Dry-Cleaning & Laundry Services Market by Types, Service, Application

Description

List of Tables

The Dry-Cleaning & Laundry Services Market was valued at USD 25.09 billion in 2023, expected to reach USD 26.39 billion in 2024, and is projected to grow at a CAGR of 5.59%, to USD 36.72 billion by 2030.

The Dry-Cleaning & Laundry Services market encompasses a range of professional cleaning services for clothing, textiles, and household items. This market is defined by the necessity for maintaining hygiene, convenience, and the longevity of garments, which supports both residential and commercial sectors, particularly impacting industries such as hospitality, healthcare, and corporates. The need for professional cleaning solutions extends from everyday consumers seeking convenience to businesses that require consistent laundry solutions for uniforms and linens. Key factors influencing market growth include increasing urbanization, dual-income households, and growing consumer awareness about fashion and garment care. Technological advancements in cleaning processes and the introduction of eco-friendly, sustainable cleaning solutions are additional stimulants for market expansion. Potential opportunities exist in adopting digital technologies for customer convenience, such as online booking and doorstep pick-and-drop services. Innovations in green cleaning technologies present significant avenues for growth, responding to consumer demand for environmentally responsible services. However, market challenges include high operational costs, stringent environmental regulations, and fluctuating raw material prices, which can impede growth. Competitive pricing and the rise of do-it-yourself home laundry technologies also present hurdles for market penetration. To navigate these challenges, companies should focus on integrating technology to streamline operations, invest in research for sustainable cleaning products, and enhance customer experiences through personalized services. Additionally, expanding service offerings to include niche markets like high-end garment care and textile restoration can also provide competitive advantage. The market is characterized by moderate competition, with both organized players and local laundromats vying for market share. Innovation and responsiveness to environmental and technological trends are crucial for businesses seeking sustainable growth in this dynamic sector.

KEY MARKET STATISTICS
Base Year [2023]	USD 25.09 billion
Estimated Year [2024]	USD 26.39 billion
Forecast Year [2030]	USD 36.72 billion
CAGR (%)	5.59%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Dry-Cleaning & Laundry Services Market

The Dry-Cleaning & Laundry Services Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising consumer spending on dry-cleaning and laundry services
- Increasing popularity of on-demand laundry services globally
- Growing number of households with working members globally and a surge in spending on clothes and their cleaning
Market Restraints
- Concerns associated with rising occurrence of at-home washing
Market Opportunities
- Rapid expansion of the hospitality industry continuously seeking professional services
- Growing urbanization and technological development in the laundry industry
Market Challenges
- Increased fear of losing the quality of clothes

Porter's Five Forces: A Strategic Tool for Navigating the Dry-Cleaning & Laundry Services Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Dry-Cleaning & Laundry Services Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Dry-Cleaning & Laundry Services Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Dry-Cleaning & Laundry Services Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Dry-Cleaning & Laundry Services Market

A detailed market share analysis in the Dry-Cleaning & Laundry Services Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Dry-Cleaning & Laundry Services Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Dry-Cleaning & Laundry Services Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Dry-Cleaning & Laundry Services Market

A strategic analysis of the Dry-Cleaning & Laundry Services Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Dry-Cleaning & Laundry Services Market, highlighting leading vendors and their innovative profiles. These include Alliance Laundry Systems LLC, Alsco Pty Limited, BONI Sunrise Limited, Brite Star Cleaners, Comet Cleaners, East Rand Cleaners, Elis Group, Golden Hanger Cleaners, Immaculate Dry Cleaning, JyothyFabricare Services Ltd., Lapels Dry Cleaning, Marberry Cleaners & Launderers, Inc., Martinizing International, LLC., Rinse, Inc., Shanghai Chen Hin Dry Cleaning Co, The Eco Laundry Company, and The Huntington Company.

Market Segmentation & Coverage

This research report categorizes the Dry-Cleaning & Laundry Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Types, market is studied across Coin-Operated Laundries & Drycleaners, Dry-Cleaning & Laundry Service, Dry-Cleaning Plants, Garment Pressing & Laundry Agent, Household & Commercial Laundries, and Linen & Uniform Supply.
Based on Service, market is studied across Dry Cleaning, Duvet Clean, and Laundry.
Based on Application, market is studied across Commercial Laundry Services, Hotels, and Residential.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-02026C4CA2C5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising consumer spending on dry-cleaning and laundry services
  - 5.1.1.2. Increasing popularity of on-demand laundry services globally
  - 5.1.1.3. Growing number of households with working members globally and a surge in spending on clothes and their cleaning
- 5.1.2. Restraints
  - 5.1.2.1. Concerns associated with rising occurrence of at-home washing
- 5.1.3. Opportunities
  - 5.1.3.1. Rapid expansion of the hospitality industry continuously seeking professional services
  - 5.1.3.2. Growing urbanization and technological development in the laundry industry
- 5.1.4. Challenges
  - 5.1.4.1. Increased fear of losing the quality of clothes
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Dry-Cleaning & Laundry Services Market, by Types

6.1. Introduction
6.2. Coin-Operated Laundries & Drycleaners
6.3. Dry-Cleaning & Laundry Service
6.4. Dry-Cleaning Plants
6.5. Garment Pressing & Laundry Agent
6.6. Household & Commercial Laundries
6.7. Linen & Uniform Supply

7. Dry-Cleaning & Laundry Services Market, by Service

7.1. Introduction
7.2. Dry Cleaning
7.3. Duvet Clean
7.4. Laundry

8. Dry-Cleaning & Laundry Services Market, by Application

8.1. Introduction
8.2. Commercial Laundry Services
8.3. Hotels
8.4. Residential

9. Americas Dry-Cleaning & Laundry Services Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Dry-Cleaning & Laundry Services Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Dry-Cleaning & Laundry Services Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Alliance Laundry Systems LLC
2. Alsco Pty Limited
3. BONI Sunrise Limited
4. Brite Star Cleaners
5. Comet Cleaners
6. East Rand Cleaners
7. Elis Group
8. Golden Hanger Cleaners
9. Immaculate Dry Cleaning
10. JyothyFabricare Services Ltd.
11. Lapels Dry Cleaning
12. Marberry Cleaners & Launderers, Inc.
13. Martinizing International, LLC.
14. Rinse, Inc.
15. Shanghai Chen Hin Dry Cleaning Co
16. The Eco Laundry Company
17. The Huntington Company