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 - Starting a New Business Chapter
The industry has medium barriers to entry, primarily due to the dominance of the top four players and the industry's high level of regulation. Market share concentration among the top four companies has increased from 49.7% in 2012 to 53.1% in 2016. This trend is expected to continue through the next five years, further securing these four companies' national market presence and relationships with major clients.
There is no direct governmental assistance for the industry. However, operators do face a high level of regulation, particularly by the Environmental Protection Agency (EPA)... purchase to read more