Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Online Laundry Services Market size is expected to reach $110.1 billion by 2028, rising at a market growth of 28.4% CAGR during the forecast period.
The Laundry Care market acquired the high revenue share in the Global Online Laundry Services Market by Services Type in 2021, thereby, achieving a market value of $55.6 billion by 2028. The segment is being driven by the changing customer preference for tidy homes and garments as well as the rising importance of good health. The practice of cold-washing garments, which calls for low temperatures and high-performance detergents, is a result of growing environmental concerns. This in turn encourages customers to choose online laundry services for clothing intended for daily use.
The Commercial market shows the high growth rate of 30% during (2022 - 2028). This is a result of the expanding global hospitality industry. The need for online laundry services has developed as a result of a broad range of laundry services offered by hospitals, hotels, restaurants, and other similar enterprises. Additionally, businesses work hard to maintain reliable technology even as they launch new goods.
The North America market dominated the Global Online Laundry Services Market by Region in 2021, thereby, achieving a market value of $39,216.8 million by 2028. The Europe market is registering a CAGR of 27.9% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 28.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ByNext, Inc., Rinse, Inc., Laundryheap Limited, Mulberrys Garment Care, UClean (UConcepts Solutions LLP), Elite DhobiLite™ Laundry Private Limited, IHATEIRONING, Washmen Laundry LLC, and LaundroKart (Kleenco on Demand Services Private Limited).
By Services Type
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