Dry-cleaning and Laundry Services Market to grow by USD 18,646.9 million from 2022 to 2027|Market driven by the introduction of smart laundry - Technavio

NEW YORK, Aug. 4, 2023 /PRNewswire/ -- The dry-cleaning and laundry services market is set to grow by USD 18,646.9 million from 2022 to 2027 progressing at a CAGR of 5.3% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The major factor notably driving the dry-cleaning and laundry services market growth is the introduction of smart laundry. With the advent of the Internet of Things (IoT), the laundry experience has become seamless. By 2025, it is estimated that the number of IoT-connected devices will grow by approximately 60 billion. IoT is enabling customers to have a comfortable, affordable, and efficient experience by optimizing productivity through the use of information. Also, cost-effectiveness is another essential factor driving the growth of smart laundry. A wide range of services is easily available to customers, including quick services, instant pickup, online payment, and consumer loyalty rewards, all of which are attractive offers. Therefore, this factor is expected to contribute to the growth of the dry-cleaning and laundry services market during the forecast period. -Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The dry-cleaning and laundry services market covers the following areas:

• Dry-cleaning And Laundry Services Market Sizing
• Dry-cleaning And Laundry Services Market Forecast
• Dry-cleaning And Laundry Services Market Analysis

The report on the dry-cleaning and laundry services market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Dry-cleaning And Laundry Services Market 2023-2027 - Market Dynamics

Major Trends

The adoption of sustainable practices is an emerging trend that supports market growth. Consumers are becoming generally aware of the eco-friendly practices offered by dry-cleaning and laundry services, directing a shift towards more sustainable practices which include measures that help decrease water and/or energy consumption, referred to as green practices. For instance, on average, households consume over 13,000 gallons of water to wash about 300 loads of laundry and opting for Energy Star-certified washing machines can save more than 5,000 gallons of water. Customers can reduce water wastage by choosing laundry and dry cleaning services. However, vendors, such as Huntington Cleaners, have already adopted the concept of green cleaning to maintain environmental standards, which assists in both maintaining sustainability standards and generating revenue in the global laundry and dry cleaning services market during the forecast period.

Significant Challenge 

One of the key challenges impeding the global dry-cleaning and laundry services market growth is the high capital investments. Due to the installation of expensive commercial washing machines, among other costs, commercial laundry businesses require large capital investments to set up. However, utility service costs, such as electricity and water, can fluctuate, influencing the total costs of running the business. Also, the maintenance costs of machines add to the expenses incurred by commercial laundry venture owners. The cost of starting a new laundry business ranges from USD 230,000 to USD 1,000,000, relying on factors such as location, machine type, and operation size. Further, businesses must invest in chemicals like detergents, spot and stain removers, and bleaching agents to sanitize fabrics. Therefore, high capital investments are anticipated to restrict the number of consumers who desire premium dry-cleaning and laundry services provided by vendors in the global market during the forecast period.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Dry-cleaning And Laundry Services Market 2023-2027: Market Segmentation

The dry-cleaning and laundry services market segmentation by end-user (commercial, residential, and coin-operated), type (laundry, dry-cleaning, and duvet clean), and geography (APAC, Europe, North America, Middle East and Africa, and South America). 

• The laundry and dry cleaning services market share growth by the commercial segment will be significant during the forecast period. The primary sectors utilizing commercial dry-cleaning and laundry services are healthcare (including hospitals, clinics, and other healthcare establishments), hospitality (hotels, resorts, and other hospitality establishments), leisure (salons and spas), transportation and logistics (airlines and airports), railways, and waterways (cruise liners and other vessels), institutional and government bodies (schools, colleges, universities, laboratories, research centres, army, navy, and air force), and food service establishments (restaurants, pubs, and bars). In the dry-cleaning and laundry services market, vendors emphasize the hospitality industry to attract a loyal clientele and consistently offer high-quality services. Vendors provide comprehensive details about their commercial laundry services for hotels, restaurants, spas, and hospitals on their websites to encourage the adoption of dry-cleaning and laundry services among commercial end-users. Thus, vendors' sector-specific dry-cleaning and laundry services are anticipated to drive the growth of the commercial end-user segment in the dry-cleaning and laundry services market during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
 

Companies Mentioned

• American Dry Cleaning Co.
• Angelica Textile Services
• ByNext Inc.
• CSC ServiceWorks Inc.
• Evans Express Laundry Center
• EVI Industries Inc.
• Great American Cleaners
• Inc and Co Group Ltd.
• Jyothy Labs Ltd
• Lapels Cleaners
• Laundry Town Inc.
• Marberry Cleaners and Launderers Inc.
• Mulberrys Franchising LLC
• OXXO Care Cleaners
• Quickclean Pvt. Ltd.
• Rinse Inc.
• Simply Laundry Inc.
• The Procter and Gamble Co.
• Washmen Laundry LLC
• Yates Dry Cleaning

