Who Says the Laundry Industry is Dead?

Laundry Market Analysis & Industry Statistics

The US full-service dry cleaning and laundry services market was valued at USD 7.6 billion in 2022 and is expected to reach USD 8 billion by 2027, growing at a CAGR of 1.2% from 2022 to 2027, while the self-service segment hit 6 billion with a projected 1.0% CAGR from 2022 to 2027.

The industry has swiftly navigated through the challenges posed by COVID-19, demonstrating remarkable resilience with a significant recovery in 2022. The upward trajectory is partly fueled by the resurgence of office routines, propelling the demand for professional garment care. As the industry progresses towards a promising $8.0 billion mark by 2027, the shift is towards a more streamlined landscape.

Other industry growth contributors include: rising disposable incomes, busy lifestyles, and growing awareness of the benefits of professional laundry care.

Sources: Industry at a Glance, 81232 Dry Cleaners in the US, MyIBIS World February 2023 & Industry at a Glance, 81231 Laundromats in the US, MyIBIS World February 2023

Projected Market Growth $8 BILLION

$7.6BUS Market1.2%Five Year CAGR

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