The European laundromat market is expected to

Dublin, December 17, 2021 (GLOBE NEWSWIRE) – The Europe Laundromat Market Size, Share and Trend Analysis Report by Application (Residential, Commercial), Country (Germany, UK, France, Spain, Italy, Russia) and Forecast segment, 2021-2028 “ the report was added to ResearchAndMarkets.com offer.

The size of the European laundromat market is expected to reach $ 7.5 billion by 2028. It is expected to grow at a CAGR of 9.1% from 2021 to 2028. The industry has experienced a revolution. Laundromats are no longer a sleazy, dangerous, and tedious place that customers have to endure every week, and instead have become fun and engaging one-stop shops that customers may even enjoy visiting. Modern businesses have snack bars, a place to stop and pick up dry cleaning, and video games. Some of them even use additional payment methods instead of relying exclusively on coins. Many laundry owners also employ attendants to monitor the store and help customers use the equipment.

Additionally, the owners realized that they could maximize their profits by providing customers with access to multiple services. As they pay a fixed rent for their commercial space, they have started to use that space to its full potential. Coin-operated laundry businesses are located in apartments and are referred to as multi-unit laundry businesses or roadside laundry businesses. These businesses thrive in times of growth and recession. During times of recession, when home ownership declines, the self-service laundry market grows as more people cannot afford to repair, replace, or purchase new washers and dryers. , or when they move to apartments with inadequate or no laundry facilities. The size of the market increases in proportion to the increase in population.

In addition, most hotels, inns and temporary accommodation establishments offer coin-operated laundry services for their customers. Hotels often have an agreement that allows guests to use laundry services. In January 2021, Springboard Hospitality expanded its list of properties in Hawaii with the addition of Ohia Waikiki Studio Suites. The studio, in addition to offering 251 apartment-style accommodations, full kitchens, a swimming pool, bar and restaurant, also offers coin-operated laundry facilities. Likewise, in November 2020, the 304-room Marriott Tacoma Downtown was inaugurated, which along with various facilities also offers coin-operated laundry services.

In addition, the hybrid laundry card payment makes it possible to verify the amount of coin and card sales in each of the machines. As the piggy banks approach their capacity, it is alerted by email and schedules the right time to empty them. At the same time, with an accurate machine accounting system, collections are properly deposited. Hybrid coin and card systems simplify coin-only processing and save time. As a result, accepting payment through different channels can increase traction and help the industry grow.

Also, even though the COVID-19 pandemic is declining in terms of impact, its economic impact continues to spread. From the temporary shutdown of laundry businesses to the complete shutdown of a store, the ripple effects that the epidemic has had and will continue to have on national and global economies are unprecedented. For many Europeans, it was common to do a quick wash at the local laundromat after coming home from work. However, with many Europeans still working from home, the need to go out and use these services has diminished.

Highlights of Europe Laundromat Market Report

  • The market is expected to experience a CAGR of 9.1% from 2021 to 2028
  • Residential applications segment accounted for largest revenue share of 80.5% in 2020
  • Germany held the largest revenue share of 17.1% in 2020

Companies mentioned

  • Elissa
  • COLAN Cordoba
  • Quesada laundry service
  • WASHING AND DRYING (FREE WASHING SERVICE)
  • TECNITRAMO
  • FILLED
  • LAVANDERIA LAVISA
  • Broomfield Laundromat
  • Girbau
  • Johnson Service Group PLC

Main topics covered:

Chapter 1. Methodology and scope
1.1. Market segmentation and scope
1.2. Market definition
1.3. Acquisition of information
1.4. Analysis of information
1.5. Market formulation and data visualization
1.6. Data validation and publication

Chapter 2. Executive summary
2.1. Market outlook
2.2. Application prospects
2.3. Country Snapshot

Chapter 3. Europe Automatic Laundries Market Variables, Trends and Scope
3.1. Market overview
3.2. Mapping of penetration and growth prospects
3.3. Industry value chain analysis
3.3.1. Retail chain analysis
3.3.2. Profit margin analysis
3.4. Market dynamics
3.5. Business environment analysis
3.5.1. Industry Analysis – Porter’s
3.6. Roadmap of the coin operated laundry market in Europe
3.7. Market entry strategies
3.8. Impact of COVID-19 on the coin operated laundry market in Europe

Chapter 4. Analysis of consumer behavior
4.1. Consumer trends and preferences
4.2. Factors Affecting the Purchase Decision
4.3. Consumer product adoption
4.4. Observations and recommendations

Chapter 5. Europe Coin Operated Laundry Market: Application Estimates and Trend Analysis
5.1. Analysis of application movement and market share, 2018 and 2025
5.2. Residential
5.3. Commercial

Chapter 6. Europe Coin Operated Laundry Market: Regional Estimates and Trend Analysis
6.1. Analysis of regional movements and market share, 2018 and 2025
6.2. Europe
6.2.3. Germany
6.2.4. UK
6.2.5. France
6.2.6. Spain
6.2.7. Italy
6.2.8. Russia

Chapter 7. Competitive analysis
7.1. Key global players, recent developments and their impact on the industry
7.2. Categorization of key companies / competitions (key innovators, market leaders, emerging players)
7.3. Supplier landscape
7.3.1. Market share analysis of key companies, 2020

Chapter 8. Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/yo3svn


        
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