DUBLIN--(BUSINESS WIRE)--The "Dry-Cleaning and Laundry Services - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
Global Dry-Cleaning and Laundry Services Market to Reach $103.5 Billion by 2030
The global market for Dry-Cleaning and Laundry Services estimated at US$67.2 Billion in the year 2022, is projected to reach a revised size of US$103.5 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Laundry, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$56.4 Billion by the end of the analysis period. Growth in the Dry Cleaning segment is estimated at 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $17.8 Billion, While China is Forecast to Grow at 7% CAGR
The Dry-Cleaning and Laundry Services market in the U.S. is estimated at US$17.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$17 Billion by the year 2030 trailing a CAGR of 7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 386 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $67.2 Billion |
| Forecasted Market Value (USD) by 2030 | $103.5 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global
|
MARKET OVERVIEW
- Global Economic Update
- COVID-19 Impact on Dry-Cleaning and Laundry Services Market
- Global Market Overview and Analysis
- Global Dry-Cleaning & Laundry Services Set to Enjoy Bright Days Ahead
- Laundry Captures a Major Share of the Market, Duvet Cleaning Expected to Exhibit Significant Growth
- How Evolutions in Dry-Cleaning Methods Are Transforming the Modern World
- Key Trends Shaping the Future of Laundry Industry
- Residential Laundry Services to Account for a Major Share, Commercial to Witness Faster Growth
- North America Retains Commanding Position, Asia-Pacific Represents a High Growth Regional Market
- Heading towards a Bright Future
- Competition
- Competitive Market Presence - Strong/Active/Niche/Trivial for 120 Players Worldwide in 2023 (E)
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Salient Trends Turning the Tide in Favor of Laundry Services
- Smart Laundry Equipment & Service Technologies Emerge Into the Spotlight
- IoT Enabled Commercial Washing Machines Bring the Promise of Revolutionizing Laundry Services
- How AI Technology is Revolutionizing Dry-Cleaning and Laundry Operations
- The Emergence of Eco-Friendly Laundry and Dry-Cleaning Solutions
- The Environmental Risk of Conventional Chlorinated Chemicals in Dry-Cleaning and Laundry
- Eco-friendly Laundry Detergents Gain Popularity
- Global Online Laundry Services Market Heads towards Whirlpool of Growth
- Coin-Operated Laundry Services Market Grows at a Slow Pace
- Sustained Growth in the Market for Cashless Self-Service Laundries
- Cautious Recovery of the Travel, Hospitality/Hotel Industry in 2022 & Beyond Bodes Well for Market Growth
- Technological Solutions Conjuring Up Ripples in Commercial Laundry Services Domain
- Evolving Fashion Trends Keep Demand Robust for Dry-cleaning and Laundry Services
- Franchising Business Model Gains Traction in Dry Cleaning and Laundry Services Industry
- Spurred On by Rising Healthcare Burden, Hospitals Emerge into the Fastest Growing End-Use Sector
- High Demand for Laundry Services from Uniform Supply Market
- Residential Laundry Services Market Benefits from Changing Lifestyles and Rise in Single-Person Households
- Multi-Housing Laundries Rise in Prominence
- Outsourcing of Laundry Services Gains Momentum
- Industrial Laundries Face a Myriad of Challenges
- Sea of Challenges Indicating Muddy Waters for Dry-Cleaning & Laundry Services
FOCUS ON SELECT PLAYERS (Total 120 Featured)
- Alsco Pty. Ltd.
- Astoria Dry Cleaning Services
- ARAMARK Corporation
- Cleanly
- Huntington Cleaners
- Lapels & Linens Sdn Bhd
- Mr Dobi Laundry Services
- Rentokil Initial PLC
- The Eco Laundry Company
- ZIPS Franchising LLC (Zips Dry Cleaners)
For more information about this report visit https://www.researchandmarkets.com/r/crfxn5
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