What is Global Dry-cleaning and Laundry Services Market?
The Global Dry-cleaning and Laundry Services Market is a vast and dynamic sector that encompasses a wide range of services. These services are designed to cater to the needs of individuals and businesses worldwide, providing them with clean, fresh, and well-maintained clothing and textiles. The market is made up of numerous players, from small local businesses to large multinational corporations, all of whom offer a variety of dry-cleaning and laundry services. The value of this market was estimated to be around US$ 36290 million in 2023, and it is projected to grow significantly in the coming years, reaching an estimated value of US$ 52840 million by 2030. This growth is driven by a number of factors, including increasing consumer demand for convenience and quality, advancements in cleaning technology, and the growing awareness of the benefits of professional laundry services.
Online Booking, Offline Booking in the Global Dry-cleaning and Laundry Services Market:
The Global Dry-cleaning and Laundry Services Market is divided into two main segments: online booking and offline booking. Online booking services allow customers to schedule their laundry pick-up and delivery times through a website or mobile app, providing them with a convenient and hassle-free way to manage their laundry needs. On the other hand, offline booking services involve traditional methods of drop-off and pick-up at a physical location. Both methods have their own advantages and cater to different customer preferences. For instance, online booking services are popular among tech-savvy customers who value convenience and flexibility, while offline booking services are preferred by customers who like to have a personal interaction with the service provider.
Commercial, Residential, Coin-operated in the Global Dry-cleaning and Laundry Services Market:
The Global Dry-cleaning and Laundry Services Market is utilized in various areas, including commercial, residential, and coin-operated sectors. Commercial usage involves services provided to businesses such as hotels, hospitals, and restaurants, where large volumes of laundry are generated regularly. Residential usage refers to services offered to individual households, catering to their specific laundry needs. Coin-operated services, also known as laundromats, are self-service facilities where customers can wash and dry their own laundry using coin-operated machines. Each of these areas has its own unique requirements and challenges, and service providers in the market need to tailor their offerings accordingly to meet these needs.
Global Dry-cleaning and Laundry Services Market Outlook:
Looking at the market outlook for the Global Dry-cleaning and Laundry Services Market, it's clear that the sector is on a positive trajectory. In 2023, the market was valued at US$ 36290 million, and it's expected to grow at a compound annual growth rate (CAGR) of 5.4% to reach US$ 52840 million by 2030. This growth is not evenly distributed across the globe, however. The Asia-Pacific region, for instance, currently holds over 40% of the global market share, demonstrating the significant role this region plays in the global market.
| Report Metric | Details |
| Report Name | Dry-cleaning and Laundry Services Market |
| Accounted market size in 2023 | US$ 36290 million |
| Forecasted market size in 2030 | US$ 52840 million |
| CAGR | 5.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | CSC ServiceWorks, EVI Industries Inc., Huntington Cleaners & Shirt Laundry, Mulberrys LLC, Procter & Gamble Co., Zipjet Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
