India Laundry Service Market Size, Share & Forecast 2026

1. FY2016 – FY2026 INDIA LAUNDRY SERVICE MARKET FORECAST AND OPPORTUNITIES • Published: September 2020 MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com

2. Table of Contents 2

3. Table of Contents Table of Contents 3

4. Table of Contents Table of Contents 4

5. List of Figures Air Coolers 5

6. List of Figures Air Coolers 6

7. List of Tables 7

8. PRODUCT OVERVIEW

9. Scope of Report Product of Interest (POI): Laundry Service India laundry service market is expected to witness significant growth during forecast period on account of increasing working population and rising disposable income. Laundry is a necessity and a time-consuming task for many. There has been a decline in the number of local washermen over the past few years, which has opened doors for laundry-based start-ups. These start-ups are hiring professional washermen and partners in order to cater to the needs of customers who want convenience and quality cleaning of clothes. Also, trend of using eco-friendly laundry chemicals is gaining prominence and laundry based companies are switching towards sustainable practices so as to save water, energy, and reduce operational costs. Market Segmentation Review Period FY2016 – FY2019 Base Year FY2020 Estimated Year FY2021 Forecast Period FY2022 – FY2026 Year Range LAUNDRY SERVICE MARKET SECTOR END USER • Residential • Commercial • Organized • Unorganized BUSINESS TYPE REGION • Online • Offline • North • South • West • East SERVICE • Wash & Fold • Wash & Iron 9

10. RESEARCH METHODOLOGY

11. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the India laundry service market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the India laundry service market Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers 11

12. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India laundry service market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing per capita income, emergence of smartphones and rising working population. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India laundry service market. Wee have covered laundry service market which includes The India laundry service market does not include dry cleaning and only ironing segment, laundry service must include washing of clothes. Methodology Followed for Calculation of Market Size: • Market Size By Value: Market size, in terms of value, for the year FY2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as laundry service providers, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 laundry service providers, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value chain stakeholders in India laundry service market to obtain the overall market size from FY2016 to FY2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2016-FY2020. 12

13. Research Methodology • Respondents were asked about the current and future market growth rates, market shares by sector, by business type, by service, by end user, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market sharesby sector, by business type, by service, by end user, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various sectors of laundry service market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India laundry service market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis 13

14. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. 14

15. Industry Brief 3 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. 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), JyothyFabricare 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. “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. 15

16. Sample Data - Snapshot 3 India Laundry Service Market Size, By Value (USD Billion), FY2016-FY2026F CAGR BY VALUE (FY2016-FY2020): xx% CAGR BY VALUE (FY2021E-FY2026F): xx% North India Laundry Service Market Share, By Service, By Value, FY2016-FY2026F North India Laundry Service Market Share, By End User, By Value, FY2016-FY2026F 16

17. Report Ordering 3 REPORT: INDIA LAUNDRY SERVICE MARKET FORECAST AND OPPORTUNITIES FY2016 – FY2026 To View Sample OR Purchase Report 17

18. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • India Furniture Rental Market By Category (Domestic Furniture; Corporate Furniture & Others), By Business Model (Self Inventory; Tie-Up With Various Vendor & Verified Vendor), By Furniture (Sofa; Wardrobe; Bed & Others), By Tenure (Upto 1 Year; 1-2 Year & Over 2 Years), Competition, Forecast & Opportunities, 2025 • Global Fabric Conditioner Market By Type (Liquid Fabric Softener and Fabric Softener Sheets), By Application (Laundry Services, Household Cleaning, Hospitality and Others), By Distribution Channel (Store Based Retail and Non-Store Retail), By End-User (Healthcare, Residential, Aviation, Automotive, Commercial and Others), By Company, By Region, Forecast & Opportunities, 2025 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.