Industry: Consumer Goods
Published Date: January-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 225
Report ID: PMRREP33936
The U.S. market for laundry facilities and dry-cleaning services is forecast to expand at a CAGR of 5.4% and thereby increase from a value of US$ 11.5 Bn in 2023 to US$ 16.6 Bn by the end of 2030.
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Attributes |
Key Insights |
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Market Size (2023E) |
US$ 11.5 Bn |
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Projected Market Value (2030F) |
US$ 16.6 Bn |
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Market Growth Rate (CAGR 2023 to 2030) |
5.4% |
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Historical Market Growth Rate (CAGR 2018 to 2022) |
4.9% |
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Revenue Share of Top Four Countries (2022E) |
48% |
Laundry facilities and dry cleaning services encompass businesses that provide laundering and dry cleaning solutions for garments and textiles. Laundry facilities typically handle regular washing, drying, and folding of clothes using commercial-grade machines. Dry cleaning services involve specialized cleaning processes that use chemical solvents instead of water, suitable for delicate or dry-clean-only garments. These services often offer additional amenities such as ironing, stain removal, and garment alterations. Catering to both individual and commercial clients, laundry facilities and dry cleaning services play a crucial role in maintaining the cleanliness and longevity of various fabrics and garments, offering convenience to those seeking professional garment care solutions.
Laundry facilities and dry cleaning services are growing due to various factors. Changing lifestyles, busier schedules, and increased urbanization have led to a rising demand for convenient and time-saving solutions in garment care. Professional laundering and dry cleaning services offer efficiency, ensuring proper cleaning and maintenance of diverse fabrics. The industry's growth is also fuelled by the increasing focus on hygiene and cleanliness. Additionally, as more individuals and businesses prioritize outsourcing laundry tasks, these services provide a valuable solution. Innovations in eco-friendly cleaning practices and the use of technology for order processing and delivery further contribute to the sector's expansion. Overall, the U.S. Laundry Facilities And Dry-Cleaning Services Market is thriving by addressing evolving consumer needs for efficient and quality garment care solutions.
Rise of On-Demand Services Is a Significant Driver
The rise of on-demand services is a significant driver for Laundry Facilities and Dry Cleaning Services, aligning with evolving consumer preferences for convenience and flexibility. On-demand platforms allow customers to schedule pickups and deliveries at their convenience, eliminating the need for traditional in-person visits to laundry facilities. This model caters to busy lifestyles, offering time-saving solutions for individuals and families. The ease of app-based scheduling, digital communication, and flexible service options contribute to the growing popularity of on-demand laundry services. As consumers prioritize convenience and seek hassle-free solutions, the on-demand model plays a pivotal role in shaping the contemporary landscape of laundry facilities and dry cleaning services.
Rising busy lifestyles are a compelling driver for Laundry Facilities and Dry Cleaning Services as individuals and families seek time-saving solutions. In the face of hectic schedules, many consumers find outsourcing laundry tasks to be a convenient and efficient way to manage their responsibilities. Professional laundry services allow people to reclaim valuable time that would otherwise be spent on washing and ironing, catering to the demands of modern, fast-paced lifestyles. The convenience offered by these services, including pick-up and delivery options, resonates with individuals striving to balance work, personal commitments, and leisure. As busy lifestyles become more prevalent, the demand for accessible and time-efficient laundry solutions continues to grow.
Regulatory Compliance & Environmental Concerns
Environmental concerns act as a significant restraint for Laundry Facilities and Dry Cleaning Services due to the industry's ecological impact. Traditional dry cleaning processes involve the use of harsh chemicals, such as perchloroethylene, contributing to soil and water pollution. Eco-conscious consumers increasingly seek sustainable and non-toxic alternatives. The disposal of chemical waste from dry cleaning operations poses challenges in adhering to environmental regulations. Moreover, energy-intensive laundering processes may contribute to the carbon footprint. As awareness of environmental issues grows, the industry faces pressure to adopt greener practices, such as eco-friendly detergents, water-saving technologies, and energy-efficient machines. Adapting to these concerns is crucial for Laundry Facilities and Dry Cleaning Services to align with evolving consumer preferences and regulatory standards.
