Impact of Lockdown on Dry Cleaning & Laundry Services
Dublin, 30th April 2020: A recent survey by ResearchAndMarkets.com said the impact of Covid-19 on Dry Cleaning & Laundry Services Market will be short term and demand for app-based Laundry Services will rise.
The global dry-cleaning and laundry services market is expected to decline from $106.2 billion in 2019 to $104 billion in 2020 at a compound annual growth rate (CAGR) of -2.1%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $118.3 billion in 2023.
Asia-Pacific was the largest region in the global dry-cleaning and laundry services market, accounting for 34% of the market in 2019. North America was the second l...