Industry Analysis & Industry Trends
The Dry-Cleaning and Other Cleaning Services industry covers a range of different businesses including dry-cleaners, laundries, self-service launderettes, carpet cleaners and workwear and uniform rental providers. The industry consists of a few large companies operating alongside several smaller companies.
Demand for industry services is income sensitive, meaning a small change in income leads to a disproportionate change in demand. An improved economy has helped boost demand for washing and dry-cleaning services in recent years. As disposable incomes have risen, consumers have turned to the industry to save them time. Furthermore, as the quality of the services provided has improved, so too has demand for the industry... purchase to read more
Industry Report - Industry Investment Chapter
The industry is estimated to have a moderate level of capital intensity. Over the past five years the industry has moved from a low level of capital intensity to a moderate level of capital intensity. Industry operators have used technology and machinery to increase their revenue and have begun streamlining their companies in an attempt to improve efficiency. Industry operators require capital in the form of washers, dryers, dry-cleaners and other laundering equipment in addition to the buildings and vehicles used for distribution.
In 2016-17, the industry's capital-to-labour ratio is expected to be 1:7.39, indicating that for every £1.00 spent on capital, an estimated £7.39 is spent on labour. Ind.. purchase to read more