Out to dry: Industry revenue will likely continue decreasing as more consumers purchase appliances
Laundromats in the US The Laundromats industry includes companies that offer on-premises coin- or card-operated washers and dryers, in addition to companies that operate self-service laundry and dry-cleaning equipment in apartments, dormitories and similar locations. Increased disposable income has led to rising competition from both household laundry machines and drop-off and pickup laundry and dry-cleaning services. Rentals represent a core target market for the industry, and many consumers have opted to rent apartments rather than purchase homes over the past five years. Due to a combination of urban population growth, increased multifamily housing construction and rising urbanization, rental vacancy rates are anticipated to decline over the five years to 2019. The industry is highly competitive because there is little differentiation between laundromats in terms of quality of service and price. As a result, industry operator success is largely dependent on location. Establishments operating in regions with high consumer volume can benefit from decreased competition. In turn, laundromats predominantly operate in populous urban areas throughout the country. Over the five years to 2024, industry revenue is expected to decline as more consumers purchase personal laundry appliances.
Companies in this industry primarily manage facilities with coin-operated or similar laundry and dry-cleaning equipment for customer use on the premises. Industry operators also supply and service coin-operated, smart card or similar self-service laundry and dry-cleaning equipment for customer use in other places of businesses, such as apartments and dormitories.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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