The global online laundry service market size is expected to
reach USD 113.7 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 35.8% over the forecast period.
Increasing awareness regarding personal hygiene and cleanliness is expected to
expand the scope of online laundry services.
Increasing penetration of internet based devices
as well as m-commerce operations trigger the market demand. Furthermore, rising
adoption of fragrance lifestyle has urged the consumers to invest in these
facilities with utmost convenience and affordability. The online services
provide various facilities incorporating consumer’s convenience such as free
pick and delivery services, which, in turn, has fueled the market demand.
On-demand laundry services are expected to
witness growth as they provide the comfort of availing fresh and clean clothes
without taking them to coin operated public machines. Moreover, increasing
penetration of smart technology introduced in washing machines benefit in
minimizing the chaos of resource exploitation. Overuse of resources such as
water and energy are cut through with the advent of new technologies in the
laundry industry. For instance, Hydrofinity launched XConnect, which is a cloud
based system that tracks the cycle data of laundry including consumption of
water and electricity.
The residential application segment held the
largest market share owing to the maximum utility of laundry facilities by
consumers on a daily basis. Increasing internet penetration across developing
countries such as India and China has driven the market for online services. In
2017, China had the largest penetration rate of internet usage, followed by
India and U.S. Moreover, shifting trend towards nuclear families poses an
advantage for the global market on account of decreased number of members in
the family.
Prominent players in the online laundry service
market focus on technology aspect to derive the most out of the market. For
instance, in October 2018, Hughes, after the acquisition of Armstrong
Commercial Laundry Systems, have launched Hughes Pro, a commercial laundry and
dishwashing dealership. This dealership supports on premise laundries on a
national scale.
For Full Research Report On Online Laundry Service Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/online-laundry-service-market
Further key findings from the study suggest:
- The
residential application segment dominated the global market with a share
of over 60.0% in 2018
- North
America dominated the global market in 2018 and accounted for 31.8% share
of the overall revenue
- Increasing
internet penetration in countries such as India and China is anticipated
to remain a favorable factor for the APAC market
- The
online laundry service industry is highly competitive in nature with the
main players including CLEANLY, DhobiLite, FlyCleaners, delivery.com,
'LLC', Laundrapp Ltd., and ZIP JET.
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/online-laundry-service-market/request/rs1
Grand
View Research has segmented the global online laundry service market on the
basis of service, application, and region:
Online Laundry ServiceOutlook (Revenue, USD Million, 2015 - 2025)
- Laundry
Care
- Dry
Clean
- Duvet
Clean
Online Laundry ServiceApplication Outlook (Revenue, USD Million, 2015 -
2025)
- Residential
- Commercial
Online Laundry ServiceRegional Outlook (Revenue, USD Million, 2015 -
2025)
- North
America
- U.S.
- Europe
- U.K.
- Germany
- Asia
Pacific
- India
- China
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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