TRSA/EIU Assess Industry’s Global Market Opportunity

The Economist Intelligence Unit (EIU) has built a TRSA-commissioned Global Textile Services Market Analysis that assesses worldwide opportunities for the linen, uniform and facility services industry. The study explores market demands and their impact on the industry’s service and product growth. Findings are based on evidence-driven research, interviews with industry experts and demand sector outlooks

“This first-ever Global Textile Services Market Analysis highlights opportunities and challenges across market sectors and geographic regions,” said TRSA President & CEO Joseph Ricci.

Countries profiled across Africa, Asia, Europe, Middle East, and North and South America include Australia, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Saudi Arabia, South Africa, the United Kingdom and United States. Sectors covered are healthcare, hotels, construction, energy (oil and gas) and manufacturing.

Key questions the market assessment answers include:

• Where will demand for linen, uniform and facility services come from over the next five years?
• Which countries will present the greatest opportunities or challenges?
• How large are the demand sectors and which are growing fastest?
• How will megatrends such as sustainability and digitalization impact the industry and how will this differ across countries?

The research addresses opportunities for linen supply, industrial laundry and facility services and include profiles of 10 public companies in the industry, using growth-related and financial-performance-based indicators.

Interviews with nearly 30 industry experts provide insights into operating conditions, market trends, customers and competition, providing context around market opportunity and future growth potential, based on the links between the demand sectors and the industry.

“Across the sectors, EIU identifies the main drivers for demand for the industry’s services in the next five years,” Ricci said. “The study portrays corporate dynamics from consolidation and fragmentation of ownership to challenges and opportunities of managing everyday operations. EIU’s understanding of the complexity and nuance of international markets yields unmatched expert commentary, interpretation and forecasting on how our industry and its trajectory will be shaped by macroeconomic and demographic forces.”

With main offices in London, New York and Hong Kong, EIU is the world leader in global business intelligence, helping businesses, the financial sector and governments understand how the world changes, creating opportunities to be seized and risks to be managed. Created in 1946, EIU is the research and analysis division of The Economist Group, the sister company to The Economist newspaper. The unit’s global team of economists, industry specialists, policy analysts and consultants produces data, research and analysis on everything from national elections and international trade, to food security and sustainable cities.

Order the Global Textile Services Market Analysis here.