Laundry Facilities & Dry Cleaning Services

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).

COMPETITIVE LANDSCAPE

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 laundry and dry-cleaning agency services include uniform and linen supply services, which accounts for about 75% of the industry revenue. Commercial laundry account for about 15%. Other services account for about 10%.