Dry-Cleaning And Laundry Services Market Size, Share, Growth Analysis, By Service(Laundry, Dry Cleaning, and Duvet Cleaning), By Application(Residential, and Commercial), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031

Global Dry-Cleaning And Laundry Services Market size was valued at USD 69.30 billion in 2022 and is poised to grow from USD 74.15 billion in 2023 to USD 127.41 billion by 2031, growing at a CAGR of 7.0% in the forecast period (2024-2031).

Consumers are increasingly using dry-cleaning and laundry services because they provide convenience at a low cost, which is driving the dry-cleaning and laundry services market. Furthermore, increased consumer expenditure on such services is expected to boost market expansion during the forecast period. Everyone prefers to wear clean and neat clothes, but washing laundry regularly is a chore for the majority of customers. Because of their hectic lifestyles, many people are actively looking for dry-cleaning and laundry services to take care of their filthy garments.

Dry-cleaning and laundry services are gaining popularity as dependable and convenient services at a fair price since busy consumers are willing to pay for their laundry these days. During the projection period, these factors are projected to fuel demand for these services. Globally, the growing working population, together with rising spending on clothing and cleaning services, is likely to fuel demand for such services during the forecast period.

Laundry has seen a significant shift in the last few years, from washing clothing at home to using coin-operated washing machines to opt for on-demand services such as pick-up and drop-off. Consumers are valuing convenience and increasingly opting for dry-cleaning and laundry services to smoothen their everyday lives as a result of their hectic lifestyles.

US Dry-Cleaning And Laundry Services Market is poised to grow at a sustainable CAGR for the next forecast year.