What is the global market size of Cleaning Services Market?

Global Cleaning Services Market size was valued at USD 63259.2 million in 2021 and is poised to grow from USD 67371.05 million in 2022 to USD 111498.8 million by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

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 News

In 2022, ABM and Able Services, a nationwide provider of janitorial, engineering, and facilities maintenance solutions, inked a legally binding agreement for the acquisition of Able Services. The company's sales growth and profit margin would be accelerated with the assistance of this agreement.

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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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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

Cleaning Services Market News

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