Dry-cleaning and Laundry Services Market size was over USD 69 Billion in 2023 and is projected to cross USD 147 Billion by the end of 2036, growing at more than 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dry-cleaning and laundry services is assessed at USD 74 Billion.
The primary factor behind the growth is the increasing hotel sector and the rising demand for dry cleaning and laundry in hotels. According to the National Library of Medicine, the travel and tourism sector, which includes hotels and other lodging options, bars, restaurants, cruise ships, casinos, travel agencies, tour operators, and other related businesses, generated over USD 4.5 trillion in consumer expenditure in 2020.
Author Credits: Parul Atri
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