Global Laundry Services Market Report and Forecast 2024-2032

Global Laundry Services Market Size

The global laundry services market reached around USD 62.21 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032 to reach nearly USD 94.87 billion by 2032.

Global Laundry Services Market Outlook

• High internet accessibility (over 90%) in countries like the UAE is expected to drive the demand for app-based laundry services.

• The internet penetration rate in South Korea is 97.17%, which is expected to drive the digitalisation of laundry services.

• In 2022, the population of Southeast Asia grew at an average rate of 1.09%, which is expected to drive the demand for laundry services.

Global Laundry Services Market Growth

Technological advancements are expected to emerge as a primary market driver of the market by boosting the efficiency and accessibility of laundry services. Mobile payment options have streamlined consumer transactions and reduced businesses’ need for handling physical cash. In 2023, the total value of mobile transactions reached $2.2 trillion. In 2021, the volume of mobile payments worldwide recorded a year-on-year growth of 27%. Nearly 75% of people aged between 18 and 34 years are expected to use mobile payments. Besides, remote management systems are enabling wash and fold laundry service providers to optimise machine performance and provide consumer feedback in real time. Advanced point-of-sale systems are witnessing widespread adoption in laundromats due to their ability to enhance service management and cater to diverse operational needs.

Major laundromats such as UClean are beginning to expand their market presence by establishing multiple stores across different sites. By utilising revenue growth tools, they can optimise their offerings and carefully implement consumer loyalty programmes that attract repeat businesses. The digitalisation of laundry pickup and delivery services is expected to enhance the consumer appeal and drive sales growth. The usage of data analytics tools for making informed decision making is expected to have a positive influence on the market dynamics and driving business growth.

In Mexico, an average individual aged between 15-64 years spends nearly 202 minutes daily on housework. With the advent of smart laundry machines, people can their fabrics separately by customising the characteristics of each load. Such machines also result in enhanced operational efficiency and user experience, thereby leading to the market growth.

Global Laundry Services Industry Segmentation

Global Laundry Services Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Self-Service Laundromats

• Wash and Fold Laundry Services

Market Breakup by End Users

• Residential

• Commercial

Market Breakup by Platform

• Web Based

• App Based

• Other Platforms

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Laundry Services Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-2032, the Asia Pacific is expected to grow at a CAGR of 6.2% due to rising internet access and smartphone penetration rates.

Leading Companies in the Global Laundry Services Market

Major laundry service providers are expected to expand their market presence through a network of franchise-operated stores that can provide standardised laundry services to consumers at a uniform price.

• Rinse, Inc.

• ByNext, Inc.

• Laundryheap Limited

• Hamperapp LLC

• DobiQueen Solutions Pvt. Ltd.

• CSC ServiceWorks, Inc.

• WASHMEN LAUNDRY LLC.

• PML Solutions Pvt. Ltd.

• Rongchang Yao China Network Technology Beijing Co. Ltd.

• The Procter & Gamble Company

• Others

Key Highlights of the Report