Rise in Working Population to Drive the Dry-Cleaning and Laundry Services Global Market: Ken Research
The dry cleaning and laundry services includes work associated to cleaning delicate clothes. The Dry-cleaning & laundry services also include the efficient cleaning of cloths by trained professionals or the experts in removing and cleaning of tough stains. The services further include pickup and delivery that saves money, time, and effort. The service providers are now offering the customized, customer-friendly, and affordable laundry services. Various e-commerce players within the market also are helping customers in availing online on-demand laundry services. The growing trend of availing online laundry services by customers has increased the activities of dry-cleaning and laundry services.
According to study, “Dry-Cleaning And Laundry Services Global Market Report 2019” the key companies operating in the global dry-cleaning and laundry services market are CSC Service Works, The Huntington Company, Enviro Star.
Based on type, dry-cleaning and laundry services market is segmented into linen and uniform supply, coin-operated laundries and drycleaners and dry-cleaning & laundry services. Based on sales channel, market is segmented into offline channel and online channel. In addition, based on end-user, market is segmented into residential dry-cleaning and laundry services and commercial dry-cleaning and laundry services. Residential dry-cleaning and laundry services segment dominates the market owing to increase in number of households with working members along with surge in spending on clothes and their cleaning. Additionally, commercial dry-cleaning and laundry services segment is expected to witness higher growth rate due to rapid expansion of the hospitality industry continuously seeking professional services to clean the duvets and clothes during the forecast period.
The introduction of smart-laundry technology is one among the main factors driving the expansion of the dry-cleaning and laundry services market size. The influx of smart technologies such as IoT and smart meters on washing machines has transformed the laundry business by making it cheaper and efficient for the users. Similarly, various sensors have now been installed on the washing machines provide deep insights into the key performance indicators within the washing process. These technological advancements are playing a big role within the expansion of the dry-cleaning and laundry services market size globally. However, lack of skilled professionals and therefore the low penetration of the laundry services in emerging economies are a number of the factors might hinder the expansion of the market.
On-demand laundry services are increasingly becoming popular as they follow efficient full cycle approach right from booking via app to select up, cleaning as per consumers’ instruction, and delivering washed clothes at scheduled timeframe. Consumers can even get to understand about the status of their clothes as they login to their app and obtain full details about delivery time. Moreover such services receiving appreciation by consumers as they provide outstanding services, offers, and high level of convenience to consumers.
Asia Pacific emerged as the largest region and is projected to lead over the forecast period as well. Presence of emerging economies, like 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. Europe is predicted to witness significant growth during the forecast period. The expansion is attributed to increasing income, including growing working population. In upcoming years, it is anticipated that future of the market will be bright owing to increase in consumer’s inclination towards professional cleaning service providers due to personal hygiene and cleanliness during the forecast period.
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Ankur Gupta, Head Marketing & Communications