How to Manage a Laundry Business [Case Study]

Laundry is a small yet important part of people’s everyday lives. They want their clothes to be clean and crisply ironed every day. However, time constraint makes it difficult for them to do the laundry. And that’s where the laundry business comes in light. Laundry business has been exhibiting an upward growth trend recently. It has the potential to develop into a rapidly growing industry, which makes it difficult to manage laundry business.

Globally, according to research, the market was valued at $66.6 billion in 2017. And, the U.S.A. contributed around 26.9% of the global laundry service market share. Online technology is taking hold of the market notably in previous years. It has revolutionized the on-demand industry. According to Zion Market Research, the online on-demand laundry business was evaluated at USD 9,358 million in 2016. The market is expected to show a CAGR of around 34% between 2016-2024. The future is as bright as sunshine but to manage laundry business is not an easy task especially when there is cut-throat competition. You should not only have complete knowledge about the market but also an understanding of blending technology and marketing with business.