Laundromats in the US
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.Establishments in this industry primarily operate facilities with coin-operated or similar laundry and dry-cleaning equipment for customer use on the premises. Industry establishments 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.