Dry Cleaners in the US - Industry Market Research Report

Extra starch: Industry revenue will struggle to keep up with inflation

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.