What is Rental Laundry Service?
Renting Laundry Services is simple and convenient. Experts complete this service in a timely manner. Professionals ensure that the clothes are not harmed while being washed and cleaned. There has been a significant shift in the laundry industry in recent years, from washing clothing to using coin-operated washing services. Consumers value convenience as a result of their hectic lifestyles, and they are increasingly turning to dry-cleaning and laundry services to make their lives easier. Rental laundry services are gaining popularity as dependable and convenient services at a reasonable price because busy consumers are willing to pay for their laundry these days.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Rental Laundry Service market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Folde (United States), Laundris (United States), Lindström (Finland), Washbnb (United States), LaundryLounge (United States), Union Lido (Italy), Laundryheap (United Kingdom), County Linen (United Kingdom), SWS GROUP (Australia), OCL Laundry (United States) and Magic Laundry Services (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Wash Cycle Laundry (United States), Sunny HomTel Service (Australia), Washed (United States) and M & F Laundry Service (United States).
Segmentation Overview
AMA Research has segmented the market of Global Rental Laundry Service market by Type (Blankets, Pillow Cases, Bath Towels, Table Cloths, Uniforms, Clothes and Other), Application (Hotels, Restaurants, Apartments, Hospital and Other) and Region.
On the basis of geography, the market of Rental Laundry Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Dry Cleaning will boost the Rental Laundry Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 12 December 2021, Laundryheap, the world’s fastest-growing on-demand laundry and dry cleaning platform, has strengthened its B2B linen rental services by rebranding its specialised vertical as ‘Laundryheap Linen’ and investing in a new 3,000 sq ft warehouse in Dubai, UAE to drive the operations.
Market Drivers
- Rising Urbanization Has Reduced The Spare Time Of Individuals Which In Turn Is Driving The Growth Of The Market
- Growth In The Hospitality Sector
Opportunities
- High-Speed Washing And Cost Efficiency Are The Factors That Drive The Market
- Growing Awareness Among The People For Hygienic And Efficient Cleaning Systems
Restraints
- High Cost Of Rental Laundry Service
Challenges
- Intense Competition In The Market
- Lack of Availability of Rental Laundry Service in Rural Area
Key Target Audience
Rental Laundry Service Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.