Laundry Services Market Intelligence

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Subscription Benefits:

  • PRO access to Beroe LiVE.Ai™
  • Unlimited updates on the Report
  • Supplier Watchlist for 3 suppliers
  • Supplier Shortlisting Tool

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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Report Coverage

  • Supply Market Outlook
  • COVID19 -Impact on Laundry Services
  • Key Regional Supplier Profile
  • Pricing Models

Market Size

Global Market Size

$115.32 Billion

North America

$27.20 Billion

Europe

$38.58 Billion

APAC

$35.38 Billion

Table of contents

  1. Laundry Services Market Executive Summary
  2. Global laundry Services Industry Outlook
  3. Supply Market Outlook
  4. COVID19 -Impact on Laundry Services

 

  1. Laundry Services Market Analysis 
  2. Global laundry Services Market Maturity
  3. Global laundry Services Industry Drivers and Constraints
  4. Regional Market Outlook
  5. Industry Outlook
    -laundry Services Industry Affecting Factors
  6. Porter’s Five Forces Analysis
    -Developed Markets
  7. Porter’s Five Forces Analysis
    -Emerging Markets

 

  1. Laundry Services Market Supply Analysis
  2. Supply Market Outlook
    -Supply Trends and Insights
  3. Key Global laundry Services Suppliers
  4. Key Regional Suppliers
    -Service Portfolio
  5. Key Global Supplier Profile
  6. Supplier SWOT Analysis: Sodexo,Aramark, ISS
  7. Key Regional Supplier Profile 

 

  1. Laundry Services Market MonitoringInsights
  2. Sourcing Models for laundry Services
  3. EngagementModels
  4. Cost Breakdown
    -Should-Cost Model
  5. Pricing Models
  6. Key Criteria RFI & RFP 

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Global laundry Services Industry Outlook

  • In 2020, the laundry services market was valued at $115.32 billion with a CAGR of (-2.1 percent) in 2020, due to COVID-19. The market is forecasted to grow at a CAGR of 7% percent to $180 billion by 2026. With the recent COVID-19 outbreak/challenge, the demand might shoot up in all the countries due to the urge the industries feel to keep up the work place and workwear clean and safe for their employees
  • APAC holds the 34-36% of the laundry market, North America, Europe have high market maturity
  • MENA and LATAM are expected to be the future growth-driving markets for laundry services

Impact of COVID-19 on Laundry Services 

Laundry services was slightly in more demand during the pandemic due to the health concerns of organisations as well as more focus on COVID-19 treatments at the hospitals. Supply demand gap was not huge but shortage of staff and increased turnaround time at places. The economic outlook is as uncertain as it could be at present, however from a cleanroom laundry perspective it seems unlikely that there will be major downturns in their key markets. While certain parts of the economy have been devastated others have been left unscathedorhave prospered. The key markets for cleanroom laundries at present fall into the latter category.

  • As businesses faced unexpected closures and are slowly opening across the globe post lockdown, demand has raised and the supply demand gap would eventually increase hampering the ongoing clinical researches
  • Laundry companies are overloaded by ongoing pandemic–leading to increasing supply demand gap of supplies, man power and equipment

Laundry Services Market Global Drivers and Constraints  

  • Macroeconomic Background:High inflation rates in developing countries have a direct impact on the rising demand for wages. Rises in labor costs are crucial for the laundry services industry, as they drive costs in a direct proportion
  • Outsourcing versus Insourcing:Despite the difficult global economic conditions, outsourcing of laundry services is the preferred model, compared to performing such services in-house.

Drivers

  • The global laundry industry continues to be profitable, mainly riding upon the growth of the healthcare industry and the recent COVID-19 pandemic has raised the need to create a safer work environment propelling the growth rate
  • Vacancy rates have a direct impact on procuring laundry services for commercial spaces. Vacancy rates are on the decline, providing the impetus for the laundry services industry•In a short period, new technologies, more interoperability among different laundry equipment and more suppliers in the market have resulted in higher growth. This evolution of laundry equipment's has become an advantage for laundry service in the retail industry, which helps them to complete the task in a short time with limited resources
  • Green laundry products (chemicals) and procedures will have a higher impact in the future. Hence, businesses should focus on going green and realizing the benefits therein

Constraints

  • Labor costs generally represent 50-60 percent of total operational costs. In addition to the native workers, most of the labor are immigrants and the Regulations associated with such workers can play a major role in managing laundry services effectively in a particular country
  • Britain leaving the EU may have negative consequences on the labor supply and thereby poses a threat of increasing labor costs

 

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