Industry Analysis & Industry Trends
The Laundromats industry includes companies that offer on-premises coin- or card-operated washers and dryers, as well as companies that operate self-service laundry and dry-cleaning equipment in apartments, dormitories and similar locations. Increased disposable income has led to increased competition from both household laundry machines and dropoff and pickup laundry and dry cleaning services. Over the next five years, industry revenue is expected to decline as more consumers purchase personal laundry appliances. This decrease will be compounded by rising rental vacancy rates, as more individuals purchase homes amid the housing market's recovery, thereby obtaining sufficient space for a washer and dryer... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2016, Laundromats industry revenue is expected to increase at an average annual rate of 1.2% to $4.9 billion. This industry includes companies that operate self-service laundry and dry-cleaning equipment in laundromats, apartments, dormitories and similar locations. The industry’s customer base typically includes renters and university students, as well as owners of apartment buildings, property management companies, condominiums and other multifamily housing properties.
Industry revenue primarily depends on consumers that live in rental or university housing and use coin- or card-operated laundry facilities onsite or at laundromats... purchase to read more