Growth Indicators
Growing Demand for Contrac Cleaning Services from Residential and Commercial Consumers
The consistent demand for contract cleaning services across commercial consumers such as public institutions, hospitals and healthcare facilities, coupled with the demand for contract cleaning services across the residential sector is anticipated to boost the growth of the global market over the forecast period. There has been a significant growth in the number of construction activities including bridges, streets and highways, across various regions worldwide. These civil constructions require timely maintenance and cleaning, and therefore the need to deploy contractual cleaning service providers. Additionally, the growing industrial sector, along with the numerous benefits associated with contract cleaning services for residential users, are some of the additional factors anticipated to drive the growth of the global contract cleaning services during the forecast period.
Growing Awareness for Healthy Living Environment
Over the years, poor indoor environment quality has impacted various businesses and daily life of the people. Increasing awareness amongst people for the ill effects of living in a poor indoor environment has raised the need for proper hygiene and cleaning services. Moreover, a paradigm shift towards eco-friendly cleaning products and procedures worldwide by contractual cleaning service providers have also contributed majorly to the increasing adoption of such services. Several service providers have also rapidly transformed to using green cleaning initiatives as chemical cleansers are known to cause harm to the environment. Such factors are anticipated to drive the growth of the market over the forecast period.
Challenges
Unavailability of Skilled Labour
The global contractual cleaning services market is segmented by regions into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Among these regions, the market in North America registered the largest market share of 35.80% and a value of USD 76683.6 million in the year 2018. Growing adoption of advanced contractual cleaning services and the rising construction activities in the region are some of the major factors driving the growth of the contractual cleaning services market in the region. Additionally, the market in the region is also anticipated to gain an incremental $ opportunity of USD 4502.4 million in the year 2020 as compared to the previous year and further grow by a CAGR of 7.53% during the forecast period. The contractual cleaning services in North America is also anticipated to grow by 1.78x and gain an absolute $ opportunity of USD 68357.8 million during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
Base Year |
2024 |
Forecast Year |
2037 |
CAGR |
6.2% |
Base Year Market Size (2024) |
USD 378.34 billion |
Forecast Year Market Size (2037) |
USD 826.99 billion |
Regional Scope |
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Author Credits: Parul Atri
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