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Dry Cleaners in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Dry Cleaners Market Research Report | NAICS 81232 | Apr 2015

Machine wash only: Shifts in consumer preferences and rising competition cause revenue to stagnate

IBISWorld’s Dry Cleaners market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 10-15
-0.3%
Annual Growth 15-20
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Profit
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Employment
147,858
Businesses
36,683
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 - Industry SWOT Analysis Chapter

Industry value added, which measures the industry's contribution to GDP, is projected to decline at an average annual rate of 2.0% over the 10 years to 2020. In contrast, GDP is projected to rise an annualized 2.5% over the same period. Accordingly, the Dry Cleaners industry is in the decline stage of its industry life cycle. Other indicators of this stage include falling employment, a large number of companies exiting the industry, constrained profit margins and intensifying competition from other industries.

Another important indicator of this industry's declining life cycle stage is a massive increase in merger and acquisition activity... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Dry Cleaners Industry?

Establishments in this industry provide dry cleaning and laundering services. Companies may also provide drop-off and pick-up sites for customers. In addition, establishments may also offer specialty cleaning services for garments and textiles such as fur, leather, suede, wedding gowns, draperies and pillows. This industry does not include coin-operated laundromats, nor does it include companies that generate most of their revenue from linen and uniform rentals.

Industry Products
Commercial full-service laundryRetail dry cleaning and laundry servicesCommercial dry cleaning services
 
Industry Activities
Full-service dry cleaningFull-service laundry


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