Automated Laundromat Services Market: Introduction
- Automated laundromat services are anticipated to show significant growth in the coming years owing to rising number of single person households, growing awareness regarding healthy and hygienic lifestyles, and busy routines of people. Laundry service providers are offering door to door services to save customer’s time and offering special discounts for regular customers, which is the strength of the business. These factors are helping providers to attract more and more customers. The threat to the market is from new entrants and also from customers, as a majority prefer to do their own laundry.
- Developed countries in Europe and North America have shown preference for automated laundromat services. However, increasing income and changing lifestyles across several emerging countries across Asia Pacific is expected to surge demand in future.
Key Drivers of the Global Automated Laundromat Services Market
- Changing clothing habits of people and busy schedules have led to rising preference for laundry services. Card operated or coin operated laundry services are considered a more convenient and cost effective option. Commercial sector players such as hotels and hospitals also prefer these laundry services, which is driving the overall laundromat market. Providers are also adopting several promotional activities such as coupons and discounts to attract customers. This is also encouraging the market.
- Growing preference for laundry services is also encouraging major players in the laundromat market to provide different additional services to ensure customer satisfaction. Service providers are aiming to provide top level customer service such as clean facilities, and offering a conducive environment for productive activities such as studying. These factors are also anticipated to inspire significant growth in the automated laundromat services market during the forecast period.
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Automated Laundromat Services Anticipated to Create Attractive Opportunities in Future
- Consumers in the developing Asia Pacific and Africa region are the emerging markets for automated laundromat services manufacturers. Changing consumer lifestyle and westernization coupled with growing disposable income are anticipated to create lucrative opportunities for the automated laundromat services market. Expansion of industries and the service sector across Asia Pacific and Africa is expected to create lucrative opportunities for business expansion in future.
North America and Europe Anticipated to Dominate the Global Automated Laundromat Services Market
- North America and Europe are the major regions in the automated laundromat services market. Increasing awareness about personal hygiene and cleaning, particularly in developed countries, has surged the demand for automated laundromat services.
- Asia Pacific is the fastest growing consumer market due to the presence of a huge population. Increasing disposable income and improvement in standards of living of people in several emerging countries is expected to drive the automated laundromat services market during the forecast period.
Key Players Operating in the Global Market
The global automated laundromat services market is highly fragmented with several manufacturers across the globe, accounting for around 10% – 15% share of the overall automated laundromat services market. Major service providers in the market are focusing on the convenience factor for consumers and investing more in new product development and outlets. A few of the key manufacturers operating in the global automated laundromat services market are:
- Huntington Cleaners & Shirt Laundry
- CSC ServiceWorks
- EVI Industries Inc.
- DhobiLite
- CLEANLY
- FlyCleaners
- PML Solutions Pvt. Ltd.
- Broomfield Launderette
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Global Automated Laundromat Services Market: Research Scope
Global Automated Laundromat Services Market, by Service Type
- Washing
- Drying
- Heat Roll and Folding
Global Automated Laundromat Services Market, by Operation
- Card Operated
- Coin Operated
- Hybrid
Global Automated Laundromat Services Market, by Clothing Type
- Tops
- Trousers
- Suits
- Dresses
- Bedding
- Others (Accessories and Outdoors)
Global Automated Laundromat Services Market, by Generation
- Millennial
- GenX
- Baby Boomers
- Post Millennial
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
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- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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