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.
Get Free Sample PDF Of This 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.
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.
Procure Complete Report: https://www.alliedmarketresearch.com/checkout-final/c18c0ff90240d4bc22fb9159cc23a8e4
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.
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.
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
Procure Complete Report: https://www.alliedmarketresearch.com/checkout-final/c0e906a0fd955aba9352e1c30cacf6b8
Reasons to buy:
• Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
• Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
• Classify potential new clients or partners in the target demographic.
• Develop tactical initiatives by understanding the focus areas of leading companies.
• Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
• Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
• Report will be updated with the latest data and delivered to you within 2-4 working days of order.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
• Create regional and country strategies on the basis of local data and analysis.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
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
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Website: www.alliedmarketresearch.com