WILMINGTON, DE / ACCESSWIRE / December 22, 2022 / Transparency Market Research Inc. - According to a Transparency Market Research study, the global linen supply & management services market is expected to grow at a compound annual growth rate (CAGR) of 9.2% during the forecast period, between 2022 and 2031.
Linen supply & management service providers offer several products, such as bath linen, table linen, and bed linen. Some of the profitable spaces that use linen supply & management services include healthcare, transportation, guesthouses, hotels, and spas. Linen supply & management services offer linen rental/hire, customer services management, inventory management, and laundry services.
Well-established linen supply & management services market players focus on generating new revenue streams and gain an edge over other players by launching new services. They are signing collaborative agreements with other players to improve their revenue and expand their presence in the global market.
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Key Findings of Market Study
- Increase in Prevalence of Chronic Disorders Boosting Overall Market: Population suffering from different chronic diseases has been growing steadily for the last few years. Change in customer lifestyle and eating habits has emerged as a key factor increasing the prevalence of chronic disorders, which has fueled the demand for linen supply & management services and triggered industry growth.
- COVID-19 Pandemic Fuels Overall Linen Supply & Management Services Industry Growth: The COVID-19 pandemic positively impacted the linen supply & management services market. Consumer demand for sanitized and hygienic linen products during the pandemic helped in the growth of the overall market. It is expected that in the post-pandemic period as well demand for sanitized and hygienic linen products from customers would remain high, stimulating market development.
Linen Supply & Management Services Market - Key Drivers
- Rise in the number of initiatives promoting the use of hygienic products and services is expected to help expand the market size for linen supply & management services
- Increase in dependence of profitable establishment owners on linen supply & management service providers for maintaining consistent quality checks could augment global market growth during the forecast timeline
- Rise in the manufacturing and sale of pillowcases and bed sheets is also expected to propel the overall market during the forecast period
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Linen Supply & Management Services Market - Regional Insights
Asia Pacific is projected to emerge as the dominant market during the forecast period because of the rise in number of different profitable spaces, such as restaurants, beauty parlors and spas, and healthcare facilities in China and India. Leading players are expected to establish R&D centers in Asia Pacific countries in future owing to the ease of availability of key resources, such as land and labor.
Linen Supply & Management Services Market - Key Players
The global market is competitive with the presence of several international and regional players. Entry of new players is likely to intensify the competition during the forecast period.
Prominent players are investing in research and development undertakings to produce improved linen supply & management services that would meet customer requirements in different end-use industries.
Some of the key players in the global market for linen supply & management are ACE Hospitality linen, Braun Linen, Crown Linen LLC., Ecolab, and Elite Linen.
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The global linen supply & management services market is segmented based on:
Product Type
- Inventory Management
- Linen Rental/Hire
- Laundry Services
- Customer Services Management
Linen Type
- Bed Linen
- Bath Linen
- Table Linen
- Others
Service Provider
- In-house
- Contractual
End-use
- Healthcare Facilities
- Hotels & Resorts
- Service Apartments
- Corporate Guesthouses
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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