Dry Cleaning Category To Gain Ground

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 24×7 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.