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Global Dry-Cleaning And Laundry Services Market Opportunities And Strategies To 2022
Including: By Type Of Service: Coin-operated laundries and drycleaners, dry-cleaning and laundry services (except coin-operated), linen and uniform supply
By End-Use: Commercial dry-cleaning and laundry services, residential dry-cleaning and laundry services, coin-operated laundries and drycleaners
By Distribution Channel: offline, online
Covering: Cintas Corp.; Elis SA; Aramark; UniFirst Corp.; Franz Haniel & Cie. GmbH
Dry-Cleaning And Laundry Services Global Market Opportunities And Strategies To 2022 report from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global dry-cleaning and laundry services market.

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Description:
Where is the largest and fastest growing market for the dry-cleaning and laundry services market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The global dry-cleaning and laundry services market report to 2022 report from the Business Research Company answers all these questions and many more.

The report covers the following chapters
1. Executive Summary – The executive summary section of the report gives a brief overview and summary of the report
2. Report Structure – This section gives the structure of the report and the information covered in the various sections.
3. Market Characteristics – The market characteristics section of the report defines and explains the dry-cleaning and laundry services market. This chapter also defines and describes the services and related goods covered in the report.
4. Product Analysis – The product analysis section of the report describes the leading products in the dry-cleaning and laundry services market along with key features and differentiators for those products.
5. Supply Chain – The supply chain section of the report defines and explains the key players in the dry-cleaning and laundry services industry supply chain.
6. Customer Information – This chapters covers recent customers’ trends/preferences in the global dry-cleaning and laundry services market.
7. Trends And Strategies – This chapter describes the major trends shaping the global dry-cleaning and laundry services market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
8. Current Global Laundry Scenario – This section provides the information on the current situation of the dry-cleaning and laundry service industry in seven global regions.
9. Materials Used In Dry-Cleaning And Laundry Services – This section provides a list of materials (washing machines, chemicals and others) used in the dry-cleaning and laundry services industry along with the background information on the materials.
10. Global Market Size And Growth – This section contains the global historic (2014-2018) and forecast (2018-2022) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
11. Regional Analysis – This section contains the historic (2014-2018) and forecast (2018-2022) market value and growth and market share comparison by region.
12. Segmentation – This section contains the market values (2014-2022) and analysis for different segments.
13. Global Macro Comparison – The global dry-cleaning and laundry services market comparison with macro-economic factors gives the dry-cleaning and laundry services market size, percentage of GDP, and average dry-cleaning and laundry services market expenditure.
14. Regional Market Size and Growth – This section contains the region’s market size (2018), historic (2014-2018) and forecast (2018-2022) market value, and growth and market share comparison of countries within the region. Industry metrics covered in this section include: employees and enterprises. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies. This information is also given for the two largest economies in the world, the USA and China.
15. Competitive Landscape – This section covers details on the competitive landscape of the global dry-cleaning and laundry services market, estimated market shares and company profiles for the leading players.
16. Key Mergers And Acquisitions – This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
17. Market Background – This section describes the personal services market of which the dry-cleaning and laundry services market is a segment. This chapter includes the global personal services market 2014-18 and 2018-22 values, and regional and country analyses for the personal services market.
18. Market Opportunities And Strategies – This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
19. Conclusions And Recommendations – This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for dry-cleaning and laundry service providers in terms of product offerings, geographic expansion, price offerings, marketing strategies and target groups.
Appendix – This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:
By Type Of Service: Coin-operated laundries and drycleaners, dry-cleaning and laundry services (except coin-operated), linen and uniform supply

Coin-operated laundries and drycleaners is further segmented into coin-operated laundry routes and coin-operated laundry and dry-cleaning stores

Dry-cleaning and laundry services (except coin-operated) is further segmented into household and commercial laundries, dry-cleaning plants, garment pressing and agents for laundries, all other laundry and garment services

Linen and uniform supply is further segmented into linen supply and industrial launderers

By End-Use: Commercial dry-cleaning and laundry services, residential dry-cleaning and laundry services, coin-operated laundries and drycleaners

By Distribution Channel: offline, online

Companies Mentioned: Cintas Corp.; Elis SA; Aramark; UniFirst Corp.; Franz Haniel & Cie. GmbH

Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report describes and evaluates the global dry-cleaning and laundry services market. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.

The global dry-cleaning and laundry services market size reached a value of nearly $118.9 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.7% since 2014, and is expected to grow at a CAGR of 10.9% to nearly $180.0 billion by 2022.

Growth in the historic period resulted from strong economic growth in emerging markets, rapid urbanization, a rise in the number of single person households, and growth in the healthcare services sector. Factors that negatively affected growth in the historic period were growth in consumers’ preference for at-home washing, the emergence of automatic all-in-one household washing machines, a rise in real estate rental prices, and low profit margins.

