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US laundry facilities dry cleaning services market

U.S. Laundry Facilities Dry Cleaning Services Market Size, Share, Growth Analysis, By Form(Powder, Liquid, Other (sheet, pod)), By Type(Coin-operated, Retail Laundry/Dry Clean Services, Corporate/Industrial Laundry Services), By Application(Residential, Commercial, Industrial segment), By Region - Industry Forecast 2024-2031


Report ID: SQMIC25S2054 | Region: Country | Published Date: April, 2024
Pages: 157 | Tables: 91 | Figures: 76

U.S. Laundry Facilities Dry Cleaning Services Market Dynamics

US Laundry Facilities Dry Cleaning Services Market Driver

  • Technological advancements in the laundry industry, as well as the rise in urbanization, are expected to drive the growth of the US laundry facilities dry cleaning services market during the forecast period. Furthermore, growing popularity of cashless payment for coin-based laundry is expected to propel the dry-cleaning and laundry services market forward. Furthermore, the integration of smart meters and rising consumer adoption of dry-cleaning and laundry services as they provide convenience at a reasonable price are expected to drive growth of the US laundry facilities dry cleaning services market.

US Laundry Facilities Dry Cleaning Services Market Restraint

  • The logistics of an LDC (Laundry and Dry-Cleaning) business are quite different from that of a regular food delivery company or an e-commerce company. In this industry, the delivery executive must return to the customer's location twice for the same order. He must go to the customer's location for pickup and return the garments to the processing center. He should deliver the garments back to the customer once they have been processed. For a single order, the delivery executive must effectively visit the customer's location twice. If the customer wants to rewash the clothes, the logistics become even more complicated.
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US Laundry Facilities Dry Cleaning Services Market size was valued at USD 10.82 billion in 2019 and is poised to grow from USD 11.31 billion in 2023 to USD 15.48 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

The market is highly fragmented and competitive owing to the presence of a large number of unorganized players. The major corporations are actively channeling their efforts and pursuing growth strategies such as product innovation, online platform expansion, and others. A moderate level of capital investment is required to start a business. 'The Clorox Company', 'Ecolab Inc.', 'Procter & Gamble Co.', 'Unilever PLC', 'Henkel AG & Co. KGaA', 'Cintas Corporation', 'Aramark Corporation', 'Alliance Laundry Systems LLC', 'Dexter Laundry, Inc.', 'Continental Girbau Inc.', 'Whirlpool Corporation', 'Maytag Corporation', 'Electrolux AB', 'LG Electronics Inc.', 'Samsung Electronics Co. Ltd.', 'WASH Multifamily Laundry Systems LLC', 'Coinmach Corporation', 'CSC ServiceWorks Inc.', 'FMB Laundry, Inc.', 'Laundrylux Inc.'

Technological advancements in the laundry industry, as well as the rise in urbanization, are expected to drive the growth of the US laundry facilities dry cleaning services market during the forecast period. Furthermore, growing popularity of cashless payment for coin-based laundry is expected to propel the dry-cleaning and laundry services market forward. Furthermore, the integration of smart meters and rising consumer adoption of dry-cleaning and laundry services as they provide convenience at a reasonable price are expected to drive growth of the US laundry facilities dry cleaning services market.

Use of cashless self-service laundries or coin-operated laundries and drycleaner machines is growing across the world. This growth is primarily due to emergence of cards and other alternative electronic payment methods such as RFID contactless credit cards, or NFC enabled mobile wallets that provide a cost-effective alternative to handle cash and are also easy to use. Apart from this, cashless laundry machines also provide relief from painstaking cash management in laundries, and secure solutions over cash operated machines, which have to be carefully monitored for thefts.

The United States is the largest market for dry cleaning and laundry services. Rising internet penetration, increased smartphone use, and the introduction of mobile apps are expected to drive demand for online laundry services in the United States. Furthermore, the laundry facilities dry cleaning services market will benefit from the introduction of smart laundry technologies, which have the ability to increase the efficiency of laundry operations while lowering customer laundry service costs. In the coming years, the market will benefit from the hospitality sector's steady growth, increased franchising opportunities, and technological advancements. Growing female working population and the cost-effectiveness of laundry services are driving market growth in the United States.

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US laundry facilities dry cleaning services market

Report ID: SQMIC25S2054

$3,500
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