The Dry Cleaning And Laundry Services by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dry Cleaning And Laundry Services, The dry cleaning & laundry services market size has grown steadily in recent years. It will grow from $118.21 billion in 2023 to $123.3 billion in 2024 at 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, a rise in the number of single person households, and growth in the healthcare services sector.
The dry cleaning & laundry services market size is expected to see steady growth in the next few years. It will grow to $144.48 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to growth in hospitality sector, increasing internet penetration, rising franchising opportunity, faster economic growth, busy lifestyles of people and technological advances in the laundry industry. Major trends in the forecast period include investing in digital technologies such as mobile apps to offer on-demand laundry services, offering cashless self-service options such as contactless payments and digital wallets to ease cash management and attract customers, and installing smart laundromats to cut down labor costs, save time and improve operational efficiencies.
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. This in turn is expected to increase the number of times linen is changed in a hotel room daily, increasing the amount of linen to be washed after every change. This business model is expected to drive the demand for dry-cleaning and laundry services in the hospitality industry, where hotels prefer using a professional launderette to optimize operations time and keep quality services. Therefore, the growth of the hospitality industry is expected to drive the dry-cleaning and laundry services market.
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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,
The use of cashless self-service laundries or coin-operated laundries and dry cleaner machines is growing across the world. This growth is primarily due to the 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. Apart from this, cashless laundry machines also provide relief from painstaking cash management in laundries, and secure solutions over cash-operated machines, which have to be carefully monitored for thefts. For instance, companies such as 'Texas Coin and Commercial Laundry' and 'Lone Star Laundromat Services' based in Texas, USA are laundry service providers that adopted cashless laundry services.
The dry cleaning and laundry services market report table of contents includes:
1. Executive Summary
2. Dry Cleaning And Laundry Services Market Characteristics
3. Dry Cleaning And Laundry Services Product/Service Analysis -Product/Service Examples
4. Dry Cleaning And Laundry Services Market Trends And Strategies
5. Dry Cleaning And Laundry Services Market - Macro Economic Scenario
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31. Belgium Dry Cleaning And Laundry Services Market
32. Denmark Dry Cleaning And Laundry Services Marke
33. Finland Dry Cleaning And Laundry Services Market
34. Ireland Dry Cleaning And Laundry Services Market
35. Netherlands Dry Cleaning And Laundry Services Market
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TheBusinessResearchCompany published its Personal Services Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global personal services market.
The report covers the personal services market’s segments- personal care services, death care services, dry-cleaning and laundry services, other personal services, private households, beauty salons, diet and weight reducing centers, spas & massage, other personal care services, funeral homes and funeral services, cemeteries and crematories, coin-operated laundries and drycleaners, dry-cleaning and laundry services (except coin-operated), linen and uniform supply, pet care (except veterinary) services, photofinishing, parking lots and garages, all other personal services, in-house workers, outside workers.Explore Complete Report https://www.thebusinessresearchcompany.com/report/personal-services-global-market-reportPersonal Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=1947=smpThe personal services market consists of the sales of personal services and related goods by entities that provide personal and laundry services to individuals, households, and businesses.
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