|Last Quarterly Update:||3/9/2015|
|SIC Codes:||7211, 7215, 7216, 7219|
|NAICS Codes:||81231, 81232|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
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), EnviroStar (owner of DryClean USA), and Huntington (owner of Martinizing and other brands).
The US laundry facilities and dry cleaning services industry includes about 33,000 companies with combined annual revenue of about $11 billion. The industry includes about 22,000 companies that provide retail laundry and dry cleaning services and account for about 70 percent of industry revenue, and about 11,000 companies that operate laundromats and account for the remaining 30 percent of revenue.
Commercial and industrial laundry services are covered in the Linen and Uniform Supply Services industry profile.
Demand is related to consumer income. 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 dry cleaning segment is highly fragmented: the 50 largest firms generate less than 10 percent of revenue. The US coin-laundry segment is fragmented: the 50 largest firms generate about 40 percent of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Retail laundry and dry cleaning services account for about 70 percent of industry revenue; laundromats account for about 30 percent.
Retail dry cleaning operations consist of ...
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