Global Dry Cleaning and Laundry Services Market Report 2022

0

[ad_1]

ReportLinker

Major companies in the dry cleaning and laundry services market include Elis SA, Spotless Group Holdings Ltd., CSC Serviceworks Holdings Inc., Johnson Service Group, Downer EDI Limited, K Bro Linen Inc.

New York, 15 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Dry-Cleaning And Laundry Services Global Market Report 2022” – https://www.reportlinker.com/p06229734/?utm_source=GNW
Atlantic City Linen Supply LLC, Linen King LLC and Radiant Services Corporation.

The global dry cleaning and laundry services market is expected to grow from $104.23 billion in 2021 to $111.93 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $141.50 billion in 2026 at a CAGR of 6.0%.

The dry cleaning and laundry services market includes sales of dry cleaning and laundry services and related goods by entities (organizations, sole proprietorships and partnerships) that operate laundries and dry cleaners in self-service coin-operated or similar; provide dry cleaning and laundry services (except coin-operated); and/or provide, on a rental or contract basis, laundered items such as uniforms, robes and shop towels. Establishments in the dry cleaning and laundry services industry are primarily involved in the washing and/or cleaning of clothing and linens and include coin-operated laundromats and dry cleaners, dry cleaning services and laundry companies, linen suppliers and industrial launderers.

The main types of dry cleaning and laundry services are coin-operated laundries and dry cleaners, dry cleaning and laundry services (except coin-operated services), and supply of linen and uniforms. A coin-operated laundry or dry-cleaning business is a public place where customers can use customer-operated machines to wash or dry-clean clothes and other materials for a fee.

The various end users include commercial dry cleaning and laundry services, residential dry cleaning and laundry services, coin laundries and dry cleaners and available through various distribution channels such as offline, online .

The gradual shift in customer spending towards tourism is expected to have a positive impact on the hospitality industry over the forecast period, boosting the dry cleaning and laundry services market. In order to meet the growing demand from tourists, hotels are coming up with new business models where the rooms are available for multiple bookings in a single day.

This in turn should increase the number of times a linen is changed daily in a hotel room, thereby increasing the amount of linen to be washed after each change. This business model is expected to drive demand for dry cleaning and laundry services in the hospitality industry, where hotels prefer to use professional laundry to optimize operating time and maintain quality services.

Hence, growth in the hospitality industry is expected to drive the dry cleaning and laundry services market.

The coronavirus disease (COVID-19) outbreak has acted as a massive restraint in the dry cleaning and laundry services market in 2020 as the need for the services offered by these establishments has decreased due to the lockdowns imposed by governments around the world. infectious disease with flu-like symptoms including fever, cough and difficulty breathing.

The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia. Measures taken by national governments to contain transmission have resulted in lower economic activity as countries enter a state of ‘lockdown’ and the outbreak has negatively impacted businesses throughout 2020 and until 2021.

However, the dry cleaning and laundry services market is expected to recover from the shock throughout the forecast period as it is a “black swan” event and not related to persistent or fundamental weaknesses in the market or the global economy.

The use of cashless self-service laundries or coin-operated laundries and dry cleaning machines is growing worldwide. This growth is mainly due to the emergence of cards and other alternative electronic payment methods such as RFID contactless credit cards or NFC-enabled mobile wallets which provide a cost-effective alternative for handling cash and are also easy to use. .

Apart from that, cashless washing machines also offer relief from tedious cash management in laundries and secure solutions compared to cash machines, which have to be carefully monitored in case of theft. For example, companies such as “Texas Coin And Commercial Laundry” and “Lone Star Laundromat Services” based in Texas, USA are laundry service providers that have embraced cashless laundry services.

North America was the largest region in the dry cleaning and laundry services market in 2021. Asia-Pacific was the second largest region in the dry cleaning and laundry services market.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered by the dry cleaning and laundry services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia. , Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela and Vietnam.

Read the full report: https://www.reportlinker.com/p06229734/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001

[ad_2]
Source link

Share.

About Author

Comments are closed.