Coin-Operated Laundries Market Size, Share, Growth Analysis, By Type(Self-Service Laundry, and Full-Service Laundry), By Application(Residential and Commercial), By Region - Industry Forecast 2024-2031

Coin-Operated Laundries Market size was valued at USD 30.69 billion in 2022 and is poised to grow from USD 33.51 billion in 2023 to USD 67.76 billion by 2031, growing at a CAGR of 9.2% during the forecast period (2024-2031).

The coin-operated laundry market is highly competitive in nature owing to the presence of several players competing for top position. The market players offer a range of services, including coin-operated laundry services, online laundry services, and laundry pick-up and delivery services. They compete on the basis of price, service quality, and convenience. The market players also invest heavily in research and development to offer innovative solutions and improve their customer experience. The market players range from small-scale businesses to large corporations, and new players are entering the market, further intensifying the competition. 'Alliance Laundry Systems LLC (US)', 'Whirlpool Corporation (US)', 'Electrolux AB (Sweden)', 'LG Electronics Inc. (South Korea)', 'The Procter & Gamble Company (US)', 'The Clorox Company (US)', 'The Unilever Group (Netherlands)', 'Henkel AG & Co. KGaA (Germany)', 'Reckitt Benckiser Group plc (UK)', 'Procter & Gamble Co. (US)', 'Unilever Group (Netherlands)', 'Church & Dwight Co., Inc. (US)', 'Kao Corporation (Japan)', 'Wisk Laundry Detergent (US)', 'Tide Laundry Detergent (US)', 'Persil (UK)', 'Gain Laundry Detergent (US)', 'Ariel (UK)', 'Woolite (US)', 'Seventh Generation, Inc. (US)'

One major driver of the coin-operated laundry market is the increasing number of working women worldwide. With the female labor force substantially increasing since 2012, women have less time to do their laundry, and thus, there is a higher demand for coin-operated laundry services. Additionally, the rise of double-income households has led to an increase in spending on clothes, which in turn, has raised the demand for laundry services. This trend is expected to continue in the forecast period, fueling the growth of the coin-operated laundry market.

One key market trend in the coin-operated laundry industry is the adoption of technology to improve the customer experience. Many laundry service providers are investing in technology such as mobile apps, online booking systems, and automated machines to enhance their services. Additionally, the use of smart machines equipped with internet connectivity, sensors, and artificial intelligence is gaining popularity, enabling customers to monitor their laundry remotely and receive alerts when their laundry is ready for pick-up. The integration of technology is expected to continue to drive the growth of the coin-operated laundry market in the coming years.

North America is currently the dominating region in the coin-operated laundry market, with the United States being the largest market in the region. The presence of major market players, coupled with high awareness of coin-operated laundry services, has led to the growth of this market. Additionally, there has been a rise in the number of double-income households and a shift towards apartment living, which has further propelled the demand for coin-operated laundry services in the region.