Happi staff12.02.19
The global dry-cleaning and laundry services market is expected to grow from $118.9 billion in 2018 to $180.0 billion in 2022 at an annual growth rate of 10.9%, according to a new report from The Business Research Company, London.
The franchise expansion of dry-cleaning and laundry services providers is expected to positively affect the dry-cleaning and laundry services market. Big laundry service providers are offering franchise opportunities, while providing required equipment and software to efficiently manage the whole process of dry-cleaning and washing.
The offering of such franchise model is expected to increase the number of entrepreneurs who will establish laundry businesses nationally and globally. The 24x7 operation of franchises equipped with coin-vending laundry machines, in combination with hectic lifestyles of the working-class population, will improve the availability of laundry services to a large number of consumers, thus encouraging an increased number of consumers to opt for commercial laundry services.
Procter & Gamble, via its Tide brand, has been taking a greater stake in the dry cleaner segment with its own dry cleaner franchise and recent business acquisitions.
The franchise expansion of dry-cleaning and laundry services providers is expected to positively affect the dry-cleaning and laundry services market. Big laundry service providers are offering franchise opportunities, while providing required equipment and software to efficiently manage the whole process of dry-cleaning and washing.
The offering of such franchise model is expected to increase the number of entrepreneurs who will establish laundry businesses nationally and globally. The 24x7 operation of franchises equipped with coin-vending laundry machines, in combination with hectic lifestyles of the working-class population, will improve the availability of laundry services to a large number of consumers, thus encouraging an increased number of consumers to opt for commercial laundry services.
Procter & Gamble, via its Tide brand, has been taking a greater stake in the dry cleaner segment with its own dry cleaner franchise and recent business acquisitions.