Global Contract Cleaning Services Market to Reach $329.4 Billion by 2026

SAN FRANCISCO, June 3, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Contract Cleaning Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 16; Released: January 2021
Executive Engagements: 813
Companies: 79 - Players covered include ABM Industries Inc.; Anago Cleaning Systems; Aramark Corporation; ATALIAN Global Services, Inc.; Atlas FM Services Ltd; BONUS Building Care; ChemDry; Clean First Time; Cleaning Services Group, Inc.; CleanNet USA, Inc.; Compass Group Plc; Duraclean International Inc.; Extra Clean Inc; Harvard Maintenance Inc.; ISS A/S; Jani-King International, Inc.; Jan-Pro Systems International; Mitie Group plc; Mothers Cleaning Co-Op; Pritchard Industries Inc.; Red Coats, Inc.; Sodexo; Stanley Steemer International, Inc.; Steamatic Inc.; Stratus Building Solutions; The JPM Group of Companies Ltd.; The Terminix International Company Limited; Vanguard Cleaning Systems, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Service Type (Floor & Carpet Cleaning, Window Cleaning, Upholstery Cleaning, Construction Cleaning, Other Service Types); End-Use (Commercial, Industrial, Residential)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Contract Cleaning Services Market to Reach $329.4 Billion by 2026
Cleaning services industry involves cleaning services for offices, residences, industries, hospitals, institutions, transport hubs, commercial places, food outlets, and other areas. These services include interior cleaning of factories, offices, retail outlets and other establishments; industrial equipment cleaning; window cleaning; and disinfecting & extermination services among others. The contract cleaning industry is labor intensive, where wages constitute the main cost component for service providers. Duration of cleaning contracts may vary from one year to several years. Cleaning services undertaken by companies for their customers vary with the nature of service to be provided and the type of object to be cleaned. Amid the COVID-19 crisis, the global market for Contract Cleaning Services estimated at US$251.3 Billion in the year 2020, is projected to reach a revised size of US$329.4 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Floor & Carpet Cleaning, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$110.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Window Cleaning segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $75.8 Billion in 2021, While China is Forecast to Reach $66.5 Billion by 2026
The Contract Cleaning Services market in the U.S. is estimated at US$75.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$66.5 Billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Increasing awareness among clients about the benefits of sustainability of their facilities and wellness of their employees is leading to increased demand for contract cleaning services. Businesses worldwide are increasing their focus on making work environments healthier for their employees because a healthy workplace holds significant potential to enhance productivity. Outsourcing of such space cleaning services also frees a lot of time for organizations, which they can use for strengthening their core business. The two main benefits with outsourcing cleaning services to providers of dedicated services are ease-of-management and cost effectiveness

One of the notable trends in the market is the increased adoption of cleaning products that are sustainably produced. Green cleaning products are free of the conventional harmful chemicals, hormone disruptors, allergens, carcinogens and other substances that are harmful to the environment. Several vendors are currently offering green cleaning services using green products derived from biodegradable, non-toxic and natural materials. Natural products like baking soda, vinegar, lemons and others are being increasingly used. Such green products are likely to shape portfolios of service providers over the coming years.

Upholstery Cleaning Segment to Reach $59.9 Billion by 2026
In the global Upholstery Cleaning segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$34.6 Billion in the year 2020 will reach a projected size of US$49.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.6 Billion by the year 2026, while Latin America will expand at a 6.2% CAGR through the analysis period. More

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Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: [email protected] 

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