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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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G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

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ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.

Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.

Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”

In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.

“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”

By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.

About G42

G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today.
To know more visit www.g42.ai.

Media contacts
Media and PR Team, G42
media@g42.ai

View original content:https://www.prnewswire.co.uk/news-releases/g42-collaborates-with-nvidia-to-deliver-next-generation-climate-solutions-using-earth-2-302253818.html

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Kawasaki and CB&I Sign Strategic Collaborative Agreement for Promoting Commercial-Use Liquefied Hydrogen Supply Chain

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HOUSTON, Sept. 19, 2024 /PRNewswire/ — Kawasaki Heavy Industries, Ltd. (Kawasaki) and CB&I, a wholly owned unrestricted subsidiary of McDermott, announced today their signing of a strategic agreement for promoting a commercial-use liquefied hydrogen (LH2) supply chain and realizing a zero-carbon-emission society. The signing ceremony took place at Gastech Exhibition & Conference in Houston on September 18, 2024.

“We are very pleased for this opportunity to build and launch a commercial liquefied hydrogen supply chain in cooperation with CB&I,” said Motohiko Nishimura, President, Energy Solutions & Marine Engineering Company, Kawasaki Heavy Industries, Ltd. “By taking advantage of both companies’ strengths and specialized know-how, we aim to cost down hydrogen, strengthen hydrogen supply chain competitiveness, and accelerate the transition to a zero-carbon society.”

Both companies will use their specialized know-how to provide infrastructure that will enable commercial-scale international LH2 supply chains in order to help achieve carbon-neutrality. By leveraging our combined expertise to deliver large-scale LH2 infrastructure solutions, CB&I and Kawasaki are removing barriers, driving down costs and enhancing scalability across the entire supply chain.

“This strategic partnership represents a significant advancement in liquid hydrogen storage capabilities,” said Mark Butts, Senior Vice President of CB&I. “Our technical expertise and extensive experience in liquid hydrogen storage position us at the forefront of the energy transition, delivering reliable storage solutions and executing projects worldwide with proven success.”

Under this agreement, the companies will provide infrastructure to advance the global realization of a sustainable energy economy and meet decarbonization targets. This collaboration will reduce LH2 infrastructure costs and contribute to more widespread use of this clean and efficient energy source.

About CB&I
CB&I is the world’s leading designer and builder of storage facilities, tanks, and terminals. With more than 60,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. CB&I is a wholly owned unrestricted subsidiary of McDermott. To learn more, visit www.cbi.com.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

About Kawasaki Heavy Industries, Ltd.
Kawasaki Heavy Industries, Ltd. is general engineering manufacturer with over 125 years of experience manufacturing products spanning land, sea and air. Kawasaki established the Kawasaki Group’s new vision statement, “Group Vision 2030: Trustworthy Solutions for the Future,” and is focusing on three fields, “A Safe and Secure Remotely-Connected Society,” “Near-Future Mobility,” and “Energy and Environmental Solutions” in order to provide solutions for social issues. For “Energy and Environmental Solutions” in particular, by securing the technology necessary for the entire supply chain (for production, transportation, storage and utilization) ahead of the rest of the world, Kawasaki aims to bring about a society that utilizes hydrogen, the ultimate clean energy that emits no carbon dioxide when used. To learn more, visit https://global.kawasaki.com/en.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected benefits from the collaboration agreement discussed in this press release.  Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

For media inquiries, please use the contact information below:

Reba Reid
Global Media Relations
+1 281 588 5636
RReid@McDermott.com

Kristi Krupala-Grove
CB&I Media Relations
+1 346 313 9636
KKrupala2@mcdermott.com

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SOURCE McDermott International, Ltd

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Halal Route Application – Eat, Travel around Thailand, Safe and Sound Halal Style

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BANGKOK, Thailand, Sept. 20, 2024 /PRNewswire/ — The Halal Science Center, Chulalongkorn University has developed Halal Route, an application that lists restaurants, lodging, mosques, prayer directions, and tourist attractions in Thailand under Islamic tourism principles. It hopes to help Muslim tourists travel in Thailand with peace of mind, and supports tourism industry operators to grow and welcome a growing number of Muslim tourists.

The Tourism Authority of Thailand (TAT) predicts that in 2024 there will be around 168 million Islamic tourists worldwide.  According to the Mastercard-Crescent Rating Global Muslim Travel Index (GMTI 2024), Thailand is the 32nd most popular destination for Muslim tourists.  However, the major problem Muslim tourists encounter in Thailand is finding Halal-accredited restaurants, hotels, accommodations, or tourist attractions with service areas (such as prayer rooms) that are compliant with the Islamic way.

Halal Route” is a travel aggregator app that collects searchable information on Halal restaurants, mosques, prayer locations, times, and directions for prayers (the qibla), tourist attractions, Muslim villages or communities, hotels, accommodations, etc.  This app is linked to Google Maps for navigation with precision. It also supports 3 languages, Thai, English, and Arabic, so that Muslim tourists can live and travel more comfortably and with peace of mind,” said Mr.Erfun Weahama, Science Service Officer, Halal Route App development team.

Dr. Anat Denyingyot, Assistant Director of the Halal Science Center, emphasized that the Halal Route application has the most reliable and comprehensive information on halal tourism in Thailand today. “All restaurants and locations have had on-site visits and are audited according to standards approved by a trusted authority or organization, such as certifications from religious organizations or halal food-related entities, as well as management systems to guarantee and be responsible for halal conditions (the HAL-Q system),” Dr. Anat assured.

Currently, the application has more than 1,100 restaurants in its database, and new locations and services are being updated, covering more than 40 provinces from north to south of Thailand that are popular among tourists.

Halal Route is not only for navigation, but a platform that connects Muslim communities from around the world who have the opportunity to visit Thailand,” Associate Professor Dr.Winai Dahlan, Director of the Halal Science Center concluded.

The Halal Route application is free to download on both iOS and Android systems.

Read the full article at https://www.chula.ac.th/en/highlight/185916/  

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SOURCE Chulalongkorn University

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