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Laundromats in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Laundromats Market Research Report | NAICS 81231 | Apr 2014

Washed out: Increased competition and declining rental market will reinforce industry's decline

IBISWorld’s Laundromats market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 10-15
-0.6%
Annual Growth 15-20
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Profit
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Employment
51,393
Businesses
22,542
Industry Analysis & Industry Trends

The Laundromats industry includes companies that operate self-service laundry and dry-cleaning equipment in laundromats, apartments, dormitories and similar locations. Over the five years to 2014, industry revenue was hindered by rising rental vacancy rates, as a greater share of consumers pursued homeownership. Another trend that has adversely affected the industry is rising competition from laundromats and dry cleaners that offer pick-up and delivery services. The industry's declining sales over the past decade are forecast to continue in the five years to 2019. Heightened rental vacancy rates as the housing sector gains momentum and increasing homeownership rates will decrease demand for rental properties, which are the industry's largest target market... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Laundromats industry has a low market share concentration. In 2015, only CSC ServiceWorks in anticipated to comprise a notable share of industry revenue. The industry remains highly fragmented, with many small, private and family-owned businesses operating throughout the United States. The majority of companies in the industry are nonemployers; about 54.4% of companies in the industry do not employ any workers. According to the latest information from the Economic Census, 98.2% of companies have just one location. There are few labor requirements for the industry; nearly one-third of establishments operate without an attendant. The Laundromats industry is forecast to retain a low level over market share concentration over the next five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Laundromats Industry?

Companies in this industry primarily manage facilities with coin-operated or similar laundry and dry-cleaning equipment for customer use on the premises. Industry operators also supply and service coin-operated, smart card or similar self-service laundry and dry-cleaning equipment for customer use in other places of businesses, such as apartments and dormitories.

Industry Products
Washer servicesDryer servicesSelf-service dry cleaningCommercial laundry services
 
Industry Activities
Automatic laundries, coin-operatedCoin-operated dry cleaners and laundriesCoin-operated laundry and dry-cleaning routes (i.e. concession operators)Dry-cleaning machine routes (i.e. concession operators) coin-operated or similarDry-cleaning services, coin-operated or similar self serviceLaundries, coin-operated or similar self serviceLaundry machine routes (i.e. concession operators), coin or card operated or similarLaundry services, coin-operated or similar self-serviceSelf-service dry cleaners and laundries


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