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The company has announced a new business venture — innovative self-laundry service, which will be for university students, said a statement from LG Electronics India, a wholly owned subsidiary of South Korean chaebol (conglomerate) LG Electronics Inc.
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According to recent market research conducted by Technavio, the online on-demand laundry service market size is forecast to grow by $98.6 billion between 2021 and 2026, at a compound annual growth rate (CAGR) of 36.4 percent during the forecast period.
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Five countries — China, India, Singapore, Turkey and the UAE — have turned into "laundromats" for European countries that imposed price caps on Russian crude.
