Report ID: SQMIG20N2015
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.
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REQUEST FREE CUSTOMIZATIONCleaning 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