USD 20.1 billion
Report ID:
SQMIG25S2022 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Online Laundry Services Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 30.70% during the forecast period (2025-2032).
The global online laundry services market is a rapidly growing industry, driven by the increasing adoption of online and on-demand services. The purpose of the market is to provide customers with a convenient and hassle-free way of accessing laundry services, without the need for physical trips to the laundromat or dry cleaner. One of the primary drivers of the global online laundry services market is the increasing adoption of smartphones and the Internet. As more people gain access to these technologies, they are more likely to use online laundry services. Moreover, the COVID-19 pandemic has further accelerated the growth of the market, as consumers look for contactless and safe alternatives to traditional laundry services.
Another factor augmenting the growth of the global online laundry services market is the increasing rate of urbanization and busy lifestyles of consumers. People in urban areas are more likely to use online laundry services because of their busy schedules and lack of time to visit physical laundry locations. Online laundry services provide a convenient and time-saving solution for these consumers. However, there are also some restraints in the market, such as the lack of trust in online laundry service providers, especially for first-time users. Additionally, the lack of regulations and quality standards in some countries can pose a challenge to the growth of the market.
Key trends in the global online laundry services market include the increasing use of artificial intelligence and machine learning in laundry services, as well as the growing popularity of eco-friendly laundry services. Furthermore, there are opportunities in the market for service providers to expand their offerings to include specialized laundry services such as dry cleaning, stain removal, and others.
US Online Laundry Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 20.1 billion
Largest Segment
Laundry care
Fastest Growth
Dry cleaning
Growth Rate
30.70% CAGR
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online laundry services Market is segmented on the basis of service, application, and region. By service, the market is segmented into laundry care, dry cleaning, and duvet cleaning. In terms of application, the market is segmented into residential and commercial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Online Laundry Services Market Analysis by Service
Laundry care has emerged as the largest service segment, accounting for approximately 52% of the total revenue in the online laundry services market in 2022. This can be attributed to the increasing trend towards clean homes and clothes, as well as the growing importance of good health among consumers. Additionally, the rising environmental awareness has led to a trend of cold-washing clothes, which requires low temperatures and high-performance detergents. As a result, consumers are opting for online laundry services for their daily wear clothes.
The dry-cleaning segment is also expected to witness significant growth, with a projected CAGR of 29.1% from 2023 to 2030. This is due to the fact that modern-day clothes and garments are often made with fashionable fabrics and accessories that cannot be washed at home. Therefore, consumers are increasingly turning to professional dry-cleaning services. Moreover, the use of eco-friendly solvents and advanced technology by service providers is further increasing the adoption of these services.
Online Laundry Services Market Analysis by Application
The residential segment has emerged as the largest application segment, accounting for over 60% of the global revenue in the online laundry services market in 2022. This can be attributed to the increasing consumer preference for professional cleaning services, driven by rising health concerns regarding personal hygiene and cleanliness. The entry of startups in the industry has also contributed to the growth of this segment. Additionally, the elderly population who are unable to perform their basic chores often opt for laundry services, further fueling the growth of the residential segment. Furthermore, the busy lifestyles of younger generations have also led them to opt for online laundry services.
The commercial application segment is expected to witness significant growth, with a projected CAGR of 31.3% from 2023 to 2030, due to the growing hospitality industry worldwide. Hotels, hospitals, restaurants, and other such businesses are increasingly offering a wide range of laundry services, leading to an increase in demand for online laundry services. Moreover, companies are focusing on maintaining robust technology and introducing new products to the market to stay competitive.
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North America is the leading region in the global online laundry services market due to several factors. One of the primary drivers of the North American online laundry services market is the busy lifestyle of consumers in the region. With many people leading hectic lives, there is a high demand for services that can help save time and make life more convenient. Online laundry services provide an easy solution to the problem of busy schedules, allowing customers to order laundry services from the comfort of their homes. In addition, North America has a well-developed infrastructure, with advanced technology and high disposable income, making it an attractive market for online laundry services.
The widespread adoption of e-commerce platforms has further boosted the growth of the online laundry services market in North America. Consumers in North America are comfortable with online transactions, and they expect the same level of convenience when it comes to laundry services. Furthermore, the COVID-19 pandemic has also played a significant role in the growth of the online laundry services market in North America. With people spending more time at home, the demand for home-based services has surged, including online laundry services.
The Asia-Pacific region is experiencing explosive growth in the online laundry services market due to several factors, making it the fastest-growing region in the market. One of the primary drivers of the growth of online laundry services in the Asia-Pacific region is the increasing urbanization and population. As more people move into urban areas, they are looking for convenient and time-saving services, such as online laundry services. Furthermore, the growing popularity of smartphones and the internet in the region has made it easier for consumers to access and order laundry services online. The Asia-Pacific region also has a large and growing middle class, which is driving the demand for premium laundry services. These consumers are willing to pay a premium for high-quality services that meet their specific needs, such as eco-friendly laundry services, dry cleaning, and other specialized laundry services.
Another significant factor driving the growth of the online laundry services market in the Asia-Pacific region is the increasing investment in the e-commerce sector. The region is home to some of the world's largest e-commerce companies, such as Alibaba and JD.com, which are heavily investing in the laundry services sector. These investments are driving innovation and growth in the market, creating new opportunities for both consumers and service providers.
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Online Laundry Services Market Drivers
Convenience for Working Class People
Time saving Feature
Cost saving and Efficient Performance
Online Laundry Services Market Restraints
Lack of trust
Quality concerns
Regional differences
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The global online laundry services market is highly competitive and fragmented, on account of the presence of a large number of small and medium-sized companies operating in different regions of the world. The market is characterized by rapid technological advancements, changing consumer preferences, and the entry of new players. Some of the key players in the global online laundry services market are constantly striving to improve their services and expand their customer base. They are adopting various strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to strengthen their market position.
Other companies that are not exclusively focused on online laundry services, but operate in the broader laundry and cleaning services industry, are also entering the online laundry services market to tap into its growing demand. The intense competition in the market is leading to the development of innovative technologies, improved service quality, and competitive pricing. The growing awareness among consumers about the benefits of online laundry services and the convenience they offer is expected to further fuel the competition in the market.
Online Laundry Services Market Top Player’s Company Profiles
Online Laundry Services Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Online Laundry Services Market is rapidly growing and is expected to continue its upward trajectory in the coming years. The market is being driven by various factors, including the rising trend toward clean homes and clothes, increasing environmental awareness, and the growing importance of good health among consumers. Additionally, the busy lifestyles of consumers and the convenience of online laundry services are driving the market growth. Regionally, North America dominates the global online laundry services market, while the Asia-Pacific region is the fastest-growing market. The residential segment is the largest application segment, accounting for over 60% of the global revenue in 2021, while the commercial segment is expected to witness significant growth due to the growing hospitality industry worldwide. The laundry care service segment has emerged as the largest segment, accounting for approximately 52% of the total revenue in the market in 2021, while the dry-cleaning segment is projected to witness significant growth due to the increasing demand for professional cleaning services for modern-day clothes and garments.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0 Billion |
Market size value in 2032 | USD 0 Billion |
Growth Rate | 30.70% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Online Laundry Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Online Laundry Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Online Laundry Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Online Laundry Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25S2022
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