The cleaning services market size will reach USD 111,498.8 million by 2030 at a CAGR of 6.5%
BANGALORE, India, March 8, 2022 /PRNewswire/ — The cleaning services market is segmented by type (window cleaning, vacuuming, Floor carecleaning services, carpets and upholstery and other services), and end use (Commercial and Residential. The report covers global opportunity analysis, regional outlook, growth potential and industry forecast from 2021 to 2030.
The global cleaning services market size has been valued at $55,715.0 million in 2020 and is expected to reach $111,498.8 million by 2030, registering a CAGR of 6.5% from 2021 to 2030. The floor care segment was the largest contributor to the market, with $12,293.8 million in 2020, and should reach $22,820.2 million by 2030, at a CAGR of 5.7% over the forecast period.
The major factors driving the growth of the cleaning services market are:
The market for cleaning services is growing as people become more aware of workplace hygiene and concerned about workplace sustainability and employee well-being. The recent covid-19 outbreak is also expected to boost the growth of the cleaning services market.
Acceptance of cleaning services has improved due to the economic recovery, which has increased discretionary income, and the increase in the number of dual-income households, which has contributed to the expansion of the service market of cleaning. Also, the demand for various cleaning services is expected to increase as the commercial sector grows and real estate investments increase.
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Trends influencing the growth of the cleaning services market:
Due to the ongoing COVID-19 pandemic, household cleanliness has become mandatory. Due to sanitary restrictions and growing awareness of wellness, house cleaning services are now required which, in turn, is driving the growth of the cleaning services market. Additionally, governments in a number of countries have issued a set of standard operating procedures (SOPs) and guidelines for businesses to follow in order to reduce the risk of further waves of the current pandemic. Commercial and industrial businesses must adhere to the guidelines not only to keep their employees safe, but also to avoid legal repercussions.
Utilization of technological innovation to integrate multitude of automated cleaning devices is expected to create lucrative growth opportunities for cleaning services market growth. Silent vacuum cleaners and floor cleaners offer better cleaning efficiency. Other possibilities include the use of environmentally friendly cleaning products and specialized services such as cleaning and event cleaning.
In addition, the cleaning services market has benefited from rapid urbanization. The cleaning services market is influenced by many government operations of garbage management such as mobile applications for smart cities. As the public realizes the benefits of a green and healthy environment, the market for cleaning services is likely to grow.
However, there are some constraints, such as increasing labor costs and intense competition due to the easy availability of substitute technologies. To combat the spread of the pandemic, consumers are doing all household chores such as cleaning and laundry themselves.
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Cleaning Services Market Share Analysis:
By type, in 2020, the floor care segment was the most popular, and it is expected to continue to be so throughout the forecast period. The growing demand for premium cleaning products is responsible for the growth of this segment. Additionally, the segment market is growing owing to the growing demand for cleanliness in offices and homes.
Based on end users, in 2020, the commercial segment held the majority of the market share, and this trend is expected to continue throughout the forecast period. The increase in the number of commercial properties such as offices, hospitals, and clubs, among others, can be attributed to the growth of this segment in the cleaning services market.
Based on region, In 2020, North America remained the leading region in the cleaning services market and is expected to grow at a significant rate during the forecast period. In terms of revenue sharing, United States was the most dominant country in 2020, and this trend is expected to continue throughout the forecast period. Asia Pacific is expected to grow at the fastest rate of 7.4% over the forecast period.
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Main market players
- ABM Industries Inc.
- The Master Service Company, LLC
- Anago cleaning systems
- Aramark Corporation
- Jani-King Inc.
- Stanley Steemer International, Inc.
- Pritchard Industries Inc.
Other actors in the value chain include
- BONUS Building Maintenance
- red coats
- Unicco Services UGL
- Jan-Pro International
- Clean the first time
- Compass Group Plc
- Duraclean International Inc.
- Harvard Maintenance Inc.
- Steamatic Inc.
- Stratus Building Solutions
- Temko Service Industries Inc.
- Cleaning the mother’s house
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