NEW YORK, May 16, 2024 /PRNewswire/ — The global online on-demand laundry service market size is estimated to grow by USD 145.72 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of almost 39.38% during the forecast period.
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Technavio has announced its latest market research report titled Global Online On-demand Laundry Service Market 2023-2027
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Forecast period |
2023-2027 |
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Base Year |
2022 |
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Historic Data |
2017 – 2021 |
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Segment Covered |
End-user (Residential and Commercial ), Service (Laundry, Dry clean, and Duvet clean ), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) |
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Region Covered |
North America, Europe, APAC, Middle East and Africa, and South America |
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Key companies profiled |
American Dry Cleaning Co., ByNext Inc., CSC ServiceWorks Inc., Delivery.com LLC, Elite DhobiLite Laundry Pvt. Ltd., EXPERTO URBANTECH PVT LTD, ihateironing.com Ltd., JUSTCLEAN GENERAL TRADING Co. W.L.L, Laundrology Comprehensive Services, Laundryheap Ltd., LaundryWala, Mr. Laundrywala, Mulberrys Franchising LLC, PML Solutions Pvt. Ltd., Rinse Inc., Simmeera India Pvt. Ltd., The Procter and Gamble Co., Washmen Laundry LLC, Wassup On Demand, and WishWash Laundry |
Key Market Trends Fueling Growth
Online on-demand laundry services are revolutionizing the industry by implementing technology to automate processes and decrease turnaround times. Companies like Cleanly use software to sort clothes, manage requests, and update cleaners in real-time, enabling a 24-hour service. This innovation is transforming the on-demand laundry business in countries such as Germany, Canada, France, and China. The market is growing rapidly as consumers value the convenience of having their clothes washed and delivered quickly. Online washing, dry-cleaning, and laundry apps are meeting this demand, offering services ranging from washing to delivery.
Market Challenges
Online on-demand laundry services represent a rapidly expanding market, characterized by low profit margins and the necessity for continuous growth. This sector caters to consumers’ lifestyle preferences, offering convenience through mobile apps, scheduling, pickup, and drop-off services. In the trust-based landscape of laundry services, companies must deliver high-quality, error-free washing and dry cleaning to maintain customer satisfaction. Despite the challenges, innovation and digital solutions enable time-saving and efficient processes, ensuring growth in countries like Germany, Canada, France, China, and beyond.
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Segment Overview
This online on-demand laundry service market report extensively covers market segmentation by
End-user
1.1 Residential
1.2 Commercial
Service
2.1 Laundry
2.2 Dry clean
2.3 Duvet clean
Geography
3.1 North America
3.2 Europe
3.3 APAC
3.4 Middle East and Africa
3.5 South America
1.1 Residential- The online on-demand laundry service market caters to various end-users, primarily focusing on scheduling, pickup, and drop-off convenience. Subscription models and pricing structures cater to busy individuals seeking time-saving solutions. Quality and efficiency are crucial factors, ensuring customer satisfaction and repeat business. Innovations in digital on-demand laundry services, such as on-demand washing, cleaning, and dry-cleaning, are revolutionizing the industry. Businesses, both large and small, including players like Laundryheap and various on-demand laundry apps, are capitalizing on this market demand. The on-demand laundry business model offers flexibility and convenience, making it an attractive alternative to traditional laundry services. Market growth is further fueled by the increasing number of vendors offering on-demand, on-line laundry services, particularly in North America and Europe. Overall, the online laundry business is transforming the way we approach laundry, providing time-saving, efficient, and innovative solutions.
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Research Analysis
The online on-demand laundry service market has experienced significant growth due to the consumer lifestyle evolution and societal adoption of convenience. This trend is particularly prominent among working-class populations and working women, who face time constraints and value the ease of having their laundry picked up and delivered to their doorstep. The market caters to various segments, including residential, commercial application, and laundry care. Luxury lifestyle consumers also opt for online laundry services for bedding and other items, seeking affordable prices and patching services. Eco-conscious consumers prefer eco-friendly laundry detergents with the WaterSense label, addressing concerns related to skin diseases and allergies. Business models like Tide Cleaners and organic laundry detergent brands offer sustainable solutions for the dry clean segment. Moreover, the laundry care segment focuses on providing high-quality services for duvets and other bulky items. As the market continues to evolve, it is essential to prioritize sustainability and cater to diverse consumer needs.
Market Research Overview
The online on-demand laundry service market is a growing sector in the modern economy, offering convenience and efficiency to consumers. This service allows customers to place orders for laundry pickup and delivery through digital platforms, eliminating the need for physical store visits. The use of technology, such as mobile applications and automated sorting systems, streamlines the process and reduces turnaround time. The market is driven by factors including increasing urbanization, busy lifestyles, and the growing preference for contactless services. Additionally, the integration of sustainable practices, such as the use of eco-friendly detergents and energy-efficient processes, is becoming a key consideration for consumers and operators alike. Overall, the online on-demand laundry service market is poised for continued growth as it caters to the evolving needs of consumers in a digital age.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-user
Residential
Commercial
Service
Laundry
Dry Clean
Duvet Clean
Geography
North America
Europe
APAC
Middle East And Africa
South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
