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 2015, 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 2020. 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 - Starting a New Business Chapter
The Laundromats industry exhibits moderate barriers to entry. There is a low level of market share concentration among the top companies in the industry. Furthermore, there is a low level of regulation and only a medium level of capital intensity. Although the industry has entered into the decline stage of its industry life cycle, there is still a high degree of competition and about 21,499 companies currently operating in the industry.
Start-up costs vary depending on location and the scale of operations. New businesses will need to secure a retail space if they are operating a laundromat or an operational facility if they distribute and manage washers and dryers in apartment buildings, dormitories and other multi-unit accommodations... purchase to read more