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Online On-Demand Laundry Service Market to Grow by USD 145.72 Billion by 2027, Driven by Busy Lifestyles; Report Highlights AI’s Impact on the Industry – Technavio

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NEW YORK, Sept. 6, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global online on-demand laundry service market size is estimated to grow by USD 145.72 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of almost 39.38%  during the forecast period. Busy lifestyle allowing very little time for laundry is driving market growth, with a trend towards adoption of technology to automate laundry and delivery processes. However, high risk-reward ratio and low-margin business  poses a challenge. Key market players include American Dry Cleaning Co., ByNext Inc., CSC ServiceWorks Inc., Delivery.com LLC, Elite DhobiLite Laundry Pvt. Ltd., EXPERTO URBANTECH PVT LTD, ihateironing.com Ltd., JUSTCLEAN GENERAL TRADING Co. W.L.L, Laundrology Comprehensive Services, Laundryheap Ltd., LaundryWala, Mr. Laundrywala, Mulberrys Franchising LLC, PML Solutions Pvt. Ltd., Rinse Inc., Simmeera India Pvt. Ltd., The Procter and Gamble Co., Washmen Laundry LLC, Wassup On Demand, and WishWash Laundry.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Online On-demand Laundry Service Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 39.38%

Market growth 2023-2027

USD 145.72 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

33.41

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 34%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

American Dry Cleaning Co., ByNext Inc., CSC ServiceWorks Inc., Delivery.com LLC, Elite DhobiLite Laundry Pvt. Ltd., EXPERTO URBANTECH PVT LTD, ihateironing.com Ltd., JUSTCLEAN GENERAL TRADING Co. W.L.L, Laundrology Comprehensive Services, Laundryheap Ltd., LaundryWala, Mr. Laundrywala, Mulberrys Franchising LLC, PML Solutions Pvt. Ltd., Rinse Inc., Simmeera India Pvt. Ltd., The Procter and Gamble Co., Washmen Laundry LLC, Wassup On Demand, and WishWash Laundry

Market Driver

Online on-demand laundry services are revolutionizing the industry by integrating technology to automate processes and decrease turnaround times. Cleanly, for instance, utilizes software for automatic clothing sorting in fulfillment centers, enabling customers to report issues or make special requests through apps. This software also assists cleaners in batching, sorting, and labeling clothes via a dashboard, reducing turnaround time to 24 hours. DRVY’s Routific API manages delivery routes automatically, eliminating manual routing and optimizing logistics operations. These technological advancements positively impact the growth of the global online on-demand laundry market by improving efficiency and customer experience. 

The on-demand laundry market is experiencing significant growth with the rise of online laundry services like Laundryheap. This trend is transforming the traditional laundry industry with on-demand apps making it easier for customers to get their clothes cleaned and pressed at their convenience. Companies in Germany, Canada, France, and China are jumping on board, offering on-demand washing and dry-cleaning services through their apps. Mulberrys Garment Care is one such player in this space, providing high-quality laundry services to meet the increasing market demand. The on-demand laundry business is expected to continue growing, offering a profitable opportunity for businesses looking to enter this sector. 

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 Market Challenges

•         The on-demand laundry market operates in a low-profit margin economy, necessitating swift expansion to offset costs. Laundry services involve handling valuable customer items, making trust a crucial factor. Providing consistent, error-free service is challenging. For instance, ZIPJET earns USD246 in profit from processing 100 linen blazers at USD12.30 each. However, even a 1% error rate can result in significant losses, exceeding profits. These incidents negatively impact profits and brand image, potentially hindering market growth. In London, a new linen blazer costs between USD117 and USD170, making errors particularly costly. Companies must prioritize quality control to mitigate risks and maintain customer trust.

•         The on-demand laundry service market is experiencing significant growth as more people opt for the convenience of having their clothes picked up, washed, and delivered right to their doorstep. Companies like Mulberrys Garment Care lead the landscape in this sector, offering dry cleaning and laundry services in countries such as Germany, Canada, France, and China. However, this market faces challenges in terms of pricing, quality, and efficiency. Customers seek affordable pricing, high-quality results, and efficient turnaround times. Innovation through digital platforms and mobile apps, on-demand scheduling, and subscription models are key to staying competitive. Questions around subscription pricing, washing and cleaning technology, and delivery logistics remain important for market players to address. Overall, the on-demand laundry business is a time-saving solution for consumers, responding to the modern lifestyle and digital trend.

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Segment Overview 

This online on-demand laundry service market report extensively covers market segmentation by  

End-user 1.1 Residential1.2 CommercialService 2.1 Laundry2.2 Dry clean2.3 Duvet cleanGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Residential-  Online on-demand laundry services have gained significant popularity due to their convenience and time-saving benefits. Customers can easily place orders through mobile apps or websites, and their clothes are picked up, cleaned, and delivered back to them at their doorstep. This service caters to both individuals and businesses, offering various washing and drying options, including express services for an additional fee. The use of technology enables efficient management of orders and communication with customers, ensuring a seamless experience. Online on-demand laundry services have become a practical solution for those with busy schedules or limited access to laundry facilities.

