Laundry Facilities & Dry-Cleaning Services Market Analysis and Latest Trends
Laundry Facilities & Dry-Cleaning Services refer to establishments that provide laundry and dry-cleaning services to individuals and businesses. These services involve washing, drying, folding, and ironing clothes, as well as cleaning delicate fabrics using specialized techniques. The market for Laundry Facilities & Dry-Cleaning Services is expected to grow at a CAGR of 7% during the forecast period.
One of the key factors driving the growth of this market is the increasing demand for convenient and efficient laundry services among urban populations. As people lead busier lifestyles, they are turning to professional laundry services to save time and effort. Additionally, the rising awareness about the importance of hygiene and cleanliness in clothing is also contributing to the growth of the market.
Moreover, technological advancements in laundry equipment and processes are enabling service providers to offer faster and more effective cleaning solutions. For example, the use of eco-friendly detergents and energy-efficient machines is becoming increasingly popular among consumers.
Overall, the Laundry Facilities & Dry-Cleaning Services Market is expected to witness steady growth in the coming years, driven by the increasing demand for convenient and efficient laundry solutions.
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Laundry Facilities & Dry-Cleaning Services Major Market Players
The laundry facilities and dry-cleaning services market is highly competitive with several key players dominating the industry. CSC ServiceWorks, EnviroStar, Inc., Alliance Laundry Systems LLC, The Huntington Company, Yates Dry Cleaning & Laundry Services, LAVATEC LAUNDRY TECHNOLOGY GMBH, ZIPS Dry Cleaners, Angelica, Cleanly, and FlyCleaners are some of the prominent companies in this market.
CSC ServiceWorks is a leading provider of laundry solutions with a strong presence in North America. The company offers a wide range of services, including coin and card-operated machines, laundry room management services, and technology solutions for the laundry industry. EnviroStar, Inc. is another key player in the market, specializing in the distribution of commercial laundry and dry-cleaning equipment.
Alliance Laundry Systems LLC is a global leader in commercial laundry equipment, serving customers in over 140 countries. The company's brands include Speed Queen, UniMac, and Primus, offering a wide range of products for commercial laundry facilities. Angelica is a leading provider of healthcare linen services, catering to hospitals, clinics, and other healthcare facilities across the United States.
In terms of market growth, the laundry facilities and dry-cleaning services market is projected to expand steadily in the coming years due to the increasing demand for professional laundry services, growing urbanization, and the rise in disposable incomes. The market size is expected to reach USD 88.3 billion by 2027, with a CAGR of 4.3% from 2020 to 2027.
Sales revenue for some of the key players in the industry, such as CSC ServiceWorks and Alliance Laundry Systems LLC, is in the range of hundreds of millions of dollars annually. These companies continue to innovate and expand their offerings to meet the evolving needs of customers in the laundry facilities and dry-cleaning services market.
What Are The Key Opportunities For Laundry Facilities & Dry-Cleaning Services Manufacturers?
The global Laundry Facilities & Dry-Cleaning Services market is expected to experience steady growth in the coming years due to factors such as increasing demand for convenient laundry services, rising disposable income levels, and growing urbanization. The market is witnessing a shift towards more eco-friendly and sustainable practices, with a focus on using environmentally friendly detergents and processes. Furthermore, advancements in technology, such as the increasing use of mobile apps for scheduling laundry services, are expected to further drive the market growth. Overall, the future outlook for the Laundry Facilities & Dry-Cleaning Services market is positive, with opportunities for expansion and innovation.
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Market Segmentation
The Laundry Facilities & Dry-Cleaning Services Market Analysis by types is segmented into: