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.
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https://www.grandviewresearch.com/industry-analysis/online-laundry-service-market
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.
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
o
U.S.
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
India
o
China
·
Central & South America
o
Brazil
·
Middle East & Africa
o
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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