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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