The global dry-cleaning and laundry services market size reached USD 69.3 billion in 2022. Revenue generated by the dry-cleaning and laundry services is likely to be USD 74.8 billion in 2023. Sales are poised to soar at 7.0% CAGR over the forecast period between 2023 and 2033. Demand is anticipated to transcend to USD 147 billion by 2033.
The global dry-cleaning and laundry services market is driven by growing hospitality and tourism industry demand. Hotels, restaurants, and resorts require a large volume of linens, towels, and uniforms to serve guests. This creates a consistent demand for laundry services to ensure a steady supply of clean and well-maintained textiles.
The hospitality industry places a premium on cleanliness and presentation. To meet these high standards, hotels and restaurants often outsource laundry services to specialized providers that can offer professional cleaning and ironing services. Tourism is often subject to seasonal fluctuations, leading to peak demand during tourist seasons. Dry cleaners in tourist destinations might experience surges in business during these periods.
Few hospitality establishments require specialized cleaning services for carpets, curtains, and delicate fabrics. Dry cleaners catering to the tourism sector can offer these specialized services, expanding their market reach. As sustainability becomes a priority in the tourism industry, there's an increasing demand for eco-friendly laundry services. Dry cleaners adopting eco-friendly and green cleaning methods can attract more hospitality clients.
| Attributes | Key Insights |
|---|---|
| Dry-cleaning and Laundry Services Market Estimated Size (2023E) | USD 74.8 billion |
| Dry-cleaning and Laundry Services Market Projected Valuation (2033F) | USD 147 billion |
| Value-based CAGR (2023 to 2033) | 7.0% |
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The global dry-cleaning and laundry services market experienced growth at 8.5% CAGR during the historical period from 2018 to 2022. Sales are estimated to propel at a 7.0% CAGR. It created a revenue of USD 69.3 billion in the base year 2022.
| Historical CAGR of Dry-cleaning and Laundry Services Market (2018 to 2022) | 17.6% |
|---|---|
| Historical Value of Dry-cleaning and Laundry Services Market (2022) | USD 15.7 billion |
The global dry-cleaning and laundry services market has been experiencing growth owing to changing fashion trends. Fashion trends often feature delicate and high-maintenance fabrics such as silk, lace, and sequins. These materials require special care and are more likely to be dry-cleaned, increasing the demand for dry-cleaning services.
Fast fashion trends can lead to people wearing garments for shorter periods, resulting in more frequent laundering needs. This can boost demand for laundry services, especially for everyday clothing items. As sustainability becomes a key concern in the fashion industry, consumers may invest in high-quality, long-lasting clothing that requires special care. This could lead to an uptick in dry-cleaning services.
Revivals of vintage and retro fashion can involve clothing items that are old and more delicate. Dry cleaning may be necessary to restore and maintain these pieces. Fashion trends often dictate formalwear choices, typically dry-cleaned before and after use. Seasonal events like weddings, proms, and holidays can drive demand for dry-cleaning services.
Certain professions and industries require specific uniforms or workwear. These items are often dry-cleaned to maintain a professional appearance, contributing to steady demand. As consumers become more aware of fabric care requirements, they may opt for dry-cleaning or professional laundering to preserve the quality of their clothing, influenced by fashion trends that emphasize longevity and quality.
Fashion trends can lead to increased purchases of designer clothing, which often come with care instructions that recommend dry-cleaning. This can drive demand for premium dry-cleaning services. Fashion trends related to outerwear, such as fur or leather jackets, often necessitate specialized cleaning services, further boosting demand.
Green and Sustainable Practices:
The industry has been witnessing a shift towards eco-friendly and sustainable cleaning methods. Consumers are increasingly looking for services that use environmentally friendly detergents and processes.
Digital Transformation:
Dry-cleaning and laundry businesses have adopted digital technologies for customer engagement, scheduling, and payment processing. Mobile apps and online platforms have become common, offering convenience to customers.
On-Demand Services:
The rise of on-demand laundry and dry-cleaning services has been notable, with companies providing pickup and delivery options. The COVID-19 pandemic accelerated this trend as people sought contactless services.
Specialized Services:
Businesses must diversify by offering specialized services catering to specific customer needs, including shoe repair, leather cleaning, or bridal gown preservation.
Subscription Models:
Subscription-based laundry and dry-cleaning services have gained popularity. Customers can subscribe to regular pickup and cleaning services, simplifying their laundry routines.
Health and Hygiene:
With heightened awareness of health and cleanliness due to the pandemic, customers expect stringent hygiene measures in these facilities. Sanitization and disinfection practices have become crucial selling points.
