Emphasis on Service Type (Window Cleaning, Floor & Carpet Cleaning, Upholstery Cleaning, Construction Cleaning, Others); End-Use (Residential, Commercial, Industrial); and Region/Country
The global Contract Cleaning Services market is uplifting on account of the rising awareness about hygiene among end-users, emerging hospitality, and the healthcare sector globally. Moreover, Organizations are increasingly focusing on creating a healthier work environment for employees to enhance their productivity. The adoption of Contract Cleaning Services helps the organizations to adopt a holistic approach to keep their offices cleaner, healthier, and greener. Many companies are increasingly outsourcing their cleaning services as it offers various advantages like ease of management and cost-effectiveness.
As offices, stores, and other commercial enterprises are increasing, the cost of in-house cleaning services places a rising burden on operating overheads. For instance, according to the US Census Bureau, the value of US commercial construction in 2018 was USD 89.52 billion. Thus, outsourcing essential cleaning functions offers an effective way to enjoy a cleaner workspace and free up resources for core business operations. Therefore, the market for Contract Cleaning Services is expected to witness a significant CAGR of 5% during the forecast period.
The Global Contract Cleaning Services market is expected to register a CAGR of around 6% over the period of 2021-2027. This is mainly due to the rising number of commercial and industrial buildings across the globe. 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. Moreover. commercial building floor space is expected to reach 124.3 billion square feet by 2050, a 33% increase from 2020.
Moreover, the regions such as North America and Europe are characterized by the presence of many service providers, especially in the countries such as the United States and the United Kingdom. For instance, Wegmans, a grocery store chain in the US, adopted cleaning services from Cleaning Services Group Inc. for all its store locations in the country. The cleaning services help the company in keeping its construction sites clean as they erect 4-5 new stores per year. This also helps the company to maintain an environment free from dust and oil spills from construction equipment, thus, improving the safety of the worksite.
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, are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst service type, floor & carpet cleaning category accounted for the majority share in the market in 2020”
Based on the service type, the market is fragmented into Window Cleaning, Floor & Carpet Cleaning, Upholstery Cleaning, Construction Cleaning, and Others. The floor and carpet cleaning segment grabbed the dominating market share in 2020. The emerging number of residential and commercial properties across the globe is resulting in the growing market
“Amongst end-use, residential segment is expected to witness highest CAGR during the forecast period”
Based on the end-use, the market is fragmented into residential, commercial, and industrial. The commercial segment grabbed the major market share in 2020 and dominated the market. The emerging number of malls, shopping complexes, healthcare facilities, educational institutes, etc., is contributing to the market growth
“North America to witness significant growth during the forecast period”
North America is expected to show the highest CAGR growth in the Contract Cleaning Services market. A rising number of commercial and industrial buildings in North America is one of the prominent reasons driving the demand for Contract Cleaning Services. 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. Moreover. commercial building floor space is expected to reach 124.3 billion square feet by 2050, a 33% increase from 2020.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Contract Cleaning Services Market Covid-19 Impact
6. Global Contract Cleaning Services Market Revenue, 2019-2027f
7. Market Insights By Service Type
8. Market Insights By End-use
9. Market Insights By Region
10. Contract Cleaning Services Dynamics
11. Contract Cleaning Services Market Opportunities
12. Contract Cleaning Services Market Trends
13. Legal & Regulatory Framework
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global Contract Cleaning Services market were the three major steps undertaken to create and analyze the adoption of Contract Cleaning Services in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Contract Cleaning Services market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Contract Cleaning Services market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Contract Cleaning Services market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as service and end-use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Contract Cleaning Services market. Further, we conducted factor analysis using dependent and independent variables such as surging awareness about hygiene, rising disposable income, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Contract Cleaning Services market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Contract Cleaning Services market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Contract Cleaning Services market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of service type and end-use in the global Contract Cleaning Services market.
The main objective of the Global Contract Cleaning Services Market Study
The current & future market trends of the global Contract Cleaning Services market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Deep dive regional level analysis of the industry
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November 7, 2024
