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2024 U.S. Industry Statistics & Market Forecast - Industrial Launderers


Market Size & Industry Statistics

The total U.S. industry market size for Industrial Launderers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The industrial launderers industry, like many other sectors, continues to evolve and adapt to new trends in technology and business practices. Here are some of the key trends affecting the industry:

1. Sustainability: Customers are increasingly demanding environmentally friendly practices from their industrial launderers. Companies are responding by adopting sustainable methods in their washing and cleaning processes, reducing water and energy consumption, and offering eco-friendly products and services.

2. Automation: Automation is becoming more prevalent across the laundry industry, with companies using sophisticated software and robotics to streamline their operations, improve efficiency, and reduce labor costs.

3. Service diversification: The trend towards diversification of services is also becoming increasingly popular among industrial launderers, with many companies offering additional services such as uniform rental, mat rental, and facility services, in addition to laundry services.

4. E-commerce: Digital technology has enabled the growth of e-commerce in the laundry industry. Many industrial launderers are investing in online platforms to offer better customer service, improve tracking, and increase convenience.

5. Outsourcing: More companies are outsourcing their laundry operations to third-party providers, especially for specialized services. This trend has created opportunities for smaller, niche players to enter and compete in the market.

6. Health and hygiene: With the COVID-19 pandemic, there has been a renewed focus on health and hygiene, which has led to increased demand for cleaning, disinfecting, and sanitizing services from industrial launderers.

7. Smart textiles: The use of smart textiles, materials embedded with electronic sensors, is gaining popularity in the industrial laundry industry. These textiles are being used to track product usage, monitor temperatures, and optimize supply chain operations.

In summary, the trends that are shaping the industrial launderers industry include sustainability, automation, diversification, e-commerce, outsourcing, health and hygiene, and smart textiles.



Product & Services Breakdown

Research products and services in the Industrial Launderers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Commercial Laundry Services

Rental Of Uniforms, Linens, And Other Textiles

Rental Of - Linen Supply Garments, Including Gowns, Coats, Aprons.

Rental Of - Linen Supply Flatwork And Full Dry Linens

Rental Of - Industrial Garments, Excluding ""Clean Room"" Operations

Rental Of - Industrial ""Clean Room"" Garments

Rental Of - Industrial Wiping Cloths

Rental Of - Industrial Mats, Including Launderable And Unlaunderable

Rental Of - Industrial Mops, Cloths, And Miscellaneous Dust Control Items

Resale Of Merchandise

All Other Receipts

All Other Operating Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Industrial Launderers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Industrial Launderers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Industrial Launderers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers4%
Sales and Related Occupations 14%
Retail Sales Workers 10%
Counter and Rental Clerks and Parts Salespersons 8%
Counter and Rental Clerks 8%
Office and Administrative Support Occupations 7%
Production Occupations 53%
Textile, Apparel, and Furnishings Workers 47%
Laundry and Dry-Cleaning Workers 35%
Laundry and Dry-Cleaning Workers 35%
Pressers, Textile, Garment, and Related Materials 11%
Pressers, Textile, Garment, and Related Materials 11%
Transportation and Material Moving Occupations 16%
Motor Vehicle Operators 11%
Driver/Sales Workers and Truck Drivers 11%
Driver/Sales Workers 8%
Source: Bureau of Labor Statistics


Industrial Launderers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Industrial Launderers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Industrial Launderers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Industrial Launderers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Industrial Launderers

  • Feb 26, 2024: RED ORANGE NORTH AMERICA INC. (Fort Washington, PA) awarded $70,193
  • Feb 23, 2024: UNIFIRST CORPORATION (Lebanon, NH) awarded $280,078
  • Feb 20, 2024: EBS SUPPLY, INC. (San Diego, CA) awarded $128,261
  • Feb 19, 2024: ELITE LAUNDRY & DRY CLEANERS INC (Gallup, NM) awarded $19,492
  • Feb 16, 2024: SUDS & DUDS INC (Rapid City, SD) awarded $123,690
  • Feb 15, 2024: ACE UNIFORM SERVICES, INC. (Baltimore, MD) awarded $6,840




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