New York, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Home Cleaning Services Industry" - https://www.reportlinker.com/p06219617/?utm_source=GNW
Such a high growth in demand is increasing the number of professional residential cleaners in the marketplace. Being a pressing health concern, allergies remain one the primary drivers behind rising demand for home cleaning services. The factor is also playing an important role in increasing the uptake of natural, green cleaning solutions on the expense of traditional products that are based on chemicals known to aggravate allergies. In the recent years, a large number of companies offering home cleaning services have started embracing green cleaning solutions to help people with allergies. The industry`s growth is also augmented by notable expansion of the healthcare sector and the rising geriatric population. Seniors who need assistance with daily routine and healthcare needs are unable to clean their homes. These elderly people often rely on providers of cleaning services for their homes. The phenomenal growth exhibited by the home cleaning services industry can also be credited to continuous expansion of the commercial real-estate sector. The need for consistent care and cleaning for commercial properties is presenting massive business opportunities for cleaning service providers.
Amid the COVID-19 crisis, the global market for Home Cleaning Services estimated at US$5.6 Billion in the year 2020, is projected to reach a revised size of US$10 Billion by 2026, growing at a CAGR of 9.6% over the analysis period. The pandemic has made sanitation more important than ever, exponentially accelerating the demand for residential cleaning services. In addition to fueling introduction of advanced products and specialized services, the scenario is prompting companies to focus on diversification and sustainable options. Though there could be considerable headwinds of healthcare and economic crises in the short-term, the long-term growth prospects of the residential cleaning services industry seem bright.
The U.S. Market is Estimated at $1.5 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Home Cleaning Services market in the U.S. is estimated at US$1.5 Billion in the year 2021. The country currently accounts for a 22.3% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.4 Billion in the year 2026 trailing a CAGR of 13% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR while Rest of European market (as defined in the study) will reach US$1.5 Billion by the end of the analysis period. The US has witnessed increasing participation of women in the workforce over the past few decades. While the trend has resulted in higher income levels, majority of these families find little time for housecleaning, enabling residential housecleaning to register a fast growth rate. In the developing Asia-Pacific markets, the increasing affluence of the ballooning middle class population is a key growth driver.
Select Competitors (Total 158 Featured)
- Chem-Dry
- Clean First Time
- Duraclean International, Inc.
- Mothers House Cleaning
- Steamatic Inc.
- The ServiceMaster Company, LLC
Read the full report: https://www.reportlinker.com/p06219617/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Home Cleaning Services: A Prelude
Home Cleaning Services: A Prelude
Cleaning Services Evolve as a Highly Lucrative Business Amid
COVID-19
Low Capital Investments Make Home Cleaning Services an
Attractive Business Opportunity
Changing Business Model of Home Cleaning Business
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Pandemic Accelerates Digital Transformation of Home Cleaning
Business
EXHIBIT 2: Benefits of Adopting Digital Transformation
Automation Gains Momentum in the Home Cleaning Sector
Persistent Hygiene Threats and Risks at Homes Raise the
Importance of Cleaning Services
EXHIBIT 3: 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
EXHIBIT 4: High Human-to-Human Transmissibility of Infectious
Diseases and Need to Protect Individuals Augurs Well for the
Market: RO Values of Well Known Infectious Diseases
Deep Cleaning Services Gain Demand
Increasing Adoption of Green Cleaning Products: A Notable Trend
Spurring Market Growth
Cleaning Service Providers Move to Online Platform
EXHIBIT 5: Most Preferred Options to Book Appointments for
Cleaning Services by Customers: 2020
Key Trends Outlining the Cleaning Products Market
Rise in Number of Working Women Spells Opportunities
EXHIBIT 6: Female Labor Force as a Percentage of Total Labor
Force (1990, 2000, 2010, and 2019) for Major Countries
Worldwide
Millennials: A Key Demographic for Cleaning Services
EXHIBIT 7: Global Population Spread by Age Group, 20-65 (in %):
2020, 2025, and 2030
EXHIBIT 8: Global Millennials Population by Region (2020):
Percentage Breakdown of Number of Millennials for North
America, Europe, China & Japan, Latin America and Rest of
World
Growth in Single Person Households Augurs Well for Market Growth
EXHIBIT 9: Percentage Single Person Households in the US: 2020
EXHIBIT 10: Number of single-person households in the United
States from 1990 to 2020 (in Millions)
EXHIBIT 11: Single Person Households as Percentage of Total
Population in Select Countries: 2010, 2019, 2040
EXHIBIT 12: Consumer Expenditure by Single Person Households
across Select Countries: 2019
