Global Dry-Cleaning & Laundry Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Dry-Cleaning & Laundry Services Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global dry-cleaning & laundry services market has been segmented on the basis of services, application, as well as regions and countries.

Overview:

Dry-cleaning is very similar to conventional home laundering, but a liquid solvent is used to clean clothes instead of water and detergent. The solvent contains little or no water, hence the term, dry-cleaning. Laundry services pertains to the washing of fabrics with water, as well as ironing, pressing, folding, or starching of given fabrics. It is done by professionals in a commercial workspace.

Dynamics:

The steadily growing adoption of laundry & dry-cleaning services among individuals, these services are extremely convenient and can be availed at economic pricing are primary factors that are slated to significantly boost the revenue growth of the global dry-cleaning & laundry services market in the coming years.

Owing to hectic schedules in the day-to-day lives of most individuals, laundry and dry-cleaning services are a boon that most people wouldn’t mind spending on. Dry-cleaning & laundry services are also extremely reliable. Factors such as these are resulting in the robust proliferation of the global dry-cleaning & laundry services market.

The increasing popularity of on-demand laundry services, as they tend to follow a complete full-cycle approach to laundry, i.e., from the booking of a service, to the picking up of dirty laundry, to the delivery of said laundry back to a consumer, all while ensure strict adherence is paid to customer specific requests, is also expected to have a significant impact on the revenue growth of the global dry-cleaning & laundry services market in the foreseeable future.

However, the increasing implementation of technological innovations in modern washing machines and their subsequent decline in pricing is a major factor that may restrain the revue growth of this global market in the near future.

Segmentation of the global dry-cleaning & laundry services market is as follows:

On the basis of application, the residential application segment accounted for the highest number of revenue shares of the global dry-cleaning services market in 2019, and is also expected to continue to do so over the next decade. This can be attributed to the increasing number of working households, as well as a spike in the amount that individuals spend on their clothes, and the respective cleaning services required to maintain their condition. The commercial application segment is also expected to index considerable revenue growth in the coming years, due to the rapid expansion of end-user industries such as the hospitality sector, which heavily relies on the services of professional dry-cleaning & laundry organizations, for the day-to-day functioning of their respective businesses.

In terms of services, the laundry services segment accounted for the maximum number of revenue shares of the global dry-cleaning & laundry services market in 2019. The dry-cleaning services segment is also anticipated to index considerable revenue growth over the next 10 years, due to the increasing number of working professionals that wear ensembles which cannot be washed using conventional methods, and must be dry-cleaned instead.

Regional Segmentation and Analysis:

The markets in the Asia Pacific accounted for the highest number of revenue shares of the global dry-cleaning & laundry services market in 2019, and is expected to continue to do so over the next decade. This can be attributed to the increasing working class populations, as well as higher disposable incomes and spending on these services in this region. The markets in Europe and North America are also anticipated to index considerable revenue growth in the near future.

Segmentation of the Global Dry-Cleaning & Laundry Services Market:

Segmentation by Services:

• Laundry
• Dry Cleaning
• Duvet Clean

Segmentation by Application:

• Residential
• Commercial

Segmentation by Region:

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