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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 | Feb 2015

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

IBISWorld’s Laundromats market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 SWOT Analysis Chapter

The Laundromats industry is in the declining stage of its industry life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is projected to rise at an average annual rate of 0.2% over the 10 years to 2020. By contrast, GDP is projected to rise 2.5% per year over the same period. Low IVA relative to the economy as a whole reflects the industry's falling contribution to the economy, a key indicator that this industry is declining. Other industry characteristics, such as fewer companies and declining employment over the 10-year period, firmly establish this industry in the declining life cycle stage.

The number of laundromats in the United States has also been declining steadily over the past decade... 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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