Global contract cleaning services market is expected to foresee significant growth. North America to lead the growth!
- Vikas Kumar
- June 5, 2022
- CONSUMER GOODS, NEWS
- Contract cleaning services market, Contract cleaning services market Forecast, Contract cleaning services market Growth, Contract cleaning services market News, Contract cleaning services market Share, Contract cleaning services market Size, Contract cleaning services market Trend
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The Global Contract Cleaning Services market is expected to register a CAGR of around 6% over the period of 2021-2027. Surging the hospitality industry globally is one of the prominent factors which is driving the demand for contact cleaning. Over the last decade. the hospitality industry has enjoyed a spurt of massive growth since the end of the financial crisis. According to the World Bank, the global economy has grown at a pace of more than three percent per year up until the global pandemic hit in 2019/20. Due to pent-up demand during the beginning of the pandemic, there was an acceleration of the global economy in 2021 of 5.5% growth, however, it is set to decelerate to 4.1% in 2022 and 3.2% in 2023, arriving back at pre-pandemic levels.
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Based on service type, the market is classified into window Cleaning, floor & carpet cleaning, Upholstery Cleaning, Construction Cleaning, and Others. Amongst service types, the floor and carpet segment accounted for a significant share of the market. This is mainly due to the rising number of manufacturing facilities and corporate offices across the globe is generating the demand for the contract cleaning as the floor cleansing is a pre-requisite for any commercial and industrial establishment and is therefore mostly outsourced to skilled contractors
Based on end-user, the market is categorized into residential, commercial, and industrial. Among these commercial segments is expected to witness the highest CAGR during the forecast period. The commercial sector primarily includes office buildings, malls, healthcare facilities, etc., which require frequent cleaning during the day. Moreover, the revival of the construction and real estate sector after a brief period of a lull during the first half of this decade, and the resulting rise in the number of commercial buildings. Therefore, office buildings invest significantly in keeping the premise clean and sanitized.
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For a better understanding of the market adoption of the Contract Cleaning Services industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Mexico); Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to witness the highest CAGR during the forecast period on account of the rising number of commercial and industrial buildings in North America. As per Commercial Buildings Energy Consumption Survey (CBECS), as of 2018 5.9 million U.S. commercial buildings contain a total of 97 billion square feet. The number of commercial buildings increased by 6%, and commercial square footage increased by 11% since the CBECS was last conducted in 2012.
Some of the major players operating in the market include AABM Industries Incorporated, Jani-King International Inc., ISS Facility Services, Inc., Sodexo Group, Mitie Group plc., Pritchard Industries Inc., Vanguard Cleaning Systems Inc., Stanley Steemer International Inc., Cleaning Services Group, Inc., The ServiceMaster Company, LLC.
Global Contract Cleaning Services Market Segmentation
Market Insight, by Service Type
- Window Cleaning
- Floor & Carpet Cleaning
- Upholstery Cleaning
- Construction Cleaning
Market Insight, by End-Use
Market Insight, by Region
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- ABM Industries Incorporated
- Jani-King International Inc.
- ISS Facility Services, Inc.
- Sodexo Group
- Mitie Group plc.
- Pritchard Industries Inc.
- Vanguard Cleaning Systems Inc.
- Stanley Steemer International Inc.
- Cleaning Services Group, Inc.
- The ServiceMaster Company, LLC