The Laundromats industry has been struggling to clean up its act. Over the five years through 2014-15, industry revenue is expected to decline at an annualised 0.1% to reach $32.7 million. This is despite a growing population and a higher level of multi-unit apartment construction. Growing disposable incomes have put pressure the industry, with domestic washing machines becoming more affordable. In 2014-15, industry revenue is forecast to grow by 2.5%.
The fundamental challenges for laundromat operators are low population density and high levels of disposable income.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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.