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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

IBISWorld’s Laundromats market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Key Buyers Chapter

The Laundromats industry has a low market share concentration. In 2016, CSC ServiceWorks, the industry's only major player, is anticipated to comprise a notable 19.4% share of industry revenue. However, 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; 56.0% of companies in the industry do not employ any workers. According to the latest information from the Economic Census, 96.4% of companies have just one location. There are few labor requirements for the industry, with 89.7% of all industry establishments operating with only one to four employees... 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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