The industrial cleaning services market share will post an incremental growth of USD 5.00 billion, progressing at a CAGR of 5.49% during the forecast period. The rising awareness about workplace wellness and sustainability will offer immense growth opportunities to market vendors. The industrial cleaning services market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Industrial Cleaning Services Market by Application and Geography - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The industrial cleaning services market is segmented by the following:
The growth of the industrial cleaning services market in the equipment cleaning segment will be significant during the forecast period. By geographical segmentation, factors such as the growth of the end-user segments, including hospitality, retail, and education, will increase the industrial cleaning services market growth in APAC. 43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the industrial cleaning services market in APAC.
The rising awareness about workplace wellness and sustainability will directly influence the sales of industrial cleaning services. In addition, cleaning robots is one of the major industrial cleaning services market trends that will positively impact the market growth. However, unregulated services will hamper the industrial cleaning services market growth.
The market is fragmented due to the presence of several players. Some of the major industrial cleaning services market vendors are ABM Industries Inc., Anago Cleaning Systems Inc., AVEX Building Solutions, Clean Co Systems, Cleaning Services Group Inc., Coverall North America Inc., Ecoserv Group, EnviroVac, GDI Integrated Facility Services, Imperial Cleaning, Jan Pro Franchising Inc., Jani King International Inc., K2 Industrial Services Inc., Leadec Holding BV and Co. KG, MacLellan Integrated Services Inc., OCS Group Ltd., OpenWorks, Pritchard Industries Inc., The ServiceMaster Co. LLC, and Vanguard Cleaning Systems Inc.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the industrial cleaning services market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the industrial cleaning services market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the industrial cleaning services market.
Industrial cleaning services industry growth across APAC, North America, Europe, South America, and Middle East and Africa.
