Dublin, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The "Contract Cleaning Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Contract Cleaning Services Market to Reach $409.6 Billion by 2030
The global market for Contract Cleaning Services estimated at US$268.9 Billion in the year 2022, is projected to reach a revised size of US$409.6 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.
The global commercial cleaning services industry has experienced both opportunities and challenges due to the pandemic. While the weak global economic environment and negative GDP forecasts have discouraged market growth, the state of the construction sector plays a significant role in the demand for contract cleaning services.
Floor & Carpet Cleaning, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$132.1 Billion by the end of the analysis period. Growth in the Window Cleaning segment is estimated at 5.5% CAGR for the next 8-year period.
Contract cleaning services encompass various areas, including office, institutional, residential, commercial, and industrial cleaning. Floor and carpet cleaning stand out as the largest category within this industry. Developed regions currently lead the market, but developing economies are expected to drive future growth.
Competition is active, with key competitors vying for market share in 2022, and the market presence is categorized as strong, active, niche, or trivial for players worldwide. Recent market activity reflects the industry's dynamics and evolving landscape.
The U.S. Market is Estimated at $78 Billion, While China is Forecast to Grow at 6.8% CAGR
The Contract Cleaning Services market in the U.S. is estimated at US$78 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$87.2 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 413 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $268.9 Billion |
| Forecasted Market Value (USD) by 2030 | $409.6 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Rising Awareness about Workplace Hygiene, Wellness & Sustainability to Propel Demand for Contract Cleaning Services
- Persistent Hygiene Threats and Risks at Workplaces Raise Importance of Cleaning Services
- Growing Frequency & Severity of Newly Emerging & Re-Emerging Infections Brings to Light the Importance of Cleaning Services: Fatality Rate of Major Virus Outbreaks Over the Last 50 Years
- High Human-to-Human Transmissibility of Infectious Diseases and Need to Protect Employees at Workplace Augurs Well for the Market: RO Values of Well Known Infectious Diseases
- Growing Adoption of Green Cleaning Products: A Notable Trend Spurring Market Growth
- Commercial Contract Cleaning Services: Growth Trends in Commercial Construction to Influence Market Growth
- Commercial Construction Starts in the US: % Change in Construction Value for the Period 2015-2020E
- New Private Office Construction in the US: Value Put into Place (in US$ Million) for 2010-2019
- Automation and Smart Applications Revolutionize the Commercial Cleaning Industry
- Industrial Facilities Demand Specialized and Reliable Contract Cleaning Services
- Global Industrial Cleaning Services Market: Percentage Breakdown of Revenues by Segment for 2020E
- COVID-19 Pandemic's Impact on Industrial Activity to Impact Segment Growth
- Global PMI Index Points for the Years 2018, 2019 & 2020
- Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
- Residential Construction Market to Present Long-term Growth Opportunities
- Novel Cleaning Approaches and Advanced Technologies & Tools to Transform Cleaning Industry Operations
- Data-driven Solutions & Software Tools to Boost Cleaning Business's Productivity
- Tools for Time and Team Management
- Tools for Customer Relationship Management
- Green Cleaning & Efficient Waste Management
- Embrace Marketing through Social Media
- Making Services More Customer-Friendly
- Enhancing Professionalism and Investing in Training Employees
- Artificial Intelligence to Boost Efficiencies and Capabilities of Cleaning Service Companies
- Notable Innovations in Cleaning Industry to Boost Market Prospects
- Robots Emerge as an Important Technology for Cleaning Businesses
- Robots for Floor Cleaning
- Robots for Duct Cleaning
- Robots for Window Cleaning
- Robots for Special Purposes
- Key Challenges Facing Contract Cleaning Services Market
FOCUS ON SELECT PLAYERS(Total 79 Featured)
- Ecolab, Inc.
- Compass Group PLC
- Aramark Corporation
- ABM Industries, Inc.
- Mitie Group PLC
- Atalian Global Services
- Jani-King International, Inc.
- Cushman & Wakefield
- JPM Group
- Healthcare Services Group, Inc.
- ABM UK
- Assertio Office Cleaning Company London
- Anago
- Belfort Group
- Compass Group, UK & Ireland Limited
For more information about this report visit https://www.researchandmarkets.com/r/wr7p9d
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