Press release
Dry-Cleaning And Laundry Services Market Study on Strategic Insights and Business Strategies 2022
The dry-cleaning and laundry services market consists of the sales of dry-cleaning and laundry services and related goods by entities that operate coin-operated or similar self-service laundries and drycleaners; provide dry-cleaning and laundry services and/or supply, on a rental or contract basis, laundered items such as uniforms, gowns, and shop towels.
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Growth in the historic period resulted from strong economic growth in emerging markets, rapid urbanization, a rise in the number of single person households, and growth in the healthcare services sector. Factors that negatively affected growth in the historic period were growth in consumers' preference for at-home washing, the emergence of automatic all-in-one household washing machines, a rise in real estate rental prices, and low profit margins.
The top opportunities in the global dry-cleaning and laundry services market will arise in the linen and uniform supply segment, which will gain $37.4 billion of global annual sales by 2022. The dry-cleaning and laundry services market size will gain the most in China at $17.32 billion. Market-trend-based strategies for the dry-cleaning and laundry services market include investing in digital technologies such as mobile apps to offer on-demand laundry services, offering cashless self-service options such as contactless payments and digital wallets to ease cash management and attract customers, and installing smart laundromats to cut down labor costs, save time and improve operational efficiencies.
Dry-Cleaning And Laundry Services Market Segmentation: -
By Type Of Service - The dry-cleaning and laundry services market can be segmented by type of service
1. Coin-Operated Laundries And Drycleaners
a. Coin-Operated Laundry Routes
b. Coin-Operated Laundry And Dry-Cleaning Stores
2. Dry-Cleaning And Laundry Services (Except Coin-Operated)
a. Household And Commercial Laundries
b. Dry-Cleaning Plants
c. Garment Pressing And Agents For Laundries
d. All Other Laundry And Garment Services
3. Linen And Uniform Supply
a. Linen Supply
b. Industrial Launderers
By End-Use - The dry-cleaning and laundry services market are segmented at global level type of end-use into
1. Commercial dry-cleaning and laundry services
2. Residential dry-cleaning and laundry services
3. Coin-operated laundries and drycleaners
The commercial dry-cleaning and laundry services segment was the largest segment of the dry-cleaning and laundry services market in 2018 at 66.7% or $79.7 billion. The commercial dry-cleaning and laundry services segment is expected to be the fastest-growing segment going forward at a CAGR of 11.7%.
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By Distribution Channel - The dry-cleaning and laundry services market are segmented at global level type of distribution channel into
1. Offline
2. Online
The offline dry-cleaning and laundry services segment was the largest segment of the dry-cleaning and laundry services market in 2018 at 87.1% or $103.6 billion. The online dry-cleaning and laundry services segment is expected to be the fastest-growing segment going forward at a CAGR of 34.0%.
By Geography - The dry-cleaning and laundry services market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
Asia-Pacific was the largest market for dry-cleaning and laundry services, accounting for 34.9% of the global market in 2018. It was followed by North America, Western Europe and then the other regions. Going forward, Eastern Europe and the Middle East will be the fastest growing regions in the dry-cleaning and laundry services market.
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Some of the major key players involved in the dry-cleaning and laundry services market are Cintas Corp., Elis SA, Aramark, UniFirst Corp., Franz Haniel & Cie. GmbH, Downer EDI Limited, Johnson Service Group, CSC ServiceWorks Holdings Inc., Rentokil Initial plc, Spotless Group Holdings Limited, Alsco Pty Limited, DryClyn Express, Hi-tech Dry-cleaning, Brite Star Cleaners, Impressed Laundry.
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