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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: Increasing substitute services and rising utility costs will hinder revenue growth

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 09-14
-0.1%
Annual Growth 14-19
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Profit
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Employment
49,073
Businesses
21,499
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 decline stage of its industry life cycle. Indicators of this stage are: decreasing profitability, fewer companies and establishments, declining employment and decreasing industry value added. Industry value added, which measures the industry's contribution to GDP, is projected to decline at an average annual rate of 0.2% over the 10 years to 2019. By contrast, GDP is projected to rise 2.7% per year over the same period. Therefore, the industry's contribution to GDP is diminishing over time.

The number of laundromats in the United States has also been declining steadily over the past decade. IBISWorld projects that the number of industry establishments will decline at an annualized rate of 1.7% over the 10 years to 2019... 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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