The global cleaning services market size was valued at USD 398.67 billion in 2023. The industry is expected to expand to USD 633.18 billion by 2030, exhibiting a CAGR of 6.83% over the study period.
Commercial and residential spaces can be sanitized and cleaned using cleaning services, which helps minimize the risk of illness and infection and encourages a healthy work environment. The market expansion can be credited to the surging trend of social media marketing among cleaning service companies.
Fortune Business Insights™ provides this information in its research report, titled “Cleaning Services Market, 2024-2030”.
Top Companies Covered in the Cleaning Services Market
- ABM Industries Inc. (U.S.)
- The ServiceMaster Company, LLC (U.S.)
- CleanNet USA, Inc. (U.S.)
- Anago Cleaning Systems (U.S.)
- Jani-King International, Inc. (U.S.)
- Deep Cleaners (India)
- Pritchard Industries (U.S.)
- TemcoUK Facility Services Limited (U.K.)
- Stanley Steemer International, Inc. (U.S.)
- Duraclean Corporation (U.S.)
Information Source: https://www.fortunebusinessinsights.com/cleaning-services-market-107295
Segmentation:
Surge in Regular Floor Care & Vacuuming to Propel the Segment Growth
On the basis of type, the market is classified into floor care & vacuuming, window cleaning, and others. The floor care & vacuuming segment depicts the largest share due to a growth in regular floor care & vacuuming coupled with consistent cleaning of carpet upholstery in residential and commercial spaces such as retail outlets, industries, factories, and others.
Presence of Large Working Areas in Commercial Spaces to Augment the Segment Expansion
By end user, the market is categorized into residential and commercial. The commercial segment is poised to secure the largest share during the forecast period. Commercial spaces have large working areas, which need professional cleaning services for the maintenance of a hygienic and safe environment. This factor is bolstering the commercial segment expansion.
Regionally, the market is segmented into North America, the Middle East & Africa, Europe, the Asia Pacific, and South America.
Report Coverage
The strategic initiatives deployed by prominent companies to capture the largest cleaning services market share have been mentioned in the report. Joint ventures, capacity expansions, product innovations, and mergers and acquisitions are some of the strategies opted by these companies. In addition, it highlights the key industry developments, restraining factors, key segments, and the impact of the COVID-19 pandemic on the market growth. Stakeholders can deploy this information to make well-informed business decisions and gain a competitive edge in the market.
Drivers and Restraints:
Increasing Commercial and Residential Building Construction to Propel the Market Growth
The cleaning services market growth can be ascribed to the surging construction of residential and commercial buildings. New building construction can be attributed to the surging population, consumer expenditure in commercial and residential sectors, and rising disposable income.
Despite an expanding scope for the adoption of the solution, the scarcity of skilled labor may hamper the cleaning services market growth.
Regional Insights:
North America Has the Largest Share Owing to Surging Utilization of Green Commercial Cleaning Products
North America cleaning services market secures the largest share. The increase in the usage of green commercial cleaning products in commercial spaces is anticipated to bolster the regional expansion.
The Asia Pacific market for cleaning services is poised to witness the highest CAGR during the forecast period. The growing urban population, coupled with an increase in residential and commercial building construction, is fostering the regional expansion.
Competitive Landscape:
Key Companies Emphasize Launching New Franchises to Bolster Their Revenue
The market depicts high competitiveness and partnerships, business expansions, and technological advancements have been emphasized by leading companies such as the ServiceMaster Company, LLC, CleanNet USA, Inc., ABM Industries Inc., and others to secure a strong foothold. The market is also witnessing the adoption of mergers and acquisitions, joint ventures, and product innovation strategies by leading companies to broaden their footprint. Moreover, several companies are also focusing on coming up with new franchises to accelerate their revenue.
Key Industry Development:
June 2022: Anago Cleaning System announced the launch of its new master franchise in Omaha, Nebraska. This move is poised to help the company broaden its customer reach while boosting its revenue.