Dry Cleaners in the US - Industry Market Research Report
Description
Dry Cleaners in the US - Industry Market Research Report
Dry Cleaners in the US
The industry includes dry cleaning and full-service laundry establishments that cater to household consumers and commercial clients such as hotels and restaurants. Dry cleaners may also offer specialty cleaning services for delicate garments and textiles. Over the past five years, the industry has experienced difficult operating conditions. Declining demand for professional dry cleaning services, unfavorable shifts in consumer preferences and increasing competition from coin-operated laundromats, franchised establishments and substitute products have led to the industry's decline. Also, the COVID-19 pandemic and economic downturn resulted in drastic revenue declines in 2020. Consequently, industry revenue is expected to fall at a CAGR of 6.7% to $7.6 billion over the past five years.
Operators 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Dry Cleaners in the US
The industry includes dry cleaning and full-service laundry establishments that cater to household consumers and commercial clients such as hotels and restaurants. Dry cleaners may also offer specialty cleaning services for delicate garments and textiles. Over the past five years, the industry has experienced difficult operating conditions. Declining demand for professional dry cleaning services, unfavorable shifts in consumer preferences and increasing competition from coin-operated laundromats, franchised establishments and substitute products have led to the industry's decline. Also, the COVID-19 pandemic and economic downturn resulted in drastic revenue declines in 2020. Consequently, industry revenue is expected to fall at a CAGR of 6.7% to $7.6 billion over the past five years.
Operators 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
42 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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