Online Laundry Service Market Product Driving Factors, Capacity and Growth Rate Analysis to 2025
The global Online Laundry Service Market size is anticipated to register revenue of USD 113.7 Billion by the year 2025, according to a new report by Million Insights. It is expected to grow with 35.8% CAGR over the forecasted period, 2019 to 2025. The increasing demand for washing of clothes in laundry owing to convenience is expected to drive the market growth.
The rising influence of
the internet coupled with the emergence of the e-commerce platform is expected
to act as a trigger in the market growth of laundry services. Also, the
emerging trend over the adoption of fragrance lifestyle is influencing the
consumers to spend more on such products. Moreover, online services offer
consumers many facilities like doorstep pickup and delivery. Thus, the market
for such services is expected to increase exponentially over the forecasted
period.
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The demand for online
laundry services is also boosting due to the on-demand and doorstep delivery
features that allow customers to use this facility as and when required rather
than using the conventional coin-operated washing machines. Excessive usage of
water and electricity can also be curtailed with the usage of machines with the
latest eco-friendly technology. Therefore, the market for online services like
laundry is expected to boost in the upcoming years.
In 2018, the laundry
care service segment held the largest share of more than 50% in the global
online laundry service market. The rising trend of clean homes coupled with the
rising importance of hygiene is expected to drive the market growth. The
segment of Duvet Clean is expected to witness a CAGR of 35.8% in the upcoming
years.
The residential segment
held the largest market share of more than 60.0%, in 2018. The shifting trend
of consumer preference for cleanliness and personal hygiene is boosting the
market growth. The commercial application segment is expected to grow at a CAGR
of 35.4% during the forecasted period, 2019 to 2025. This can be attributed to
the rising number of hospitals, hotels, and restaurants that provide laundry services
to their customers.
Further key findings from the report suggest:
• In 2018, the
residential segment of application dominated the global market with largest
share of 60.0%.
• North America held
the largest regional share of 31.8% across the global market, in 2018.
• The rising influence
of internet and e-commerce platform is anticipated to boost the market growth
across developing regions like APAC and MEA.
• The market for online laundry services is highly competitive in nature
with key players being FlyCleaners, CLEANLY, delivery.com, DhobiLite and
Laundrapp Ltd.
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Service Market Report with TOC @ https://www.millioninsights.com/industry-reports/global-online-laundry-service-market
Online Laundry Service Outlook (Revenue, USD Million, 2015 - 2025)
• Laundry Care
• Dry Clean
• Duvet Clean
Online Laundry Service Application Outlook (Revenue, USD Million, 2015 -
2025)
• Residential
• Commercial
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