![]() 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. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. 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. 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. 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. 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. Use of cashless self-service laundries or coin-operated laundries and drycleaner machines is growing across the world. Africa was the smallest region in the global dry-cleaning and laundry services market. North America was the second largest region accounting for 33% of the global dry-cleaning and laundry services market. The dry-cleaning and laundry services market is segmented into coin-operated laundries and drycleaners dry-cleaning and laundry services (except coin-operated) and linen and uniform supply.Īsia Pacific was the largest region in the global dry-cleaning and laundry services market, accounting for 35% of the market in 2020. ![]() Establishments in the dry-cleaning and laundry services industry are mainly involved in washing and/or cleaning clothes and linen and include coin-operated laundries and drycleaners, dry-cleaning and laundry services, linen suppliers and industrial launderers. The dry-cleaning and laundry services market consists of sales of dry-cleaning and laundry services and related goods by entities (organizations, sole traders and partnerships) that operate coin-operated or similar self-service laundries and drycleaners provide dry-cleaning and laundry services (except coin-operated) and/or supply, on a rental or contract basis, laundered items such as uniforms, gowns, and shop towels. The market is expected to reach $127.3 billion in 2025 at a CAGR of 5%. 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 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%. Major companies in the dry-cleaning and laundry services market include Cintas Corp.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |