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Global Online On-Demand Laundry Market Report Analyzes Statistics at The Regional and Country Levels and Forecast 2020-2030

September 8th, 2021 9:23 AM

Global Online On-Demand Laundry to surpass USD 559.4 billion by 2030 from USD 26.94 billion in 2020 at a CAGR of 34.9% in the coming years, i.e., 2021-30. The adoption of online on-demand laundry services by residential users has grown significantly. Growing urbanization, changing lifestyles, mounting working population, and the rising innovations in online laundry services are driving the growth of the market. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Online On-Demand Laundry industry.

Online on-Demand Laundry Services have developed themselves as a vital component of the service industry. On-demand mobile laundry apps make the washing process more efficient, reliable, and convenient. Customers can use these applications for anything from scheduling pickups to getting reviews on the service. Consumer behavior is one of the most recent developments that have turned conventional laundry into an on-demand service. The strategy has been met with total satisfaction by the customers. Consumers need a convenient service that allows for quick booking, pick-up, delivery to their doorstep, and monitoring of updates. More people are needed by entrepreneurs. The on-site and marketplace business models are suggested. The marketplace is suitable for startups without their own equipment. Users can connect to various laundry services via a platform. The marketplace provider is in charge of transactions. This operator gathers information about users’ locations and preferences in order to organize distribution to laundries associated with the network. Entrepreneurs who own online laundry services, also known as on-demand laundry services, have an excellent opportunity to grow their businesses.

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  • Market size & share analysis
  • Top market players with sales, revenue, and business strategies analysis
  • Market growth drivers and restraints
  • Market opportunities & challenges
  • Research methodology

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Global Online On-Demand Laundry Market: Key Players

  • Rinse Inc.
  • LaundryWala
  • Mulberrys Garment Care
  • ODTAP
  • Laundryheap Ltd.
  • Tide Spin
  • Zipjet Ltd.
  • WASHED
  • Wassup
  • DhobiliteTriumph International
  • Other Prominent Players

Global Online On-Demand Laundry Market: Segments

Laundry care segment to grow with the highest CAGR during 2020-30

Global Online On-Demand Laundry Market is segmented by service into Laundry care, dry clean, and duvet clean. Laundry care segment held the largest market share in the year 2020. The segment is being driven by a changing trend toward clean homes and clothing, as well as the increasing value of good health among consumers. The trend of cold washing clothes has emerged as a result of increasing environmental consciousness, which necessitates the use of low-temperature, high-performance detergents. As a result, customers are more likely to use an online laundry service for their daily wear clothing. Furthermore, growing environmental issues about laundry facilities have motivated businesses to seek sustainability. The implementation of green certificates has resulted in a decline in the industry’s use of water and energy resources.

Residential segment to grow with the highest CAGR during 2020-30

Global Online On-Demand Laundry Market is segmented by application into residential and commercial. Over the forecast period, the residential channel is projected to expand at the fastest pace. Consumer expectations for skilled cleaning have changed as a result of growing health issues about personal hygiene and cleanliness, paving the way for online laundry services. Furthermore, businesses are starting up in the industry to analyze the unorganized market.

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Market Dynamics

Drivers

Increasing Popularity of Smart Phones and Benefits Associated with On-Demand Laundry Services

The growing popularity of smartphones, as well as the internet’s penetration into them, has increased the usage of online applications such as online on-demand laundry services. The various services provided by online on-demand laundry services, such as free pick-up and drop facilities, are a major factor driving the market’s growth. The choice of getting the clothes delivered to the customer’s doorstep saves not only time but also money. As a result, for customers who use online laundry services, it is a time-saving and cost-effective choice. Furthermore, using such services not only saves time and effort in maintaining the washing machine, but it also saves money, resulting in the global growth of the online on-demand services industry over the projected period.

Restraint

High Prices and Stringent Rules and Regulations

The market will be hindered by constraints such as high prices, stringent regulatory concerns, and policies surrounding environmental protection, as well as a lack of experience in operating updated online laundry services. The challenges include a lack of skilled labor and a low-margin market where the test is to find a long-term consumer base willing to pay a higher price. When the cost of logistics is smaller than the cost of real estate, the risk-reward ratio is high, consumer frustration is high, and customer loyalty is poor, real estate optimization occurs.

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Global Online On-Demand Laundry Market report also contains analysis on:

Online On-Demand Laundry Market Segments:

  • By Service
    • Laundry Care
    • Dry Clean
    • Duvet Clean
  • By Application
    • Residential
    • Commercial

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About us

Fatpos Global is a consulting and research firm focused on market research, business services, and sourcing. We are trusted advisors to senior executives of leading enterprises, providers, and investors. Our firm helps clients improve operational and financial performance through a hands-on process that supports them in making well informed decisions that deliver high-impact results and achieve sustained value. Our insight and guidance empowers clients to improve organizational efficiency, effectiveness, agility and responsiveness.

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