Cost Sensitivity is Hindering Market
The growing cost of production presents a challenge for Laundry Facilities and Dry Cleaning Services due to various factors. Fluctuating prices of cleaning chemicals, energy costs, and labor expenses contribute to the overall operational expenditure. Additionally, investments in advanced machinery, eco-friendly cleaning practices, and technology integration can further increase production costs. As consumer expectations rise, maintaining service quality and offering additional amenities can also drive up expenses. Laundry Facilities and Dry Cleaning Services face the ongoing challenge of balancing competitive pricing with the need for sustainable practices and quality service. Managing these cost pressures while meeting customer demands for convenience and environmental responsibility is crucial for sustained growth in this competitive industry.
Leveraging Smart Technology Integration to Propose Great Promise
Technology integration offers a significant opportunity in Laundry Facilities and Dry Cleaning Services by enhancing operational efficiency, customer experience, and sustainability. Implementing advanced laundry management software enables streamlined order processing, scheduling, and inventory control. Additionally, incorporating eco-friendly and energy-efficient technologies contributes to a more sustainable operation. Online platforms and mobile apps facilitate seamless customer interactions, offering features like real-time order tracking and digital payment options. Automation in cleaning processes, such as garment sorting and quality control, improves overall productivity. As consumers increasingly seek convenience and transparency, technology integration becomes a competitive advantage, providing Laundry Facilities and Dry Cleaning Services with opportunities for growth, customer retention, and differentiation in the evolving market landscape.
Online and mobile platforms represent a significant opportunity in the U.S. Laundry Facilities And Dry-Cleaning Services Market due to their potential to enhance customer convenience and accessibility. The integration of user-friendly apps and online platforms enables customers to schedule pickups, track orders, and make payments seamlessly. In a fast-paced digital era, this technology-driven approach caters to the preferences of modern consumers who seek efficient and tech-savvy solutions. By providing a hassle-free and transparent experience, businesses can attract and retain a broader customer base. Additionally, such platforms enable the implementation of loyalty programs, subscription models, and targeted marketing strategies, contributing to customer retention and overall business growth in a competitive market landscape.
Which Type Are Expected to Benefit the Most from Revenue Generation?
Extensive Sales Coin Operated Services Due to Their Widespread Accessibility and Cost-Effectiveness
Coin Operated Services have captured the largest market share in Laundry Facilities and Dry Cleaning Services due to their widespread accessibility and cost-effectiveness. These services offer a self-service model where users can independently operate machines by inserting coins or tokens, providing a convenient and straightforward option for customers. Coin-operated laundries cater to a diverse customer base, including students, apartment dwellers, and individuals seeking affordable and quick solutions for garment care. The simplicity of the coin-operated model, coupled with its 24/7 availability, appeals to a broad demographic, contributing to its dominance in the market. This approach aligns with the growing demand for accessible and economical laundry solutions, making Coin Operated Services the preferred choice in the Laundry Facilities and Dry Cleaning Services market.
What Mode of Industry Will Be Targeted the Most for Installations?
Highest Percent Share Attributed to Store Pick-up Delivery Mode Owing to its Convenience and Time-Saving Benefits
Store Pick-Up Delivery mode of operation has captured the largest market share in Laundry Facilities and Dry Cleaning Services due to its convenience and time-saving benefits. This model allows customers to schedule a pick-up of their garments from a designated location and have them delivered back after cleaning. It caters to the increasing demand for hassle-free services, especially among busy urban populations. Store Pick-Up Delivery aligns with the contemporary consumer's preference for seamless and contactless experiences. Additionally, it facilitates efficient management of orders, providing customers with a reliable and customized laundry solution. As a result, Store Pick-Up Delivery has become a preferred mode of operation, reflecting its dominance in meeting evolving customer expectations in the Laundry Facilities and Dry Cleaning Services market.
Region's Robust Economy, Urbanization, and Fast-Paced Lifestyle Have Increased the Demand for Convenient and Timesaving Services
North America captured the largest market share in Laundry Facilities and Dry Cleaning Services due to several factors. The region's robust economy, urbanization, and fast-paced lifestyle have increased the demand for convenient and time-saving services. Rising disposable incomes contribute to a higher willingness to spend on professional laundry services. Additionally, a cultural shift towards outsourcing domestic chores and a busy workforce seeking efficient solutions further drive the industry's growth. Advanced technology adoption and the presence of well-established laundry service providers also contribute to North America's dominance in this market, making it the preferred choice for consumers seeking reliable and convenient laundry and dry cleaning solutions.
