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Dry Cleaning And Laundry Services Global Market Worth $129.3 Billion at a CAGR of 3.0% By 2027 | Key Players: Elis SA, Johnson Service Group, Downer EDI Limited, K Bro Linen Inc., Linen King LLC
Dry Cleaning And Laundry Services Market
The Business Research Company's Dry Cleaning And Laundry Services Global Market Report 2023 identifies the gradual shift in customer spending towards tourism is expected to positively impact the hospitality sector in the forecast period driving the market for dry-cleaning and laundry services. To cater to increasing tourist demands, hotels are coming up with new business models where the rooms are available for multiple bookings on a single day.
The global dry-cleaning and laundry services market size will grow from $110.63 billion in 2022 to $114.84 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of dry-cleaning and laundry services market is expected to grow to $129.3 billion in 2027 at a CAGR of 3.0%.
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Major companies in the dry-cleaning and laundry services market include Elis SA, Spotless Group Holdings Ltd., CSC Serviceworks Holdings Inc., Johnson Service Group, Downer EDI Limited, K Bro Linen Inc., Atlantic City Linen Supply LLC, Linen King LLC, Radiant Services Corporation.
The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the dry-cleaning and laundry services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally.
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The Dry Cleaning And Laundry Services Market Is Segmented -
• By Type: Coin-Operated Laundries And Drycleaners, Dry-Cleaning And Laundry Services (except Coin-Operated), Linen And Uniform Supply
• By End-Use: Commericial Dry-Cleaning And Laundry Services, Residential Dry-Cleaning And Laundry Services, Coin-Operated Laundries And Drycleaners
• By Distribution Channel: Offline, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Dry Cleaning And Laundry Services market.
The Business Research Company's "Global Dry Cleaning And Laundry Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Dry Cleaning And Laundry Services Market Include:
1. Executive Summary
2. Dry Cleaning And Laundry Services Market Characteristics
3. Dry Cleaning And Laundry Services Market Trends And Strategies
4. Dry Cleaning And Laundry Services Market - Macro Economic Scenario
5. Dry Cleaning And Laundry Services Market Size And Growth
.....
26. Africa Dry Cleaning And Laundry Services Market
27. Dry Cleaning And Laundry Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Dry Cleaning And Laundry Services Market
29. Dry Cleaning And Laundry Services Market Future Outlook and Potential Analysis
30. Appendix
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