Cleaning Services Market
Cleaning Services Market is projected to expand at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Cleaning Services Market includes growing awareness about workplace hygiene, increasing demand for cleaning services in retail sectors, public institutions, and hospitals. In addition, the rapid urbanization, hectic lifestyles, and growing awareness about the home-cleaning services through social media platforms, have increased the Cleaning Services Market size. The India-based startup Urban Company became the 13TH Unicorn in India during FY 2021, currently standing at a valuation of $2.8 billion, it provides full home cleaning, sofa & carpet cleaning, and Kitchen cleaning services. Moreover, the rapid commercialization, supported by growing number of construction activities along with increasing disposable income and rising health concerns, have augment the growth of Cleaning Services Market.
The prominent players operating in the market are Ecocleen Services Ltd., Pritchard Industries Inc., ABM Industries Inc., CleanNet USA Inc., Aramark Corporation, Sodexo Inc., Jani-King International Inc., Stanley Steemer International Inc., CleanNet USA Inc., Anago Cleaning Systems Inc. among others.
Type: Segment Analysis
Based on the type, commercial cleaning services segment is projected to expand at a faster CAGR over the forecast period due to growing number of health diseases at workplace, are pushing the demand for clean and safe working environment. As per Cleaning Services Market Analysis, the increasing number of customized packages offered by several Cleaning Services Companies, are further boosting the market growth.
On the other hand, the vacuuming care segment is expected to dominate the market over the forecast period due to high demand for cleaning services in commercial and residential.
Region: Segment Analysis
Based on region, North America is projected to grow at a higher CAGR during the forecast period due to rise in the number of commercial activities, changing lifestyles and increasing customized home cleaning options, provided by vendors.
Asia-Pacific region is expected to dominate the market during the forecast period due to growing options of pocket-friendly cleaning services along with rapid growth in economic activities in the region. As per the report published by the Central Bank of Malaysia, the Malaysian economy recorded a positive growth of 3.6% in the fourth quarter of 2021, which will contribute to growth of Cleaning Service Market in the region.
Market Segmentation
Global Cleaning Services Market by Type
· Commercial cleaning services
· Window Cleaning
· Vacuuming
· Floor Care
· Other Services (Including Kit Cleaning and Dusting)
· Residential cleaning services
· Maid Services
· Carpet & Upholstery
· Other Services (Including Polishing and Other Services)
· Others
Global Cleaning Services Market by Region
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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