Online Laundry Service Market size is set to expand at more than 18.5% CAGR from 2023 to 2032, attributed to the increasing demand for convenience and time-saving services worldwide.
The widespread adoption of digital technology, including smartphones and the internet has revolutionized the way consumers access and use laundry services. Online platforms offer the convenience of scheduling laundry pickups, selecting services, and making payments through user-friendly mobile apps or websites. For instance, In December 2022, well-known smart laundry technology platform Tumble, launched Tumble Pickup & Delivery, a quicker, more dependable, and transparent on-demand washing service. Moreover, the burgeoning convenience and hygiene concerns is also contributing to the industry growth.
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The online laundry service market is segmented as per service type, end-use, and region.
Based on service type, the online laundry service market from the dry-cleaning segment will gain significant traction between 2023 and 2032, driven by the higher need for clean, well-maintained clothing in the corporate world and among individuals with busy lifestyles. Online dry-cleaning services provide convenient ways to customers to maintain their professional attire and delicate garments. The rising consumer preference and the higher demand for convenient and time-saving solutions will propel the segment growth.
In terms of end-use, the industry value from the commercial segment generated substantial revenue in 2022 and is expected to depict robust growth through 2032. Online laundry services ensure seamless operation and provide efficient solutions for managing the laundry needs of commercial clients by offering bulk cleaning, linen maintenance, and timely delivery. With businesses, such as hotels, restaurants, and healthcare facilities prioritizing cost-efficiency and quality service, the demand for online laundry services is further likely to expand.
Regionally, the online laundry service market in Asia Pacific is set to experience considerable growth between 2023 and 2032 due to the burgeoning urban population, changing lifestyles, and increasing disposable incomes. Moreover, the rising awareness of hygiene and cleanliness particularly in the wake of the COVID-19 pandemic has compelled more people to turn to professional laundry services, thereby offering potential growth opportunities to the industry players. For instance, in May 2022, Abhinay Choudhary, co-founder of Bigbasket, launched LaundryMate, an online laundry services business to provide services, such as washing, dry cleaning, ironing, and steam ironing on its platform.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources.
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Online laundry service market 360º synopsis, 2018 - 2032.
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Service type trends
2.5 End-use trends
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The global online laundry service market size is expected to reach USD 113.7 billion by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 35.8% over the forecast period.
Furthermore, rising adoption of fragrance lifestyle has urged the consumers to invest in these facilities with utmost convenience and affordability.
For instance, Hydrofinity launched XConnect, which is a cloud based system that tracks the cycle data of laundry including consumption of water and electricity.
In 2017, China had the largest penetration rate of internet usage, followed by India and U.S.
Prominent players in the online laundry service market focus on technology aspect to derive the most out of the market.
Further key findings from the study suggest: • The residential application segment dominated the global market with a share of over 60.0% in 2018 • North America dominated the global market in 2018 and accounted for 31.8% share of the overall revenue • Increasing internet penetration in countries such as India and China is anticipated to remain a favorable factor for the APAC market • The online laundry service industry is highly competitive in nature with the main players including CLEANLY, DhobiLite, FlyCleaners, delivery.com, 'LLC', Laundrapp Ltd., and ZIP JET.
