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 phase of its life cycle. Industry value added, which measures the industry's contribution to the overall economy, is expected to rise at an annualized rate of 1.0% during the 10 years to 2020. In contrast, the overall US economy (as measured by GDP), is expected to grow at a faster 2.5% per year on average over the same period.
Typically, an industry whose growth falls below GDP is considered to be in a decline phase of its life cycle. However, IBISWorld believes the industry is mature because of its low, but rapidly rising market share concentration, high market saturation and constant drive to introduce new products and services... purchase to read more