Technavio estimates the online on-demand laundry service market size to grow by USD 58.02 billion between 2019 and 2024, progressing at a CAGR of almost 33% during the forecast period.
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Online On-Demand Laundry Service Market: Vendor Landscape
The online on-demand laundry service market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Vendors are adopting various organic and inorganic growth strategies to remain competitive in the market. ByNext Inc., Delivery.com LLC, Dry Cycle Brands LLC, DRYV Inc., Justclean General Trading Co. WLL, Laundrapp (Ops) Ltd., Laundryheap Ltd., PML Solutions Pvt. Ltd., Rinse Inc., and Washmen Laundry LLC are some of the dominant players in the market.
ByNext Inc.: The company offers online on-demand laundry services including dry cleaning, laundered shirts, and wash and fold.
Delivery.com LLC: The company offers online on-demand laundry services including wash and fold, dry cleaning, tailoring, and other services.
Dry Cycle Brands LLC: The company offers various online on-demand laundry services including dry cleaning, wash and fold, and others.
The convenience offered through logistics services and increasing penetration of the internet and smartphones will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Online On-Demand Laundry Service Market: Segmentation
- End-user
- Geography
- North America
- Europe
- APAC
- South America
- MEA
- Service
- Laundry
- Dry Clean
- Duvet Clean
By end-user, the market is witnessing significant demand from the residential segment users. The segment is driven by factors such as rapid urbanization, changing lifestyles, increasing working population, and rising innovations in online laundry services. In addition, the increasing number of vendors offering online on-demand laundry services, especially in North America is contributing to the growth of the segment.
Similarly, by service, the laundry segment is generating maximum revenue in the market. The segment is driven by the growth in the number of internet users and changing lifestyles.
In terms of geography, North America will generate maximum growth opportunities for market vendors during the forecast period. The region is witnessing an increase in the number of dual-income households and a rise in the number of working women. In addition, increasing number of start-ups offering online on-demand laundry services are fueling the growth of the regional market.
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Online On-demand Laundry Service Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist online on-demand laundry service market growth during the next five years
- Estimation of the online on-demand laundry service market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the online on-demand laundry service market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online on-demand laundry service market vendors
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Online On-demand Laundry Service Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 33% |
Market growth 2020-2024 |
USD 58.02 billion |
Market structure |
Fragmented |
YoY growth (%) |
18.92 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ByNext Inc., Delivery.com LLC, Dry Cycle Brands LLC, DRYV Inc., Justclean General Trading Co. WLL, Laundrapp (Ops) Ltd., Laundryheap Ltd., PML Solutions Pvt. Ltd., Rinse Inc., and Washmen Laundry LLC |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Service
- Market segments
- Comparison by Service
- Laundry - Market size and forecast 2019-2024
- Dry clean - Market size and forecast 2019-2024
- Duvet clean - Market size and forecast 2019-2024
- Market opportunity by Service
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ByNext Inc.
- Delivery.com LLC
- Dry Cycle Brands LLC
- DRYV Inc.
- Justclean General Trading Co. WLL
- Laundrapp (Ops) Ltd.
- Laundryheap Ltd.
- PML Solutions Pvt. Ltd.
- Rinse Inc.
- Washmen Laundry LLC
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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