Dry-cleaning and Laundry Services Market to Surge Ahead, Expected to Surpass US$ 124.8 Bn by 2030

The global dry-cleaning and laundry services market is projected to witness substantial growth over the next decade, expanding at a CAGR of 8.1%. This growth will propel the market from its 2023 valuation of US$72.3 billion to an estimated US$124.8 billion by the end of 2030.

Get a Sample PDF Brochure of the Report (Use Corporate Email ID for a Quick Response):
https://www.persistencemarketresearch.com/samples/33971

Market Introduction and Definition

Dry-cleaning and laundry services provide specialized garment care, offering both solvent-based dry-cleaning and water-based laundry processes. These services cater to individuals and businesses seeking convenient and effective clothing maintenance solutions.

Market Growth Drivers

1. Rising Urbanization and Lifestyle Transformations

The accelerating pace of urbanization is significantly boosting demand for dry-cleaning and laundry services. With more people moving to urban centers, the need for time-efficient solutions is increasing.

2. Growing Dual-Income Households

The rise in dual-income families is contributing to the increased reliance on professional laundry services. As more households outsource household tasks, the demand for dry-cleaning and laundry services continues to surge.

3. Heightened Focus on Hygiene and Convenience

Post-pandemic trends have reinforced the importance of hygiene, encouraging individuals and businesses to opt for professional garment care services to maintain cleanliness and longevity of clothing.

4. Sustainability Initiatives Boost Market Innovation

As consumers become increasingly eco-conscious, the industry is adapting with eco-friendly solvents and wet-cleaning technologies, offering sustainable cleaning solutions that align with global environmental standards.

Market Challenges

1. Environmental Concerns and Regulatory Challenges

The traditional dry-cleaning process relies on solvents such as perchloroethylene, which pose environmental and health risks. The industry faces regulatory pressures to transition towards more sustainable and biodegradable cleaning agents.

2. Labor Shortages Impact Operational Efficiency

The industry's labor-intensive nature requires skilled workers for stain removal, garment care, and customer service. However, ongoing labor shortages present challenges in maintaining service consistency.

Emerging Opportunities

1. Integration of Smart Technologies

Technological advancements, including mobile apps for scheduling, garment tracking systems, and IoT-enabled laundry equipment, are enhancing operational efficiency and customer satisfaction. These innovations are expected to further drive market growth.

2. Growth in the Commercial Sector

Businesses, hotels, healthcare facilities, and corporate offices are increasingly outsourcing their laundry needs, creating new revenue streams for market players.

3. Expansion in Emerging Markets

South Asia and the Pacific region are experiencing a surge in demand due to rising disposable incomes, increased urbanization, and a shift towards professional laundry services.

Regional Market Insights

1. North America Leading the Market

With a well-established consumer culture and a strong demand for convenience-driven services, North America is the dominant regional market. Major cities such as New York and San Francisco contribute significantly to the growth of professional dry-cleaning and laundry services.

2. Asia-Pacific Witnessing the Fastest Growth

The South Asia and Pacific region is expected to experience the highest growth rate due to economic progress, shifting consumer lifestyles, and the widespread adoption of digital service models.

Competitive Landscape

1. Key Market Players Driving Industry Evolution

Leading companies such as Alliance Laundry Systems LLC, The Huntington Company, ZIPS Dry Cleaners, Alsco Pty Limited, and Rinse, Inc. are investing in technology and sustainability to gain a competitive edge.

2. Strategic Expansions and Acquisitions

Companies are expanding their infrastructure and service networks to penetrate high-growth markets. For instance, Alliance Laundry Systems' acquisition of Gulf States Machinery Co. in 2021 highlights the trend of strategic expansions in emerging economies.

3. Focus on Sustainability and Customer Experience

Market leaders are prioritizing sustainability by adopting biodegradable cleaning agents, reducing water consumption, and integrating RFID tracking systems to enhance customer experience and operational efficiency.

Future Outlook

The global dry-cleaning and laundry services market is poised for sustained growth, driven by urbanization, technological advancements, and a growing preference for convenient, professional garment care solutions. Companies that invest in innovation and sustainability will remain at the forefront of the evolving market landscape.

Market Segmentation

By Service:

Laundry
Dry Cleaning
Duvet Cleaning

By Application:

Residential
Commercial

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 25.92, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.