The changing development of customer lifestyle and people adopting luxury lifestyles has changed the trend in the laundry industry. During the past few decades, the laundry industry has seen significant growth in terms of value, which has fueled the growth of related services.
The average family does about 50 pounds of laundry per week. Moreover, due to increasing occupancy and urbanization, this number is expected to increase during the forecast period.
On the other hand, the launch of an app platform for on-demand laundry services is positively impacting the sales of the major players in terms of value.
Owing to their continued advancements in hospitality services, the commercial segment, which includes hotels, restaurants and others, is likely to hold a significant share of the global on-demand laundry services market.
Furthermore, the residential segment of the on-demand laundry services market is experiencing significant growth as a result of rising disposable income and increasing customer spend on apparel.
Global On-Demand Laundry Service Market: Market Dynamics
1. Drivers for On-Demand Laundry Service Market
Rising urbanization, rising disposable income and purchasing power, and rise in smart city projects globally are some of the factors that are driving the growth of the on-demand laundry services market.
Further, in addition to perks in the salaries of employees, they are more likely to purchase on-demand laundry services, which is expected to fuel the growth of the on-demand laundry services market during the forecast period.
2. Trends for On-Demand Laundry Service Market
Major players in the market are primarily focused on expanding their operations through the launch of on-demand laundry service apps and websites. This trend is fueling the growth of the on-demand laundry services market.
To compete in the global on-demand laundry services market, players are constantly adding services such as home pickup and delivery, instant laundry services, and more.
3. Opportunities for On-demand laundry service Market
Due to increasing customer demand, transportation and logistics companies such as Uber are expanding into the on-demand laundry service market.
4. Challenges for On-demand laundry service Market
New entrants in the market may face challenges like high capital investment, logistics issues etc. Furthermore, gaining customer trust is an important factor that a new company must consider when entering the untapped on-demand laundry services market.
Global On-demand laundry service Market: Key Players
Cleanly, Hamper, Rinse, Inc., The Hustle, FlyCleaners, DRVY, Procter Gamble, HamperApp, Mulberry Garment Care, iHeightironing, Adixie, Washman, PML Solutions, LaundryHeap, and Press Technologies Inc.
Global on-demand laundry services market. During the forecast period, these players are expected to have a positive impact on the growth of the on-demand laundry services market.
On-Demand Laundry Service Market: Regional Outlook
The increasing number of commercial facilities in North America that utilize on-demand laundry services is expected to fuel the market growth during the forecast period.
In addition, continuous service innovation is attracting customers to the on-demand laundry services market in North America.
Due to the luxury lifestyle of the region, Europe is expected to account for a significant share of the on-demand laundry services market.
Due to rapid urbanization and improvement in lifestyle of people, the online on-demand laundry services market in Asia Pacific region is expected to grow at a rapid pace.
Furthermore, rising consumer spending on smart city projects and lifestyle enhancements is expected to drive significant growth in the Asia Pacific on-demand laundry services market during the forecast period.
The significant growth in the tourism industry is expected to drive the growth of the on-demand laundry services market in the Middle East and Africa. Moreover, rising residential demand for on-demand laundry services is expected to propel the market growth in the region.
During the forecast period, the growth of the on-demand laundry services market of the region is expected to be fueled by industrial on-demand laundry app development company and the cooperative sector in Latin America.
Moreover, rising disposable income, employment and infrastructure spending in the region is expected to drive growth in the on-demand laundry services market during the forecast period.
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