Global Dry-Cleaning And Laundry Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Dry-Cleaning And Laundry Services Market Report by The Business Research Company covers dry-cleaning and laundry services market drivers and restraints, dry-cleaning and laundry services market size, major players, and the impact of COVID-19 on the dry-cleaning and laundry services market.
The dry-cleaning and laundry services market consists of sales of dry-cleaning and laundry services and related goods by entities (organizations, sole traders and partnerships) that operate coin-operated or similar self-service laundries and drycleaners, provide dry-cleaning and laundry services (except coin-operated), and/or supply, on a rental or contract basis, laundered items such as uniforms, gowns, and shop towels. Establishments in the dry-cleaning and laundry services industry are mainly involved in washing and/or cleaning clothes and linen and include coin-operated laundries and drycleaners, dry-cleaning and laundry services, linen suppliers and industrial launderers.
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. The global dry-cleaning and laundry services market is expected to grow from $93.8 billion in 2020 to $104.5 billion in 2021 at a compound annual growth rate (CAGR) of 12.%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $127. billion in 2025 at a CAGR of 5%.
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Some dry-cleaning and laundry services market trends include use of cashless self-service laundries or coin-operated laundries and drycleaner machines. This growth is primarily due to emergence of cards and other alternative electronic payment methods such as RFID contactless credit cards, or NFC enabled mobile wallets that provide a cost-effective alternative to handle cash and are also easy to use.
Global dry-cleaning and laundry services market segments include:
1) By Type: Coin-Operated Laundries And Drycleaners, Dry-Cleaning And Laundry Services (Except Coin-Operated), Linen And Uniform Supply.
2) By End-Use: Commercial Dry-Cleaning And Laundry Services, Residential Dry-Cleaning And Laundry Services, Coin-Operated Laundries And Drycleaners.
3) By Distribution Channel: Offline, Online.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global dry-cleaning and laundry services market, accounting for 35% of the market.
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The Dry-Cleaning And Laundry Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides dry-cleaning and laundry services market overviews, analyzes and forecasts market size, share, dry-cleaning and laundry services market players, dry-cleaning and laundry services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The dry-cleaning and laundry services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Dry-Cleaning And Laundry Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Cintas Corp., Elis SA, Aramark, UniFirst Corp., Franz Haniel & Cie. GmbH
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The dry-cleaning and laundry services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The dry-cleaning and laundry services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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