Online Laundry Service Market Expanding At A CAGR of 35.8% From 2019 To 2025: Grand View Research Inc.

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Online Laundry Service Market Expanding At A CAGR of 35.8% From 2019 To 2025: Grand View Research Inc.

September 13
23:33 2019
Online Laundry Service Market Expanding At A CAGR of 35.8% From 2019 To 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
Increasing awareness regarding personal hygiene and cleanliness is expected to expand the scope of online laundry services market.

According to report published by Grand View Research, “Online Laundry Service Market Size, Share & Trends Analysis Report By Service (Laundry Care, Dry Clean, Duvet Clean), By Application, By Region, And Segment Forecasts, 2019 – 2025”, 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.

U.S. online laundry service market size, by service, 2015 - 2025 (USD Billion)

 

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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.

 

Global online laundry service market share, by application, 2018 (%)

 

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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

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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