Dry-Cleaning And Laundry Services Market 2020 – Industry Developments, Outlook, Current Trends By 2022

Dry-Cleaning And Laundry Services Market - By Service Type, By End-Use, By Distribution Channel (Offline, Online), And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global dry-cleaning and laundry services market size reached a value of nearly $118.9 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.7% since 2014, and is expected to grow at a CAGR of 10.9% to nearly $180.0 billion by 2022.

The Key drivers of the dry-cleaning and laundry services market include:-
Growth In The Healthcare Services Sector: The growth of the healthcare services industry during 2014-2018 drove the market for dry-cleaning and laundry services. For example, during 2014-2017, the number of hospital beds in Ireland, China, Australia and South Korea grew at a CAGR of 5.8%, 4.37%, 4.15% and 4.00% respectively.

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Dry-Cleaning And Laundry Services Market Segmentation:-
By Type Of Service
1. Coin-Operated Laundries And Drycleaners
2. Dry-Cleaning And Laundry Services (Except Coin-Operated)
3. Linen And Uniform Supply

The linen and uniform supply segment was the largest segment of the dry-cleaning and laundry services market in 2018 at 54.2% or $64.5 billion. The linen and uniform supply segment is expected to be the fastest-growing segment going forward at a CAGR of 12.1%. The industrial launderers segment was the largest segment of the linen and uniform supply market in 2018 at 54.9% or $35.4 billion. The linen supply segment is expected to be the fastest-growing segment going forward at a CAGR of 13.3%. The coin-operated laundries and dry-cleaning stores segment was the largest segment of the coin-operated laundries and drycleaners market in 2018 at 53.2% or $9.4 billion. The coin-operated laundry routes segment is expected to be the fastest-growing segment going forward at a CAGR of 11.4%. The dry-cleaning plants segment was the largest segment of the dry-cleaning and laundry services (except coin-operated) market in 2018 at 65.7% or $24.4 billion. The all other laundry and garment services segment is expected to be the fastest-growing segment going forward at a CAGR of 20.0%.

By End-Use
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 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

Some of the major key players involved in the dry-cleaning and laundry services market are
1. Cintas Corp.
2. Elis SA
3. Aramark
4. UniFirst Corp.
5. Franz Haniel & Cie. GmbH

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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