Technological Upgrades:
Investments in new, more efficient cleaning equipment and processes have been a trend, improving the quality and speed of services.
Consumer Preferences:
Changing lifestyles and work-from-home arrangements have influenced consumer laundry habits. Understanding and adapting to these preferences are important for business success.
Challenges Hindering Dry-cleaning and Laundry Market Growth
Environmental Concerns:
Dry cleaning often uses chemicals such as perchloroethylene (PERC), which are harmful to the environment and can contaminate soil and groundwater.
Health and Safety Regulations:
Compliance with strict health and safety regulations, especially chemical handling, can burden businesses.
Equipment Maintenance:
Dry-cleaning equipment requires regular maintenance and can be expensive to repair or replace.
Changing Fashion Trends:
Fashion trends can affect demand, with casual wear and home laundering becoming more popular, reducing the need for dry-cleaning services.
Seasonal Variations:
Demand for dry-cleaning services may fluctuate seasonally, with high demand during colder months and low demand in summer.
Technology Adoption:
More than the slow adoption of technology, such as online scheduling and payment systems, can make it difficult for businesses to compete effectively.
The given table provides revenue figures generated by the five leading countries in the global dry-cleaning and laundry market. The United States and China are expected to dominate the market during the forecast period. The United States is projected to reach USD 25.5 billion by 2033, followed by China, valued at USD 22.1 billion by 2033.
| Countries | Projected Value (2033) |
|---|---|
| United States | USD 25.5 billion |
| United Kingdom | USD 5.5 billion |
| China | USD 22.1 billion |
| Japan | USD 15.2 billion |
| South Korea | USD 8 billion |
The United States is projected to soar at 7.0% CAGR from 2023 to 2033. The United States dry-cleaning and laundry services market is set to reach about USD 25.5 billion by 2033. There is high competition among dry-cleaning and laundry businesses, especially in urban areas.
Consumer demand for convenient and eco-friendly services has increased, leading to business model changes. Several businesses have adopted technology for online booking, pickup and delivery services, and mobile payment options.
There is a growing emphasis on sustainable practices, such as using eco-friendly solvents and reducing water and energy consumption. The industry is subject to regulations related to environmental compliance and worker safety.
During the assessment period, the United Kingdom is set to expand at 7.3% CAGR in the dry-cleaning and laundry services market. By 2033, the United Kingdom market size is expected to reach USD 5.5 billion. The market is driven by strong demand for convenient, high-quality laundry and dry-cleaning services, especially in urban areas.
High urbanization rates in cities such as London and Manchester have contributed to the growth of this industry as people seek time-saving solutions for laundry and garment care. Technology plays a role, with some companies offering mobile apps for scheduling and delivery services, making it more convenient for customers.
The industry has a growing trend towards eco-friendly practices, including green cleaning solutions and energy-efficient equipment. Consumers are increasingly conscious of sustainability, which has led some businesses to adopt more sustainable practices, such as water recycling and reduced chemical usage.
China is poised to expand at a CAGR of 7.4% between 2023 and 2033. Revenue generated by the dry-cleaning and laundry services market will likely be worth USD 22.1 billion by 2033.
Several laundry businesses in China have adopted technology, including mobile apps for convenient scheduling and payment, enhancing customer experience. Franchise models are popular in the Chinese laundry market, allowing for the rapid expansion of chains and branding.
The Chinese government has introduced regulations to improve the quality and safety of laundry services, which may affect industry practices. Chinese dry-cleaning and laundry services market has significant growth potential, especially in tier-2 and tier-3 cities where demand is rising.
Japan is anticipated to reach a total of USD 15.2 billion by 2033. The dry-cleaning and laundry services market in Japan will likely surge at 8.1% CAGR from 2023 to 2033. The market is driven by the high urbanization rate in Japan, with people living in apartments and small living spaces, leading to a reliance on professional laundry services.
Japan is known for its technological advancements, reflected in the dry-cleaning sector, where modern, eco-friendly, and efficient machines are used. Environmental awareness has led to the adoption of more sustainable and eco-friendly practices in the industry, including using biodegradable detergents and energy-efficient equipment.
Several businesses in this sector have embraced digital platforms for booking, payment, and customer communication, enhancing convenience. Only some businesses specialize in cleaning certain items, such as wedding dresses, kimono, or delicate fabrics, catering to niche markets.
