Overview

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

IBISWorld’s Laundromats market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Rental vacancy rates are expected to decline, boosting demand for industry services
  • Rising utility costs constrained profit margins in an already competitive environment
  • Consumers living in rental housing are the primary market for the industry

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    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 five years to 2022, 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...

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    Industry Report - Industry Analysis Chapter

    Over the five years to 2017, Laundromats industry revenue is expected to increase at an annualized rate of 1.1% to $5.0 billion. This industry includes companies that operate self-service laundry and dry-cleaning equipment in laundromats, apartments, dormitories and similar locations. The industry’s customer base typically includes renters and university students, as well as owners of apartment buildings, property management companies, condominiums and other multifamily housing properties.

    Industry revenue primarily depends on consumers that live in rental or university housing and use coin- or card-operated laundry facilities onsite or at laundromats. Coi..

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    Additional Insights for the Laundromats Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laundromats Industry are

  • Must comply with government regulations
  • Effective cost controls
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Rental vacancy rates in the Laundromats industry impact industry performance..

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    Industry Products

    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 services
    Dryer services
    Self-service dry cleaning
    Commercial laundry services
    Industry Activities
    Automatic laundries, coin-operated
    Coin-operated dry cleaners and laundries
    Coin-operated laundry and dry-cleaning routes (i.e. concession operators)
    Dry-cleaning services, coin-operated or similar self-service
    Laundries, coin-operated or similar self-service
    Laundry services, coin-operated or similar self-service
    Self-service dry cleaners and laundries

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Rental vacancy rates
  • Urban population
  • Poverty rate
  • Number of college students
  • Price of electric power

  • Current Performance
  • Residential renters
  • Colleges and universities
  • Increased profit
  • Location
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry demand
  • Increasing competition
  • Profitability and participation
  • Table: Laundromats Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Laundromats Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Bed & Breakfast & Hostel Accommodations
  • Room, Board & Dorm Housing
  • Colleges & Universities
  • For-Profit Universities
  • Consumers

  • Key Selling Industries
  • Electric Power Transmission
  • Major Household Appliance Manufacturing
  • Soap & Cleaning Compound Manufacturing
  • Water Supply & Irrigation Systems

  • Products & Services
  • Washer services
  • Dryer services
  • Other
  • Self-service dry cleaning
  • Commercial laundry services
  • Chart: Laundromats Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Renters using laundromats
  • Renters using on-site laundry facilities
  • Commercial, industrial, service industries and routes
  • Colleges and universities
  • Homeowners
  • Chart: Major Market Segmentation for the Laundromats Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages Rent and utilitiesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Laundromats

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laundromats Industry

  • Industry Globalization
    Major Companies
    CSC ServiceWorks
  • Table: CSC ServiceWorks - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Laundromats Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Laundromats Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Rental Vacancy Rates (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Route Operator
  • Installs, services and maintains equipment in communal laundry facilities located in apartment blocks or colleges
  • Topload
  • Washer in which clothes are placed in the top of the machine.
  • Wash-And-Fold Services
  • Services in which consumers drop off items to be laundered, dried and folded by attendants and then typically picked up that day.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Laundromats:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Laundromats market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Laundromats, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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