U.S. Laundry Facilities & Dry-Cleaning Services Market Size, Share & Trends Report

U.S. Laundry Facilities & Dry-Cleaning Services Market Size, Share & Trends Analysis Report By Type, By Application, Competitive Landscape, And Segment Forecasts, 2018 - 2025

  • Published Date: Mar, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-127-6
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 46

Industry Insights

The U.S. laundry facilities & dry-cleaning services market size was valued at USD 10.2 billion in 2016 and is expected to witness growth during the forecast period. The market is fragmented in nature as large number of players are operating in this industry. The products offered by the companies are self service facilities or specialty cleaning, dry cleaning or full service laundering facilities. The major companies operating in the U.S. market for these services are CSC ServiceWorks, Huntington andEnviroStar.

U.S. laundry facilities & dry-cleaning services market

Furthermore, tax cuts proposed by the Trump administration is expected to stimulate the consumer spending on laundry services. However, the key companies in this industry may revisit high pricing for this services and is expected to revise pricing strategies if inflation continues to put downward pressure on consumer spending.

Increasing the U.S. consumer spending is considered to be a key indicator of the growing demand for laundry facilities & dry-cleaning services. According to the research studies, spending on laundry facilities & dry cleaning services has increased by 0.2% from the previous month, compared to an increase of 0.5% in December 2017.Introduction of technologically advanced products such as coin or card operated machines are anticipated to fuel the market growth over the forecast period. Some laundromat operators have migrated from traditional coin-operated machines to more modern card-operated machines as these systems offers detailed information about machine use, revenue and sent alert to property managers for maintenance. Such advancements in machines, along with the emergence of remote check for machine availability and receiving automated text messages after completing laundry at the facility, are projected to propel the market growth over the forecast period.

Type Insights

Retail & Dry Cleaning services segment accounted for the largest revenue share of 39.5% as of 2016. This dominant share is attributing towards the presence of large number of single location companies in this region. About 33,000 single location companies are operating in the U.S. laundry facilities & dry cleaning service market, near around 22,000 of them offers retail solutions.

The coin operated segment accounted for the 15% of the overall revenue throughout the study period as there are around 11,000 establishments operating in the U.S. that offer such services. Laundromats are portable units with washers, dryers, and supply of clean water can be placed in a heavily trafficked area; customers can drop off their clothes and pick them up later.

As the number of people employed outside the home grows, demand for commercial laundries and related solutions increases. Reflecting this trend, the global commercial washing machine market is forecast to grow with the growth rate of 3.4% between 2017-2025.

U.S. Laundry Facilities & Dry-Cleaning Service Market Share Insights

The industry is witnessing competition due to growing need for effective laundry solutions. The growth in this sector is owing to extensive product portfolio expansion strategies and geographical expansions. The manufacturers are focusing on R&D for innovative technologies to gain a competitive edge.

In the U.S., demand for cleaning services grows most rapidly in markets with high population growth. The states that gained the most people between 2015 and 2016 were Texas, Florida, California, Washington, and Arizona. New York, California, Texas, and Florida have the most of dry cleaners and coin laundry facilities.

Most operations in dry clean procedure are small, family-owned businesses that can be candidates for acquisition. By acquiring multiple locations, dry cleaners can maintain more efficient, centralized operations. Smaller companies cannot always afford to comply with government regulations, update equipment, and change to environmentally friendly cleaning techniques.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Country scope

U.S.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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Segments covered in the report

This report forecasts revenue growth at country levels and provides an analysis of the industry trends in each of the subsegment from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the U.S. laundry facilities & dry-cleaning services market report on the basis of type:

  • Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Retail Laundry/Dry Clean Services

    • Coin Operated Services

    • Corporate/Industrial Laundry Services

    • Others

Key questions answered by the report
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