Global Dry-cleaning and Laundry Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dry-cleaning and Laundry Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Dry-cleaning and Laundry Services market finds that the global Dry-cleaning and Laundry Services market reached a value of USD 51833.48 million in 2022. It’s expected that the market will achieve USD 71679.07 million by 2028, exhibiting a CAGR of 5.55% during the forecast period.

Limitations

Consumer preferences for home washing
In many countries and regions, especially in developing countries, most people are still used to the way of home laundry. This is partly because the lower disposable income is less affordable for laundry services. On the other hand, households with higher income levels will choose cleaners to provide laundry services. Moreover, many people do not have a high level of awareness of dry cleaning and laundry services, and have problems such as poor cleaning and high costs. These reasons have limited the expansion of the market for dry cleaning and laundry services.
Increased operating costs
The dry cleaning and laundry service industry is a labor-intensive industry. The increase in minimum wages worldwide and a shortage of skilled human resources will increase the operating costs of the dry cleaning and laundry service industry. The increase in real estate rent prices will increase the initial investment funds of operators. These reasons have squeezed profit margins in the dry cleaning and lotion services industry.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects

Company Overview:

The top three companies are CSC ServiceWorks, Cleantopia, Rinse, Inc with the revenue market share of 0.15%, 0.06% and 0.02% in 2019.

CSC Serviceworks, Inc. provides laundry equipment services. The Company leases coin and debit card operated laundry machines for multi-family apartment buildings, university residence halls, and related residential complexes.

Cleantopia Co., Ltd. was founded in 1986. The Company's line of business includes laundry and garment services.

Segmentation Overview:

Among different product types, Wet Cleaning Machine segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Dry-cleaning and Laundry Services market covered in Chapter 3:

Edaixi
Cleantopia
Laundrapp Ltd
Huntington
DRYV
PML Solutions Pvt
Wassup
CLEANLY
CSC ServiceWorks
Zipjet Ltd.
FlyCleaners
Rinse，Inc
LaundryGo
Mulberrys LLC.

In Chapter 4 and Chapter 14.2, on the basis of types, the Dry-cleaning and Laundry Services market from 2018 to 2029 is primarily split into:

Wet Cleaning Machine
CO2 Washing Machine
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dry-cleaning and Laundry Services market from 2018 to 2029 covers:

Hospital
Hotel
Residential
School
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)