Global Laundry Services Market Report and Forecast 2024-2032

Global Laundry Services Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global laundry services market size reached a value of USD 62.21 billion in 2023. Aided by the rising demand for convenient laundry solutions and the growing shift towards professional cleaning services, the market is projected to further grow at a CAGR of 4.8% between 2024 and 2032 to reach a value of USD 94.87 billion by 2032.

Laundry services encompass a wide range of professional cleaning solutions, including dry cleaning, linen rental, and on-demand laundry platforms. These services cater to residential, commercial, and industrial sectors, with a focus on offering convenience, quality, and efficiency. With the increasingly busy lifestyles of consumers, there has been a significant rise in demand for outsourced laundry services, particularly in urban areas, as more people seek time-saving solutions.

The laundry services market growth is primarily driven by the increasing awareness of hygiene and cleanliness, which has become more pronounced since the COVID-19 pandemic. Consumers have become more cautious about sanitization, leading to heightened demand for laundry services that adhere to strict hygiene protocols. Additionally, the hospitality and healthcare industries, which require large volumes of linen and uniforms to be cleaned regularly.

The rise of on-demand laundry services, powered by mobile applications and online platforms, is another factor accelerating the market growth. These digital platforms provide consumers with the flexibility to schedule laundry pickups and deliveries at their convenience, increasing accessibility and customer satisfaction. Furthermore, the adoption of subscription-based laundry services is increasing, particularly among busy professionals and working families.

According to the laundry services market analysis, the commercial segment, which includes services for hotels, hospitals, and restaurants, is expected to account for a significant portion of the market. With the steady growth of the tourism and hospitality industries, there is a continuous demand for professional laundry services to maintain high standards of cleanliness and hygiene in these sectors. Similarly, in the healthcare industry, the need for frequent washing and sanitizing of linens and garments has increased due to stringent health and safety regulations.

One of the prominent laundry services market trends is the rise of eco-friendly and sustainable practices. With environmental concerns gaining traction globally, many laundry service providers are adopting greener processes, such as using energy-efficient washing machines, biodegradable detergents, and water recycling systems. This shift towards sustainable laundry solutions is not only improving operational efficiency but also attracting environmentally conscious consumers.

Despite the positive outlook, the market faces certain challenges. One of the key obstacles is the high operational costs associated with running large-scale laundry services, including labour, water, energy, and equipment maintenance costs. Additionally, the increasing competition among local and international players, particularly with the advent of on-demand laundry apps, is putting pressure on pricing strategies, affecting profit margins for service providers.

Another challenge is the growing trend of do-it-yourself (DIY) laundry solutions, as many consumers opt for in-house laundry machines due to convenience and cost savings. This trend, coupled with advancements in home laundry appliances, could negatively impact the laundry services market share, especially the residential segment.

The market is being driven by urbanization, rising consumer demand for convenience, and the expansion of digital platforms offering on-demand services. As more service providers integrate technology to enhance their customer experience and operational efficiency, the market is expected to witness greater innovation.

Moreover, with the increasing emphasis on sustainability, the market is likely to see further adoption of eco-friendly laundry practices, contributing to the laundry services market expansion. The rising preference for professional cleaning solutions in commercial and healthcare sectors will continue to play a pivotal role in the growth of the market.

Market Segmentation

The market can be divided based on type, end users, platform, and region.

Market Breakup by Type

• Self-Service Laundromats
• Wash and Fold Laundry Services

Market Breakup by End Users

• Residential
• Commercial

Market Breakup by Platform

• Web Based
• App Based
• Other Platforms

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global laundry services market. Some of the major players explored in the report by Expert Market Research are as follows:

• Rinse, Inc.
• ByNext, Inc.
• Laundryheap Limited
• Hamperapp LLC
• DobiQueen Solutions Pvt. Ltd.
• CSC ServiceWorks, Inc.
• WASHMEN LAUNDRY LLC.
• PML Solutions Pvt. Ltd.
• Rongchang Yao China Network Technology Beijing Co. Ltd.
• The Procter & Gamble Company
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.