According to a new report published by UnivDatos Markets Insights, the Online laundry service Market was valued at USD 20 billion in 2020 and is expected to grow at a CAGR of around 28% from 2022-2028. The analysis has been segmented into Service (Laundry Care, Dry Clean, Duvet Clean); Application (Residential and Commercial); Region/Country.

The Online laundry service market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Online laundry service market. The Online laundry service market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Online laundry service market at the global and regional levels.

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Market Overview

The online laundry service market has grown significantly over the years as appearance has become a vital part of every person’s life and providing laundry service to people in need can prove to be an effective way of doing business. These laundry services can be made accessible to the public with the help of a user-friendly application. A mobile application is something that provides an interface between the service provider and the customer. A mobile application can be built on several platforms, including android and iOS.

Moreover, various factors such as the hectic lifestyle of the consumers, growing demand for clean and fragrance-based clothes coupled with the use of environment-friendly chemicals has become more popular, and laundry-based business is working on sustainable procedures that are complying with government rules and regulations. Therefore, these factors are accentuating the market size of the online laundry service market.

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Some of the major players operating in the market Azkoyen Group, Cantaloupe Systems Inc., Westomatic Vending Services Limited, Royal Vendors Inc., Glory Ltd., Sanden Holding Corp., Seaga Manufacturing Inc., Orasesta S.p.A, Sellmart S.r.L, Fuji Electric Co. Ltd.

COVID-19 Impact

During Coronavirus Pandemic in 2020, the online laundry service market was severely impacted. It is mainly owing to the shutdown of hotels, and restaurants coupled with consumers around the world staying confined to their houses, and not much work was generated which severely impacted the market growth of the online laundry service market. Moreover, customers were more concerned about their health & hygiene while staying in their homes resulting in a self-laundry routine which had impacted the market.

The global Online laundry service market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

• Based on the service the online laundry service market is segmented into laundry care, dry cleaning, and duvet clean. The dry-cleaning segment caters substantial share of the market. It is mainly owing to the launch of new fabrics and garments that require dry cleaning as well as eco-friendly solvents which in turn is accentuating the demand for online laundry service. Moreover, laundry care also captured a significant share owing to the shifting trend toward clean homes and clothes and the growing importance of good health among consumers are factors driving the segment.
• Based on application, the online laundry service market is bifurcated into residential and commercial. The residential segment caters considerable share of the market. The changing working lifestyle and hectic schedule is escalating the demand for online laundry service coupled with an elderly population who are not able to do their basic chores and generally opt for laundry services escalating the residential segment share in the market. In addition, the commercial segment also accounts for a substantial share of the online laundry service market. The wide range of laundry services required by hotels, restaurants, hospitals, and other businesses are also driving the market size of online laundry services.

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Online laundry service Market Geographical Segmentation Includes:

• North America (United States, Canada, and Rest of North America)
• Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
• Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World

North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the expanding population of health-conscious consumers coupled with increasing consumer income is positively influencing the expenditure on laundry care in the United States is escalating the market size of online laundry services in the region as well.

The major players targeting the market include

• DhobiLite
• CLEANLY, Inc.
• FlyCleaners
• Laundrapp Ltd
• Zipjet Ltd
• Rinse, Inc.
• Mulberrys Garment Care
• Laundryheap Ltd.
• WASHMEN

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Online laundry service market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Online laundry service market?
• Which factors are influencing the Online laundry service market over the forecast period?
• What are the global challenges, threats, and risks in the Online laundry service market?
• Which factors are propelling and restraining the Online laundry service market?
• What are the demanding global regions of the Online laundry service market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?

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