Insights on the Dry-Cleaning and Laundry Services Global Market to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Dry-Cleaning and Laundry Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global dry-cleaning and laundry services market as it emerges from the COVID-19 shut down.

The global dry-cleaning and laundry services market is expected to grow from $93. 18 billion in 2020 to $104. 65 billion in 2021 at a compound annual growth rate (CAGR) of 12. 3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $127. 3 billion in 2025 at a CAGR of 5%.

Companies Mentioned

• Cintas Corp.
• Elis SA
• Aramark
• UniFirst Corp.
• Franz Haniel & Cie. GmbH

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market research findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for superior strategizing.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Asia Pacific was the largest region in the global dry-cleaning and laundry services market, accounting for 35% of the market in 2020. North America was the second largest region accounting for 33% of the global dry-cleaning and laundry services market. Africa was the smallest region in the global dry-cleaning and laundry 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. For instance, companies such as 'Texas Coin and Commercial Laundry' and 'Lone Star Laundromat Services' based in Texas, USA are laundry service providers that adopted cashless laundry services.

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the dry-cleaning and laundry services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the dry-cleaning and laundry services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Dry-Cleaning and Laundry Services Market Characteristics

4. Dry-Cleaning and Laundry Services Market Product Analysis

5. Dry-Cleaning and Laundry Services Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Dry-Cleaning and Laundry Services Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Dry-Cleaning and Laundry Services Market Trends and Strategies

8. Impact of COVID-19 on Dry-Cleaning and Laundry Services

9. Dry-Cleaning and Laundry Services Market Size and Growth

10. Dry-Cleaning and Laundry Services Market Regional Analysis

11. Dry-Cleaning and Laundry Services Market Segmentation

11.1. Global Dry-Cleaning and Laundry Services Market, Segmentation by Type

11.2. Global Dry-Cleaning and Laundry Services Market, Segmentation by End-Use

11.3. Global Dry-Cleaning and Laundry Services Market, Segmentation by Distribution Channel

12. Dry-Cleaning and Laundry Services Market Segments

13. Dry-Cleaning and Laundry Services Market Metrics

For more information about this report visit https://www.researchandmarkets.com/r/q7ufc7