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.
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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, Europe, APAC, Middle East and Africa, and 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. W.L.L, 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.
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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)
Residential - size and forecast 2021-2026
Commercial - size and forecast 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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The predicted growth of the air cargo container market share from 2021 to 2026 is USD 203.69 million at a progressing CAGR of 4.85%.
The industrial services market share is estimated to reach a value of USD 11.37 billion from 2021 to 2026 at a CAGR of 5.29%.
Online On-demand Laundry Service Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 36.4%
Market growth 2022-2026
USD 98.6 billion
YoY growth (%)
Performing market contribution
North America at 34%
Leading companies, competitive strategies, consumer engagement scope
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. W.L.L, 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
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,
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
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by End-user
5.1 Market segments
5.2 Comparison by End-user
5.3 Residential - Market size and forecast 2021-2026
5.4 Commercial - Market size and forecast 2021-2026
5.5 Market opportunity by End-user
6 Market Segmentation by Service
6.1 Market segments
6.2 Comparison by Service
6.3 Laundry - Market size and forecast 2021-2026
6.4 Dry clean - Market size and forecast 2021-2026
6.5 Duvet clean - Market size and forecast 2021-2026
6.6 Market opportunity by Service
7 Customer Landscape
7.1 Customer landscape overview
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 North America - Market size and forecast 2021-2026
8.4 Europe - Market size and forecast 2021-2026
8.5 APAC - Market size and forecast 2021-2026
8.6 Middle East and Africa - Market size and forecast 2021-2026
8.7 South America - Market size and forecast 2021-2026
8.8 US - Market size and forecast 2021-2026
8.9 China - Market size and forecast 2021-2026
8.10 Germany - Market size and forecast 2021-2026
8.11 Japan - Market size and forecast 2021-2026
8.12 UK - Market size and forecast 2021-2026
8.13 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
9.4 Market trends
10 Vendor Landscape
10.2 Vendor landscape
10.3 Landscape disruption
10.4 Industry risks
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 American Dry Cleaning Co.
11.4 ByNext Inc.
11.5 CSC ServiceWorks Inc.
11.6 Delivery.com LLC
11.7 JUSTCLEAN GENERAL TRADING Co. W.L.L
11.8 Laundrapp Operations Ltd.
11.9 Laundryheap Ltd.
11.10 PML Solutions Pvt. Ltd.
11.11 Rinse Inc.
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
12.3 Currency conversion rates for US$
12.4 Research methodology
12.5 List of abbreviations
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