China Online Laundry Service Market Size & Outlook
The online laundry service market in China is expected to reach a projected revenue of US$ 14,246.2 million by 2030. A compound annual growth rate of 35.9% is expected of China online laundry service market from 2024 to 2030.
In terms of revenue, China accounted for 5.8% of the global online laundry service market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China online laundry service market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,235.0 million by 2030.
Increasing penetration of broadband and mobile internet across China has driven the market for online services. In 2017, China had the highest rate of internet usage, followed by India and the U.S. Moreover, the shifting trend toward nuclear families poses an advantage for the market.
Millennials tend to spend more time on work and less time on daily house chores, which is increasing the preference for time-saving options, such as online laundry services. Increasing number of millennials in the country is expected to favor the market in the coming years.
China provides lucrative opportunities in the market owing to its large population. Moreover, the country is experiencing an increase in the concentration of laundry products & washing machine manufacturers, including Midea, Haier, Siemens, Little Swan, Panasonic, Samsung, Sanyo, and TCL Corporation.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Online Laundry Service Market Outlook will help companies and investors design strategic landscapes.
Laundry Care was the largest segment with a revenue share of 43.1% in 2023.
Horizon Databook has segmented the China online laundry service market based on laundry care, dry clean, duvet covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing penetration of broadband and mobile internet across China has driven the market for online services. In 2017, China had the highest rate of internet usage, followed by India and the U.S. Moreover, the shifting trend toward nuclear families poses an advantage for the market.
Millennials tend to spend more time on work and less time on daily house chores, which is increasing the preference for time-saving options, such as online laundry services. Increasing number of millennials in the country is expected to favor the market in the coming years.
China provides lucrative opportunities in the market owing to its large population. Moreover, the country is experiencing an increase in the concentration of laundry products & washing machine manufacturers, including Midea, Haier, Siemens, Little Swan, Panasonic, Samsung, Sanyo, and TCL Corporation.
China Online Laundry Service Market Service Outlook (Revenue, USD Million , 2018-2030)
Laundry Care
Dry Clean
Duvet
China Online Laundry Service Market Application Outlook (Revenue, USD Million , 2018-2030)
Residential
Commercial
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Horizon Databook provides a detailed overview of country-level data and insights on the China Online Laundry Service Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Online Laundry Service Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Online Laundry Service Market, 2018-2030 (US$M)