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Coin-Operated Laundromats & Dry Cleaners in the US
IBISWorld, March 2011, Pages: 32
Taken to the cleaners: Substitutes and rising utility costs dry out revenue and profit
Laundromats in the US
Tumbling
The Coin-Operated Laundromats and Dry Cleaners 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 between 2006 and 2011. In addition to dwindling demand for industry services, self-service laundromats and dry cleaners have faced escalating utility costs that have reduced profit margins for the industry. Through 2016, industry decline is projected to lessen due to a rising share of Americans who will rent homes as the affordability of home ownership declines.
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.
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