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 - Industry Key Buyers Chapter
The Dry Cleaners industry has a very low level market share concentration. In 2013, the top four companies in the industry generated just 2.0% of the industry's revenue. The industry is highly fragmented, the majority of enterprises are family-run companies which employ fewer than five people. Because industry operators must be close to major consumer markets and commercial clients, the industry tends to be highly fragmented and companies operate within a limited geographic scope. Over 90% of companies have just one facility.
Market share concentration declined considerably over the past five years. The decline in market share concentration was due to a slew of bankruptcies that resulted in a number of major players exiting the industry over the five-year period... purchase to read more