The global Online Laundry Service market size is expected to reach USD 113.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 35.8% over the forecast period. Increasing awareness regarding personal hygiene and cleanliness is expected to expand the scope of online laundry services.
Increasing penetration of internet based devices as well as m-commerce operations trigger the market demand. Furthermore, rising adoption of fragrance lifestyle has urged the consumers to invest in these facilities with utmost convenience and affordability. The online services provide various facilities incorporating consumer’s convenience such as free pick and delivery services, which, in turn, has fueled the market demand.
On-demand laundry services are expected to witness growth as they provide the comfort of availing fresh and clean clothes without taking them to coin operated public machines. Moreover, increasing penetration of smart technology introduced in washing machines benefit in minimizing the chaos of resource exploitation. Overuse of resources such as water and energy are cut through with the advent of new technologies in the laundry industry. For instance, Hydrofinity launched XConnect, which is a cloud based system that tracks the cycle data of laundry including consumption of water and electricity.
Request a Free Sample Copy of this Report @ https://www.radiantinsights.com/research/online-laundry-service-market/request-sample
The residential application segment held the largest market share owing to the maximum utility of laundry facilities by consumers on a daily basis. Increasing internet penetration across developing countries such as India and China has driven the market for online services. In 2017, China had the largest penetration rate of internet usage, followed by India and U.S. Moreover, shifting trend towards nuclear families poses an advantage for the global market on account of decreased number of members in the family.
Prominent players in the online laundry service market focus on technology aspect to derive the most out of the market. For instance, in October 2018, Hughes, after the acquisition of Armstrong Commercial Laundry Systems, have launched Hughes Pro, a commercial laundry and dishwashing dealership. This dealership supports on premise laundries on a national scale.
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.
Download Full Research Report of Online Laundry Service Market @ https://www.radiantinsights.com/research/online-laundry-service-market
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope1.2. Market Definition1.3. Information Procurement1.3.1. Purchased Database1.3.2. GVR’s Internal Database1.3.3. Secondary Sources & Third-Party Perspectives1.3.4. Primary Research1.4. Information Analysis1.4.1. Data Analysis Models1.5. Market Formulation & Data Visualization1.6. Data Validation & Publishing
Chapter 2. Executive Summary2.1. Market Outlook2.2. Segmental Outlook2.3. Competitive Insights
Chapter 3. Online Laundry Service Market Variables, Trends & Scope3.1. Market Introduction3.2. Penetration & Growth Prospect Mapping3.3. Industry Value Chain Analysis3.3.1. Sales/Retail Channel Analysis3.3.2. Profit Margin Analysis3.4. Market Dynamics3.4.1. Market Driver Analysis3.4.2. Market Restraint Analysis3.4.3. Industry Challenges3.4.4. Industry Opportunities3.5. Business Environment Analysis3.5.1. Industry Analysis – Porter’s3.5.1.1. Supplier Power3.5.1.2. Buyer Power3.5.1.3. Substitution Threat3.5.1.4. Threat from New Entrant3.5.1.5. Competitive Rivalry3.6. Roadmap of Online Laundry Service Market3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis4.1. Consumer Trends and Preferences4.2. Factors Affecting Buying Decision4.3. Consumer Product Adoption4.4. Observations & Recommendations
Chapter 5. Online Laundry Service Market: Service Estimates & Trend Analysis5.1. Service Movement Analysis & Market Share, 2018 & 20255.2. Laundry Care5.2.1. Market estimates and forecast, 2015 – 2025 (USD Million)5.3. Dry Clean5.3.1. Market estimates and forecast, 2015 – 2025 (USD Million)5.4. Duvet Clean5.4.1. Market estimates and forecast, 2015 – 2025 (USD Million)
Continued…
Read more related reports by Radiant Insights:
1. Probiotic Skin Care Cosmetic Product Market – https://www.radiantinsights.com/research/2013-2028-report-on-global-probiotic-skin-care-cosmetic-product-market
2. Sunglasses Market – https://www.radiantinsights.com/research/2013-2028-report-on-global-sunglasses-market
Media ContactCompany Name: Radiant Insights, Inc.Contact Person: Michelle Thoras, Corporate Sales Specialist – USAEmail: Send EmailPhone: (415) 349-0054, Toll Free: 1-888-928-9744Address:201 Spear Street 1100, Suite 3036 City: San FranciscoState: CACountry: United StatesWebsite: https://www.radiantinsights.com/research/online-laundry-service-market