The global coin-operated laundries market is set to expand at a CAGR of 9.4% during the forecast period, according to the new report by Grand View Research, Inc. Most commercial laundries or laundromats are undertaking hygiene precautions when it comes to their service. In addition, the Center for Disease Control (CDC) has modified its guidelines regarding washing garments.
The Coin Laundry Association has lately issued guidelines advising additional precautionary measures such as conducting more frequent sanitation of services and providing adequate sick leave for employees. The on-demand laundry services demand is growing rapidly due to its convenience regarding service offers. On-demand services are primarily offered via mobile applications that facilitate customers to share preferences, place remote dry-cleaning order or laundry services, and request delivery.
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Covid-19 Effect:
The Coin Laundry Association (CLA) and the national trade association for the vendors of laundry industry are closely monitoring Coronavirus (COVID-19) pandemic crisis with the help of the Centers for Disease Control (CDC) and other national & local public health bodies. CLA’s top priority is the well-being of their customers and members. Revisiting Laundries in these unprecedented times has brought about structural changes such as the installation of plexiglass to safeguard garment-handling procedures.
Key Takeaways from the report:
- Residential application segment, in terms of revenue dominated the coin-operated laundries market with a share of 79.8% in 2019. This growth prospect can be attributed to the increasing preference for professional cleaning among consumer due to surging health concerns such as cleanliness and personal hygiene
- North America accounted for the largest revenue share of 45.3% in 2019 in the regional segment. This is ascribed to the expansion of population-base who are health-conscious, particularly in the U.S. and is significantly responsible for the use of laundry services
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Major Players:
- Elis SA
- Aramark
- Cintas Corp.
- UniFirst Corp.
- Johnson Service Group
- Franz Haniel & Cie. GmbH.
- Spotless Group Holdings Limited.
- Bel & Blanc
- Champion Cleaners
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Grand View Research has segmented the global coin-operated laundries market by application and region:
Coin-operated Laundries Application Outlook (Revenue, USD Million, 2016 – 2027)
- Residential
- Commercial
Coin-operated Laundries Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America
- The U.S.
- Europe
- Germany
- The U.K
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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