Online Laundry Service Market Overall Growth,Industry Trends And Future ScopePosted by Neha Bora on October 18th, 2019 San Francisco, 18 October 2019: The Report Online Laundry Service Market Size, Share & Trends Analysis Report By Service (Laundry Care, Dry Clean, Duvet Clean), By Application, By Region, And Segment Forecasts, 2019 – 2025 The global online laundry service market size is expected to reach USD 113.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 35.8% over the forecast period. Increasing awareness regarding personal hygiene and cleanliness is expected to expand the scope of online laundry services. Increasing penetration of internet based devices as well as m-commerce operations trigger the market demand. Furthermore, rising adoption of fragrance lifestyle has urged the consumers to invest in these facilities with utmost convenience and affordability. The online services provide various facilities incorporating consumer’s convenience such as free pick and delivery services, which, in turn, has fueled the market demand. On-demand laundry services are expected to witness growth as they provide the comfort of availing fresh and clean clothes without taking them to coin operated public machines. Moreover, increasing penetration of smart technology introduced in washing machines benefit in minimizing the chaos of resource exploitation. Overuse of resources such as water and energy are cut through with the advent of new technologies in the laundry industry. For instance, Hydrofinity launched XConnect, which is a cloud based system that tracks the cycle data of laundry including consumption of water and electricity. The residential application segment held the largest market share owing to the maximum utility of laundry facilities by consumers on a daily basis. Increasing internet penetration across developing countries such as India and China has driven the market for online services. In 2017, China had the largest penetration rate of internet usage, followed by India and U.S. Moreover, shifting trend towards nuclear families poses an advantage for the global market on account of decreased number of members in the family. Prominent players in the online laundry service market focus on technology aspect to derive the most out of the market. For instance, in October 2018, Hughes, after the acquisition of Armstrong Commercial Laundry Systems, have launched Hughes Pro, a commercial laundry and dishwashing dealership. This dealership supports on premise laundries on a national scale. Access Research Report of Online Laundry Service Market @www.grandviewresearch.com/industry-analysis/online-laundry-service-market Further key findings from the study suggest:
Grand View Research has segmented the global online laundry service market on the basis of service, application, and region: Online Laundry ServiceOutlook (Revenue, USD Million, 2015 - 2025)
Online Laundry ServiceApplication Outlook (Revenue, USD Million, 2015 - 2025)
Online Laundry ServiceRegional Outlook (Revenue, USD Million, 2015 - 2025)
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