Global Cleaning Services Market to Be Driven by Growing Innovations During the Forecast Period 2020-2025 – Ripon College Days
Expert Market Research’s new report titled “Global Cleaning Services Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global cleaning services market, assessing the market based on its segments such as end-uses and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2015-2025)
• Historical market size (2019): 57.9 billion USD
• Forecast CAGR (2020-2025): 6.3%
• Projected market size (2025): 83.6 billion USD
Innovations in automated cleaning services have contributed to the historic growth of the market. This factor, coupled with rapid urbanization, has boosted the growth of the cleaning services market. The growth of the healthcare industry has driven the growth of the global cleaning services market. Disposable income is expected to increase due to high inflation rates. Therefore, during the forecast period, the increase in disposable income is expected to propel the market, owing to a rise in the residential sector. Additionally, steady demand from retail sector, public institutions, hospitals, stadiums and theaters due to COVID-19 is expected to drive the market growth over the forecast period.
Industry definition and major segments
The global cleaning services market includes services such as maid services, window cleaning, stage cleaning, contract cleaning, tapestry cleaning, etc., which are demanded by residential and commercial consumers.
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On the basis of end use, the industry is divided into:
• Educational institutions
• Retail complexes
• Residential homes
• Health facilities
• Industrial facilities
Regional markets for cleaning services include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Sustainable cleaning solutions are experiencing an increase in demand due to restrictive environmental policy. Green cleaning products and procedures with a minimal carbon footprint are the upcoming trends in the market. Innovations in cleaning equipments to achieve efficient cleaning without damaging the environment are expected to be an important market trend during the forecast period. These products are efficient in terms of electricity consumed, water consumed and minimal waste discharge into the environment. Market trends over the forecast period are expected to reflect the COVID-19 pandemic and are expected to adjust accordingly. Thus, low contact cleaning services are expected to grow in popularity in the coming years.
Main market players
Major Market Players CBRE Group, Inc. (NYSE: CBRE), Sodexo Group (EPA: SW), Jones Lang LaSalle IP, Inc., Compass Group PLC (LON: CPG), Cushman & Wakefield (NYSE: CWK), GSN (ASX: GSN), ADEN (SWX: ADEN), ABM (NYSE: ABM), The ServiceMaster Company LLC and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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