The future of U.S. Laundry Facilities And Dry-Cleaning Services Market is poised for innovation and transformation. Advancements in technology, such as automation, AI-driven systems, and eco-friendly practices, will streamline operations, enhance efficiency, and reduce environmental impact. The industry will likely witness a surge in on-demand services, with mobile apps and digital platforms offering personalized and convenient solutions. Sustainable practices, including water and energy conservation, will become increasingly important, aligning with the global trend towards eco-conscious living. Furthermore, the integration of smart textiles and fabrics that require specialized care will drive demand for specialized services. As consumer preferences evolve, the sector will adapt to provide not only cleanliness but also a seamless and environmentally responsible experience, ensuring continued growth and relevance in the coming years.
Supply-side Dynamics
The demand-supply dynamics in Laundry Facilities and Dry Cleaning Services are influenced by urbanization, changing consumer lifestyles, and increased awareness of hygiene. The current pricing structure is shaped by factors like service quality, convenience, and sustainability. Competitive pricing strategies, including subscription models and package deals, impact market share. Long-term growth will hinge on pricing strategies that balance affordability with added value services. Major trends driving competition include technological innovation, eco-friendly practices, and personalized customer experiences. In the supply chain, efficient logistics and partnerships with suppliers of eco-friendly detergents and equipment are crucial. As the industry evolves, streamlined supply chains and sustainable sourcing will be vital for maintaining competitiveness and meeting the growing demand for environmentally conscious laundry services.
The competitive landscape of U.S. Laundry Facilities And Dry-Cleaning Services Market is dynamic, marked by a mix of established players and emerging startups. Major companies such as Procter & Gamble, The Clorox Company, and Unilever compete with local and regional service providers. Technology-driven platforms like mobile apps and online portals are reshaping the industry, offering convenience and accessibility. Sustainability and eco-friendly practices are becoming key differentiators, influencing consumer choices. Strategic partnerships, mergers, and acquisitions are prevalent as companies seek to expand their service portfolios and geographic reach. Continuous innovation, quality service, and a focus on customer experience are critical for success in this competitive market, where adaptability to evolving consumer trends is essential for sustained growth.
New Product Launch
LG Electronics has unveiled the Signature Washer-Dryer, combining a high-capacity drum washing machine with an inverter heat pump dryer. This innovative product seamlessly performs both washing and drying functions. With a 25 kg washing capacity and a 13 kg drying capacity, the appliance also features a 4 kg mini-wash option at the bottom for added versatility.
Market Impact: LG's Signature Washer-Dryer introduction could significantly impact the U.S. Laundry Facilities And Dry-Cleaning Services Market. This innovative appliance, with dual washing and drying capabilities, addresses consumer needs for efficiency and space-saving solutions. Laundry service providers may need to adapt their services to accommodate the growing trend of advanced home laundry appliances, emphasizing convenience and additional features to remain competitive in the evolving market. Additionally, businesses might explore partnerships with appliance manufacturers or consider offering services that complement the features of such advanced home laundry systems.
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Attribute |
Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
By Type:
By Mode of Operation:
By Countries:
To know more about delivery timeline for this report Contact Sales
CSC Service Works Inc.
Lapels Dry Cleaning
Yates Dry Cleaning & Laundry Services
ByNext
Martinizing Dry Cleaning
Angelica Corporation
Tide Cleaners
Rinse, Inc.
ZIPS Cleaners
The Huntington Company
Alsco Pty Ltd.
Alliance Laundry Systems LLC.
The market is anticipated to grow at a CAGR of 5.4% during the projected period.
The Laundry Facilities and Dry Cleaning Services Industry analysis in United States market was valued at USD 11,533.7 million in 2023.
The US held the largest market share in 2023.
The prominent players in the market are CSC Service Works Inc., Lapels Dry Cleaning, Yates Dry Cleaning & Laundry Services, ByNext, Martinizing Dry Cleaning, Angelica Corporation, Tide Cleaners, Rinse, Inc., ZIPS Cleaners, The Huntington Company, Alsco Pty Ltd., Alliance Laundry Systems LLC., GSK plc.; , Shangxian Minimal Invassive Inc., INTROMEDIC, Medtronic, FUJIFILM Holdings Corporation and Olympus Corporation among others.
Retail Laundry or Dry Cleaning segment is expected to grow at the fastest growth during the forecast period.
