India Laundry Service Market to Surpass USD 41.77 Billion by FY2026
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
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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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