Global cleaning services market to generate $462,476.8 million and grow at a CAGR of 11.5% from 2021 to 2028 [175-Pages]

The global cleaning services market is expected to witness substantial growth over the forecast period, owing to the rising demand for high-quality cleaning services globally. The Asia Pacific The region is expected to experience the fastest growth by 2028.

NEW YORK, June 13, 2022 /PRNewswire/ — Research Dive, in its latest published report, estimates that global cleaning services market will be produce $462,476.8 million and expose a 11.5% CAGR of 2021 to 2028.

cleaning services market Dynamic

The demand for high quality cleaning services has increased worldwide due to the growing awareness among people about the importance and necessity of a clean environment. Also, due to the increasing rate of urbanization, many large and new office spaces and commercial buildings are being constructed. Therefore, the demand for highly advanced cleaning services such as vacuuming, floor mopping and other cleaning electronics has increased. All these factors are estimated to propel the growth of the global cleaning services market during the forecast period. However, the competition among the market players has increased sharply which is expected to hamper the growth of the market over the estimated period.

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Impact of the COVID-19 pandemic on the cleaning services market

The COVID-19 pandemic has had a moderate impact on the growth of the global cleaning services market. The negative growth of the market is mainly due to the decline in demand for cleaning services owing to the strict lockdown imposed by the governments of various countries, which has led to the closure of commercial buildings such as offices, shopping malls and others. However, the demand for sanitation and disinfection services has increased during the pandemic period due to strict regulations and sanitation standards from governments. All these factors had a moderate impact on the growth of the global cleaning services market.

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Key Segment Results cleaning services market:

The research report segments the cleaning services market into type, end-user, and region.

  • Based on type, the janitorial services sub-segment is estimated at exceed $114,814.2 million by 2028 and represent the highest revenue during the forecast period. This is mainly due to the increase in the number of contract services in the cleaning service industry. Also, janitorial cleaning services are in high demand owing to the presence of various small market players around the world who collaborate with large outsourcing companies in order to provide cleaning services.
  • On the basis of end-user, the residential sub-segment of the global cleaning services market is estimated to generate income from $199,026.3 million by 2028 and is expected to grow at the fastest rate over the forecast period. This is mainly due to the increasing preference of working professionals for postpaid or prepaid cleaning services to save time and the increase in employment rate globally.
  • Depending on the region, the Asia Pacific the cleaning services market is estimated at $44,024.2 million in 2020 and is expected to experience the fastest growth over the forecast period. This is mainly due to the presence of large cleaning service providers in the area. Also, the business infrastructure is increasing due to the rapidly growing urbanization, which increases the demand for various cleaning services, such as window cleaning and others. This is another factor expected to drive the growth of the regional market by 2028.

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Prominent cleaning services market Players

Major players in the global cleaning services market include

  1. ABM Industries Inc.
  2. Aramark Corporation
  3. Analog cleaning systems
  4. Chem-Dry
  5. Jani-King International, Inc.
  6. Cleannet
  7. Pritchard Industries Inc.
  8. Coit Cleaning and Catering Services
  9. Sodexo
  10. Servicemaster, LLC.

These players focus on product launches, technological advancements, and strategic collaborations to gain competitiveness in the global market. – Grab the full report here

For instance, in September 2021Sodexo, the global leader in services that improve quality of life, announced the launch of “Protecta”, Sodexo’s new evidence-based and enhanced infection prevention approach for hospitals. Protecta offers a range of infection control services as well as deep cleaning services to help mitigate, contain and control the risk of HCAI outbreaks.

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About research diving

Research Dive is a market research company based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides services solely based on its proprietary data model, constrained by the 360-degree research methodology, which guarantees complete and accurate analysis. With unparalleled access to several paid data resources, a team of expert researchers and a strict work ethic, the company offers extremely accurate and reliable information. By reviewing relevant press releases, government publications, decades of business data, and technical and white papers, Research Dive delivers the required services to its clients in a timely manner. His expertise is focused on examining niche markets, targeting their key driving factors and spotting threatening obstacles. Complementarily, he also maintains seamless collaboration with leading industry enthusiasts, which provides an added edge to his research.

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