South Korea will likely hit USD 8 billion by 2033 in the dry-cleaning and laundry services market. Between 2023 and 2033, sales are projected to grow at 8.4% CAGR. The industry has seen technological advancements, with several laundry services adopting eco-friendly and energy-efficient cleaning methods to meet environmental regulations.
Laundry and dry-cleaning businesses have embraced online platforms and mobile apps to provide convenient and contactless services, including scheduling pickups and deliveries. There's a growing trend towards eco-friendly practices, such as using green cleaning solvents and reducing water and energy consumption in the cleaning process.
Subscription-based laundry services have gained popularity, where customers can subscribe for regular laundry pickups and deliveries, making it convenient for busy individuals and families.
The table below gives an analysis of the different categories in the global dry-cleaning and laundry services market. The two categories, laundry and residential, are expected to lead the global market. Based on this analysis, the laundry division is forecast to expand at 6.8% CAGR between 2023 and 2033. On the other hand, the residential segment is likely to grow at a 6.5% CAGR from 2023 to 2033.
| Category | Laundry |
|---|---|
| Value-based CAGR (2023 to 2033) | 6.8% |
By services, the laundry division is set to witness a 6.8% CAGR from 2023 to 2033. The laundry division is anticipated to lead the global dry-cleaning and laundry services market throughout the forecast period.
Laundry services often offer cost-effective solutions compared to dry-cleaning. It will help make them more attractive to a broader customer base, especially in price-sensitive markets. The laundry segment might focus on eco-friendly practices, such as using less water and fewer chemicals, which can appeal to environmentally conscious consumers.
Laundromats and self-service laundry facilities are easily accessible, allowing customers to do their laundry conveniently. This accessibility could give the laundry segment an edge. Integrating technology for scheduling, online booking, and mobile payment options can enhance the customer experience and attract tech-savvy consumers.
| Category | Residential |
|---|---|
| Value-based CAGR (2023 to 2033) | 6.5% |
In terms of application, the residential division is set to witness a 6.5% CAGR from 2023 to 2033. During the forecast period, this segment will likely gain prominence in the global dry-cleaning and laundry services market. Residential customers often seek hassle-free laundry solutions, which drive them towards professional services rather than doing it themselves.
As more people move to urban areas, the demand for laundry services increases due to limited space and time for home laundry facilities. The rise of on-demand laundry apps and online platforms has made it easier for residential customers to access and schedule laundry services.
Several residential customers are looking for eco-friendly and sustainable laundry options, which professional services can provide. Dry cleaners and laundry services can offer specialized treatments and better quality results than home laundry.
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Key manufacturers look to expand their presence by opening new locations or franchising domestic and international brands. They are also implementing advanced technology for improved efficiency and customer experience. It includes mobile apps for scheduling and payment processing, and eco-friendly cleaning methods.
Key Players in the Dry-cleaning and Laundry Services Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 74.8 billion |
| Projected Market Valuation (2033) | USD 147 billion |
| Value-based CAGR (2023 to 2033) | 7.0% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD billion/million) and Volume (MT) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, Canada, United Kingdom, Belgium, Nordic, Poland, Russia, Japan, South Korea, China, Netherlands, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Service, Application, Region |
| Key Companies Profiled | Alliance Laundry Systems LLC; The Huntington Company; ZIPS Dry Cleaners; Alsco Pty Limited; Rinse, Inc. |
The global dry-cleaning and laundry services market might reach USD 74.8 billion in 2023.
The demand for dry-cleaning and laundry services will likely surge at 7.0% CAGR through 2033.
The target market will likely reach USD 147 billion by 2033.
Alsco Pty Limited, Rinse, Inc., etc. are top dry-cleaning and laundry services providers.
Rising demand for subscription-based services will likely drive demand during the forecast period.
| Estimated Industry Size in 2024 | USD 12,368.6 million |
|---|---|
| Expected Industry Size by 2034 | USD 19,675.7 million |
| Forecasted CAGR (2024 to 2034) | 4.8% |
| Market Estimated Size (2024) | USD 3,168.2 million |
|---|---|
| Market Anticipated Forecast Value (2034) | USD 4,523.8 million |
| Market Projected CAGR (2024 to 2034) | 3.6% |
| Expected Market Value (2023) | USD 103.6 billion |
|---|---|
| Projected Forecast Value (2033) | USD 180.3 billion |
| Anticipated CAGR (2023 to 2033) | 5.7% |
| Expected Market Value (2023) | USD 37.7 million |
|---|---|
| Anticipated Forecast Value (2033) | USD 50.66 million |
| Projected Growth Rate (2023 to 2033) | 3% CAGR |
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