Industry Analysis & Industry Trends
While higher costs from environmental regulations will cut into profit, the industry will start to revive in the next five years. Stronger downstream demand from key markets like hospitals, restaurants and hotels will stimulate revenue growth. Furthermore, an improved unemployment rate and higher disposable incomes will spur demand from consumers... purchase to read more
Industry Report - Starting a New Business Chapter
The Dry Cleaners industry has medium barriers to entry. There is a low level of market share concentration among the top four companies in the industry; estimated at 2.0% in 2013. There are, however, a large number of companies operating in the industry, although the majority of companies compete on a regional basis. Currently there are 38,755 companies operating from 41,454 locations. There is a medium level of capital investment required for entering the industry. Furthermore, the industry has been subject to a rising level of regulation concerning the use of solvents such as perc.
Start-up costs vary depending on location and the scale of operations. New business will need to secure a retail space and operational facility for processing dry cleaning... purchase to read more