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The global uniform service industry was valued at $35.09 billion in 2021, the market is forecasted to grow at a CAGR of 4–6 percent by 2025
Economic unrest, due to COVID-19 pandemic, has reduced the overall growth rate of uniform service across the globe
Uniform services are having a moderate to high impact. In one side many offices are in lockdown affecting those services, and at the same time demand for providing support to workers and other essential service personnel are driving the uniform service category
Aramark: Uniform segment revenue decreased by approximately 2.7 percent during fiscal 2020 compared to the prior year period. The decrease was primarily attributable to COVID-19, partially offset by new business from the sale of PPE
VF Corporation: The revenue increased by 2 percent Y-o-Y to $10.5 billion, primarily due to the $462.4 million contribution from organic growth, including a 2 percent unfavorable impact from foreign currency
Uniform services experienced improving trends, particularly in the rental business as well as increased client demand for adjacency services, including Personal Protective Equipment (PPE)
Industry Drivers
Demand for Material Innovation :
Increase in demand for continuous research and developments in the innovation of advanced fabric and materials
Demand for fashionable and user friendly uniform products
Use of technology (IoT, physical distance platforms) enabled uniforms
Growing supply of workforce :
Safety of employees is the major market demand from organizations and increase in the workforce can impact the uniform service industry positively
Growing demand from business sector :
Organizations are adopting advanced uniform products for their employees
Constraints
Substitutes :
Competitive Landscape :
Uniform Services
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