U.S. Laundry and Linen Service Market 2021, Size, CAGR Value, Growth Rate, Latest Trends, Future Demand, Business Investment Plans, SWOT Analysis, Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for U.S. Laundry and Linen Service Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Laundry and Linen Service Market products.

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REPORT HIGHLIGHT

The U.S. laundry and linen service market was valued at USD 28.1 billion by 2017, growing with 1.8% CAGR during the forecast period, 2018-2025

Laundry and linen service market in the U.S. is majorly driven by the growing demand for laundry and linen services among consumers. The market for laundry and linen services is also created from the need or desire of individuals and businesses to outsource laundry services. In the U.S., the majority of households reside in single-unit homes equipped with laundry areas and relevant appliances.

The fastest growth is expected for linen launderers, propelled by continued gains in healthcare establishments and employees as well as foodservice and accommodation revenues. Uniform launderers are also projected to see above-average growth due to gains in retail and foodservice revenues, and accommodation and food establishments and employees. However, most

Services Takeaway

Drycleaners & Laundries

Uniform Launderers

Linen Launderers

Coin-Operated Laundries

Among these, Drycleaners & Laundries accounted for the significant revenue share in the U.S. market. Drycleaning is a process for laundering delicate clothing that employs specially manufactured washing machines and chemical solvents instead of water. In particular, providers employ drycleaning machinery, presses, finishing equipment, shirt cabinets, as well as washers and dryers. Whereas, linen launderers predominantly focus on laundering items such as table and bed linens, towels, and diapers; but also launder uniforms, gowns, or lab-type coats, growing with promising growth rate.

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Key Vendors Takeaway

The industry is fragmented and features many regional players, as a local presence is required due to the service- intensive nature of the business, which entails direct and frequent interaction with customers. The industry is capital-intensive, serving as a barrier to entry.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY SERVICES

Drycleaners & Laundries

Uniform Launderers

Linen Launderers

Coin-Operated Laundries

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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