Laundromats in the US - Industry Market Research Report

Out to dry: The average profit margin will decrease, driving some laundromats to exit the industry or consolidate

Laundromats in the US

Increased disposable income has led to rising competition from household laundry machines and drop-off laundry and dry-cleaning services. Industry-wide revenue fell at a CAGR of 1.4% to $6.0 billion over the past five years, despite a 0.1% increase in 2023, when profit will reach 22.1%.

Companies in this industry primarily manage facilities with coin-operated or similar laundry and dry-cleaning equipment for customer use on the premises. Laundromats 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, like 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.