Online On-Demand Laundry Market: Segmented By Service (Laundry Care, Dry Clean and Duvet Clean); By Application (Residential and Commercial); and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Online on-Demand Laundry Services have developed themselves as a vital component of the service industry. On-demand mobile laundry apps make the washing process more efficient, reliable, and convenient. Customers can use these applications for anything from scheduling pickups to getting reviews on the service. Consumer behavior is one of the most recent developments that have turned conventional laundry into an on-demand service. The strategy has been met with total satisfaction by the customers. Consumers need a convenient service that allows for quick booking, pick-up, delivery to their doorstep, and monitoring of updates. More people are needed by entrepreneurs. The on-site and marketplace business models are suggested. The marketplace is suitable for startups without their own equipment. Users can connect to various laundry services via a platform. The marketplace provider is in charge of transactions. This operator gathers information about users' locations and preferences in order to organize distribution to laundries associated with the network. Entrepreneurs who own online laundry services, also known as on-demand laundry services, have an excellent opportunity to grow their businesses.
Market Highlights
Global Online On-Demand Laundry is expected to project a notable CAGR of 34.9% in 2030.
Global Online On-Demand Laundry to surpass USD 559.4 billion by 2030 from USD 26.94 billion in 2020 at a CAGR of 34.9% in the coming years, i.e., 2021-30. The adoption of online on-demand laundry services by residential users has grown significantly. Growing urbanization, changing lifestyles, mounting working population, and the rising innovations in online laundry services are driving the growth of the market. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the global Online On-Demand Laundry industry.
Global Online On-Demand Laundry Market: Segments
Laundry care segment to grow with the highest CAGR during 2020-30
Global Online On-Demand Laundry Market is segmented by service into Laundry care, dry clean, and duvet clean. Laundry care segment held the largest market share in the year 2020. The segment is being driven by a changing trend toward clean homes and clothing, as well as the increasing value of good health among consumers. The trend of cold washing clothes has emerged as a result of increasing environmental consciousness, which necessitates the use of low-temperature, high-performance detergents. As a result, customers are more likely to use an online laundry service for their daily wear clothing. Furthermore, growing environmental issues about laundry facilities have motivated businesses to seek sustainability. The implementation of green certificates has resulted in a decline in the industry's use of water and energy resources.
Residential segment to grow with the highest CAGR during 2020-30
Global Online On-Demand Laundry Market is segmented by application into residential and commercial. Over the forecast period, the residential channel is projected to expand at the fastest pace. Consumer expectations for skilled cleaning have changed as a result of growing health issues about personal hygiene and cleanliness, paving the way for online laundry services. Furthermore, businesses are starting up in the industry to analyze the unorganized market.
Market Dynamics
Drivers
Increasing Popularity of Smart Phones and Benefits Associated with On-Demand Laundry Services
The growing popularity of smartphones, as well as the internet's penetration into them, has increased the usage of online applications such as online on-demand laundry services. The various services provided by online on-demand laundry services, such as free pick-up and drop facilities, are a major factor driving the market's growth. The choice of getting the clothes delivered to the customer's doorstep saves not only time but also money. As a result, for customers who use online laundry services, it is a time-saving and cost-effective choice. Furthermore, using such services not only saves time and effort in maintaining the washing machine, but it also saves money, resulting in the global growth of the online on-demand services industry over the projected period.
Awareness for Eco-Friendly Laundry Detergents and Upcoming Business Models
Surging demand of Online On-Demand Laundry from numerous end-user industries is the key factor contributing in the market growth. Consumers' increased awareness and desire for eco-friendly laundry detergents, as well as the promotion of a clean and balanced lifestyle, are pushing up demand for laundry items. The upcoming opportunities that are likely to promote market growth include investments in online on-demand laundry services such as business models for starting an on-demand laundry business and product innovations, as well as an emphasis on the suitability factor of consumers.
Restraint
High Prices and Stringent Rules and Regulations
The market will be hindered by constraints such as high prices, stringent regulatory concerns, and policies surrounding environmental protection, as well as a lack of experience in operating updated online laundry services. The challenges include a lack of skilled labor and a low-margin market where the test is to find a long-term consumer base willing to pay a higher price. When the cost of logistics is smaller than the cost of real estate, the risk-reward ratio is high, consumer frustration is high, and customer loyalty is poor, real estate optimization occurs.
Global Online On-Demand Laundry Market: Key Players
Rinse Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
LaundryWala
Mulberrys Garment Care
ODTAP
Laundryheap Ltd.
Tide Spin
Zipjet Ltd.
WASHED
Wassup
DhobiliteTriumph International
Other Prominent Players
Global Online On-Demand Laundry Market: Regions
Global Online On-Demand Laundry is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Online On-Demand Laundry in North America held the largest market share in the year 2020 in terms of revenue. Laundry services have become more common as the region's population of health-conscious consumers increases. The demand for cleaning products has increased due to a change in consumer behavior toward a fragrance lifestyle, especially in developed countries. Furthermore, businesses are emphasizing the value of customer convenience and investing in new product creation and channels to provide customers with convenient laundry services.
Global Online On-Demand Laundry Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Online On-Demand Laundry Market report also contains analysis on:
Online On-Demand Laundry Market Segments:
By Service
Laundry Care
Dry Clean
Duvet Clean
By Application
Residential
Commercial
Online On-Demand Laundry Market Dynamics
Online On-Demand Laundry Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Online On-Demand Laundry Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Online On-Demand Laundry market
What is the Online On-Demand Laundry market growth
Which segment accounted for the largest Online On-Demand Laundry market share
Who are the key players in the Online On-Demand Laundry market
What are the factors driving the Online On-Demand Laundry market
Contents
1. Executive Summary
2. Global Online On-Demand Laundry Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Online On-Demand Laundry Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Online On-Demand Laundry Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Online On-Demand Laundry Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Service: Market Share (2020-2030F)
1. Laundry care, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Dry clean, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Duvet clean, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Application: Market Share (2020-2030F)
1. Residential, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Commercial, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. Rinse Inc.
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. LaundryWala
3. Mulberrys Garment Care
4. ODTAP
5. Laundryheap Ltd.
6. Tide Spin
7. Zipjet Ltd.
8. WASHED
9. Wassup
10. DhobiliteTriumph International
11. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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