Global Retail Laundry Services Market Growth (Status and Outlook) 2024-2030
Retail Laundry Services market size was valued at US$ 35500 million in 2023 and is estimated to reach US$ 52030 million by 2030 with a CAGR of 5.6% during review period.
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According to Publisher’s latest study, the global Retail Laundry Services market size was valued at US$ 35500 million in 2023. With growing demand in downstream market, the Retail Laundry Services is forecast to a readjusted size of US$ 52030 million by 2030 with a CAGR of 5.6% during review period.
Market Overview
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The research report highlights the growth potential of the global Retail Laundry Services market. Retail Laundry Services are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Retail Laundry Services. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Retail Laundry Services market.
Hakuyosha Japan, Tide Cleaners and Rinse, Inc. are the top 3 companies in retail laundry services market. Geographically speaking, Asia-Pacific holds over 40% of global market share. In terms of type, washing segment holds over 80% of total market share. In terms of service, self-service Laundry and drop-off Laundry account for over 80% of total markets share in total.
Key Features:
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Manmayi Raval
Research Consultant
Market Drivers: Growing Urbanization: As a result of cramped living quarters and hectic lifestyles brought on by this trend, there is an increasing need for efficient laundry services.
Busy Lives: Due to the hectic pace of modern life, particularly in cities, there is less time for household tasks like washing, which increases the need for professional laundry services.
Growing disposable Incomes: As disposable income rises, consumers are able to spend more on professional laundry care and other outsourced services.
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Technological Innovations: Increasing client happiness and service efficiency are innovations like automated laundry machines, smartphone apps for on-demand laundry services, and environmentally friendly cleaning products.
Corporate Demand: The market is expanding because to a rise in demand for laundry services, such as linen and uniform washing, from corporate clients.
Extension of Laundromats: People without access to in-home laundry facilities can now easily take care of their laundry needs thanks to the growth of self-service laundromats, particularly in urban and suburban regions.
Challenges: High Operational Costs: The high expenses of operating a laundry service, such as labor, utilities, and equipment, can have an effect on profitability.
Environmental Concerns: Using traditional dry cleaning and washing methods has a negative influence on the environment, which makes it necessary to embrace eco-friendly practices.
Intense Competition: There is fierce competition in the industry as many big and small companies compete for market share, which puts pressure on prices.
Quality and Consistency: For laundry service companies, maintaining a consistent level of service quality and successfully managing client complaints can be difficult.
Economic Uncertainty: Shifts in the economy can have an impact on how much consumers spend on non-essential services like dry cleaning.
Market Forecasts and Future Outlook: Due to growing urbanization, hectic lives, and technological improvements, the worldwide retail laundry services market is predicted to rise rapidly between 2024 and 2030. Sustained growth will need addressing issues like high operating costs and environmental concerns. There are plenty of chances in this business to innovate, grow into new markets, and implement environmentally sustainable methods.
Opportunities: Adoption of Eco-Friendly Practices: Investing in environmentally friendly and sustainable cleaning products and technology can both satisfy legal requirements and draw in customers who care about the environment.
Expansion into Emerging Markets: There is a lot of room for expansion when entering emerging markets, where there is a rising need for convenient services and a growing urban population.
Technological Innovations: By utilizing technology, one can improve client experience and operational efficiency. Examples of this include automated laundry machines, mobile apps for scheduling services, and AI-driven logistics.
Personalization and Customization: Providing customized clothing care and subscription plans, along with other personalized and customizable laundry services, can increase consumer satisfaction and loyalty.
relationships and Collaborations: Establishing business growth and market penetration can be facilitated by forming strategic relationships with hotels, healthcare facilities, and corporate clients.
Improved Marketing Techniques: Using social media and running focused advertising campaigns can raise company awareness and draw in new clients.
Market Segmentation:
Retail Laundry Services market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
1. Segmentation by type
• Dry Cleaning
• Washing
2. Segmentation by application
• Drop-off Laundry
• Self-service Laundry
• Pickup Laundry Service
Regional Insight: North America: Due to its high disposable income, hectic lifestyle, and widespread use of on-demand washing services, North America leads the industry. With a significant number of organized laundry service providers, the United States plays a significant role.
Europe: Europe is right behind, led by nations like the United Kingdom, Germany, and France. The area is known for its superior and environmentally friendly laundry products.
Asia-Pacific: Due to the region's growing urbanization, rising disposable incomes, and the spread of on-demand services and laundromats, this region is predicted to experience the most increase. Japan, China, and India are important markets.
Latin America: Due to rising urbanization and economic development, the region's market is expanding gradually. Leading markets with growing demand for professional washing services are Mexico and Brazil.
Middle East and Africa: Due to economic diversification, urbanization, and rising service sector investments, the Middle East and Africa region offers growth prospects.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Rinse, Inc.
• Tide Cleaners
• Hakuyosha Japan
• Comet Cleaners
• ZIPS Franchising LLC
• Cleantopia
• E&R Laundry and Dry Cleaners
• ByNext
• Johnsons Cleaners
• Timpson
• 24tidy.com Incorporated.
• Rongchang Yaohua Network Technology (Beijing) Co., Ltd.
• Qingdao Jieshen Washing Co., Ltd.
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Retail Laundry Services Market Size 2019-2030
2.1.2 Retail Laundry Services Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Retail Laundry Services Segment by Type
2.2.1 Dry Cleaning
2.2.2 Washing
2.3 Retail Laundry Services Market Size by Type
2.3.1 Retail Laundry Services Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Retail Laundry Services Market Size Market Share by Type (2019-2024)
2.4 Retail Laundry Services Segment by Application
2.4.1 Drop-off Laundry
2.4.2 Self-service Laundry
2.4.3 Pickup Laundry Service
2.5 Retail Laundry Services Market Size by Application
2.5.1 Retail Laundry Services Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Retail Laundry Services Market Size Market Share by Application (2019-2024)
3 Retail Laundry Services Market Size by Player
3.1 Retail Laundry Services Market Size Market Share by Players
3.1.1 Global Retail Laundry Services Revenue by Players (2019-2024)
3.1.2 Global Retail Laundry Services Revenue Market Share by Players (2019-2024)
3.2 Global Retail Laundry Services Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Retail Laundry Services by Regions
4.1 Retail Laundry Services Market Size by Regions (2019-2024)
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