Laundry Facilities & Dry Cleaning Services
Brief Excerpt from Industry Overview Chapter:
Companies in this industry operate self-service laundry facilities or provide dry cleaning, specialty cleaning, and full-service laundering services. Major US companies include CSC ServiceWorks (owner of Coinmach, Mac-Gray, and other brands), EVI Industries (owner of DryClean USA), and Huntington Cleaners (owner of Martinizing and other brands).
Demand depends on consumer spending. The profitability of individual companies depends on efficient operations and favorable store locations. Large dry cleaning companies can achieve economies of scale by using centralized cleaning operations to serve multiple retail locations. Small companies can compete successfully by owning favorable locations or providing special services. The US coin-laundry segment is fragmented: the 50 largest firms generate about 40% of revenue. The US dry cleaning segment is highly fragmented: the 50 largest firms generate less than 10% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services by retail laundry and dry-cleaning services include uniform and linen supply services, which accounts for more than 50% of the industry revenue. Dry-cleaning services and access to laundry machines account for about 20%. Other services include commercial and non-commercial laundry services.
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