Automated Laundromat Services Market: Introduction
Transparency Market Research delivers key insights on the global automated laundromat services market. In terms of revenue, the global automated laundromat services market is estimated to expand at a CAGR of ~2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global automated laundromat services market.
Laundromat companies are expanding their service lines to meet the increasing demand for automated laundromats. Moreover, strong product innovation among laundromat companies with newer features in washing machines & dryers is expected to boost the automated laundromat services market during the forecast period. In addition, laundromat companies are adopting latest technologies to provide extra benefits and more comfort to clients, and to boost their own efficiencies. All this is likely to have a positive impact on the global automated laundromat services market during the forecast period.
Automated Laundromat Services Market: Key Segments
In terms of service type, the washing segment is projected to dominate the automated laundromat services market during the forecast period. Based on growth rate, washing and drying segments are anticipated to expand at a faster rate during the forecast period. Hygiene concerns across the world is expected to drive the demand for automated laundromat services during the forecast period. Hygiene is a huge area of concern for customers, and washing clothes at high temperature is a proven method of killing germs.
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Based on operation, the card and coin operated segments are anticipated to hold major market share and maintain their share during the forecast period. With the increasing trend of younger generations using their credit cards and debit cards for everything, the card operated segment is expected to improve in the upcoming years. In terms of growth rate, the hybrid segment is expected to expand at the fastest rate during the forecast period. The emergence of cards and other alternative electronic payment methods such as RFID contactless credit cards, and NFC enabled mobile wallets that offer a cost-effective alternative to manage cash is expected to boost the automated laundromat services market in the near future.
Automated Laundromat Services Market: Prominent Regions
The global automated laundromat services market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America accounted for largest share of the global automated laundromat services market in 2020 and is expected to remain dominant during the forecast period. Migrant population is one of the most important drivers of the North American economy. This factor is anticipated to have a positive impact on the North America automated laundromat services market during the forecast period.
Asia Pacific is likely to register the highest CAGR in the future in the global automated laundromat services market. Key players operating in the automated laundromat services market in the region are adopting new technologies to provide quality services to their customers. Increasing promotional activities are also expected to have a positive impact on the market in the region.
Automated Laundromat Services Market: Key Players
Key players operating in the global automated laundromat services market are Broomfield Launderette, CSC ServiceWorks, DhobiLite, FlyCleaners, Huntington Cleaners & Shirt Laundry, Martinizing Dry Cleaning, Karl Chehade Dry-Cleaning, Lapels, Laundrapp, and Laundryheap, among others.
Global Automated Laundromat Services Market: Segmentation
Automated Laundromat Services Market, by Service Type
- Washing
- Drying
- Heat Roll & Folding
Automated Laundromat Services Market, by Operation
- Card Operated
- Coin Operated
- Hybrid
- Others (Touchless, etc.)
Automated Laundromat Services Market, by Generation
- Millennial
- GenX
- Baby Boomers
- Post Millennial
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Automated Laundromat Services Market, by Clothing Type
- Top Wear
- Bottom Wear
- Suits
- Dresses
- Bedding
- Others (Outwear, Socks, Gloves, etc.)
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