Sat. Nov 27th, 2021

Rising disposable income and hectic working schedules to drive India laundry service market during forecast period

According to TechSci Research report, India Laundry Service Market By Sector (Organized & Unorganized), By Business Type (Online & Offline), By Service (Wash & Fold; & Wash & Iron), By End User (Residential & Commercial), By Region, Competition, Forecast & Opportunities, FY2026, India laundry service market was valued USD 35.83 Billion in FY2020 and is forecast to grow at CAGR of 4.96% through FY2026. Rising per capita disposable income has altered consumer mindset. Due to increasing disposable income, people are spending more on the laundry services and looking for more convenience in their day to day life. Whether it is traditional laundry services or modern laundry services, they are accepting both in the current scenario and always looking for better options. In addition, the availability of professional laundry services through online channels is also fueling the growth of laundry services in India and trend is expected to continue during the forecast period.

In India, due to continuously increasing working class population, dual income families and working women, a rising number of people are opting for laundry services on account of their busy lifestyle and giving more priority to the other important chores. In addition, professionals staying away from the home are opting for the laundry services as they neither get time nor do they use washing machines, which is often a time taking process.

Browse 4 market data Tables and 24 Figures spread through 74 Pages and an in-depth TOC on  India Laundry Service Market “

https://www.techsciresearch.com/report/india-laundry-service-market/4230.html

 India laundry service market can be segmented based on sector, business type, service, end user, payment method and region. In terms of sector, 95% of the market is unorganized, emergence of on-demand laundry service is contributing to the share of 5% in the market, which is organized.

Some of the major players operating in India laundry service market include UClean India Private Limited (UClean), Elite Dhobilite Laundry Pvt Ltd (Dobilite), PML Solutions Pvt Ltd (Pick My Laundry), Laundry Project Pvt.Ltd (Wassup Laundry), Jyothy Fabricare Services Ltd.(Fabricspa), Tumbledry Solutions Pvt. Ltd (Tumble Dry), Paramsons Solutions Pvt. Ltd.(Dhobiwala), Tresnupog Incomer Services Pvt Ltd.(The Swiss Laundry), The Laundry Basket and Mywash Laundry Services (myWash) among others. Companies operating in laundry service industry are operating based on the different business models as per the best fit depending on their offerings. The major business models include (i) franchise model, where people can be a part of established laundry chains that perform laundry activities on their own; (ii) hyperlocal business model, where the laundry service provider can get in touch with the local garment cleaner in order to complete the task; (iii) the inventory less business models where one can outsource the machinery and equipment. etc. These 3 business models are in trend, which are mainly followed and practiced by the players operating in India laundry service market.

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“In FY2020, North India accounted for the largest share, in value terms, in the country’s laundry service market owing to service expansion of many companies and increasing acceptance from the costumers.  North India is the highest revenue generator in laundry service market and the region’s market size in laundry service market is anticipated to increase during the forecast period as well. Growth in demand for laundry services in North India can be attributed to high population density coupled with increasing awareness about brands and western culture. Moreover, improving lifestyles and increasing per capita disposable income due to growing working population is expected to drive the demand for laundry services in North India in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 “India Laundry Service Market By Sector (Organized & Unorganized), By Business Type (Online & Offline), By Service (Wash & Fold; & Wash & Iron), By End User (Residential & Commercial), By Region, Competition, Forecast & Opportunities, FY2026 has evaluated the future growth potential of India Laundry Service market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India Laundry Service market.

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