Industrial Laundry & Linen Supply in the US - Industry Market Research Report

Industrial Laundry & Linen Supply in the US - Industry Market Research Report
Industrial Laundry & Linen Supply in the US

Economic performance and consumer spending are two major factors that drive growth for industrial launderers and linen suppliers. Strong economic growth has benefited industrial launderers over the past five years, translating into a greater consumption of goods and services by consumers. As an industry that serves an array of diverse companies, higher rates of consumption create a greater need for laundry services and linen supply overall. The onset of COVID-19 quickly reversed growth as key markets operated at a fraction of what they were prior, but diverse end markets mitigated a more substantial decline. Demand has since recouped, specifically within large markets such as healthcare, leading revenue to expand at a CAGR of 2.8% to $20.1 billion over the past five years. Though as the initial benefit of pent-up demand tapers off, growth in 2023 is more moderate, increasing 1.2% by year-end.

Companies in this industry supply laundered items, such as uniforms, gowns, coats, table linens, bed linens, towels, cleanroom apparel and treated mops, to various industries. These items are provided on a rental or contract basis. Typical clients include industrial, healthcare, food service and hospitality establishments.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.