Deloitte estimates textile services in Europe could reach turnover of Euro 46 billion
The textile services industry in Europe could reach up to €46 billion turnover, according to a recent Deloitte market sizing study, carried out for the European Textile Services Association (ETSA).
As the alternative to customer owned textiles, the future of the textile rental industry shows enormous potential. The textile rental market includes workwear that is rented and laundered by a textile service partner.
As many businesses still purchase their workwear today and launder it themselves or leave it to their employees, the potential growth for the textile services industry is large
The textile services industry is already a major contributor to the European economy, with a current annual turnover of circa €11 billion (2012) and employing 135 000 people in the EU. The textile services market has grown in almost every segment and product type in recent years, despite the negative economic climate.
These are the conclusions of Deloitte's report 'Quantifying the Opportunity', a market sizing study carried out for ETSA and published in June 2014. The growth for five geographic areas is outlined below.
Further details are available in the Deloitte report published in June 2014.:
An ETSA press release is available in the following languages: