Laundromats in the US
Increased disposable income has led to rising competition for the Laundromats industry from both household laundry machines and drop-off and pickup laundry and dry-cleaning services. As a result, industry revenue has decreased over the five years to 2018. Rentals represent a core target market for the industry, and many consumers have opted to rent apartments rather than purchase homes during the five-year period to 2018. Due to a combination of urban population growth, increased multifamily housing construction and rising urbanization, rental vacancy rates are anticipated to decline. Over the next five years, industry revenue is expected to decline as more consumers purchase personal laundry appliances. Additionally, rising disposable income and falling unemployment will spur rising demand for more-expensive alternatives, such as wash-and-fold services at dry cleaners.
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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