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The European Textile Rental Congress held in London on October 4, 2001, highlighted the state of the continental textile rental markets. Key insights provided by George H. Hoffman of Management Consultants included moderate to strong growth across regions, increased industry concentration, specialization, and diversification. Mature markets like Germany, France, and the UK show solid performance, while emerging markets in Central and Eastern Europe offer new opportunities. The report discusses market dynamics, key players, and the trending consolidation within the industry.
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WORLD TEXTILE RENTAL CONGRESSLONDON 4 OCTOBER 2001THE STATE OF THE CONTINENTAL EUROPEAN TEXTILE RENTAL MARKETS GHH - GEORGE H HOFFMAN - MANAGEMENT CONSULTANTS
MAIN MARKET TRENDS • MODERATE TO STRONG GROWTH • INCREASING INDUSTRY CONCENTRATION • SPECIALISATION AND DIVERSIFICATION • GROWTH OF A EUROPEAN INDUSTRY GHH - GEORGE H HOFFMAN - MANAGEMENT CONSULTANTS
Moderate to Strong Growth By country and region: • More mature markets: Germany, France, UK, Benelux Scandinavia, Finland, Austria, Ireland 2. Less mature markets: Italy, Spain, Portugal, Greece • New markets Central and Eastern Europe By products
Increasing Industry Concentration Very Fragmented: Italy, Spain, Eastern Europe Fragmented: Germany Concentrated: France, UK, Benelux, Scandinavia,Austria, Finland
Specialization and Diversification • Workwear and Uniforms: Elis, Boco, Johnson, Mewa, DBL, Bardusch, Steiner • Linen: Sunlight/Spring Grove, 100’s of smaller companies • Healthcare: Sophus Berendsen, Rentex • Hygiene: CWS, Rentokil Initial 5. Mats: No one 6. Wipers: Mewa
Growth of a European Industry 1.Mainly national markets, with textile rental companies driving the consolidation process. 2.Some markets are merging: Scandinavia; Benelux; UK and Ireland; Spain and Portugal; Germany, Austria and Switzerland; Germany and France; Northern Italy and Germany 3. The emergence of a few major European companies.
GHH – GEORGE H HOFFMANMANAGEMENT CONSULTANTS • P.O. BOX 71 • GUILDFORD, SURREY • GU3 3XY • ENGLAND • TELEPHONE: 44-1483-306820 • FAX: 44-1483-306828 • E-MAIL: ghhoffman@gmail.com • WEBSITE: WWW.GEORGEHHOFFMAN.COM