Industry Analysis & Industry Trends
The Laundromats industry includes companies that operate self-service laundry and dry-cleaning equipment in laundromats, apartments, dormitories and similar locations. Over the five years to 2014, industry revenue was hindered by rising rental vacancy rates, as a greater share of consumers pursued homeownership. Another trend that has adversely affected the industry is rising competition from laundromats and dry cleaners that offer pick-up and delivery services. The industry's declining sales over the past decade are forecast to continue in the five years to 2019. Heightened rental vacancy rates as the housing sector gains momentum and increasing homeownership rates will decrease demand for rental properties, which are the industry's largest target market... 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, maintenance and repair services.
Washer services accounts for 55.2% 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