Dry-cleaning And Laundry Services Market To Reach $118.71 Billion By 2030

Dry-cleaning And Laundry Services Market Growth & Trends

The global dry-cleaning and laundry services market size is estimated to reach USD 118.71 billion by 2030, registering a CAGR of 7.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The significance of having a clean and hygienic living environment is becoming more widely acknowledged. This is crucial for bedding products like duvets, which can harbor pollutants like dust mites and allergies. More consumers are turning to dry-clean and laundry services for better cleaning and sanitization of clothing and duvets.Modern consumers are increasingly preferring cashless payment options, which is having a significant impact on the laundry industry. As a result, many laundry providers and dry-cleaning services are shifting to card payment systems.

These systems offer added convenience to both business owners and customers by eliminating the need for change, while also improving safety and fostering customer loyalty. Furthermore, technological advancements have enabled machines to work in tandem with chemical, pump, ozone, and UV disinfection systems, which is especially beneficial during the COVID-19 pandemic.  With the growing concerns about high utility bills and the environment, energy efficiency has become increasingly important for investors and customers alike. Commercial laundry equipment has made significant strides in recent years, offering greater control and shorter dry times that reduce energy consumption and lower utility bills.

This has spurred many laundry facilities and dry-cleaning services to upgrade their equipment, not only to save money but also to attract more eco-conscious customers. The latest commercial laundry equipment is designed to be more energy-efficient than ever before. These machines use less water, have shorter dry times, and provide more controls to adjust levels and temperature, all of which help reduce energy consumption, lower utility bills, and make it easier to run an energy-efficient laundry facility. Many key players have started upgrading their commercial laundry equipment to improve energy efficiency and attract more environment-conscious customers.

By reducing fossil fuel usage, lowering greenhouse gas emissions, and conserving natural resources, energy-efficient laundry equipment is essential for businesses that want to reduce their environmental impact and save money on utility bills.Increasing adoption of online services by the overall consumer group has been a major trend in the industry and helping businesses grow. In addition, the convenience and effortlessness provided by such services is another aspect that is leading toward their high adoption. High disposable incomes and rising expenditure on personal hygiene are acting as major catalysts for laundry facilities and dry-cleaning services, influencing their acceptance in the U.S.

Subscription packages and offers are expected to further popularize these services among consumers. Many subscription-based laundry services use high-quality cleaning products and equipment to ensure that the laundry is cleaned thoroughly and effectively and to give consumers one less chore to complete in their day-to-day lives. Laundryheap is a subscription-based laundry service that operates in several major cities around the world, including London, Paris, and Dubai. Customers can schedule laundry pickups and deliveries through the Laundryheap app and can choose from a variety of services, including wash & fold, dry cleaning, and ironing.

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Dry-cleaning And Laundry Services Market Report Highlights

• Asia Pacific dominated the global market in 2022. The market is anticipated to be driven by the presence of rapidly developing economies like India and China, a growing working population, and rising spending on cleaning services

• The commercial setting segment is estimated to register the fastestCAGR from 2023 to 2030. Commercial laundry services are increasingly adopting sustainable practices, such as using eco-friendly detergents and reducing water usage. This is particularly important for businesses that want to minimize their environmental impact

• To maintain market share, industry participants are broadening their service offerings. For instance, in March 2021, Alliance Laundry Systems LLC introduced a new generation of washers featuring touchscreen controls and full connectivity options for select Primus and IPSO models

• The touchscreen control platform offers exceptional versatility for laundry customers and also helps reduce touchpoints

Dry-cleaning And Laundry Services Market Segmentation

Grand View Research has segmented the global dry-cleaning and laundry services market on the basis of services, application, and region:

Dry-cleaning And Laundry Services Outlook (Revenue, USD Million, 2017 - 2030)

• Laundry

• Dry Cleaning

• Duvet Cleaning

Dry-cleaning And Laundry Services Application Outlook (Revenue, USD Million, 2017 - 2030)

• Residential

• Commercial

Dry-cleaning And Laundry Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • France

  • U.K.

  • Spain

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in Dry-cleaning And Laundry Services Market

• Alliance Laundry Systems LLC

• The Huntington Company

• ZIPS Dry Cleaners

• Alsco Pty Ltd.

• Rinse, Inc.

• Marberry Cleaners & Launderers, Inc.

• Tide Dry Cleaners (Procter & Gamble)

• City Dry Cleaning Company

• East Rand Cleaners

• Cleanly