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Global Cleaning Services Market Analysis and Forecast 2022-2027
Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices by the Cleaning Services Market
The cleaning services industry was valued to be worth USD 60.80 billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 6.3 percent, achieving a value of around USD 87.81 billion by 2027.
The cleaning services Market broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Cleaning services are growing in popularity as people become more conscious of workplace hygiene and concerned about workplace sustainability and employee well-being.
As a result, companies are emphasizing the necessity of creating a healthy work environment to boost employee productivity. Contract cleaning services can help businesses adopt a more comprehensive approach to keeping their workplaces cleaner, healthier, and more environmentally friendly. North America is the biggest category spender by region which is impelling the demand for the cleaning services industry.
Cleaning Services: Market Definition and Segmentation
Scope
Cleaning Services refer to a business that charges a fee for general cleaning and housekeeping services in locations such as stores, offices, and houses, and household products such as carpets, sofas, and curtains.
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The Cleaning Services Market comprises segments:
- By region – North America, Europe, the Asia Pacific, the Middle East, Africa, and South America.
Snapshot of the Report
The regional markets for the industry can be divided into North America, Europe, the Asia Pacific, the Middle East, Africa, and South America
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Category Drivers
Cleaning services have become increasingly popular because of new technologies, interoperability among cleaning equipment, and the addition of additional enterprises to the market. Cleaning services in the retail industry profit from it as well since it allows them to complete chores swiftly and with few resources. Some service providers use advanced technological solutions to increase efficiencies, such as high-tech cleaning equipment, productivity software, and Internet of Things (IoT) technologies, which are becoming more affordable for commercial cleaning companies to use, strengthening industry growth.
Retail cleaning companies offer a variety of specialised services to satisfy the needs of their customers. As environmental regulations have become more demanding around the world, there has been an increase in demand for sustainable cleaning solutions. As a result, green cleaning is gaining traction in the marketplace.
Category Insight by Region
Outsourcing demand is high in Europe due to a scarcity of low-cost, unskilled labour. The continent’s outsourcing rates are around 60%, helping the growth of the cleaning services business. In addition, the green cleaning sector is expected to grow gradually in the next years because of the development of various environmental protection legislation in the region.
The cleaning services sector is being driven by expanding workplace cleanliness awareness and growing concerns about workplace sustainability and employee well-being. Cleaning services, such as floor, upholstery, carpet, and window cleaning, are largely provided by commercial and industrial organisations to maintain a clean and healthy environment. Consumers are more prepared to spend on keeping the environment clean because of the growth in dangerous diseases.
The cleaning services sector benefits from the inverse link between vacancy rates and the procurement of cleaning services for company premises. Other reasons that have supported market expansion include rising urbanisation, economic recovery, increased discretionary spending, and the rise of dual-income houses.
Best Procurement Practices
The global cleaning services Market by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of cleaning services products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Cleaning services, such as floor, upholstery, carpet, and window cleaning, are largely provided by commercial and industrial organisations to maintain a clean and healthy environment. Corporate organisations and large corporations get into contractual arrangements with service suppliers. Contractual contracts with service providers are made for cleaning services by commercial entities and large corporations. The major elements that influence how many business organisations are charged are the sort of service needed and the frequency of services required, which could be daily, once a week, once a month, semi-annually, or annually.
Key Supplier Profiles included in the Global Cleaning Services Market
The key market players are C&W Facility Services, Inc., Sodexo SA, Jones Lang LaSalle IP, Inc., Compass Group PLC, The ServiceMaster Company, LLC, ABM Industries Incorporated, GSN Services, Aden Group, and others.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.
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