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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 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 12-17
1.1%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
51,901
Businesses
22,791
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
  • ... purchase to read more

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 Locations Chapter

Industry operators are generally distributed according to population levels. The regions which account for the majority of industry revenue includes the Mid-Atlantic, the West, the Southeast and the Great Lakes. Laundromats are more likely to be located in regions that have large urban centers rather than suburban or rural populations. Cities generally have a higher share of individuals living in rental housing who are more likely to use laundromats rather than own their own washer and dryer.

Mid-Atlantic

The Mid-Atlantic has 32.0% of the nation’s laundromats and self-service dry cleaners. New York has by far the largest number of laundromats in the United States with 21.6% of the total. The.. ... purchase to read more

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... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • 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 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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