Report Predicts Growth of Custodial Services

February 25, 2020

The global market for janitorial services is expected to reach US$30 billion by 2024 with a compounded annual growth rate—or CAGR—of more than 4%, according to a new report by SpendEdge.

The study cites a rising disposable income in the middle class as a key driver in the increased demand for professional residential cleaning services. Lower unemployment numbers have led to a lack of skilled workforce in the commercial cleaning industry, which in turn has sparked an increase in service charges by contractors. SpendEdge’s report also forecasts commercial and residential cleaners will need to enhance their service portfolios in order to remain competitive in the future.

Latest Articles

Around-the-Clock Floor Care
June 24, 2025

Around-the-Clock Floor Care

June 23, 2025 Sponsored by Tennant

Where AI Meets Clean: Join the X6 ROVR™ Floor Cleaning Revolution

June 23, 2025 Jeff Cross

Advocating for Clean in a Cost-Obsessed World

Sponsored Articles

X6 ROVR™ combines advanced AI navigation
June 23, 2025 Sponsored by Tennant

Where AI Meets Clean: Join the X6 ROVR™ Floor Cleaning Revolution

June 17, 2025 Sponsored by Sani Professional

Food Safety Made Simple: A Must-Have for Chefs, Grill Masters, and More!

June 16, 2025

The Future of Facility Care: Integrating Automation & Sustainability

Recent News

New COVID-19 Variant Nimbus Arrives in the U.S.

New COVID-19 Variant Nimbus Arrives in the U.S.

U.S. Service Members Find Mold, Lead & Asbestos in Their Homes

What do Americans Think of RFK’s Job so Far?