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Research Analysis

The online on-demand laundry service market has experienced significant growth in recent years, driven by the consumer lifestyle evolution towards convenience and time savings. Societal adoption of technology and the increasing prevalence of luxury lifestyles have fueled the demand for this service. The working-class population, particularly working women, benefit greatly from the affordability and ease of having their laundry picked up and delivered to their doorstep. Bedding and other large items, such as duvets, are popular choices for this service. The residential segment is a major consumer base, but the commercial application segment is also growing rapidly, with businesses opting for eco-friendly laundry detergents and WaterSense label certifications to reduce their environmental impact. The laundry business caters to various segments, including the laundry care segment for personal laundry and the dry clean segment for professional garment care. Patching services are also available for those with skin diseases or allergies, ensuring that their clothes are cleaned and repaired without causing irritation. Business models vary from subscription-based services to pay-per-use, with companies like Tide Cleaners and Laundry Care offering organic laundry detergent options and Dry Clean providing eco-friendly dry cleaning services. Overall, the online laundry service market is a growing industry that caters to diverse consumer needs and preferences.

Market Research Overview

The on-demand laundry service market is experiencing significant growth as more and more people turn to the convenience of having their clothes washed, dried, and folded at the click of a button. This digital innovation allows users to schedule pickup and drop-off times through mobile apps, making it a time-saving solution for busy consumers. The market landscape is diverse, with players in various regions such as Germany, Canada, France, China, and more, offering different pricing models and subscription services. The industry’s CAGR is projected to increase at a rate, driven by the lifestyle needs of people seeking quality and efficiency in their laundry services. The on-demand laundry business is transforming the traditional laundry industry, with companies like Laundryheap, On Demand Laundry, and others leading the charge. These businesses offer on-demand washing, dry cleaning, and laundry services, making it a one-stop solution for all laundry needs. The future of the on-demand laundry market looks promising, with continuous innovation and digital advancements set to redefine the way we approach laundry services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userResidentialCommercialServiceLaundryDry CleanDuvet CleanGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Greenlane Renewables Announces Management and Board of Director Changes

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~Appointment of Stephanie Mason as CFO completes planned succession~

VANCOUVER, BC, Nov. 15, 2024 /CNW/ – Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN) (FSE: 52G) today announces the appointment of Stephanie Mason as Chief Financial Officer (“CFO”), effective January 13, 2025.

Ms. Mason brings over 15 years of experience to her new role as Greenlane’s CFO. Ms. Mason has been with Greenlane for over 4 years, most recently as Director of Finance following a promotion from Corporate Controller. Prior to working at Greenlane, Ms. Mason gained experience at other TSX-listed renewable energy companies managing teams responsible for financial reporting, regulatory compliance and other finance activities. Ms. Mason developed her strong accounting foundation at PricewaterhouseCoopers where she obtained her CPA, CA designation.

“We are excited to welcome Stephanie into the role of CFO,” said Brad Douville, CEO of Greenlane Renewables. “Stephanie brings a depth of expertise in finance, reporting, and operations and provides continuity in leadership at Greenlane. Transitioning overall financial leadership from Monty Balderston to Stephanie starting at the beginning of 2025 completes a planned succession as we continue to advance our strategic goals in the RNG space. During his tenure as CFO over the last couple of years, Monty has provided solid leadership of the finance function at Greenlane and played a pivotal role on the senior management team. I want to thank Monty for all of his contributions.”

“I am honored to become Greenlane’s CFO. This is an organization recognized for its commitment to sustainability and innovation,” stated Ms. Mason. “I look forward to contributing to the company’s financial reporting strength and supporting its growth objectives.”

Mr. Balderston will remain as CFO until voluntarily resigning effective January 13, 2025. Mr. Balderston will support the transition to Ms. Mason upon her appointment, following which he will leave the Company on January 24, 2025.

Further to the management update announced on August 23, 2024, Ian Kane will be completing his transitional role as President and will leave the Company on November 22, 2024 when he will step down from Greenlane’s Board of Directors. The Company wishes to thank Mr. Kane for all of his efforts in helping drive Greenlane’s business plan.

About Greenlane Renewables

Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading specialist in biogas upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years. The systems we provide transform biogas generated from organic waste into high-value grid-ready renewable natural gas (“RNG”). Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources including agriculture (such as dairy and hog manure), water resource recovery facilities, food waste, landfills, and sugar mills. Greenlane is the only biogas upgrading company offering and actively deploying the three main upgrading technologies: waterwash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. Greenlane has delivered over 145 biogas upgrading systems into 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulfurization units. For further information, please visit www.greenlanerenewables.com.

SOURCE Greenlane Renewables Inc.

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Eastside Distilling, Inc. Announces Private Placement Offering

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Eastside Distilling, Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000.

