14-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Online On-Demand Laundry Service Market By Types of Services (Laundry Care, Dry Clean, & Duvet Clean), By Application (Residential & Commercial), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026”. According to the report, the global Online On-demand Laundry Service market is predicted to be valued at approximately USD 32.1 Billion in 2020 and is expected to reach a value of around USD 345.4 Billion by 2026, at a CAGR of around 35.7% between 2021 and 2026.
Online On-demand laundry service provides services like dry cleaning, ironing of clothes, washing of clothes, and folding of clothes. Moreover, the utilization of online tools including mobile or smartphone applications for laundry services according to the end-user demand is referred as online on-demand laundry service.
Browse the full “Online On-Demand Laundry Service Market By Types of Services (Laundry Care, Dry Clean, & Duvet Clean), By Application (Residential & Commercial), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026” Report at https://www.fnfresearch.com/online-on-demand-laundry-service-market-by-type-298
Growing smartphone penetration & thriving mobile commerce activities to drive market growth
The large-scale penetration of smartphones has helped the customers avail of many of the on-demand facilities, thereby steering the growth of the online on-demand laundry service industry over the forecast timeline. With the internet reaching every nook & corner of the world, on-demand online home services are becoming more popular. This has resulted in the bulge in the growth of the market in recent years.
Furthermore, online on-demand laundry services have proved to be time savvy and cost-efficient and have resulted in the reduction of human efforts by avoiding the requirement of washing machine maintenance. Additionally, high standards of living and changing end-user preferences are likely to lead to a massive expansion of the online on-demand laundry service industry over the forecast timeframe. Apart from this, growing awareness about the hygienic lifestyle and the need for improving the fabric life is predicted to transform into a humungous need for online on-demand laundry services over the forecast period.
Laundry to lead the type segment over the forecast timeline
The growth of the segment during the period from 2019 to 2025 is credited to the large-scale utility of the laundry services that also encompasses clothes & garments cleaning/ dry cleaning or washing.
Residential segment to dominate the application landscape by 2025
The segmental growth over the forecast period is attributed to improving lifestyles and a bulge in the number of persons with high disposable incomes. In addition to this, shifting customer preference for professional cleaning with growing health concerns has generated a huge demand for online on-demand laundry services across the residential sector.
North America to contribute a major revenue share of the overall market by 2025
The growth of the market in the region during the forecast period is credited to the rise in the availability of commercial services in the region. Moreover, a rise in the proportion of health-conscious customers in North America is projected to drive business growth in the region. Apart from this, the growing inclination towards the adoption of fragrance lifestyles among individuals in developed economies such as the U.S. will enhance the popularity of the cleaning items, thereby further steering the regional market expansion over the forecast timeframe. The U.S. is predicted to contribute notably towards the regional market growth over the forecast period.
Top Market Players
The key market participants for the global online on-demand laundry service market are CLEANLY, DhobiLite, FlyCleaners, Laundrapp Ltd., ZIP JET, Wassup-On-Demand, Mulberrys Garment Care, PML Solutions Pvt Ltd., Laundrywalla, and delivery.com, among others.
This report segments the Online On-demand Laundry Service market as follows:
Global Online On-Demand Laundry Service Market: By Types of Services Segment Analysis
Global Online On-Demand Laundry Service Market: By Application Segment Analysis
Online On-demand Laundry Service: By Regional Segment Analysis
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