Market Sizing - Coin Operated Laundries in the US
The market size of coin-operated laundries in the United States is estimated at $4.273 million for 2018, with a projected increase of 1.26% from the previous year. It is projected to continue to grow at a 0.86% CAGR from 2018-2020.
The coin-operated laundry industry in the United States consists of approximately 29,5000 coin laundries and is estimated to be approximately 70 years old. There are no significant franchises, due to the market being chiefly composed of individual owner/operators. However, the industry is fragmented, with 50 of the largest firms, generating an estimated 40% of the revenue.
The coin-operated segment currently holds a 15% market share of the entire laundry industry in the United States to include dry-cleaning. Renters are the target user demographic, with 71% using coin-only stores, 5.6% using card-only stores, and 23.6% using both. Due to an increasing renting population, we can predict that this industry will continue to thrive.
HISTORICAL AND MARKET SIZE AND GROWTH RATES
2008- $3.319 million
2009- $3.258 million
2010- $3.483 million
2011- $3.481 million
2012- $3.549 million
2013- $3.844 million
2015- $4.021 million
2016- $4.147 million
2017- $4.220 million
2018- $4.273 million (estimated)
2019- $4.315 million (estimated)
2020- $4.347 million (estimated)
Using a CAGR calculator, we can determine that the growth rate was 1.26% CAGR from 2017-2018 and that the market is projected to grow at a 1.73% CAGR from 2018-2020. We can also determine that the industry grew at an average of 2.14% yearly, over the past five years. (2013-2018).
The market overview, along with the size by revenue and the projected growth rate has been provided in this report. The market size for coin-operated laundries in the United States is estimated at $4.273 million for 2018, with a projected increase of 1.26% from 2017.