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The dry cleaning & laundry services market has experienced steady growth, ascending from $118.21 billion in 2023 to $123.3 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid urbanization, an increase in the number of single-person households, and growth in the healthcare services sector. Projecting sustained growth, the market is expected to reach $144.48 billion in 2028, with a CAGR of 4.0%. The growth in the forecast period is driven by factors such as expansion in the hospitality sector, increasing internet penetration, rising franchising opportunities, faster economic growth, busy lifestyles of individuals, and technological advances in the laundry industry. Noteworthy trends in the forecast period include investments in digital technologies such as mobile apps for on-demand laundry services, the offering of cashless self-service options like contactless payments and digital wallets, and the installation of smart laundromats to cut down on labor costs, save time, and improve operational efficiencies.

The hospitality sector is poised for positive growth as consumer spending gradually shifts towards tourism, influencing the market for dry-cleaning and laundry services. The evolving dynamics of hotel business models, allowing multiple bookings for a single room in a day, are projected to increase linen changes and, subsequently, the demand for laundry services. To optimize operational efficiency and maintain service quality, hotels are increasingly relying on professional launderettes. This trend is set to drive the demand for dry-cleaning and laundry services in the hospitality industry. The overall expansion of the hospitality sector, fueled by changing consumer spending patterns, is expected to contribute to the growth of the dry-cleaning and laundry services market in 2023, 2024, and 2028.

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What Are The Key Trends That Influence Dry Cleaning And Laundry Services Market Share Analysis?

The growth of cashless self-service laundries and dry cleaner machines is driven by the adoption of electronic payment methods such as RFID contactless credit cards and NFC-enabled mobile wallets. These methods offer a cost-effective and user-friendly alternative to cash handling and reduce the risk of theft. For instance, Texas-based companies like ‘Texas Coin and Commercial Laundry’ and ‘Lone Star Laundromat Services’ have embraced cashless laundry services.

Which Market Players Are Driving Growth In The Dry Cleaning And Laundry Services Market?

Major companies operating in the dry cleaning and laundry services market report are Cintas Corp., Elis SA, Aramark, UniFirst Corp., Franz Haniel & Cie. GmbH, Downer EDI Limited, Johnson Service Group, CSC ServiceWorks Holdings Inc., Rentokil Initial plc, Spotless Group Holdings Limited, White Tiger, Fabricspa, the Swiss Laundry, the Laundry House, UClean, Easy Life Laundry, Fornet, Elephat King Laundry, Alsco Pty Limited, Karl Chehade Dry-Cleaning, the Mat on Carrington, Edaixi, WonderWash, Pacific Dry Cleaners, Laundry Day, DryClyn Express, Easy Wash Laundromat, LaundryMart Fetch, Hi-tech Dry-cleaning, Jeeves, New China Laundry, Sunshine Laundry, Wah Mei Dry-Cleaning & Laundry Company, Vogue Laundry Service Ltd., Impressed Laundry, Boni, Washie and Tai Pan Laundry, Easy Life Laundry, Big Mama, Tokyu Linen Supply Co., Ltd., Comet Cleaners, White Knight Laundry Services, Laundrapp, Pressto Laundry & Dry Cleaners, CLEAN, Solo Laundry Services Ltd, ihateironing, Laundry Master, Laundryheap, West Country Laundry Ltd., Imperial Laundry, The Diana company, Bel & Blanc, Laundry Drnovec, Arbela, Nordic Care, 5àsec, Pralnia Samoobsługowa Blanc Lys, WashPro Poland, Washescu, Immaculate, MWD Group, Hollywood S.A, Dryclean USA, Martinizing Dry-Cleaning, OXXO Care Cleaners, Lapels, Tide Dry Cleaners, ZIPS Dry Cleaners, The Eco Laundry Company, Cadet Cleaners, North Park Cleaners, Golden Hanger Cleaners, Brite Star Cleaners, One Hour Cleaners, 5àsec, Mr Jeff, Quick-Press, Al Rafidain Laundry, Force Laundry, Lavanderia, Champion Cleaners, Washmen, Connoisseur Dry Cleaners, Pressed In Time, Bendor Laundrette, Harringtons Dry Cleaners And Launderers, Crisp & Clean, Eco Dry Cleaners, JustLaundry, Kisafi

How Is The Global Dry Cleaning And Laundry Services Market Segmented?

The dry cleaning and laundry services market covered in this report is segmented –

1) By Type: Coin-Operated Laundries And Drycleaners, Dry-Cleaning And Laundry Services (except Coin-Operated), Linen And Uniform Supply
2) By Distribution Channel: Offline, Online
3) By End-User: Commericial Dry-Cleaning And Laundry Services, Residential Dry-Cleaning And Laundry Services, Coin-Operated Laundries And Drycleaners

Sub segments: Coin-Operated Laundry Routes, Coin-Operated Laundries And Dry-Cleaning Stores, Household and Commercial Laundries, Dry-Cleaning Plants, Garment Pressing And Agents For Laundries, All Other Laundry And Garment Services, Linen Supply, Industrial Launderers,

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The Dry Cleaning And Laundry Services Global Market Report 2024 provides an overview of the dry cleaning and laundry servicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The dry cleaning and laundry services market forecast analyzes dry cleaning and laundry services market size, dry cleaning and laundry services market share, leading competitor and their market positions.

The Table Of Content For The Dry Cleaning And Laundry Services Market Include

1. Dry Cleaning And Laundry Services Market Executive Summary
2. Dry Cleaning And Laundry Services Market Segments
3. Dry Cleaning And Laundry Services Market Size And Template Market Growth Rate
4.  Key Dry Cleaning And Laundry Services Market Trends
5. Major Dry Cleaning And Laundry Services Market Drivers
……
25. Key Mergers And Acquisitions In The Dry Cleaning And Laundry Services Market
26. Top Dry Cleaning And Laundry Services Companies
27. Dry Cleaning And Laundry Services Market Opportunities And Strategies
28. Dry Cleaning And Laundry Services Market, Conclusions And Recommendations
29. Appendix

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