PORTLAND, Ore. and PROVIDENCE, R.I. , Nov. 15, 2024 /PRNewswire-PRWeb/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a holding company for Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and for Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000. Under the terms of a Securities Purchase Agreement, the Company sold $1,938,000 in original issue discount Senior Secured Notes (the “Notes”) and Pre-Funded Warrants to purchase 363,602 shares of Common Stock (the “Warrants”).

Joseph Gunnar & Co., LLC acted as the exclusive placement agent in connection with the Offering.

For an overview of the terms of the securities and transactions involved in the Offering, and copies of the forms of transaction documents entered into in connection therewith, please refer to the Company’s Current Report on Form 8-K filed on November 15, 2024 with the Securities and Exchange Commission. The Company plans to utilize the net proceeds for working capital and general corporate expenses, among other uses.

About Eastside Distilling

Eastside Distilling, Inc. (Nasdaq: EAST) is a producer of award-winning craft spirits, including whiskey, vodka, and rum. Founded in Portland, Oregon, Eastside is committed to quality, innovation, and sustainability, delivering exceptional products that reflect the spirit of the Pacific Northwest.

About Beeline Financial Holdings, Inc.

The Company recently closed on a merger with Beeline Financial Holdings, Inc. Beeline is a technology-driven mortgage lender offering a fully digital, AI-enhanced, platform that simplifies and accelerates the home financing process for homeowners and property investors. Based in Providence, RI, Beeline is dedicated to transforming the mortgage industry through innovative technology and customer-centric solutions.

Media Contact

Nick Luzza, BEELINE MORTGAGE , LLC Refinance, 1 4014184461 4014184461, nick@makeabeeline.com, https://www.eastsidedistilling.com/ 

View original content:https://www.prweb.com/releases/eastside-distilling-inc-announces-private-placement-offering-302306634.html

SOURCE BEELINE MORTGAGE , LLC Refinance

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The game-changer: New partnership between real estate tech innovator and luxury brokerage investor just gave agents at select firms valuable advantages and ease

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DALLAS, Nov. 15, 2024 /PRNewswire/ — The parent company of Briggs Freeman Sotheby’s International Realty, the leading luxury brokerage in Dallas, Fort Worth and all of North Texas, announces its groundbreaking partnership with Rechat, real estate’s only AI-powered Experience Management Platform for agents.          

Peerage Realty Partners, the world’s largest strategic investor in Sotheby’s International Realty affiliates, and Dallas-based Rechat have just advanced the real estate industry in a significant leap, through state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate technology.          

Rechat was built to solve a universal and persistent problem faced by agents: the need to toggle between disparate platforms to manage the various aspects of their business. Briggs Freeman Sotheby’s International Realty has been working with Rechat almost since its beginning, as a first client, test case and collaborator. Now, years of innovation later, Rechat includes a marketing center, people center and deals center, allowing advisors to work within one integrated ecosystem to streamline tasks, automate listing marketing, create high-quality collateral, track transactions and more.          

Says Rechat CEO Shayan Hamidi: “We are dedicated to equipping agents with all of the tools they need — in one single tab or one single app — to excel in today’s competitive market.”          

Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America. Its brokerage partners include top Sotheby’s International Realty affiliates and other renowned independent firms. It has more than 6,100 advisors across 206 offices in the U.S. and Canada, to whose brokerages it provides strategic input, technology, marketing, operational expertise and much more. Its primary goal is to continually enhance the client, advisor and brokerage experiences through every phase of a transaction and beyond. Peerage Realty is projected to transact about $34.8 billion in sales in 2024 through its partner firms. Peerage Realty Partners, based in Toronto, Canada, has the unique benefit of being a privately owned enterprise, committed to long-term partnerships and investments.  

Says Gavin Swartzman, CEO of Peerage Realty Partners: “We are delighted to partner with Rechat to enhance our technological capabilities and provide our advisors with industry-leading tools. This collaboration aligns seamlessly with our ongoing commitment to leveraging innovation to better serve our clients and propel growth across our network.”    

To learn more, visit briggsfreeman.com, rechat.com and peeragerealty.com.

Peerage Realty Partners — the parent company of Dallas-based Briggs Freeman Sotheby’s International Realty and the world’s largest strategic investor in Sotheby’s International Realty affiliates — and Dallas-based Rechat, the creator of real estate’s only AI-powered Experience Management Platform for agents, have just advanced the real estate industry via state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate tech. Rechat has eliminated the need for agents to toggle between disparate platforms to manage the various aspects of their business. After years of collaboration with Briggs Freeman Sotheby’s International Realty, Rechat now includes a marketing center, people center and deals center, allowing advisors to streamline tasks, automate listing marketing, create collateral, track transactions and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-game-changer-new-partnership-between-real-estate-tech-innovator-and-luxury-brokerage-investor-just-gave-agents-at-select-firms-valuable-advantages-and-ease-302306550.html

SOURCE Briggs Freeman Sotheby’s International Realty

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