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Laundromats in the US - Industry Market Research Report

Laundromats in the US - Industry Market Research Report

  • May 2019
  • 33 pages
  • ID: 923985
  • Format: PDF
  • By Ibisworld

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Washed out: Increased disposable income and competition will lead to a decrease in industry revenue

Abstract

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 target market for the industry, and many consumers have opted to rent apartments rather than purchase homes over the past five years. Over the five years to 2024, 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.

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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