On-Demand Laundry Services

The Global Personal Services Market, a part of the personal services industry, grew at a compound annual growth rate (CAGR) of around 5% during the historic period. The personal services industry showed a steady growth. The growth is mainly due to the rapid urbanization, rising disposable income, increasing pet population, higher female employment and changing customer lifestyles and preferences driving demand for more sophisticated personal services.

In the forecast period, the global personal services market size is expected to be over $1 trillion by 2021, growing at a CAGR of nearly 6%. This is expected due to the expected increase in demand for personal services due to increasing urban population, strong economic growth and rising disposable income in emerging markets, increasing awareness about personal care, growing pet population and changing consumer preferences. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global personal services market in the future.

Find TBRC’s report on the Personal Services Market: https://www.thebusinessresearchcompany.com/report/personal-services-global-market-report-2018

The demand for on demand laundry services is growing rapidly owing to the convenience it offers. These mobile apps allow customers to remotely order dry-cleaning or laundry service, share preferences and request delivery. On demand laundry service providers pick up clothes and linen from customers, clean and deliver it back to customers at a preferred time.

Major companies in the personal services market, offering new technology include Service Corporation International, Sears Holdings, Best Buy, Regis Corporation, Weight Watchers International Inc., Medifast Inc., Fu Shou Yuan International Group.

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