disposable income and hectic working schedules to drive India laundry service
market during forecast period
to TechSci Research report, “India Laundry Service Market By Sector, By Business
Type, By Service, By End User, By Payment Method, Competition, Forecast &
Opportunities, 2024”, India
laundry service market is anticipated to grow at a double digit CAGR during the
forecast period on account of increasing per capita income, emergence of
smartphones and rise in the working population. Doing laundry was considered as
a time-consuming chore and growing prevalence of on-demand laundry services are
driving the growth of the market. On-demand laundry start-ups have started
delivering dry cleaned and washed clothes at doorstep with the assistance of
local washermen in the area. Factors like nominal capital required, no-entry
barriers and good returns associated with the laundry make it a profitable
market. However, shortage of skilled labor and low margins associated with
business can hinder the growth of the market.
market data Figures and Tables spread through Pages and an
in-depth TOC on “India
Laundry Service Market”
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, whereas 5% in the market
is organized owing to the emergence of on-demand laundry service. On the basis
of payment method, the market can be bifurcated into cash and online. Online is
the preferred payment method for paying on these apps as they offer cashbacks
Major players operating in the laundry
service market include Laundry Project Pvt. Ltd. (Wassup), Aap Ka Dhobi,
PickMyLaundry, Urban Dhobi, Dirk Da Dhobi, Doormint, Tooler, Laundry Anna,
Dhobilite, among others. Laundry start-ups are also adopting technologies like
smartphone and IoT. Integration of smart meters in smart washing machine
provides information pertaining to the load size, amount of detergent required,
and time taken for laundry. The advent of such smart technologies is driving
the growth of the laundry service market in India.
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“India laundry service market is anticipated to grow at a double digit
CAGR in the next five years on account of increase in working couples leading
to hectic schedules and emergence of laundry-based start-ups. Moreover, growing
utilization of technology to serve customers in a better way is further driving
India laundry service market.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Laundry Service Market By Sector, By Business Type, By Service, By End User, By Payment Method, Competition, Forecast & Opportunities, 2024” has analyzed the potential of laundry service market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India laundry service market.
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