USD 98.6 Billion Market Growth Opportunity by 2026| TECHNAVIO


NEW YORK, June 23, 2022 /PRNewswire/ — The online on-demand laundry service market size is expected to grow by USD 98.6 billion from 2021 to 2026 at a CAGR of 36.4% as per the latest market report by Technavio. 34% of the market’s growth will originate from North America during the forecast period. The US is the key market for the online on-demand laundry service market in North America. Market growth in this region will be faster than the growth of the market in South America and Europe. The growth in the number of millennials, who prefer outsourcing their laundry, will facilitate the online on-demand laundry service market growth in North America over the forecast period.

Technavio has announced its latest market research report titled Online On-demand Laundry Service Market by End user, Service, and Geography – Forecast and Analysis 2022-2026

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Read the 120-page report with TOC on “Online On-demand Laundry Service Market Analysis Report by End-user (Residential and Commercial), Service (Laundry, dry clean, and Duvet clean), and Geography (North America, EuropeAPAC, Middle East and Africaand South America), and the Segment Forecasts, 2022-2026.” Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/online-on-demand-laundry-service-market-industry-size-analysis

Get ready to achieve excellent business outcomes from this exclusive Online On-demand Laundry Service Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which business tactics will influence competitive scenarios along with defining the market’s growth potential?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Online On-demand Laundry Service Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Online On-demand Laundry Service Market Forecast Report – Buy Now!

Online On-demand Laundry Service Market: Vendor Analysis

The online on-demand laundry service market is fragmented And the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market. The online on-demand laundry service market report also offers information on several market vendors, including American Dry Cleaning Co., ByNext Inc., Cleanly, CSC ServiceWorks Inc., Delivery.com LLC, Elite DhobiLite Laundry Pvt. Ltd., ihateironing.com Ltd., JUST CLEAN GENERAL TRADING Co. WLL, Laundrapp Operations Ltd., Laundryheap Ltd., LaundryWala, Mr. Laundrywala, Mulberrys Garment Care, PML Solutions Pvt. Ltd., Rinse Inc., Rongchang Yaohua Network Technology Beijing Co. Ltd., The Procter and Gamble Co., WASHMEN, Wassup On Demand, and WishWash Laundry among others

  • American Dry Cleaning Co. – The company offers online on-demand laundry services that include high-quality, non-aggressive eco-friendly technology, kind to one’s clothing as well as the environment.

  • To know about all major vendor offerings – Click Now!

Online On-demand Laundry Service Market: Market Dynamics

Driver: The busy lifestyle allowing very little time for laundry is one of the key drivers supporting the online on-demand laundry service market growth. The current generation is finding it difficult to manage both professional and personal commitments due to their busy lifestyle. However, thanks to online on-demand laundry services, which have made it easy to take care of household work such as cleaning and laundry. At the same time, recognizing the problems faced by the professionals and other employed people, online on-demand laundry companies are offering the convenience of doorstep pickup and drop, thereby making the process more convenient. Such convenience will fuel the online on-demand laundry service market growth during the forecast period.

Challenges: High risk-reward ratio and low margin business are one of the factors hampering the online on-demand laundry service market growth. Regardless of all the benefits provided by online on-demand laundry services, there are risks associated with the laundry business that are higher than the rewards and profits it generates. Online on-demand laundry is a trust-based business where customers provide their expensive garments to service providers expecting no damage in return. However, providing quality service with zero errors consistently might be challenging for the companies. The profits that they earn may not be sufficient for service recovery to please customers in case a faulty service causes damage to their garments. Thus, such accidents can have a negative impact on the online on-demand laundry service market growth during the forecast period.

Online On-demand Laundry Service Market: Segmentation Analysis

End-user Outlook (Revenue, USD bn, 2021-2026)

Service Outlook (Revenue, USD bn, 2021-2026)

  • Laundry – size and forecast 2021-2026

  • Dry clean – size and forecast 2021-2026

  • Duvet clean – size and forecast 2021-2026

Geography Outlook (Revenue, USD bn, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • APAC – size and forecast 2021-2026

  • Middle East and Africa – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

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Online On-demand Laundry Service Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 36.4%

Market growth 2022-2026

USD 98.6 billion

Market structure

Fragmented

YoY growth (%)

30.69

Performing market contribution

North America at 34%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

American Dry Cleaning Co., ByNext Inc., Cleanly, CSC ServiceWorks Inc., Delivery.com LLC, Elite DhobiLite Laundry Pvt. Ltd., ihateironing.com Ltd., JUSTCLEAN GENERAL TRADING Co. WLL, Laundrapp Operations Ltd., Laundryheap Ltd., LaundryWala, Mr. Laundrywala, Mulberrys Garment Care, PML Solutions Pvt. Ltd., Rinse Inc., Rongchang Yaohua Network Technology Beijing Co. Ltd., The Procter and Gamble Co., WASHMEN, Wassup On Demand, and WishWash Laundry

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

2 Market Landscape

3 Market Size

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Market Segmentation by Service

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing opportunities in and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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