On-Demand Laundry Service Market: Overview
Changing evolution of customer lifestyle and adoption of the luxury lifestyle by people has changed trends pertaining to the laundry industry. During the past decades the laundry industry has witnessed a significant growth in terms of value which in turn has fueled growth of the services related with it.
An estimate of 50 pounds of laundry per week is washed by average household. Moreover, this number is expected to increase during the forecast period due to increasing busyness of life and increasing urbanization. On other hand, launching of app platform for on-demand laundry services is positively influencing the sales of key players in terms of value.
The commercial segment including hotels, restaurants and others are likely hold a significant share in the global on-demand laundry service market due to continues advancement in their hospitality services. Moreover, residential segment in the on-demand laundry service market is witnessing a significant growth due to increasing disposable income and increasing customers spending on apparels.
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Global On-Demand Laundry Service Market: Market Dynamics
Drivers for On-Demand Laundry Service Market
Increasing urbanization, increasing disposable income & increasing customer purchasing power, increasing smart city projects across the world are some of the factors driving the growth of the on-demand laundry services market. Moreover, with addition of allowances in the employee’s salary, they are more likely to purchase on-demand laundry services which in turn is expected to fuel growth of the on-demand laundry service market during the forecast period.
Trends for On-Demand Laundry Service Market
Key players in the market are principally engaged in expansion of their business through launching of on-demand laundry service apps and websites. This trend is positively influencing growth of the on-demand laundry service market. On other, players are continuously addition services such as home pickup & delivery, urgent laundry services and others to compete the global on-demand laundry service market.
Opportunities for On-demand laundry service Market
Transportation and logistics players such as Uber are penetrating in the on-demand laundry service market due to increasing demand from the customer side.
Challenges for On-demand laundry service Market
New entrance in the market are expected to face challenges such as high capital investment, logistics issues and others. Moreover, winning trust of the customers is one of the key factor that a new company need to keep in mind while penetrating in the untapped on-demand laundry service market.
Global On-demand laundry service Market: Key Players
Some of the key players operating in the global on-demand laundry service Market are CLEANLY, Hampr, Rinse, Inc., The Hustle, FlyCleaners, DRVY, Procter & Gamble, Hamperapp, Mulberrys Garment Care, ihateironing, Edaixi, WASHMEN, PML Solutions, Laundryheap and Press Technologies Inc. among others. These players are expected to positively influence growth of the on-demand laundry service market during the forecast period.
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On-Demand Laundry Service Market: Regional Outlook
Increasing number of commercial facilities utilizing the on-demand laundry services in North America is expected to boost the growth of the market during the forecast period. Moreover continuous innovation in services are attracting the customers towards on-demand laundry service market in North America.
Europe is expected to hold a significant share in the on-demand laundry service market due to luxury lifestyle of people in region. The online on-demand laundry services market is expected to witness a rapid growth rate in the Asia Pacific region owing to the rapid urbanization and the improving lifestyle of the people.
Moreover smart city projects and increasing people spending on lifestyle improvement is expected to witness a significant growth of the on-demand laundry services market in Asia Pacific region during the forecast period. Significant growth of the tourism industry is expected to propel growth of the on-demand laundry service market in Middle East & Africa.
Moreover, increasing residential demand for on-demand laundry services in expected to drive growth of the market in the region. Industrial growth and growth of co-operate sector in Latin America is expected to fuel growth of the on-demand launder service market in the region, during the forecast period.
Moreover, increasing disposable income, increasing employments and increasing infrastructural spending in the region is expected to fuel growth of the on-demand laundry services market during the forecast period.
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