Cleaning Services Market CAGR value 6.5%, USD 111,498 Million | ABM Industries Inc., Analog Cleaning Systems, Aramark Corporation

According to a new report published by Allied Market Research, titled, “Cleaning Services Market by Type, End-User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global cleaning services market size was valued at $55,715.0 million in 2020, and is projected to reach $111,498.8 million by 2030, registering a CAGR of 6.5% from 2021 to 2030. The floor care segment was the highest contributor to the market, with $12,293.8 million in 2020, and is estimated to reach $22,820.2 million by 2030, at a CAGR of 5.7% during the forecast period. Cleaning services encompass a wide range of services such as window washing, floor cleaning, vacuuming, furniture cleaning, carpet cleaning, air duct cleaning, water damage restoration, and other similar services. These services are used by both commercial and residential customers.

Key Players:

The cleaning services market is for the most part an organized market which is dominated by few players. The key players in the cleaning services industry relies on strategies such as product launch and acquisition to stay relevant in the global cleaning services market share. The key players profiled in the report are ABM Industries Inc., Analog Cleaning Systems, Aramark Corporation, Chem-Dry, Cleannet, Jani-King International, Inc., Pritchard Industries Inc, Sodexo, Coit Cleaning And Restoration Services, And The Servicemaster Company, Llc.

Get Free Sample Report: https://www.alliedmarketresearch.com/request-sample/1913 

The growth of cleaning services market can be attributed to growing acceptance of these services as a result of the economic upturn, increasing discretionary income, and the rise in dual-income households, supporting market expansion. Furthermore, expansion in the commercial sector and real estate investment are expected to fuel demand for various cleaning services. However, high competition, particularly in industrialized countries, is one of the key reasons limiting market growth. On the contrary, rapid urbanization has had a favorable impact on the cleaning services business, albeit having a detrimental impact on the environment due to infrastructure strain. Many governmental garbage management operations, such as mobile applications for smart cities, are influencing the cleaning services market. The market for cleaning services is likely to continue to develop as public awareness of the benefits of a green and healthy environment grows, thereby creating opportunities for the global cleaning services market growth

Based cleaning services market analysis by type, the floor care segment was the dominant segment in 2020 and is expected to remain dominant throughout the forecast period. The growth in this segment can be attributed to the rising demand for high-end cleaning products. Furthermore, growing demand of cleanliness in office and home premise drives the market growth for the segment. However, the carpet and upholstery segment is expected to garner the highest growth rate throughout the forecast period. The growth in this segment of the cleaning services market can be attributed to growth in the sales of home décor items such as rugs, carpets, furniture and more among others.

Get Full Access to the Pages Report: https://www.alliedmarketresearch.com/cleaning-services-market

Based on cleaning services market forecast by end-use, the commercial segment accounted for majority of the share in 2020 and is expected to continue the trend throughout the forecast period. The growth of this segment can be attributed to rise in the number of commercial premises such as offices, hospitals, clubs and more among others. However, the residential segment is expected to grow at the fastest growth rate throughout the forecast period owing to increasing in working hours coupled with growing trend of cleanliness among house owners.

By region, North America region remained the dominant market in 2020 and is expected to grow at a notable growth rate through the forecast period. U.S. was the dominant country in terms of revenue share in 2020 and is expected to continue the trend throughout the forecast period. Asia-Pacific is expected to grow at the fastest CAGR of 7.4% throughout the forecast. The growth of this region in the cleaning services market can be attributed to the improvement in business infrastructure and rapid increase in economic growth over the last decade.

Key findings of the study

  • On the basis of type, the carpet and upholstery segment is projected to witness the highest CAGR of 7.8%, in revenue terms, during the forecast period.
  • On the basis of end user, the commercial segment is expected to dominate the market from 2021 to 2030.
  • The residential segment is expected to grow at a significant CAGR during the forecast period.
  • U.S. was the largest country, in terms of revenue generation for cleaning services in 2020.
  • Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 7.4% from 2021 to 2030

Buy Now: https://www.alliedmarketresearch.com/checkout-final/10c5ca9984657b8729ed940303a8158c 

Related Report:

Commercial Refrigeration Equipment Market

Cruise Market

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com 
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research 

About us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

Leave a comment

Your email address will not be published. Required fields are marked *