The global dry-cleaning and laundry services market, valued at USD 69.3 billion in 2022, is expected to experience steady growth, reaching USD 74.8 billion in 2023. The market is forecast to expand at a 7.0% compound annual growth rate (CAGR) between 2023 and 2033, with demand projected to hit USD 147 billion by 2033, according to a new report by [Market Research Firm]. The growth of the market is largely driven by increasing demand from the hospitality and tourism sectors, changing fashion trends, and growing consumer preference for eco-friendly and technologically advanced services.
Key Drivers of Market Growth
- Hospitality and Tourism Demand: As global travel continues to recover post-pandemic, the hospitality industry—including hotels, resorts, and restaurants—requires a large volume of linens, towels, uniforms, and specialized textiles. This creates consistent demand for laundry and dry-cleaning services. The rising need for high-quality laundry services is particularly notable in seasonal tourist destinations, where dry cleaners see increased business during peak tourist seasons.
- Fashion Trends and Changing Consumer Preferences: Fashion trends, including the rise of delicate fabrics and fast fashion, have fueled demand for professional dry-cleaning services. Consumers are also increasingly opting for high-quality, long-lasting clothing that requires special care to maintain its quality, boosting the demand for dry-cleaning services. Additionally, the revival of vintage and retro fashion, which often requires delicate cleaning, is further driving market growth.
- Sustainability and Eco-Friendly Practices: Sustainability has become a major trend in the dry-cleaning and laundry services industry, with businesses adopting green cleaning methods to attract eco-conscious consumers. The demand for environmentally friendly laundry services is growing, particularly within the tourism and hospitality industries, where eco-friendly practices are a key differentiator.
- Technological Advancements: The dry-cleaning and laundry industry is undergoing a digital transformation, with businesses increasingly offering online booking, scheduling, and payment solutions. The rise of on-demand services, fueled by the demand for convenience, is another factor contributing to the growth of the market.
Regional Insights
- United States: The U.S. is expected to dominate the dry-cleaning and laundry services market, reaching a projected value of USD 25.5 billion by 2033. Consumer demand for convenient, eco-friendly services and the rise of subscription-based models have spurred growth. Technology adoption, including mobile apps for pickup and delivery services, has further enhanced customer convenience.
- China: With a projected market value of USD 22.1 billion by 2033, China is witnessing rapid growth in the dry-cleaning and laundry services market. The rise of urbanization, particularly in tier-2 and tier-3 cities, and increased demand for both traditional and eco-friendly laundry solutions are key growth drivers.
- United Kingdom: The U.K. market is poised to grow at a CAGR of 7.3% from 2023 to 2033, reaching USD 5.5 billion. The growing trend toward convenient, high-quality laundry services and the emphasis on eco-friendly practices are key market drivers.
- Japan: Japan’s market is expected to grow at a CAGR of 8.1%, reaching USD 15.2 billion by 2033. High urbanization rates and increasing reliance on professional laundry services, along with the adoption of modern, eco-friendly technologies, are key factors driving growth.
- South Korea: The dry-cleaning and laundry services market in South Korea is expected to hit USD 8 billion by 2033, with a CAGR of 8.4%. Subscription-based services and eco-friendly cleaning methods are among the primary drivers of market growth.
Competitive Landscape
Key manufacturers are focused on expanding their presence by opening new locations and franchising both domestic and international brands. To enhance efficiency and improve customer experience, they are also integrating advanced technologies, including mobile apps for scheduling and payment processing, as well as adopting eco-friendly cleaning methods.
Key Companies Profiled
Alliance Laundry Systems LLC
The Huntington Company
ZIPS Dry Cleaners
Alsco Pty Limited
Rinse, Inc.
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Dry-cleaning and Laundry Services Market Outlook by Category
By Services:
- Laundry
- Dry Cleaning
- Duvet Cleaning
By Application:
- Residential
- Commercial
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa
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