The contract cleaning services market share is set to grow by USD 151.27 billion, and the market will be progressing at a CAGR of 6.85% during the forecast period. Technavio's research report identifies and analyses the growth drivers that will boost the market growth. It also provides a thorough understanding of all the segments, trends, and challenges that are likely to have an impact on the future prospects of the market in focus.
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The increase in the number of residential buildings is one of the key drivers that increases the contract cleaning services market growth. In addition, the adoption of green cleaning products is the major contract cleaning services market trend that is expected to have a positive impact in the coming years. However, the low penetration rate in developing economies may impede the market growth.
The detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period.
The contract cleaning services market is segmented by End-user (Commercial, Industrial, and Residential) and Geography (North America, Europe, APAC, South America, and MEA).
Based on the end-user segmentation, the contract cleaning services market value in the commercial segment will be significant during the forecast period. By geography, factors such as the unprecedented rise in construction activities, the surge in the number of dual-income households, and the proliferation of advanced cleaning services offered by vendors will drive the contract cleaning services market in North America. 34% of the market's growth will originate from North America during the forecast period. The US is the key market for contract cleaning services in North America.
The contract cleaning services market is fragmented and market growth depends on market conditions, government support, and industry development. ABM Industries Inc., AIS Contract Cleaners Ltd., Anago Cleaning Systems Inc., Atlas Facilities Management Ltd., BELFOR Holdings Inc., BONUS Building Care, Cleaning Services Group Inc., Crest Licensing Systems Ltd., Eco Group, Ecoserv Group, Extra Clean Inc., Harvard Service Group, ISS AS, Jani King International Inc., Nugent Contract Cleaning, OCS Group Ltd., Pritchard Industries Inc., Roark Capital Management LLC, Sodexo SA, and Stratus Building Solutions are some of the major contract cleaning services market vendors.
The contract cleaning services market report offers a detailed study of all the factors that can influence growth. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report