USA / CANADA
Forecasts for the growth of linen, uniform and facility services in critical demand sectors after the economic turmoil of COVID-19 prove the market analysis for textile services: USA and Canada. This report contains excerpts from the recently commissioned TRSA global study by the Economist Intelligence Unit (EIU), which drives the investment, expansion and strategic decision-making of the industry worldwide.
Demand over the past five years and the next five years is quantified for textile services in the construction, energy (oil and gas), healthcare, hotel and manufacturing sectors. The analysis shows the combined effects of shifts in these business areas and anticipates the impact of other demand generators and supply factors on the industry, such as: B. Corporate consolidation, automation, product line diversification and sustainability.
The US and Canadian industry profiles forecast annual growth rates for each sector and contrast them with general forecasts for national economic growth. The forecast gross value added (production) and the employment growth of the sectors are taken into account when determining the demand for flat linen and workwear. Recommendations are given for technology investment, the adoption of sustainable practices, vertical integration and market specialization.
The main actors in each country are identified. Conscious and informative reviews and insights are provided in four publicly traded companies in the US and Canada: Aramark Corp (Philadelphia), Cintas Corp (Cincinnati), K-Bro Linen Systems (Edmonton), and UniFirst Corp (Boston).
EIU is the research and analysis division of The Economist Group, the sister company of The Economist newspaper. As the world leader in global business intelligence, EIU helps companies understand the financial sector and governments to understand how the world is changing, creating opportunities that need to be seized and risks to be managed.
Visit www.trsa.org/store to purchase Textile Services Market Analysis: USA & Canada or Global Textile Services Market Analysis (covers all continents and provides detailed forecasts for 13 countries).
