Industry Analysis & Industry Trends
The Laundromats industry has been in decline for the past decade. Competition from household washers and dryers as well as drop-off and pick-up laundry and dry cleaning services has resulted in industry revenue decreasing from 2008 to 2013. In addition to dwindling demand for industry services, self-service laundromats and dry cleaners have faced escalating utility costs that have reduced profit margins. Through 2018, industry decline is projected to continue at a decreased pace due to a rising number of home renters as the affordability of home ownership toughens... 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. Furthermore, the region generates 22.0% of the nation's industry revenue. New York has by far the largest number of laundromats in the United States with 19.6% of the total... purchase to read more