Industry Analysis & Industry Trends
In the five years to 2014, the Dry Cleaners industry has faced progressively challenging conditions. In the grip of heightened unemployment, consumers were less willing to spend on discretionary services such as dry cleaning or full-service laundry. Moreover, the industry's declining sales are expected to continue in the next five years. Demand for industry services will be negatively affected by the continued adoption of business-casual clothing, which has resulted in a long-term decline in demand for professional dry cleaning services. Growing competition from more affordable self-service or coin-operated laundromats is also projected to cut into industry sales... purchase to read more
Industry Report - Starting a New Business Chapter
The Dry Cleaners industry has medium barriers to entry. Although there are over 37,524 companies operating in the industry, only three companies have a national presence; the majority of establishments compete on a 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