Uptake on Rise as Home Cleaning Services Become More Affordable
Rise in Disposable Incomes Drive Spending on Cleaning Services
EXHIBIT 13: Global Middle Class Population (in Millions) and as
a Percentage of Total Population: 2005, 2015, 2025 & 2035
EXHIBIT 14: Global Middle Class Spending (in US$ Trillion) by
Geographic Region
Industry Witnesses Rise in Demand for Specialty Cleaning Services
The WFH Trend Fuels Demand for Home Cleaning Services
EXHIBIT 15: WFM Employees as a % of the Total Workforce
Demand for Personalized Services on Rise for Older Adults
EXHIBIT 16: Frequency of Cleaning Homes: Millennials Vs Boomers
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Home Cleaning
Services by Geographic Region - USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets - Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Home Cleaning Services by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2016 through 2019 and % CAGR
Table 3: World 11-Year Perspective for Home Cleaning Services
by Geographic Region - Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets for Years 2016, 2021 &
2027
III. MARKET ANALYSIS
UNITED STATES
Market Overview
EXHIBIT 17: Average Time (in minutes per day) Spent by
Americans in Household Activities
COVID-19 Offers Significant Growth Opportunities to US Cleaning
Service Businesses
An Insight into Pricing Trends
Price Range for Home Cleaning Services by Home Size in the US
Home Cleaning Cost per Square Foot in the US
How COVID-19 Pandemic Has Transformed US Residential Cleaning
Business
Rise in Demand for Environmentally Friendly Cleaning Products
Market Analytics
Table 4: USA Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 5: USA Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
CANADA
Table 6: Canada Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 7: Canada Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
JAPAN
Market Overview
Market Analytics
Table 8: Japan Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 9: Japan Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
CHINA
Market Overview
Market Analytics
Table 10: China Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 11: China Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
EUROPE
Market Overview
Market Analytics
Table 12: Europe Current & Future Analysis for Home Cleaning
Services by Geographic Region - France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR
Table 13: Europe Historic Review for Home Cleaning Services by
Geographic Region - France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets - Independent Analysis of Annual
Revenues in US$ Million for Years 2016 through 2019 and % CAGR
Table 14: Europe 11-Year Perspective for Home Cleaning Services
by Geographic Region - Percentage Breakdown of Value Revenues
for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2016, 2021 & 2027
FRANCE
Table 15: France Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 16: France Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
GERMANY
Table 17: Germany Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 18: Germany Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
ITALY
Table 19: Italy Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 20: Italy Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
UNITED KINGDOM
Market Overview
Market Analytics
Table 21: UK Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 22: UK Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
SPAIN
Table 23: Spain Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 24: Spain Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
RUSSIA
Table 25: Russia Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 26: Russia Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
REST OF EUROPE
Table 27: Rest of Europe Current & Future Analysis for Home
Cleaning Services by Segment - Home Cleaning Services -
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 28: Rest of Europe Historic Review for Home Cleaning
Services by Segment - Home Cleaning Services Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2016 through 2019 and % CAGR
ASIA-PACIFIC
Table 29: Asia-Pacific Current & Future Analysis for Home
Cleaning Services by Geographic Region - Australia, India,
South Korea and Rest of Asia-Pacific Markets - Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 30: Asia-Pacific Historic Review for Home Cleaning
Services by Geographic Region - Australia, India, South Korea
and Rest of Asia-Pacific Markets - Independent Analysis of
Annual Revenues in US$ Million for Years 2016 through 2019 and
% CAGR
Table 31: Asia-Pacific 11-Year Perspective for Home Cleaning
Services by Geographic Region - Percentage Breakdown of Value
Revenues for Australia, India, South Korea and Rest of
Asia-Pacific Markets for Years 2016, 2021 & 2027
AUSTRALIA
Table 32: Australia Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 33: Australia Historic Review for Home Cleaning Services
by Segment - Home Cleaning Services Markets - Independent
Analysis of Annual Revenues in US$ Million for Years 2016
through 2019 and % CAGR
INDIA
Market Overview
Demand for Professional Cleaning Services Surges in India Amid
COVID-19 Pandemic
Typical Spike in Cleaning Services During Festive Seasons
Residential Cleaning Service Market Trends
Competition
Can Urban Company Preserve its Enviable Position in Rapidly
Growing Home Cleaning Services Market in India?
