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.
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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.
Million Insights has segmented the global online laundry service market on the basis of service, application and region:
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)
Online Laundry Service Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• Asia Pacific
• Central and South America
• Middle East and Africa
• South Africa
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