Global Dry-cleaning and Laundry Services Market Size will Reach $71659.07 Million by 2028

Global Dry-cleaning and Laundry Services Market Overview

According to Global Market Monitor, the global dry-cleaning and laundry services market value will reach $71659.07 million by 2028 with a CAGR of 5.35% from 2023 to 2028.

Market Drivers

Since busy consumers are now prepared to pay for their laundry, dry-cleaning, and laundry services are growing in popularity as dependable, practical, and reasonably priced services. The market is also being propelled by the increasing employment and spending expenditure of people in economically developing regions, as well as the growth in the hospitality sector and rising franchising opportunities.

Technologically advanced Internet of Things-enabled cleaning appliances and smart washing machines are also contributing to the market's growth by providing more efficient services.There has been a notable shift in laundry practices among consumers, with a move away from home-based washing to coin-operated and on-demand services. This change is driven by a preference for convenience and time-saving measures, as individuals seek to juggle increasingly busy schedules. As a result, there is heightened demand for dry-cleaning and laundry services. The rising consumer awareness about environmental impact has created a demand for energy-efficient laundry services that utilize environment-friendly products and equipment. Companies such as The Laundry Room have seized this opportunity by incorporating eco-friendly practices into their business strategies, including the use of energy-efficient drying and washing machines as well as solar power.

Market Segment

North America was the largest region in the global dry-cleaning and laundry services market, accounting for 32.6% of the total in 2022. It was followed by the Asia-Pacific, Western Europe, and other regions.The emerging economies such as India and China, growing working population, and rising spending on dry-cleaning and laundry services are expected to drive the market during the forecast period. In Asia Pacific, China is expected to remain a prominent share owing to the presence of a large population pool looking for convenient and energy-efficient dry-cleaning and laundry services.

The residential application segment dominated the market in 2022 with a share of 41.6%. The expansion of the residential segment is anticipated to be fueled by an increase in the number of residential units and working professionals around the world, as well as increased spending on clothing and dry cleaning. In addition, rising consumer preference for professional cleaning services due to concerns over personal hygiene and cleanliness is predicted to fuel the expansion of the residential segment over the forecast period.

North America	Biggest Market Technology and Talent Advantages A Mature Industrial Chain	North America was the largest region, accounting for 32.6% of the total in 2022.
Europe	Big Market Technology Advantages
China	Strong Downstream Demand Constantly Improvement Economy
Japan	Strong Downstream Demand
Middle East & Africa	Potential Market
Korea	Potential Market
South America	Potential Market