Contract Cleaning Services Market: Current Analysis and Forecast (2021-2027)

Contract Cleaning Services Market: Current Analysis and Forecast (2021-2027)

The global Contract Cleaning Services market is uplifting on account of the rising awareness about hygiene among end-users, emerging hospitality, and the healthcare sector globally. Moreover, Organizations are increasingly focusing on creating a healthier work environment for employees to enhance their productivity. The adoption of Contract Cleaning Services helps the organizations to adopt a holistic approach to keep their offices cleaner, healthier, and greener. Many companies are increasingly outsourcing their cleaning services as it offers various advantages like ease of management and cost-effectiveness.

As offices, stores, and other commercial enterprises are increasing, the cost of in-house cleaning services places a rising burden on operating overheads. For instance, according to the US Census Bureau, the value of US commercial construction in 2018 was USD 89.52 billion. Thus, outsourcing essential cleaning functions offers an effective way to enjoy a cleaner workspace and free up resources for core business operations. Therefore, the market for Contract Cleaning Services is expected to witness a significant CAGR of 5% during the forecast period.

The Global Contract Cleaning Services market is expected to register a CAGR of around 6% over the period of 2021-2027. This is mainly due to the rising number of commercial and industrial buildings across the globe. As per Commercial Buildings Energy Consumption Survey (CBECS), as of 2018 5.9 million U.S. commercial buildings contain a total of 97 billion square feet. The number of commercial buildings increased by 6%, and commercial square footage increased by 11% since the CBECS was last conducted in 2012. Moreover. commercial building floor space is expected to reach 124.3 billion square feet by 2050, a 33% increase from 2020.

Moreover, the regions such as North America and Europe are characterized by the presence of many service providers, especially in the countries such as the United States and the United Kingdom. For instance, Wegmans, a grocery store chain in the US, adopted cleaning services from Cleaning Services Group Inc. for all its store locations in the country. The cleaning services help the company in keeping its construction sites clean as they erect 4-5 new stores per year. This also helps the company to maintain an environment free from dust and oil spills from construction equipment, thus, improving the safety of the worksite.

ABM Industries Incorporated, Jani-King International Inc., ISS Facility Services, Inc., Sodexo Group, Mitie Group plc., Pritchard Industries Inc., Vanguard Cleaning Systems Inc., Stanley Steemer International Inc., Cleaning Services Group, Inc., The ServiceMaster Company, LLC, are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Amongst service type, floor & carpet cleaning category accounted for the majority share in the market in 2020”

Based on the service type, the market is fragmented into Window Cleaning, Floor & Carpet Cleaning, Upholstery Cleaning, Construction Cleaning, and Others. The floor and carpet cleaning segment grabbed the dominating market share in 2020. The emerging number of residential and commercial properties across the globe is resulting in the growing market
"Amongst end-use, residential segment is expected to witness highest CAGR during the forecast period”

Based on the end-use, the market is fragmented into residential, commercial, and industrial. The commercial segment grabbed the major market share in 2020 and dominated the market. The emerging number of malls, shopping complexes, healthcare facilities, educational institutes, etc., is contributing to the market growth
"North America to witness significant growth during the forecast period”

North America is expected to show the highest CAGR growth in the Contract Cleaning Services market. A rising number of commercial and industrial buildings in North America is one of the prominent reasons driving the demand for Contract Cleaning Services. As per Commercial Buildings Energy Consumption Survey (CBECS), as of 2018 5.9 million U.S. commercial buildings contain a total of 97 billion square feet. The number of commercial buildings increased by 6%, and commercial square footage increased by 11% since the CBECS was last conducted in 2012. Moreover. commercial building floor space is expected to reach 124.3 billion square feet by 2050, a 33% increase from 2020.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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