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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 | Jun 2016

Washed out: Increased competition and declining rental market will spin the industry into a decline

The Laundromats market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 11-16
1.2%
Annual Growth 16-21
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Profit
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Employment
51,467
Businesses
21,976
Industry Analysis & Industry Trends

The Laundromats industry includes companies that offer on-premises coin- or card-operated washers and dryers, as well as companies that operate self-service laundry and dry-cleaning equipment in apartments, dormitories and similar locations. Increased disposable income has led to increased competition from both household laundry machines and dropoff and pickup laundry and dry cleaning services. Over the next five years, industry revenue is expected to decline as more consumers purchase personal laundry appliances. This decrease will be compounded by rising rental vacancy rates, as more individuals purchase homes amid the housing market's recovery, thereby obtaining sufficient space for a washer and dryer... 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 0.5% over the 10 years to 2021. By contrast, GDP is projected to rise an annualized 2.2% during 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 services, coin-operated or similar self-serviceLaundries, coin-operated or similar self-serviceLaundry services, coin-operated or similar self-serviceSelf-service dry cleaners and laundries


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