Going forward, growth in hospitality sector, increasing internet penetration, rising franchising opportunity, faster economic growth, busy lifestyles of people and technological advances in the laundry industry will drive growth. Factors that could hinder the growth of the dry-cleaning and laundry services market in the future include changing clothing trends, rising minimum wages, shortages of skilled human resources, low penetration of organized laundry services in developing economies, and changing industry regulations.

The dry-cleaning and laundry services market is segmented by type of service into linen and uniform supply, dry-cleaning and laundry services (except coin-operated) and coin-operated laundries and drycleaners. The linen and uniform supply segment was the largest segment of the dry-cleaning and laundry services market in 2018 at 54.2% or $64.5 billion. The linen and uniform supply segment is expected to be the fastest-growing segment going forward at a CAGR of 12.1%.

The linen and uniform supply market is further segmented into linen supply and industrial launderers. The industrial launderers segment was the largest segment of the linen and uniform supply market in 2018 at 54.9% or $35.4 billion. The linen supply segment is expected to be the fastest-growing segment going forward at a CAGR of 13.3%.

The coin-operated laundries and drycleaners market is further segmented into coin-operated laundry routes and coin-operated laundries and dry-cleaning stores. The coin-operated laundries and dry-cleaning stores segment was the largest segment of the coin-operated laundries and drycleaners market in 2018 at 53.2% or $9.4 billion. The coin-operated laundry routes segment is expected to be the fastest-growing segment going forward at a CAGR of 11.4%.

The dry-cleaning and laundry services (except coin-operated) market is further segmented into household and commercial laundries, dry-cleaning plants, garment pressing and agents for laundries, and all other laundry and garment services. The dry-cleaning plants segment was the largest segment of the dry-cleaning and laundry services (except coin-operated) market in 2018 at 65.7% or $24.4 billion. The all other laundry and garment services segment is expected to be the fastest-growing segment going forward at a CAGR of 20.0%.

The dry-cleaning and laundry services market is also segmented by end use into commercial, residential, and coin-operated laundries and drycleaners. The commercial dry-cleaning and laundry services segment was the largest segment of the dry-cleaning and laundry services market in 2018 at 66.7% or $79.7 billion. The commercial dry-cleaning and laundry services segment is expected to be the fastest-growing segment going forward at a CAGR of 11.7%.

The dry-cleaning and laundry services market is also segmented by distribution channel into offline and online. The offline dry-cleaning and laundry services segment was the largest segment of the dry-cleaning and laundry services market in 2018 at 87.1% or $103.6 billion. The online dry-cleaning and laundry services segment is expected to be the fastest-growing segment going forward at a CAGR of 34.0%.

Asia-Pacific was the largest market for dry-cleaning and laundry services, accounting for 34.9% of the global market in 2018. It was followed by North America, Western Europe and then the other regions. Going forward, Eastern Europe and the Middle East will be the fastest growing regions in the dry-cleaning and laundry services market, where growth will be at CAGRs of 16.1% and 15.7% respectively. These will be followed by Africa and Asia-Pacific where the markets are expected to grow at CAGRs of 15.5% and 15.2% respectively.

The dry-cleaning and laundry services market is fragmented with a large number of small entities. Players in the market include Cintas Corp., Elis SA, Aramark, UniFirst Corp., Franz Haniel & Cie GMBH, Downer EDI Limited, Johnson Service Group, CSC ServiceWorks Holdings Inc., Rentokil Initial plc and K Bro Linen Inc.

The global personal services market, of which the dry-cleaning and laundry services market is a segment, reached a value of nearly $1,179.1 billion in 2018, having grown at a CAGR of 9.6% since 2014. It is expected to grow at a CAGR of 11.8% to nearly $1,842.2 billion by 2022. The dry-cleaning and laundry services market was the fourth largest segment of the personal services market accounting for 10.08% of the total in 2018. The personal care services segment is expected to be the fastest growing segment in the personal services market, growing at a CAGR of 12.8% during 2018-2022.

The top opportunities in the global dry-cleaning and laundry services market will arise in the linen and uniform supply segment, which will gain $37.4 billion of global annual sales by 2022. The dry-cleaning and laundry services market size will gain the most in China at $17.32 billion. Market-trend-based strategies for the dry-cleaning and laundry services market include investing in digital technologies such as mobile apps to offer on-demand laundry services, offering cashless self-service options such as contactless payments and digital wallets to ease cash management and attract customers, and installing smart laundromats to cut down labor costs, save time and improve operational efficiencies. Player-adopted strategies in the dry-cleaning and laundry services industry include strategic acquisitions, expansion into new geographies and partnerships.

To take advantage of the opportunities, The Business Research Company recommends the dry-cleaning and laundry companies to consider offering on-demand dry-cleaning and laundry services, installing laundromats at dry-cleaning facilities, adopting sustainable laundry practices, focusing on tier 1 and tier 2 cities, and targeting millennials.


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