Laundry Facilities and Dry-Cleaning Services Market - Trending Mergers, Acquisitions

As the demand for industrial laundry and dry cleaning services continues to surge in Europe, the global laundry cleaning and dry-cleaning services market was valued at USD 51.4 billion in 2022 and is projected to grow at a CAGR of 4.6% from 2022 to 2030.

The Brainy Insights is proud to mark the present moment which is a turning point in the global laundry cleaning and dry-cleaning services market. According to Avinash D., “the market is expected to rise as a result of the presence of developing economies like China and India, a rising working population, and rising spending on dry cleaning and laundry services”. The demand for industrial dry cleaning and laundry services has seen a positive upsurge in Europe. This is not only due to the growing number of working individuals but also thanks to the rising number of foreign tourists as well as the need for larger volumes of linen for hotels and other facilities. Higher disposable income of consumers is also expected to drive market growth in the region significantly. In Asia, the trend of utilizing on-demand dry-cleaning services is growing at a large scale, which is expected to bring a positive growth to the global market. With the advancement of technology, many companies have started providing on-demand laundry and dry cleaning services to their customers. This is also providing a way for the users to save their time and money for these services. This has been a major factor contributing to the growth of the global laundry cleaning and dry-cleaning services market. Moreover, rising demand for clean and hygienic linen and an increasing emphasis of health safety within the laundry and dry-cleaning services are also expected to boost the market’s growth. The growing number of players in the industry has become instrumental in heightening the competitive spirit in the laundry cleaning and dry-cleaning services market.

The global market for laundry cleaning and dry-cleaning services is expected to expand significantly due to increasing disposable income, foreign tourism, health safety emphasis, and rising demand for on-demand services.

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