Product ID: SQMIG25S2022
Global Online Laundry Services Market Size, Share, Growth Analysis, By Service(Laundry care, dry cleaning), By Application(Residential and commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG25S2022 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Global Online Laundry Services Market Insights
Online Laundry Services Market size was valued at USD 20.1 billion in 2021 and is poised to grow from USD 26.27 billion in 2022 to USD 223.71 billion by 2030, at a CAGR of 30.70% during the forecast period (2023-2030).
The global online laundry services market is a rapidly growing industry, driven by the increasing adoption of online and on-demand services. The purpose of the market is to provide customers with a convenient and hassle-free way of accessing laundry services, without the need for physical trips to the laundromat or dry cleaner. One of the primary drivers of the global online laundry services market is the increasing adoption of smartphones and the Internet. As more people gain access to these technologies, they are more likely to use online laundry services. Moreover, the COVID-19 pandemic has further accelerated the growth of the market, as consumers look for contactless and safe alternatives to traditional laundry services.
Another factor augmenting the growth of the global online laundry services market is the increasing rate of urbanization and busy lifestyles of consumers. People in urban areas are more likely to use online laundry services because of their busy schedules and lack of time to visit physical laundry locations. Online laundry services provide a convenient and time-saving solution for these consumers. However, there are also some restraints in the market, such as the lack of trust in online laundry service providers, especially for first-time users. Additionally, the lack of regulations and quality standards in some countries can pose a challenge to the growth of the market.
Key trends in the global online laundry services market include the increasing use of artificial intelligence and machine learning in laundry services, as well as the growing popularity of eco-friendly laundry services. Furthermore, there are opportunities in the market for service providers to expand their offerings to include specialized laundry services such as dry cleaning, stain removal, and others.
US Online Laundry Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Online Laundry Services Market Report Snapshots
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