Dry Cleaning and Laundry Market Size
| Study Period | 2020-2029 |
| Market Size (2024) | USD 111.51 Billion |
| Market Size (2029) | USD 150.93 Billion |
| CAGR (2024 - 2029) | 6.24 % |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dry Cleaning and Laundry Market Analysis
The Dry Cleaning And Laundry Market size is estimated at USD 111.51 billion in 2024, and is expected to reach USD 150.93 billion by 2029, growing at a CAGR of 6.24% during the forecast period (2024-2029).
The dry cleaning and laundry market has been experiencing growth due 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 environmental sustainability becomes a major focus in the fashion industry, consumers are investing more in high-quality, durable apparel that requires extra care. This has led to a surge in dry cleaning services. There has been a significant change in laundry habits among consumers, from home-based washing to coin-operated and on-demand services. This change is driven by an inclination toward convenience and time-saving measures as individuals try to balance increasingly busy schedules. As a result, there is a greater need for the services provided by dry cleaners and laundry companies.
Dry Cleaning and Laundry Market Trends
Online Demand Washing Services is Driving the Growth of the Market
On-demand washing services have changed the business and received customer appreciation, providing exceptional services, deals, and a high level of consumer convenience. Many firms, such as Cleanly and Rinse, have already realized their enormous potential and are investing significantly to enhance their market positions. The surge in demand from the residential market accelerates the growth of the dry cleaning and laundry market.
The need for dry cleaning and laundry services in the home sector is increasing as a household necessity, as families, the elderly population, and double-income households are growing. Dual-revenue household members typically have little time or willingness to tidy up. Senior citizens are sometimes less capable than young individuals to perform cleaning duties, especially when an increasing proportion opts to stay in their homes. Residential dry cleaning and laundry services are also expected to profit from an accelerating increase in disposable personal income levels.
Asia-Pacific is Expected to Account for the Largest Market Size during the Forecast Period
The dry cleaning and laundry market is projected to be the largest in Asia-Pacific. The availability of labor at lower prices and the rising number of employed individuals are major drivers supporting the expansion of the laundry facilities and dry cleaning services industry in Asia-Pacific. Factors such as increased disposable income and lifestyle changes also increase the demand for laundry facilities and dry cleaning services.
The market is anticipated to be driven by factors such as burgeoning economies like India and China. Several laundry businesses in China, Japan, and India are known for their technological advancements, reflected in the dry cleaning sector, where modern, eco-friendly, and efficient machines are used. As a result of increased environmental consciousness, the industry has adopted more eco-friendly and sustainable methods, such as using energy-efficient machinery and biodegradable detergents.
The Chinese government has introduced regulations to improve the quality and safety of laundry services, which may affect industry practices. The Chinese dry cleaning and laundry market has significant growth potential, especially in tier-2 and tier-3 cities, with rising demand for the services.
Dry Cleaning and Laundry Industry Overview
The dry cleaning and laundry market is fragmented. The companies are focusing on various growth strategies, such as product innovations, expansions, and partnerships, to expand their presence across regions. The competitive landscape of the market is analyzed in the report. Some of the major players include The Huntington Company, ZIPS Dry Cleaners, Alsco Pty Limited, Rinse Inc., and Marberry Cleaners & Launderers Inc.
Dry Cleaning and Laundry Market Leaders
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The Huntington Company
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ZIPS Dry Cleaners
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Alsco Pty Limited
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Rinse, Inc.
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Marberry Cleaners & Launderers, Inc.
*Disclaimer: Major Players sorted in no particular order
Dry Cleaning and Laundry Market News
- April 2023: The supply chain assets of Pittsburg, California-based Taylor Houseman were purchased by Alliance Laundry Systems. Northern California's Taylor Houseman has over two decades of experience offering industrial washing solutions.
- November 2022: Room Service Laundry, a specialized on-demand laundry service with locations in Brooklyn and lower Manhattan, was acquired by Rinse Inc., the industry leader in laundry pickup and delivery services with dry cleaning capabilities.
- December 2022: Alsco Uniforms purchased 30 battery-electric step vans from Xos Inc., a prominent technological enterprise offering fleet services, software solutions, and the production of Class 5 through Class 8 battery-electric commercial vehicles. The 30 vehicles will be divided up and distributed across the laundry processing plants in California, which Alsco owns.
Dry Cleaning And LaundryMarket Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Advent of Smart Laundry Technologies to Spur Market Growth
- 4.2.2 Rise in Lodging Services and Travel Accommodation
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4.3 Market Restraints
- 4.3.1 Shortage of Skilled Human Resources
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4.4 Market Opportunities
- 4.4.1 Use of Technology in Laundry Facilities and Dry Cleaning Services
- 4.5 Value Chain Analysis
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4.6 Industry Attractiveness: Porter's Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights into Technological Advancements in the Industry
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Service
- 5.1.1 Laundry
- 5.1.2 Dry Cleaning
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5.2 By Application
- 5.2.1 Residential
- 5.2.2 Commercial
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Italy
- 5.3.2.6 Spain
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 The Huntington Company
- 6.2.2 ZIPS Dry Cleaners
- 6.2.3 Alsco Pty Limited
- 6.2.4 Rinse Inc.
- 6.2.5 Marberry Cleaners & Launderers Inc.
- 6.2.6 Tide Dry Cleaners (Procter & Gamble)
- 6.2.7 City Dry Cleaning Company
- 6.2.8 East Rand Cleaners
- 6.2.9 Cleanly
- 6.2.10 FlyCleaners*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityDry Cleaning and Laundry Industry Segmentation
The professional process of cleaning delicate garments is called drying cleaning and laundry services. The dry cleaning and laundry market is segmented by service, application, and geography. By service, the market is segmented into laundry and dry cleaning. By application, the market is segmented into residential and commercial. By geography, the market is segmented into Asia-Pacific, Europe, Middle East &Africa, North America, and South America. The report offers market size and forecasts for the dry cleaning and laundry market in value (USD) for all the above segments.
| By Service | Laundry | |
| Dry Cleaning | ||
| By Application | Residential | |
| Commercial | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | United Arab Emirates |
| South Africa | ||
| Rest of Middle East and Africa |
Dry Cleaning And LaundryMarket Research FAQs
How big is the Dry Cleaning And Laundry Market?
The Dry Cleaning And Laundry Market size is expected to reach USD 111.51 billion in 2024 and grow at a CAGR of 6.24% to reach USD 150.93 billion by 2029.
What is the current Dry Cleaning And Laundry Market size?
In 2024, the Dry Cleaning And Laundry Market size is expected to reach USD 111.51 billion.
Who are the key players in Dry Cleaning And Laundry Market?
The Huntington Company, ZIPS Dry Cleaners, Alsco Pty Limited, Rinse, Inc. and Marberry Cleaners & Launderers, Inc. are the major companies operating in the Dry Cleaning And Laundry Market.
Which region has the biggest share in Dry Cleaning And Laundry Market?
In 2024, the Asia Pacific accounts for the largest market share in Dry Cleaning And Laundry Market.
What years does this Dry Cleaning And Laundry Market cover, and what was the market size in 2023?
In 2023, the Dry Cleaning And Laundry Market size was estimated at USD 104.55 billion. The report covers the Dry Cleaning And Laundry Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Dry Cleaning And Laundry Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dry Cleaning And LaundryIndustry Report
Statistics for the 2024 Dry Cleaning And Laundry market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dry Cleaning And Laundry analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
