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.
Cleaning services are the most crucial aspect of the commercial and residential sectors as they focus on the removal of dirt, infectious agents, impurities, and other unwanted materials in office buildings, factories, homes, industries, retail stores, hospitals, and others. The market growth can be attributed to the technological innovations. Moreover, cleaning services have become smoother and easier due to the arrival of technologically advanced scrubber dryers, floor cleaners, hands-free vacuum cleaners, and others.
Fortune Business Insights™ provides this information in its research report, titled “Cleaning Services Market, 2024-2030”.
List of Key Players Mentioned in the Report:
- 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.)
Infromation Source: https://www.fortunebusinessinsights.com/cleaning-services-market-107295
Segmentation:
Surging Awareness about Maintaining Cleanliness in Households to Spur the Floor Care & Vacuuming Segment Growth
In terms of type, the market is divided into floor care & vacuuming, window cleaning, and others. The floor care & vacuuming segment accounts for the largest share due to the growing awareness about maintaining hygiene and cleanliness in households and work areas.
Development in Commercial Cleaning Technologies to Foster the Segment Expansion
With respect to end user, the market is bifurcated into commercial and residential. The commercial segment is expected to register the largest share during the forecast period due to innovation in commercial cleaning technologies, specifically automation, which has bolstered efficiency in cleaning hospitals, retail outlets, office spaces, and others.
On the regional front, the market is categorized into South America, the Asia Pacific, North America, Europe, and the Middle East & Africa.
Report Coverage
The research report offers an in-depth analysis of the notable factors augmenting the market growth. It further provides a comprehensive coverage of the impact of the COVID-19 pandemic on the market growth and restraining factors poised to hinder the growth during the forecast period. Additional aspects of the report include the strategic initiatives undertaken by leading companies to capture the largest share in the market.
Drivers and Restraints:
Surge in Trend of Social Media Marketing Among Cleaning Service Companies to Escalate the Market Growth
One of the major factors propelling the cleaning services market growth is an increase in the trend of social media marketing among cleaning service companies. Brand loyalty and brand awareness can be increased and potential new customers across the globe can be gained using social media marketing.
Despite such growth opportunities, shortage of skilled labor may impede the market growth.
Regional Insights:
North America Holds the Largest Share Due to Growing Use of Green Commercial Solutions
North America market for cleaning services accounts for the largest share in the market. The regional growth can be attributed to the surging deployment of green commercial cleaning services.
The Asia Pacific market is anticipated to expand at the highest CAGR during the forecast period, owing to the growing employment opportunities in the region.
Competitive Landscape:
Notable Players Focus on Mergers and Acquisition Strategies to Grow their Businesses
Various competitive strategies are deployed by leading companies to boost their cleaning services market share and maximize their revenue. Moreover, marketing and promotion strategies are being emphasized by leading market players for the creation of strong brand awareness. Several companies are also focusing on adopting other strategies such as joint ventures, partnerships, capacity expansions, and others. Mergers and acquisition strategies are also being deployed by prominent companies to reinforce their industry position and expand their business.
Key Industry Development:
- October 2023 - Principle Cleaning Services partnered with Skyline Robotics to bring autonomous window-cleaning robots to London. The partnership will help complete the window cleaning up to three times faster than humans, and it will be a more effective alternative to humans.
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