The On-Demand Laundry Service Market is likely to hold the global market at a moderate CAGR of ~30.4% during the forecast period. The global market holds a forecasted revenue of ~US$ 25.5 Billion in 2022 and is likely to cross ~US$ 362.51 Billion by the end of 2032.
The On-Demand Laundry Service market is anticipated to show promising growth prospects during the forecast period, expanding the On-Demand Laundry Service market size.
| Attribute | Details |
|---|---|
| The On-Demand Laundry Service Market Estimated Size (2021) | ~US$ 20.1 Billion |
| The On-Demand Laundry Service Market Estimated Size (2022) | ~US$ 25.5 Billion |
| The On-Demand Laundry Service Market Projected Size (2032) | ~US$ 362.51 Billion |
| The On-Demand Laundry Service Market CAGR (2022 to 2032) | ~30.4% |
Laundry industry trends have altered as a result of changing consumer lifestyle evolution and societal adoption of the luxury lifestyle. The laundry business has had tremendous value expansion over the last few decades, which has in turn encouraged growth of the services associated with it.
People, especially those who work, find laundry to be a time-consuming activity and a hassle. Over the past few years, there has been a considerable rise in the working-class population, which has contributed to the expanding demand for online laundry services because of their convenience. People can't do their laundry because of time constraints brought on by the increased workload and hours worked. Globally, there are more and more working women, which is a major driver of the market for online washing services.
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Increasing urbanisations, employment and busy life of working population are some factors that have helped the on-demand laundry services market to grow. People are depending upon machineries and other service providers for their daily work. Availability of washing machines are abundant in cities, but getting clothes ironed and dry cleaned is not possible at home. As working population have high disposable income and are ready to spend money for convenience, on-demand laundry services are gaining popularity in several countries.
The laundry service providers are engaging customers by offering different services and building interactive apps and websites. Via these media, service providers can take orders, promote offers and special services and also take complaints and use the feedbacks to improve themselves.
The on-demand laundry services pick up the laundry load and deliver it after work is done. This saves lots of time and effort of customer to personally drive to laundry shops and pick clothes after done. Busy working people are the main customer that utilize this service and heavily rely on them for daily laundry needs. Along with personal uses, hospitality and healthcare sectors also utilise these services.
On-demand laundry services require planning and initial investments. These both factors are very important.
New comers to the market have to invest large amount of money to keep the services running. They have to invest in machines, labours and logistics, which are the main pillars for the on-demand laundry service. Out of these three, logistics require highest capital and proper management, making it a challenging task for service providers.
Acquiring and maintaining the customers is another problem faced by on-demand laundry services. Sometimes, the laundry might require more time or the service cost might increase as a result of changes in other related factors. At such times, customers might search for other cheaper laundry service providers or stop using the service.
There are multiple strict policies and regulations from different governments all over the world. The main concern of these regulations is toward environment safety, regarding use of products and regulated use of water and energy.
The on-demand laundry service has high risk and reward ratio, as the initial investment and customer loyalty is not guaranteed.
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United States is the biggest market for the on-demand laundry services. These services are attracting working population. Awareness of hygiene and self-care during the pandemic has led to surge in cleaning and hygiene services, including laundry. Additionally, high living standards and disposable income of customers are helping the market growth.
The on demand laundry services are on surge in India. Increasing women employment along with hectic lifestyle of population from developing cities are fuelling in expansion of these services. Willingness of people to spend on services helping in daily work load is increasing in Indian consumers.
Some key players in the On-Demand Laundry Service market are Procter & Gamble, Hamperapp, Rinse Inc., The Hustle, FlyCleaners, DRVY CLEANLY, Hampr, Mulberrys Garment Care, IHATEIRONING, Edaixi, WASHMEN, PML Solutions and others.
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| Attribute | Details |
|---|---|
| Growth Rate | CAGR of ~30.4% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical Data Available for | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative units | Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis |
| Segments covered | Components, Services, Laundry Items, End-Users, Region |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Thailand, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa |
| Key Companies Profiled | Procter & Gamble; Hamperapp; Rinse Inc.; The Hustle; FlyCleaners; DRVY CLEANLY; Hampr; Mulberrys Garment Care; IHATEIRONING; Edaixi; WASHMEN; PML Solutions; Others |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The On-Demand Laundry Service market is expected to reach a valuation of ~US$ 25.5 Bn in 2022.
The primary market-driving trends for on-demand laundry services include the busy lifestyles of working people, the rise in the employment of women, different services offered by providers, and consumer preferences for convenient services.
Leading players operating in On-Demand Laundry Service market are Procter & Gamble, Hamperapp, Rinse Inc., The Hustle, FlyCleaners, DRVY CLEANLY, Hampr, Mulberrys Garment Care, IHATEIRONING, Edaixi, WASHMEN, PML Solutions and among others.
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On-Demand Laundry Service Market
