Global On-Demand Laundry Service Market Size By Service Type (Laundry, Dry Clean), By End-User (Residential, Commercial), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global On-Demand Laundry Service Market Size By Service Type (Laundry, Dry Clean), By End-User (Residential, Commercial), By Geographic Scope And Forecast
On-Demand Laundry Service Market Size And Forecast
On-Demand Laundry Service Market size was valued at USD 34.23 Billion in 2024 and is projected to reach USD 561.03 Billion by 2031, growing at a CAGR of 30.4% during the forecast period 2024-2031.
On-demand laundry service applications act as a middleman, connecting users with a variety of laundry service providers in their near vicinity. It simplifies and accelerates the washing process. The Global On-Demand Laundry Service Market is expected to increase during the forecasted period due to the growing working population, increased internet penetration, reduced human efforts, and cost-effectiveness. The Global On-Demand Laundry Service Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global On-Demand Laundry Service Market Definition
On-Demand Laundry Services have established themselves as a vital component of the service business. On-demand mobile laundry applications make it easier to wash clothes quickly, efficiently, and conveniently. Customers may use these applications for everything from scheduling pickups to providing feedback on the service. Consumer behavior is one of the most recent innovations that has transformed traditional laundry into an on-demand service. The approach has been met with great satisfaction by the customers. Consumers want a handy service that allows for quick booking, pick-up, delivery to their home, and tracking of updates. More personnel are needed by entrepreneurs.
The on-site and marketplace business models are offered. The marketplace is ideal for entrepreneurs without their equipment. Users may connect to various washing services using a portal. The marketplace operator is in charge of transactions. This operator gathers information about users’ whereabouts and preferences to coordinate delivery to laundries affiliated with the platform. Entrepreneurs that run online laundry services, also known as on-demand washing services, provide a fantastic method to grow their businesses.
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Global On-Demand Laundry Service Market Overview
The Global On-Demand Laundry Service Market is expected to grow during the forecasted period due to the rising urbanization, increasing disposable income & increasing customer purchasing power, and growing smart city projects. Moreover, increasing use of the internet, smartphones, and online applications, cost-effectiveness, time efficiency, and reduced human efforts are major drivers of the market’s growth. However, high costs, low margins, stringent regulatory concerns, policies regarding environmental safety, and the shortage of expertise may hinder the market’s growth during the forecasted period.
Global On-Demand Laundry Service Market Segmentation Analysis
The Global On-Demand Laundry Service Market is Segmented on the basis of Service Type, End-User, and Geography.
On-Demand Laundry Service Market, By Service Type
• Laundry• Dry Clean• Others
Based on the Service Type, the market is classified into Laundry, Dry Clean, and Others. The laundry segment is projected to increase the most during the forecasted period owing to the rising trend of good health among consumers and the varying shift towards clean homes and clothes.
On-Demand Laundry Service Market, By End-User
• Residential• Commercial
Based on the End-User, the market is classified into Residential and Commercial. The commercial segment is projected to increase the most during the forecasted period due to the rising adoption of on-demand services in Hospitals, Hotels, etc.
On-Demand Laundry Service Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of Geography, the Global On-Demand Laundry Service Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The North American region is expected to increase the most compared to other regions during the forecasted period owing to the increasing population of health-conscious consumers, rising number of commercial facilities, and continuous innovation in services.
Key Players
The “Global On-Demand Laundry Service Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Delivery.com LLC, Laundrapp, Cleanly, FlyCleaners, Rinse, Mulberrys, WashClub, Washmen, Laundryheap, PML Solutions, and Press Technologies.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
• In April 2022, Laundryheap, located in the United Kingdom, acquired Laundrapp and established itself as the industry leader in on-demand laundry services.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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