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 Locations Chapter
Industry operators are generally distributed according to population levels. The regions which account for the majority of industry revenue are the Mid-Atlantic, the West, the Southeast and the Great Lakes. Laundromats are more likely to be located in regions that have large urban centers rather than suburban or rural populations. Cities generally have a higher share of individuals living in rental housing who are more likely to use laundromats rather than own their own washer and dryer.
The Mid-Atlantic has 29.6% of the nation's laundromats and self-service dry cleaners. New York has by far the largest number of laundromats in the United States with 19.6% of the total... purchase to read more