TRSA has commissioned The Economist Intelligence Unit (EIU) to build a market opportunity assessment for the linen, uniform and facility services industry across 13 countries in six regions to explore market demands and forecast market, service and product opportunities, according to a news release. Based on evidence-driven research, interviews with industry experts and demand sector outlooks, EIU will premiere results at the World Textile Services Congress (WTSC), June 18-19, 2020, in Frankfurt, Germany, immediately prior to the Texcare International trade show.
“This first-ever global textile services market opportunity assessment will highlight opportunities and challenges across market sectors and geographic regions,” said TRSA President & CEO Joseph Ricci, “The results will be discussed, released and available for purchase at discounted rates to World Textile Services Congress (WTSC) participants before subsequent release internationally.”
Countries to be 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 to be covered are healthcare, hotels, construction, energy (oil and gas) and manufacturing.
Key questions the market assessment will answer 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 digitization impact the industry and how will this differ across countries?
The research will address 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 will provide EIU with 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 will identify the main drivers for demand for the industry’s services in the next five years,” said Ricci. “The study will portray 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 will yield unmatched expert commentary, interpretation and forecasting on how our industry and its trajectory will be shaped by macroeconomic and demographic forces,” he added.
With main offices in London, New York and Hong Kong, EIU is a 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.