The Cleaning Services Industry (Market) is expected to reach $111,498.8 billion by 2030
PORTLAND, , OR, USA, Sep 14, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled “cleaning services market By Type, End-User, and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030”, the global cleaning services market size was valued at USD 55,715.0 million in 2020 and is projected to reach 111,498 $.8 million by 2030, registering a CAGR of 6.5% from 2021 to 2030. Floor care segment was the largest contributor to the market, with $12,293.8 million in 2020 , and is expected to reach $22,820.2 million by 2030, growing at a CAGR of 5.7% during the forecast period. Cleaning services encompass a wide range of services such as window washing, floor cleaning, vacuuming, furniture cleaning, carpet cleaning, air duct cleaning, water damage restoration and other similar services. These services are used by commercial and residential customers.
Download a free sample report (get full information in PDF format – 224 pages) at: https://www.alliedmarketresearch.com/purchase-enquiry/1913
The growth of the cleaning services market can be attributed to the growing acceptance of these services due to the economic recovery, rising discretionary incomes and increasing number of dual-income households, supporting the expansion of the market. In addition, the expansion of the commercial sector and real estate investments are expected to fuel the demand for various cleaning services. However, the strong competition, especially in the industrialized countries, is one of the major reasons limiting the growth of the market. On the contrary, rapid urbanization has had a favorable impact on the cleaning services sector, while having a negative impact on the environment due to the pressure on infrastructure. Many government operations of garbage management, such as mobile applications for smart cities, influence the cleaning services market. The cleaning services market is likely to continue to expand as public awareness about the benefits of a green and healthy environment increases, thereby creating opportunities for the growth of the global cleaning services market.
Based on the analysis of the cleaning services market by type, the floor care segment was the dominant segment in 2020 and is expected to remain so throughout the forecast period. The growth of this segment can be attributed to the growing demand for premium cleaning products. Additionally, the growing demand for cleanliness in office and home premises is driving the market growth for the segment. However, the carpets and upholstery segment is expected to register the highest growth rate throughout the forecast period. The growth of this segment of the cleaning services market can be attributed to the growth in sales of home decor items such as rugs, carpets, furniture and more.
For detailed information, log in to the analyst: https://www.alliedmarketresearch.com/request-for-customization/1913
Based on the cleaning services market forecast by end use, the commercial segment accounted for the majority of the share in 2020 and is expected to continue the trend throughout the forecast period. The growth of this segment can be attributed to the increase in the number of commercial premises such as offices, hospitals, clubs and more. However, the residential segment is expected to grow at the fastest growth rate throughout the forecast period owing to the increase in working hours coupled with an increasing trend towards cleanliness among homeowners.
By region, North America region remained the dominant market in 2020 and is expected to grow at a notable growth rate throughout the forecast period. The United States was the dominant country in terms of revenue share in 2020 and is expected to continue the trend throughout the forecast period. Asia-Pacific is expected to grow at the fastest CAGR of 7.4% throughout the forecast. This region’s growth in the cleaning services market can be attributed to improved business infrastructure and rapid increase in economic growth over the past decade.
Main results of the study
On the basis of type, the carpet and upholstery segment is expected to experience the highest CAGR of 7.8%, in terms of revenue, during the forecast period.
Based on end user, commercial segment is expected to dominate the market from 2021 to 2030.
The residential segment is expected to grow at a significant CAGR during the forecast period.
The United States was the largest country in terms of revenue generation for cleaning services in 2020.
Asia-Pacific is expected to experience the highest growth rate, registering a CAGR of 7.4% from 2021 to 2030
The market for cleaning services is essentially an organized market dominated by a few players. Major players in the cleaning services industry rely on strategies such as product launch and acquisition to remain relevant in the global cleaning services market share. Key players profiled in the report are ABM Industries Inc., Analog Cleaning Systems, Aramark Corporation, Chem-Dry, Cleannet, Jani-King International, Inc., Pritchard Industries Inc., Sodexo, Coit Cleaning And Restoration Services and The Servicemaster Company . , LLC.
Survey before buying Report @ https://www.alliedmarketresearch.com/purchase-enquiry/1913
Similar trend reports:
luxury travel market
Business travel market
Golf equipment market
Low cost airline market