Contract cleaning services remain a booming market
According to a recent report published by Research and Markets, the global market for contract cleaning services – estimated at $251.3 billion in 2020 – is projected to reach a revised size of $329.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 4.8% over the analysis period.
Floor & Carpet Cleaning, one of the segments analyzed in the report, is expected to register a CAGR of 5% and reach $110.9 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the window cleaning segment is readjusted to a revised CAGR of 4.8% for the next 7-year period.
The US market is estimated at $75.8 billion in 2021, while China is expected to reach $66.5 billion by 2026
The contract cleaning services market in the United States is estimated to be worth US$75.8 billion in 2021. China, the world’s second largest economy, is expected to reach a projected market size of US$66.5 billion by 2026 , with a CAGR of 6.2% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 3.5% and 4.1% respectively over the analysis period.
In Europe, Germany is expected to grow at a CAGR of approximately 4.4%. Growing customer awareness of the benefits of the sustainability of their facilities and the well-being of their employees is driving an increased demand for contract cleaning services. Companies around the world are increasingly focusing on creating healthier work environments for their employees, as a healthy workplace holds significant potential for improving productivity. Outsourcing these space cleaning services also frees up a lot of time for organizations, which they can use to strengthen their core business. The two main advantages of outsourcing cleaning services to dedicated service providers are ease of management and cost effectiveness.
One of the notable market trends is the growing adoption of sustainably produced cleaning products. Green cleaning products are free from conventional harmful chemicals, hormone disruptors, allergens, carcinogens and other substances harmful to the environment. Several vendors currently offer green cleaning services using green products derived from biodegradable, non-toxic, and natural materials. Natural products such as baking soda, vinegar, lemons and others are increasingly used. These green products are likely to shape the wallets of service providers in the years to come.
Upholstery Cleaning Segment to Reach $59.9 Billion by 2026
In the global upholstery cleaning segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 5.3% for this segment. These regional markets representing a combined market size of US$34.6 billion in 2020 will reach a projected size of US$49.7 billion by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries like Australia, India, and South Korea, the Asia-Pacific market is expected to reach $4.6 billion by 2026, while Latin America will grow at a CAGR 6.2% over the analysis period.
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