EXHIBIT 18: Urban Company Revenues FY 2019 Vs FY2020
Potential Competitors for Urban Company
Urban Company vis-à-vis Select Competitors
Bengaluru-Based Start-up Offers Anti-Microbial Coating for
Prolonged Surface Disinfection
Key Players
Market Analytics
Table 34: India Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 35: India Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
SOUTH KOREA
Market Overview
Market Analytics
Table 36: South Korea Current & Future Analysis for Home
Cleaning Services by Segment - Home Cleaning Services -
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 37: South Korea Historic Review for Home Cleaning
Services by Segment - Home Cleaning Services Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2016 through 2019 and % CAGR
REST OF ASIA-PACIFIC
Singapore
Market Analytics
Table 38: Rest of Asia-Pacific Current & Future Analysis for
Home Cleaning Services by Segment - Home Cleaning Services -
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 39: Rest of Asia-Pacific Historic Review for Home
Cleaning Services by Segment - Home Cleaning Services Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2016 through 2019 and % CAGR
LATIN AMERICA
Table 40: Latin America Current & Future Analysis for Home
Cleaning Services by Geographic Region - Argentina, Brazil,
Mexico and Rest of Latin America Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR
Table 41: Latin America Historic Review for Home Cleaning
Services by Geographic Region - Argentina, Brazil, Mexico and
Rest of Latin America Markets - Independent Analysis of Annual
Revenues in US$ Million for Years 2016 through 2019 and % CAGR
Table 42: Latin America 11-Year Perspective for Home Cleaning
Services by Geographic Region - Percentage Breakdown of Value
Revenues for Argentina, Brazil, Mexico and Rest of Latin
America Markets for Years 2016, 2021 & 2027
ARGENTINA
Table 43: Argentina Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 44: Argentina Historic Review for Home Cleaning Services
by Segment - Home Cleaning Services Markets - Independent
Analysis of Annual Revenues in US$ Million for Years 2016
through 2019 and % CAGR
BRAZIL
Table 45: Brazil Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 46: Brazil Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
MEXICO
Table 47: Mexico Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 48: Mexico Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
REST OF LATIN AMERICA
Table 49: Rest of Latin America Current & Future Analysis for
Home Cleaning Services by Segment - Home Cleaning Services -
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 50: Rest of Latin America Historic Review for Home
Cleaning Services by Segment - Home Cleaning Services Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2016 through 2019 and % CAGR
MIDDLE EAST
Table 51: Middle East Current & Future Analysis for Home
Cleaning Services by Geographic Region - Iran, Israel, Saudi
Arabia, UAE and Rest of Middle East Markets - Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR
Table 52: Middle East Historic Review for Home Cleaning
Services by Geographic Region - Iran, Israel, Saudi Arabia, UAE
and Rest of Middle East Markets - Independent Analysis of
Annual Revenues in US$ Million for Years 2016 through 2019 and
% CAGR
Table 53: Middle East 11-Year Perspective for Home Cleaning
Services by Geographic Region - Percentage Breakdown of Value
Revenues for Iran, Israel, Saudi Arabia, UAE and Rest of Middle
East Markets for Years 2016, 2021 & 2027
IRAN
Table 54: Iran Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 55: Iran Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
ISRAEL
Table 56: Israel Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 57: Israel Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
SAUDI ARABIA
Table 58: Saudi Arabia Current & Future Analysis for Home
Cleaning Services by Segment - Home Cleaning Services -
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 59: Saudi Arabia Historic Review for Home Cleaning
Services by Segment - Home Cleaning Services Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2016 through 2019 and % CAGR
UNITED ARAB EMIRATES
Table 60: UAE Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 61: UAE Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
REST OF MIDDLE EAST
Table 62: Rest of Middle East Current & Future Analysis for
Home Cleaning Services by Segment - Home Cleaning Services -
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR
Table 63: Rest of Middle East Historic Review for Home Cleaning
Services by Segment - Home Cleaning Services Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2016 through 2019 and % CAGR
AFRICA
Table 64: Africa Current & Future Analysis for Home Cleaning
Services by Segment - Home Cleaning Services - Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR
Table 65: Africa Historic Review for Home Cleaning Services by
Segment - Home Cleaning Services Markets - Independent Analysis
of Annual Revenues in US$ Million for Years 2016 through 2019
and % CAGR
IV. COMPETITION
Total Companies Profiled: 158
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