LOS ANGELES — The coin-operated laundry and drycleaning services industries are projected to show a 5.2% decline in revenue for 2009, according to an IBISWorld report.During the five years prior to 2009, industry revenue is expected to show an average annual decrease of 5.0% due to the adverse affects of the economic recession, which continues to affect household disposable income growth and consumer expenditure on all laundry services. Increasing price-based competition among operators is also a factor, IBISWorld says.Some growth may occur in the route laundry segment, however, due to the outsourcing of laundry by some households, colleges and businesses, the report adds.The industry is sensitive to factors that increase the vacancy rate in multi-family apartments, typically associated with increases in unemployment, as well as the demand for accommodation, hospitality and similar services, IBISWorld says. Part of the industry’s service demand is also derived from domestic and international tourists.IBISWorld is a market research organization specializing in long-range forecasts and the business environment as a whole. It also publishes industry risk-rating reports, industry profiles, information on publicly traded companies, and economic and demographic profiles.
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