Press release
Janitorial Services Market Size, Share, Growth, Trends And Forecast 2024-2033
Janitorial Services Market
Market Size And Growth Forecast:
The janitorial services market size has grown strongly in recent years. It will grow from $321.13 billion in 2023 to $348.16 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to commercial real estate development, outsourcing trends, health and safety regulations, corporate image and branding, public awareness of hygiene.
The janitorial services market size is expected to see strong growth in the next few years. It will grow to $476.13 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increased focus on green cleaning, rising demand for specialized cleaning, remote work and flexible workspaces, health and safety concerns, partnerships with facility management companies. Major trends in the forecast period include technological integration in cleaning, technological advancements in cleaning equipment, adoption of green cleaning practices, rise of smart cleaning technologies, enhanced training and certification programs.
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Market Segmentation:
The janitorial services market covered in this report is segmented -
1) By Type: Indoor Cleaning Service, Outdoor Cleaning Service
2) By Application: Residential, Commercial
Major Driver - Rising Real Estate Demand Propels Janitorial Service Market Growth
The growing demand for the real estate industry is expected to propel the growth of the janitorial service market going forward. Real estate is something permanently affixed to or constructed on land, whether it be created naturally or artificially. Janitorial services are in charge of making sure the construction area is free of grime, dust, and off-putting odors, they focus on issues such as smeared appliances, damaged carpets, and discolored surfaces to ensure that homes are prepared for close inspection. For instance, in November 2022, according to the National Association of Realtors, a US-based commercial organization, in 2020, 5.64 million pre-existing dwellings and 822,000 newly built homes were sold, and realtors median gross income increased from $43,330 in 2020 to $54,330 in 2021. Therefore, growing demand for the real estate industry is driving the growth of the janitorial service market.
Competitive Landscape:
Major companies operating in the janitorial services market report are APS Janitorial Services Inc., Sodexo Inc., Cox & Company Inc., Aramark Corporation, International Service System (ISS A/S), Cintas Corporation, ABM Industries Inc., American Building Maintenance Inc., Clean Harbors Inc., Mitie Group plc, Aeon Delight Co Ltd., ServiceMaster Global Holdings Inc., Covanta Holding Corporation, Red Coats Inc., Jan-Pro International, CNS Consorzio Nazionale Servizi Soc. Corp, Coverall North America Inc., Pritchard Industries Inc., Vanguard Cleaning Systems, Stanley Steemer International Inc., OpenWorks, CleanNet USA, Jani-King International Inc., BSC Group, Anago Cleaning Systems, WISAG Facility Service Holding GmbH, Bonus Building Care, Chem-Dry, UGL Unicco Services, Anaheim Janitorial Services Inc.
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Top Trend - Janitorial Service Market Leaders Embrace Advanced Solutions
Major companies operating in the janitorial service market are focusing on advanced solutions such as customer assistance service platforms to meet evolving customer demands and enhance operational efficiency. Customer assistance service platforms are centralized systems designed to provide support and aid to customers, facilitating communication and issue resolution through various channels. For instance, in October 2023, Cleanster.com, a US-based provider of an app-based booking platform for cleaning services, launched a groundbreaking cleaning service platform in the dynamic state of Florida, tailoring the concept to address the distinctive cleaning requirements of property owners, homeowners, and short-term rentals. With a focus on supporting local professional cleaners, Cleanster ensures they are adequately insured, bonded, and compensated, prioritizing a high standard of quality and customer satisfaction.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Janitorial Services Market Characteristics
3. Janitorial Services Market Trends And Strategies
4. Janitorial Services Market - Macro Economic Scenario
5. Janitorial Services Market Size And Growth
…..
27. Janitorial Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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