleaning and laundry services market Analysis and Forecast by Sales Channel
- Global dry cleaning and laundry services market Analysis and Forecast by Region
- North America dry cleaning and laundry services market Analysis and Forecast
- Latin America dry cleaning and laundry services market Analysis and Forecast
- Europe dry cleaning and laundry services market Analysis and Forecast
- Asia Pacific dry cleaning and laundry services market Analysis and Forecast
- Middle East & Africa dry cleaning and laundry services market Analysis and Forecast
- Competition Landscape
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