Industry Analysis & Industry Trends
The Laundromats industry includes companies that offer on-premises coin- or card-operated washers and dryers, as well as companies that operate self-service laundry and dry-cleaning equipment in apartments, dormitories and similar locations. Increased disposable income has led to increased competition from both household laundry machines and dropoff and pickup laundry and dry cleaning services. Over the next five years, industry revenue is expected to decline as more consumers purchase personal laundry appliances. This decrease will be compounded by rising rental vacancy rates, as more individuals purchase homes amid the housing market's recovery, thereby obtaining sufficient space for a washer and dryer... purchase to read more
Industry Report - Industry Products Chapter
The Laundromats industry is split into two primary segments: washer services and dryer services. In addition, the industry provides dry cleaning services, commercial laundry services, as well as maintenance and repair services.
Washer services accounts for 53.3% of industry revenue. The segment includes establishments that provide consumers access to washing machines. These washing machines can be operated by coin, card or by the store attendant. This segment includes revenue from washing machines located in laundromats as well as in universities, apartments, hotels, motels, and other multifamily housing properties... purchase to read more