|Market Size in 2016||Market Forecast in 2024||CAGR (in %)||Base Year|
|USD 9,358 Million||USD 96,155 Million||34%||2016|
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 duvet is the major types of online on-demand laundry services globally for residential and commercial purposes.
On-Demand Laundry Service Market Value
The online on-demand laundry service market size 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 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 of 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.
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%.
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.
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
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.
Type Segment Analysis
By Application Segment Analysis
By Regional Segment Analysis
The term "online on-demand laundry service" refers to a sort of laundry service that enables consumers to schedule and request laundry services through an online platform or mobile application. This type of service is also known as "laundry on demand." This service is tailored to meet the needs of occupied individuals or households that do not have the time or resources necessary to do their laundry chores alone.
During this step of the procedure, consumers will often place an order for laundry services, during which they will express their preferences about the type of laundry, wash cycle, and detergent, amongst other options. After the order has been placed, a collection time will be established, and the laundry will then be collected from the location specified by the customer.
The rise in urbanization has caused a shift in living habits, which in turn has led to an increased demand for handy services such as online on-demand laundry services. Busy lifestyles: the rise in the number of families with two incomes and working professionals has led to a reduction in the amount of time available for completing everyday tasks such as doing the laundry. Laundry services available on demand over the internet offer a practical and time-saving alternative for people who lead hectic lives.
The global online on-demand laundry service market is expected to exhibit a CAGR of around 34% between 2017 and 2024.
he major market players in the online on-demand laundry service market 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.
North America has registered an influential share in the online on-demand laundry service market in 2017