Global Contract Cleaning Services Market Trends Up
Amid the COVID-19 crisis, the global market for contract cleaning services, estimated at US$251.3 billion in 2020, is projected to reach a revised size of $329.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 4.8% over the analysis period.
According to the report Contract Cleaning Services – Global Market Trajectory & Analytics offered by Research and Markets, the floor and carpet cleaning segment is projected to record a 5% CAGR and reach $110.9 billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the window cleaning segment is readjusted to a revised 4.8% CAGR for the next seven-year period.
The contract cleaning services market in the U.S. is estimated at $75.8 billion in the year 2021. China is forecast to reach a projected market size of $66.5 billion by the year 2026, trailing a CAGR of 6.2% over the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.1% respectively over the analysis period.
Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. The report showed increasing awareness among clients about the benefits of sustainability of their facilities and wellness of their employees is leading to increased demand for contract cleaning services.
The report states that businesses worldwide are increasing their focus on making work environments healthier for their employees because a healthy workplace holds significant potential to enhance productivity. Outsourcing of such space cleaning services also frees a lot of time for organizations, which they can use for strengthening their core business. The two main benefits with outsourcing cleaning services to providers of dedicated services are ease-of-management and cost effectiveness.
Another notable trend in the market is the increased adoption of cleaning products that are sustainably produced. Several vendors are currently offering green cleaning services using green products derived from biodegradable, non-toxic, and natural materials. Such green products are likely to shape portfolios of service providers over the coming years.