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 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 55.8% 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 multi-family housing properties... purchase to read more