Vendor Offerings

• American Dry Cleaning Co. - The company offers laundry services for table cloths, duvets, blankets, pillows and towels as well as small items such as underwear, vests and pyjamas and bedlinen which are pressed and carefully packaged ready.
• Angelica Textile Services - The company offers laundry and dry cleaning services for linen and bedsheets in the field of medical professional hospitals.
• ByNext Inc. - The company offers laundry and dry cleaning services for clothes and linen with organic detergents and other eco-friendly solvents.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global dry-cleaning and laundry services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global dry-cleaning and laundry services market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial - Market size and forecast 2022-2027
• Exhibit 34: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.4 Residential - Market size and forecast 2022-2027
• Exhibit 38: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.5 Coin operated - Market size and forecast 2022-2027
• Exhibit 42: Chart on Coin operated - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Coin operated - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Coin operated - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Coin operated - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Laundry - Market size and forecast 2022-2027
• Exhibit 51: Chart on Laundry - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Laundry - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Laundry - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Laundry - Year-over-year growth 2022-2027 (%)

• 7.4 Dry-cleaning - Market size and forecast 2022-2027
• Exhibit 55: Chart on Dry-cleaning - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Dry-cleaning - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Dry-cleaning - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Dry-cleaning - Year-over-year growth 2022-2027 (%)

• 7.5 Duvet clean - Market size and forecast 2022-2027
• Exhibit 59: Chart on Duvet clean - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Duvet clean - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Duvet clean - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Duvet clean - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 American Dry Cleaning Co. 
• Exhibit 116: American Dry Cleaning Co. - Overview
• Exhibit 117: American Dry Cleaning Co. - Product / Service
• Exhibit 118: American Dry Cleaning Co. - Key offerings

• 12.4 Angelica Textile Services 
• Exhibit 119: Angelica Textile Services - Overview
• Exhibit 120: Angelica Textile Services - Product / Service
• Exhibit 121: Angelica Textile Services - Key offerings

• 12.5 ByNext Inc. 
• Exhibit 122: ByNext Inc. - Overview
• Exhibit 123: ByNext Inc. - Product / Service
• Exhibit 124: ByNext Inc. - Key offerings

• 12.6 CSC ServiceWorks Inc. 
• Exhibit 125: CSC ServiceWorks Inc. - Overview
• Exhibit 126: CSC ServiceWorks Inc. - Product / Service
• Exhibit 127: CSC ServiceWorks Inc. - Key offerings

• 12.7 Evans Express Laundry Center 
• Exhibit 128: Evans Express Laundry Center - Overview
• Exhibit 129: Evans Express Laundry Center - Product / Service
• Exhibit 130: Evans Express Laundry Center - Key offerings

• 12.8 EVI Industries Inc. 
• Exhibit 131: EVI Industries Inc. - Overview
• Exhibit 132: EVI Industries Inc. - Business segments
• Exhibit 133: EVI Industries Inc. - Key offerings
• Exhibit 134: EVI Industries Inc. - Segment focus

• 12.9 Great American Cleaners 
• Exhibit 135: Great American Cleaners - Overview
• Exhibit 136: Great American Cleaners - Product / Service
• Exhibit 137: Great American Cleaners - Key offerings

• 12.10 Inc and Co Group Ltd. 
• Exhibit 138: Inc and Co Group Ltd. - Overview
• Exhibit 139: Inc and Co Group Ltd. - Product / Service
• Exhibit 140: Inc and Co Group Ltd. - Key offerings

• 12.11 Jyothy Labs Ltd 
• Exhibit 141: Jyothy Labs Ltd - Overview
• Exhibit 142: Jyothy Labs Ltd - Product / Service
• Exhibit 143: Jyothy Labs Ltd - Key offerings

• 12.12 Lapels Cleaners 
• Exhibit 144: Lapels Cleaners - Overview
• Exhibit 145: Lapels Cleaners - Product / Service
• Exhibit 146: Lapels Cleaners - Key offerings

• 12.13 Laundry Town Inc. 
• Exhibit 147: Laundry Town Inc. - Overview
• Exhibit 148: Laundry Town Inc. - Product / Service
• Exhibit 149: Laundry Town Inc. - Key offerings

• 12.14 Marberry Cleaners and Launderers Inc.
• Exhibit 150: Marberry Cleaners and Launderers Inc. - Overview
• Exhibit 151: Marberry Cleaners and Launderers Inc. - Product / Service
• Exhibit 152: Marberry Cleaners and Launderers Inc. - Key offerings

• 12.15 Mulberrys Franchising LLC 
• Exhibit 153: Mulberrys Franchising LLC - Overview
• Exhibit 154: Mulberrys Franchising LLC - Product / Service
• Exhibit 155: Mulberrys Franchising LLC - Key offerings

• 12.16 OXXO Care Cleaners 
• Exhibit 156: OXXO Care Cleaners - Overview
• Exhibit 157: OXXO Care Cleaners - Product / Service
• Exhibit 158: OXXO Care Cleaners - Key offerings

• 12.17 Quickclean Pvt. Ltd. 
• Exhibit 159: Quickclean Pvt. Ltd. - Overview
• Exhibit 160: Quickclean Pvt. Ltd. - Product / Service
• Exhibit 161: Quickclean Pvt. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

• extrapolation: Validated 

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SOURCE Infiniti Research, Inc.