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Growing Women's Participation In The Workforce Fueling The Growth Of The Market Due To Increasing Need For Time-Saving Household Solutions: Powering Innovation and Expansion in the Online Laundry Service Market by 2025
Online Laundry Service Market
What Is the Expected CAGR for the Online Laundry Service Market Through 2025?
In recent times, there has been an astronomical growth in the market size of online laundry services. The market is projected to increase from $32.11 billion in 2024 to $40.74 billion in 2025, with a compound annual growth rate (CAGR) of 26.9%. Factors contributing to the growth in the preceding period include the rapid proliferation of smartphones and internet connectivity, shifting preferences towards subscription-based laundry schemes, heightened consciousness about the care of fabric and extending the life of clothing, a surge in relocation and migration within city areas, and the rising influence of app-oriented home service platforms.
What's the Projected Size of the Global Online Laundry Service Market by 2029?
Anticipations suggest a considerable surge in the online laundry service market size in the following years, reaching $104.29 billion in 2029, with a CAGR of 26.5%. This projected growth within the predicted timeframe can be linked with an increasing preference for contact-free pickup and delivery services, a rising emphasis on green detergents and water-preserving technologies, enhanced use of digital payment and wallet systems, and expanding service reach into tier 2 and tier 3 cities. Noteworthy trends observed for the forecast period involve progression in automation and robotic sorting systems, the creation of app-integrated real-time order monitoring, breakthrough in sustainable and biodegradable packaging solutions, progress in AI-driven demand prediction tools, and evolution of subscription-based high-end laundry service plans.
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Top Growth Drivers in the Online Laundry Service Industry: What's Accelerating the Market?
The increasing presence of women in the workforce is driving the market's growth due to the escalating demand for quick and efficient household solutions.
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What Trends Will Shape the Online Laundry Service Market Through 2029 and Beyond?
Prominent entities in the internet-based laundry service sphere are intensifying their focus on designing state-of-the-art solutions, such as digital platforms that are easy to navigate, to provide a more efficient, expedient, and uninterrupted laundry service. A digital platform that is simple to use permits customers to schedule, monitor, and handle payments for laundry services without any inconvenience. For instance, in February 2024, India's technology firm, LG Electronics India, introduced a novel self-laundry service business primarily aimed at the educational industry. This service leverages LG's superior, internet-enabled commercial washing machines and dryers, enabling customers to manually control the machines via a user-friendly, application-based interface. This project involves the establishment of 200 self-laundry centers featuring LG commercial washing machines, with Galgotias University being the pioneer, where students can effortlessly book machines, handle them, and carry out automatic payments through a dedicated mobile application, underpinned by an investment of $4 million to boost convenience and modernize student living areas.
What Are the Main Segments in the Online Laundry Service Market?
The online laundry service market covered in this report is segmented
1) By Service Type: Wash And Fold, Dry Cleaning, Laundry Subscription, Other Service Types
2) By Payment Method: Online Payment, Cash On Delivery
3) By Application: Residential, Commercial
4) By End-User: Individual, Corporate
Subsegments:
1) By Wash And Fold: Regular Wash, Express Wash, Premium Wash
2) By Dry Cleaning: Clothing Dry Cleaning, Home Textile Cleaning, Leather And Suede Cleaning
3) By Laundry Subscription: Weekly Subscription, Monthly Subscription, Custom Subscription
4) By Other Service Types: Ironing Only, Stain Removal, Pickup And Delivery
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Which Top Companies are Driving Growth in the Online Laundry Service Market?
Major companies operating in the online laundry service market are Urban Company Private Limited, LaundryGenius Inc., Press Technologies Incorporated, Rinse Incorporated, Washmen FZ LLC, ihateironing.com Ltd., WashClub Inc., LaundryBox Inc., Laundryheap Limited, MyClean Inc., Mulberrys Garment Care Limited, CleanCloud Limited, DhobiLite Pvt. Ltd., ByNext Inc., Lapels Dry Cleaning, Laundry Locker Inc., Hamperapp Inc., Pressing Matters USA, PML Solutions Limited, Wassup Laundry Services Private Limited.
Which Regions Will Dominate the Online Laundry Service Market Through 2029?
North America was the largest region in the online laundry service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in online laundry service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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