Industry Analysis & Industry Trends
Rebounding employment, particularly in the hospitality and food-service sectors, will be a boon to the industry: A greater number of employees means a greater need for uniform rental and laundering services. Furthermore, an anticipated rise in the number of insured people under healthcare reform will increase patient traffic in hospitals, pushing them to outsource more of their laundering services. At the same time, rising environmental regulations will likely cause operating costs to rise... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Industrial Laundry and Linen Supply industry is in the mature stage of its industry life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is forecast to increase at an average annual rate of 0.4% from 2007 to 2017. By contrast, GDP is projected to rise 1.8% annually over the same period, which represents slightly faster growth than the industry. Over the next five years, however, IVA is forecast to increase at an average annual rate of 1.9%, which is in line with the economy as a whole.
In addition to relatively comparable IVA and GDP growth rates, another indicator of the industry's mature life cycle stage is increased merger and acquisition activity... purchase to read more