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Online On-Demand Laundry Service Market by Types of Service (Laundry, Steam Press, Dry-Cleaning), by Equipment Type (Washing Machines, Commercial Dryers, & Pressing Machines), And by Geography - Industry Size & Trends Analysis And Forecast 2017-2030
Online On-Demand Laundry Service Market Overview
The online on-demand laundry service market is trending among the fast moving, career oriented people with a busy schedule who are offered convenient laundry services. On-demand service platform of high performance is essential to provide a clustered, fault-tolerant, on-demand, scalable solution to the customers. The internet penetration in an economy is the foremost parameter for the success of the online on-demand laundry service market. As per the analysis, in 2017 China had the largest internet penetration followed by India and the U.S.A. having 1004.11, 331.77and 272.43 number of internet users respectively, on the back of the large number of population. A trend of shifting from joint families to living alone or in a nuclear family is seen to be rising, thus posing an advantage for the online on-demand laundry service providers to expand their business by targeting this segment of population.
Online On-Demand Laundry Service Market Segmentation
By Types of Services
By Types of Equipment
Automatic Bifurcating equipment
By End Use Segment
Based on Geography
North America (U.S. & Canada) online on-demand laundry service market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) online on-demand laundry service market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) online on-demand laundry service market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) online on-demand laundry service market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
Middle East & Africa (GCC, South Africa, North Africa, RoMEA) online on-demand laundry service market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
Regional Market Share & Forecast
Based on geography, North America has the largest market share of online on-demand laundry service market of 38.2% because of the advanced logistics and high internet penetration providing accessibility for customers to get laundry done. Asia-Pacific being a developing region, the infrastructure is also developing at a significant rate and having a market share of 18.3% of the global total, proving to be an opportunistic market for the new entrants.
The Online on-demand laundry service market is projected to register a CAGR of 5.2% through the forecast period 2017-2030. Commercial end user segment is anticipated to be most opportunistic segment, owing to increasing adoption of on-demand model in commercial sector such as Hospitals, Hotels etc.
Market Trends, Drivers and Challenges
According to the report, there is a rising trend of angel investors or seed investors, investing in the startups of online on-demand laundry service business, making it viable to flourish in the highly competitive market and implement tactics to improve their business model. The model is mainly focused on timeliness, convenience and cost among the other factors.
The infrastructure development of a region such as internet penetration, devices that support the applications and the logistics infrastructure is the key driver for the growth and development of the online on-demand laundry service market. The developed countries are well equipped with such infrastructure facilities.
Further, the major challenge for the online on-demand laundry service market is high risk of earning low return on investment due to lack of skilled labor and low business margin, in order to keep up with the competition, discounts and other promotional offers are given. For example, Prim, Homejoy, Washio, and few other online on -demand laundry service were shut down owing to a common reason of wrong business model that could not let them stabilize in the market based on their cost and quality of service rendered.
Covered in This Online On-demand Laundry Service Market Report
The report covers the present ground scenario and the future growth prospects of the online on-demand laundry service market for 2017-2030 along with the global data of orders executed of the online on-demand laundry service products. We calculated the market size and revenue share on the basis of revenue generated from major players and number of client served by online on-demand laundry service from major players across the globe.
Online on-demand laundry service market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the online on-demand laundry service market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global online on-demand laundry service market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Key Market Players
Global online on-demand laundry service market report comprises of the following companies as the key players in the online on-demand laundry service market.
Mulberrys Garment Care
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.