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2025 U.S. Industry Statistics & Market Forecast - Drycleaning and Laundry Services
Market Size & Industry Statistics
The total U.S. industry market size for Drycleaning and Laundry Services :
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Drycleaning and Laundry Services industry include:- Increased focus on sustainability and eco-friendly practices
- Technological advancements: online scheduling, automated machinery
- Rising labor costs affecting service pricing
- Growth in disposable income enabling higher spending on luxury services
- Competitive pressure from on-demand and mobile laundry services
- Shift towards non-toxic and organic cleaning solvents
- Expansion of services to include alterations, repairs, and specialized cleaning
- Impact of urbanization leading to higher demand in densely populated areas
- Challenges from home laundry appliances with advanced features
- Adoption of subscription and loyalty programs to retain customers
- Regulatory changes focusing on environmental impact and worker safety
- COVID-19 pandemic leading to heightened hygiene awareness and practices
- Integration of AI and IoT for operational efficiency and customer interaction
- Collaborations and partnerships with fashion brands and retailers
- Fluctuations in the commercial sector demand, influenced by remote work trends
Product & Services Breakdown
Research products and services in the Drycleaning and Laundry Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Maintenance And Repair - Garments |
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Dry Cleaning Services (Include Household Textiles.) |
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General Dry Cleaning |
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Specialty Dry Cleaning |
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Commercial Laundry Services |
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Retail Laundry And Dry Cleaning Services (Include Drop-Off And Pick-Up Services.) |
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Retail - Dry Cleaning Services |
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Retail - Commercial Laundry Services |
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Laundry And Dry-Cleaning Agency Services |
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Agency Services - Non-Commercial Laundry Services |
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Other Laundry Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Drycleaning and Laundry Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Drycleaning and Laundry Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Drycleaning and Laundry Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Sales and Related Occupations | 14% | |||
| Retail Sales Workers | 10% | |||
| Counter and Rental Clerks and Parts Salespersons | 8% | |||
| Counter and Rental Clerks | 8% | |||
| Office and Administrative Support Occupations | 7% | |||
| Production Occupations | 53% | |||
| Textile, Apparel, and Furnishings Workers | 47% | |||
| Laundry and Dry-Cleaning Workers | 35% | |||
| Laundry and Dry-Cleaning Workers | 35% | |||
| Pressers, Textile, Garment, and Related Materials | 11% | |||
| Pressers, Textile, Garment, and Related Materials | 11% | |||
| Transportation and Material Moving Occupations | 16% | |||
| Motor Vehicle Operators | 11% | |||
| Driver/Sales Workers and Truck Drivers | 11% | |||
| Driver/Sales Workers | 8% | |||
Drycleaning and Laundry Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Drycleaning and Laundry Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Drycleaning and Laundry Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Drycleaning and Laundry Services industry. |
Source:
Latest Industry News
- You’re probably washing your sweaters wrong - For a certain sort of person, nothing is better than sweaters: Fair Isle cardigans, sleek merino wool crewnecks, ivory cashmere, chunky cable-knits. But for a certain sort of that sort of person, (01/01/2025)
- Savannah Area New Dry Clean Laundry Pick-Up And Delivery (PUD) Service - Bringing Unparalleled Quality and Convenience SAVANNAH, GA, UNITED STATES, January 1, 2025 /EINPresswire / -- Southern Scrubbs, the leadi (01/01/2025)
- Best Services in Roanoke, VA Metro Area - Spread the loveBest Dry Cleaning Roanoke Dry Cleaning & Laundry is a local favorite, known for its quality service and convenient locations. Spotless Cleaners offers eco-friendly options, while Star City Cleaners provides excellent same-day service for urgent needs. (12/30/2024)
- 'Warmth is a basic human right': Taunton's Dermody Cleaners launches Coats for Kids drive - "By providing coats to those in need, we’re helping them envision a brighter future," Dermody Cleaners owner Terry Dermody said. (12/29/2024)
- Why You Should Wash New Clothes Before Wearing Them for the First Time - The last time I went to the local mall to shop for clothes, the first thing I did when I got home was run a load of laundry with all my new items. They were brand new so they didn’t look dirty, but I couldn’t shake the feeling that if someone else had tried on any of the items in the store before I bought them, (12/27/2024)
- How to Handle Laundry When Returning from a Trip - Returning home from a trip is often accompanied by a pile of laundry waiting to be sorted, washed, and stored. While unpacking can feel overwhelming, a thoughtful approach to handling your travel clothes can make the process smoother and ensure your garments stay in great condition. (12/26/2024)
- Just Call Joni: 'Mom concierge' service for Ohio State students offers a taste of home - Have a college student in need of an airport shuttle or personalized treat? Ohio State parents say Just Call Joni is always ready to help. (12/24/2024)
- Best Services in St. Louis, MO-IL Metro Area - Spread the loveBest Dry Cleaning “Woodard Cleaning & Restoration” is highly regarded for their dry cleaning and laundry services. “CD One Price Cleaners” offers affordable, flat-rate pricing for dry cleaning services. (12/23/2024)
- The Laundromat Redefines Excellence: SLIM Brand Award Winner SME Local Brand Category 2024 - Ltd, established in 1994, has become Sri Lanka’s leading independent laundry provider, renowned for its commitment to excellence (12/22/2024)
- Choice Hotels Launches Partnership with Delivery.com - On-demand delivery from wine and spirits shops, grocery stores, and even laundry and dry cleaning is coming soon ... provides Choice Privileges members with convenient, personalized services and the added bonus of loyalty points when using the service ... (01/10/2018)
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