Email
Password
Remember meForgot password?
    Log in with Twitter
Press Release

At 34% CAGR, Online On-Demand Laundry Service Market Projected to Reach USD 96,155 million by 2024

According to the report, the global online on-demand laundry service market was valued at around USD 9,358 million in the year 2016 and it is expected to reach approximately USD 96,155 million by 2024. The global online on-demand laundry service market is expected to exhibit a CAGR of around 34% between 2017 and 2024.

Zion Market Research has published a new report titled Online On-demand Laundry Service Market by Type (Laundry, Dry clean, and Duvet clean); by Application (Residential and Commercial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2024" has a vast information about the market and its potential. The global online on-demand laundry service market was valued at around USD 9,358 million in the year 2016 and it is expected to reach approximately USD 96,155 million by 2024. The global online on-demand laundry service market is expected to exhibit a CAGR of around 34% between 2017 and 2024. 

The increasing smartphone penetration and growing m-commerce platform are the key factors that are triggering the growth of online on-demand laundry market globally. Increasing internet penetration with the smartphones has availed the consumers in utilizing several online services such on-demand laundry services. Several facilities are offered in the online on-demand laundry service such as free pick and drop services which have positively affected the growth of the online on-demand laundry service market.

Request a Free Sample of “Online On-demand Laundry Service Market” Report: https://www.zionmarketresearch.com/sample/online-on-demand-laundry-service-market

Online laundry services offer services such as dry cleaning, washing, folding and ironing of clothes depending on the clothes. The use of an online platform such as mobile applications for laundry services as per customers demand is known as online on-demand laundry services. 

The laundry, dry-clean, and the duvet is the major types of online on-demand laundry services globally for residential and commercial purposes. 

The increasing adoption of the smartphones and the increasing penetration of the internet in the smartphones have increased the use of online applications such as online on-demand laundry service. The major factor that is triggering the growth of the online on-demand laundry service market is the several facilities that are offered by the online on-demand laundry services such as free pick-up and drop facilities positively affects the growth of the market. The facility for delivering the clothes doorstep not only saves the time of the customer but also saves the additional cost. Hence it proves to be a time saving and cost-effective option for the customer availing online laundry services. Moreover availing such services not only saves the hassle of maintaining the washing machine but also reduces human efforts, thus triggering the growth of online on-demand services market over the forecast period globally. 

Download a Free Brochure of “Online On-demand Laundry Service Market” Report: https://www.zionmarketresearch.com/requestbrochure/online-on-demand-laundry-service-market

However, innovations in the traditional laundry services and product innovations may hamper the growth of online on-demand laundry service market. 

The market players involved in the online on-demand laundry services are focusing on designing new routing mechanism algorithms in order to provide faster delivery services.

Laundry, dry clean, and duvet clean are the three types of online on-demand laundry services. The laundry segment accounted for a major share in the online on-demand laundry service market in 2017. Regularly used office clothes and daily home wears are given to the laundries as they do not require special attention like in case of party wear, suits, and blazers, or other clothes that have a special set of washing instructions. As most of the clothes that come to the laundry are just for washing and ironing rather than for dry cleaning the laundry segment contributed the major share in the online on-demand laundry service market. It is anticipated that this segment will dominate in the forecast period also and will register the highest CAGR of more than 32%.

Browse the full “Online On-demand Laundry Service Market; by Type (Laundry, Dry clean, and Duvet clean); by Application (Residential and Commercial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2024” report at https://www.zionmarketresearch.com/report/online-on-demand-laundry-service-market

The residential segment is dominating the online on-demand laundry service market. The segment accounted for the more than 60% of revenue share in 2016 in the global online on-demand laundry services market. As commercial places such as hospitals, hotels, and restaurants have their own laundry services thus they rarely rely on the online laundry services thus major market share is contributed by the residential segment. Increasing disposable income and improving the lifestyle of the people have propelled the demand for online on-demand laundry service. 

North America dominated the online on-demand laundry service market with a market share of more than 30% in 2017. The growing commercial facilities that make use online on-demand laundry service especially in countries such as Canada and the U.S. contribute to the market growth in North America. The presence of the top players in the online on-demand laundry services and increasing collaboration and partnership between the companies favor the growth of the market. The online on-demand laundry services market will witness a rapid growth rate in the Asia Pacific and is anticipated to register the highest CAGR of more than 35% owing to the rapid urbanization and the improving lifestyle of the people.

Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/online-on-demand-laundry-service-market

The report includes detailed profiles of the prominent market players that are trending in the market. The list of the players that are compiled in the report are CLEANLY, delivery.com, DRYV, Edaixi, FlyCleaners, ihateironing, Laundrapp Ltd., PML Solutions Pvt. Ltd., Rinse, Inc., LaundryWala, Mulberrys Garment Care, ODTAP, Laundryheap Ltd., Tide Spin, Zipjet Ltd., WASHMEN, and Wassup, among others.

The increasing product launch, growing strategic geographical expansion, collaboration and partnership among the top players in the online on-demand laundry service market, is significantly contributing towards the growth of the market globally. For instance, in 2016, the CLEANLY expanded its geographical footprint outside the New York region to Washington. This geographical expansion of the company significantly contributed to the revenue generation of the company. The other recent developments that have positively affected the market are: In October 2017, Brazil joined New Zealand and Australia as the third country outside the UK to take on the Laundrapp technology. In April 2017, the delivery.com acquired alcohol delivery service Klink's business operations.

The global online on-demand laundry service market is segmented on the basis of the type, application, and the geographical regions.

Global Online On-demand Laundry Service Market: Type Segment Analysis 

  • Laundry 
  • Dry clean 
  • Duvet clean

 

Global Online On-demand Laundry Service Market: Application Segment Analysis

  • Residential 
  • Commercial 

 

Global Online On-demand Laundry Service Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

 

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Media Contact
Company Name: Zion Market Research
Contact Person: Allan Leonetti
Email: Send Email
Phone: +49-322 210 92714
Address:244 Fifth Avenue, Suite N202
City: New York
State: New York, 10001
Country: United States
Website: https://www.zionmarketresearch.com/report/online-on-demand-laundry-service-market



Latest News
Top News