Dry Cleaners in Canada - Industry Market Research Report

Extra starch: Steady demand from commercial clients amid corporate profit growth will limit revenue declines

Dry cleaners haven't seen the benefit of rising incomes and population growth supporting the broader Canadian economy in recent years. The popularity of dry cleaning has been dwindling for years - a sign of consumers' acceptance of more casual environments - but has left local dry cleaners scrambling for a piece of a shrinking pie. The COVID-19 pandemic exacerbated dry cleaners' struggles as business stopped from retail and commercial clients. While return-to-office efforts and an uptick in special events, like weddings, brought consumers back to dry cleaners in late-2021 through 2022, labour shortages and higher operating costs make it difficult for dry cleaners to recover. Recession risks and inflation pressures in 2023 introduce a new threat, as financial concerns will cause some consumers to rethink nonessential spending. Industry-wide revenue has been falling at a CAGR of 4.4% over the past five years - totaling an estimated $1.0 billion in 2023 - when revenue will decline an expected 1.3%.

The Dry Cleaners industry in Canada provides dry cleaning and laundering services. Companies may also provide drop-off and pick-up sites for laundries and dry cleaners. In addition, establishments may also offer specialty cleaning services for garments and textiles, including fur, leather, suede, wedding gowns, draperies and pillows. This industry does not include establishments that offer coin-operated laundering and dry cleaning or those offering 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.