Industry Analysis & Industry Trends
Falling demand for dry cleaning services, unfavorable shifts in consumer preferences and increasing competition from coin-operated laundromats and household washing machines have led to the Dry Cleaners industry's decline in the past decade. In the early part of the five-year period to 2015, poor economic conditions led many consumers to reduce spending on discretionary laundry services. Moreover, a long-term consumer shift toward low-maintenance clothing has curtailed demand for dry cleaning services that were once necessary for many garments. As a result, industry revenue has decreased slightly over the past five years and is expected to accelerate its decline through 2020... purchase to read more
Industry Report - Starting a New Business Chapter
The Dry Cleaners industry has medium barriers to entry. Although there are over 36,683 companies operating in the industry, less than 10 companies have a national presence; the vast majority of establishments compete entirely on a local or regional basis. Therefore, the industry is characterized by a very low level of market share concentration, while competition is based primarily on price, location and selection of services offered. Capital investments required to enter the industry are medium, while the regulatory environment is heavy and expected to increase. Labor requirements are low and decreasing; most establishments have five employees or fewer.
Start-up costs vary depending on location and the scale of operations... purchase to read more