Global Cleaning Services Market

Cleaning Services Market Size, Share, Growth Analysis, By Type(Window Cleaning, Vacuuming, Floor Care, Janitorial), By End User(Residential, Industrial, Commercial (Healthcare & Medical Facilities, Educational Institutions), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20N2015 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 71 | Figures: 74

Cleaning Services Market Dynamics

Cleaning Services Market Drivers

Increased health awareness and disposable income

  • In using cleaning services, the source of revenue is quite significant. People all throughout the world now have high disposable income than in former years. People's lifestyles have altered significantly as a result of this disposable wealth. Additionally, a busy lifestyle and rigorous job schedule are frequently accompanied by high income, leaving no time for cleaning. People choose to outsource their cleaning tasks under such situations, aiding the industry's growth.

Growing Demand for Qualified Cleaning Services to Drive Market Growth

  • The anticipated time period calls for an acceleration of the growth of the cleaning services market due to increasing public awareness of the necessity and importance of a clean environment. Big commercial sites including malls and offices are typically tough for man labor to clean. A company is thus engaged by the organization to provide cleaning services.

Cleaning Services Market Restraints

High competition in the cleaning services market will limit market expansion.

  • The market is growing rapidly, which has led to the entry of numerous new businesses offering various cleaning services. As a result, there is more rivalry in the market for fast growth. In the upcoming years, this factor is likely to restrain the rise of the cleaning services market share.

Security and privacy issues

  • When the cleaners are around, a person may feel as though his privacy is being compromised. Such folks also feel the need to constantly keep an eye on the cleaners' activities. This may be due to their possible fear of expensive stuff like watches, phones, and other items being stolen. Even though the majority of cleaning firms promise this, there are still isolated instances of client theft. Additionally, some people see security problems when a stranger enters the building. In other cases, cleaners have used less expensive products in an effort to cut money, which could damage the property or result in poor cleaning.
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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).

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. 'Sodexo SA', ' ISS World ', ' 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 '

In using cleaning services, the source of revenue is quite significant. People all throughout the world now have high disposable income than in former years. People's lifestyles have altered significantly as a result of this disposable wealth. Additionally, a busy lifestyle and rigorous job schedule are frequently accompanied by high income, leaving no time for cleaning. People choose to outsource their cleaning tasks under such situations, aiding the industry's growth.

Numerous automated cleaning systems have been developed due to technical advancement, that offers promising market growth. The low noise floor cleaners and vacuum cleaners provide improved cleaning effectiveness. Green cleaning product usage and specialist services like cleaning and event cleanup offer further prospects. The market includes various opportunities to grow as an outcome.

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.

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Global Cleaning Services Market

Report ID: SQMIG20N2015

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