USD 63259.2 million
Report ID:
SQMIG20N2015 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
71
|Figures:
74
Cleaning Services Market size was valued at USD 67371.05 Million in 2023 and is poised to grow from USD 71750.17 Million in 2024 to USD 118746.22 Million by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).
Infrastructure expansion and increasing real estate investment are strong market drivers for cleaning services globally. Furthermore, more commercial and non-commercial structures are being built. The growth of maid cleaning services is being driven by the rising number of working women. The expanding urban population and the increase in disposable income are further major drivers. Growing consumer demand for vacuum cleaning and floor cleaning services as well as rising health awareness of the advantages of cleanliness are predicted to provide new lucrative opportunities and fuel the expansion of the cleaning services market. Vacuum-cleaning services are expected to expand more quickly as a result of the increasing demand for dust cleaning from various residential and commercial sectors.
The introduction of several automated cleaning machines due to technological innovation offers promising future growth. Low noise vacuum cleaners and floor cleaners provide better cleaning effectiveness. Adoption of eco-friendly cleaning supplies and specialized services like cleaning and event cleanup present additional opportunities. As a result, the market has several opportunities for expansion. However, there are significant limitations, such as fierce rivalry brought on by the accessibility of substitute technology and the rising cost of labor. In order to stop the spread of the epidemic, consumers now handle all household chores like cleaning and washing around their own.
US Cleaning Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 63259.2 million
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
6.5% CAGR
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Global Cleaning Services market is segmented on the basis of Type, End User and region. By Type, the Cleaning Services Market is segmented into Window Cleaning, Vacuuming, Floor Care, Janitorial, Carpet & Upholstery, and Other Services. By End User, the Cleaning Services Market is segmented into Residential, Industrial, Commercial (Healthcare & Medical Facilities, Educational Institutions, Hotels & Restaurants, Retail Outlets, Corporate Offices, Financial Institutions. The Cleaning Services Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America as according region.
Cleaning Services Market Analysis by Type
In 2021, the segment with largest revenue share is floor and carpet cleaning. Cleaning a very large area's carpet or floor in an office or manufacturing industry is an extremely time-consuming and laborious task. The contract service provider charges more for this service than for any of the other services combined. The cost of other services, such as washing windows or upholstery, is slightly lower than the cost of cleaning floors or carpets since they don't take as much time or are as labor-intensive. For any industrial or commercial institution, cleaning the floor is the basic cleansing function. As such reason, all qualified contractors employ people mainly for this service.
Cleaning Services Market Analysis by End User
In 2021, the commercial sector attracted the highest share—over 51%. The category can be split based on the kinds of establishments, such as hotels or restaurants, healthcare or medical facilities, schools and colleges, or other commercial establishments. The commercial sector, which acquired these contracts, service cleaners for periods of one year or more, depending on the necessity, captured the largest segment of the market.
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In 2021, North America's revenue share was roughly 35%. Due to rising incomes and an increase in public consciousness of health and hygiene, the demand for contract cleaning services globally is growing continuously. These services provide organizations a wholistic approach. Due to factors like the increase in the number of working women, changes in consumer lifestyle, and the amount of disposable income, households are also using contract cleaning services. China is anticipated to be the second largest market after the US market, with construction activities in North America predicted to have a very good position or a very good share in the market for contract cleaning services.
In terms of revenue share, the Asia Pacific region is expected to grow at the fastest CAGR. This is related to increasing disposable money, population expansion, and heightened health and hygiene consciousness, especially in developing countries like China and India. The demand for cleaning services will rise during the forecast period as a result of the increased building activity in these nations brought on by rising urbanization.
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Cleaning Services Market Drivers
Increased health awareness and disposable income
Growing Demand for Qualified Cleaning Services to Drive Market Growth
Cleaning Services Market Restraints
High competition in the cleaning services market will limit market expansion.
Security and privacy issues
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Due to the large number of players that operate in the industry, the market is very competitive. For clients who have received services on a monthly or weekly basis, the service provider ensures both affordability and quality. Customers are more likely to be satisfied with specific brands and show loyalty when owners communicate with customers through service feedback. The referral schemes, which let customers recommend friends or family members, have been chosen by service providers. Another aspect that heightens competition in the market for cleaning services is the price of the services.
Cleaning Services Market Top Player’s Company Profiles
Compass Group
Aramark
ABM Industries
Ecolab
Dussmann Group
Mitie Group
Temco Service Industries
SBM Facility Services
Vebego International
JLL
CBRE Group
Colliers International
Cushman & Wakefield
Grosvenor Services
KleenMark
Vanguard Cleaning Systems
Coverall North America
Cleaning Services Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to global cleaning services market analysis, the market entails housekeeper cooperation, windowpane cleaning, carpet cleaning, matting and cushioning purification, and other cleaning agents, which are handled by suburban and commercial clients.The market growth can be attributed to increasing consumer disposable income, rising business and residential demand for professional cleaning services, and growing public awareness of sanitation and hygiene.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 63259.2 million |
Market size value in 2031 | USD 111498.8 million |
Growth Rate | 6.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cleaning Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cleaning Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cleaning Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cleaning Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Cleaning Services Market size was valued at USD 63259.2 million in 2019 and is poised to grow from USD 67371.05 million in 2023 to USD 111498.8 million by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).
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Report ID: SQMIG20N2015
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