Global Online On-Demand Laundry Service Market Will Reach USD 96,155 million by 2024: Zion Market Research

According to the report, global online on-demand laundry service market was valued at around USD 9,358 million in the year 2016 and it is expected to reach approximately USD 96,155 million by 2024. The global online on-demand laundry service market is expected to exhibit a CAGR of around 34% between 2017 and 2024.

New York, NY, April 19, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Online On-demand Laundry Service Market by Type (Laundry, Dry clean, and Duvet clean); by Application (Residential and Commercial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2024’’.

According to the report, global online on-demand laundry service market was valued at around USD 9,358 million in the year 2016 and it is expected to reach approximately USD 96,155 million by 2024. The global online on-demand laundry service market is expected to exhibit a CAGR of around 34% between 2017 and 2024.

Browse through 13 Tables & 15 Figures spread over 110 Pages and in-depth TOC on "Global Online On-demand Laundry Service Market: By Type, Size, Share, Segments and Forecast 2016 – 2024”.

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Market Report Highlights:

• Economies such as India and China are expected to experience a significant market growth owing to the increasing number of commercial laundry facilities in the countries.
• Lack of awareness about the online on-demand laundry services limits the growth of the market.
• Increasing disposable income and improving lifestyle have propelled the global online on-demand laundry service market.
• Growing adoption of smartphones coupled with the increasing penetration of the internet will trigger the growth of the online on-demand laundry service market.
• By type, laundry segment dominated the global market in 2017 with a major market share of more than 45%.
• The laundry segment is anticipated to register the highest CAGR growth of more than 32% during the forecast period.
• Duvet clean segment is also expected to register a good CAGR during the forecast period in the global online on-demand laundry services market. The growing adoption of duvet cleaning in commercial sector such as hotels, hospitals, etc. is expected to drive the growth of the segment.
• The rising demand for an online platform for laundry services is expected to drive the growth of online on-demand laundry service over the forecast period.
• The rising adoption of online on-demand laundry services solutions for commercial purpose is expected to propel the growth of the market over the forecast period. 
• The increasing adoption of the m-commerce platforms is expected to accelerate the growth of online on-demand laundry services in developing countries.
• North America holds the dominant position in the global online on-demand laundry service market with around 32% share in 2017.
• The U.S. is the leading country in the online on-demand laundry service market in North America.
• The Asia Pacific is expected to register the highest growth rate in the global online on-demand laundry services market.

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According to the analysts and insight shared by industry experts during primary research, demand for online on-demand laundry services from the residential sector is expected to open up many opportunities for the online on-demand laundry service market.

Laundry, dry clean, and duvet clean are the three types of online on-demand laundry services. The laundry segment accounted for a major share in the online on-demand laundry service market in 2017. Regularly used office clothes and daily home wears are given to the laundries as they do not require special attention like in case of party wear, suits, and blazers, or other clothes that have a special set of washing instructions. As most of the clothes that come to the laundry are just for washing and ironing rather than for dry cleaning the laundry segment contributed the major share in the online on-demand laundry service market. It is anticipated that this segment will dominate in the forecast period also and will register the highest CAGR of more than 32%.

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The residential segment is dominating the online on-demand laundry service market. The segment accounted for the more than 60% of revenue share in 2016 in the global online on-demand laundry services market. As commercial places such as hospitals, hotels, and restaurants have their own laundry services thus they rarely rely on the online laundry services thus major market share is contributed by the residential segment. Increasing disposable income and improving the lifestyle of the people have propelled the demand for online on-demand laundry service. 
    
The market is growing rapidly in the developed regions. North America has registered an influential share in the online on-demand laundry service market in 2017. In North America, the U.S. contributed more than 80% of revenue share in 2016. Increasing number of commercial facilities utilizing these services has boosted the demand for online on-demand laundry service in the country. The online on-demand laundry services market will witness a rapid growth rate in the Asia Pacific and is anticipated to register the highest CAGR growth owing to the rapid urbanization and the improving lifestyle of the people.

Browse the full " Online On-demand Laundry Service Market by Type (Laundry, Dry clean, and Duvet clean); by Application (Residential and Commercial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2024" report at https://www.zionmarketresearch.com/report/online-on-demand-laundry-service-market

The major market players in the online on-demand laundry service market are CLEANLY, delivery.com, DRYV, Edaixi, FlyCleaners, ihateironing, Laundrapp Ltd., PML Solutions Pvt. Ltd., Rinse, Inc., LaundryWala, Mulberrys Garment Care, ODTAP, Laundryheap Ltd., Tide Spin, Zipjet Ltd., WASHMEN, and Wassup, among others. 

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The global online on-demand laundry service market is segmented on the basis of the type, application, and the geographical regions.

Global Online On-demand Laundry Service Market: Type Segment Analysis 

• Laundry 
• Dry clean 
• Duvet clean

Global Online On-demand Laundry Service Market: Application Segment Analysis

• Residential 
• Commercial 

Global Online On-demand Laundry Service Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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