Global Online On-demand Laundry Service Market Share Likely to Surpass At a CAGR of 36% By 2030

According to Custom Market Insights (CMI), the Global “Online On-demand Laundry Service Market” research report comprises historic data, current market estimations & forecasts, PEST analysis, driving & restraining factors, upcoming technologies, and competitive analysis, and technological developments concerning the related industry. Further, the report categorizes the key profiles of global key players.

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Additionally, the global Online On-demand Laundry Service market potential report is studied with the amalgamation of steps, including industry insights and practical solutions. As per the research on the “Global On-demand Laundry Service Market”, the market size is estimated at around USD 81 billion in 2021 and is projected to witness a CAGR growth of approximately 36% during 2022-2030.

Online On-demand Laundry Service Market: Overview

The Online On-demand Laundry Service industry is experiencing high growth worldwide. These services are commonly booked through mobile apps. Customers can conveniently arrange for easy door pick-up and drop-off service. A shift in trend from standard laundry to on-demand laundry has been noticed with the rising internet penetration and an increasing number of online service providers.

Growth Factors

The increased adoption of Online On-demand Laundry Services among residential users in the past few years. Rising urbanization, surging working population, changing lifestyles, as well as the adoption of technological innovations in the online laundry services industry is fueling the growth of the Online On-demand Laundry Service market. Further, the rapid growth of online luxury stores is also boosting the sales of high-end products. Moreover, the growth in E-commerce enables convenient purchasing of goods produced in remote locations. Thus, it has made a significant contribution to supporting the growth of the Online On-demand Laundry Service market. However, the high prices of efficient laundry services are hindering the growth of the market to a certain extent. Also, the rise in public awareness regarding the significance of living a healthy and hygienic lifestyle has led to high demand for laundry services.

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Segmental Overview

The market for Online On-demand Laundry Service is bifurcated into service and application. Based on service, the market is led by the laundry care segment. By application segment, the commercial application is projected to lead the market. The growth is attributed to the rising number of hospitals, hotels, medical clinics, and eateries, across the world. Moreover, the residential segment is also experiencing notable growth during the forecast period.

Regional Overview

Increased Working-Class Population in Asia-Pacific

Asia Pacific region is expected to experience high growth in its online on-demand. The rising middle-class population coupled with urbanization in the region is one of the key factors boosting the market growth. The growing awareness and encouragement of working women are one of the key factors boosting the market growth. Further, the busy lifestyle of people in the region is also boosting the market growth. Although, the market in North America is expected to hold the dominant position in 2021 followed by Europe.