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A Cleaner Tomorrow: The Contract Cleaning Services Revolution
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According to The Business Research Company's, The contract cleaning services market size has grown strongly in recent years. It will grow from $368.94 billion in 2023 to $393.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased focus on cost optimization, stringent hygiene and sanitation regulations, growing awareness of health and safety, shifting workplace demographics and preferences.
The contract cleaning services market size is expected to see strong growth in the next few years. It will grow to $520.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to expansion of healthcare and hospitality sectors, focus on green cleaning and sustainability, adoption of digital technology and automation, increased demand for specialized cleaning services, focus on employee training and professionalization. Major trends in the forecast period include technological advancements in cleaning equipment and solutions, strategic collaborations, development of efficient, eco-friendly products.
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Market Drivers and Trends:
The increasing construction activities are expected to propel the growth of the contract cleaning services market going forward. Construction refers to the actions involved in installing and assembling project tools and materials on the work site following approved construction plans, guidelines, and specifications. Professional cleaning services can help remove debris, dust, and other hazardous materials that may pose a risk to health and safety. Hiring a contract cleaning service can help save time, effort, and energy that can be better used in other aspects of the project. For instance, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, in 2023, in Quarter 2022 compared to Quarter 2022, quarterly construction production increased by 0.3%. The rise was due to increases in new work (0.4%) and repair and maintenance (0.1%). After a record growth of 12.8% in 2021, the annual production of construction climbed by 5.6% in 2022 compared to 2021. Therefore, the increasing construction activities are driving the growth of the contract cleaning services market.
Green cleaning is a key trend gaining popularity in the contract cleaning services market. Major companies operating in the contract cleaning services market are adopting green cleaning to meet specific demands and sustain their position in the market. For instance, in October 2022, Betco Corporation, a US-based chemical and equipment manufacturer, in partnership with EnviroZyme, a US-based manufacturer of biological technologies, launched EnviroZyme probiotic solutions. This probiotic cleaning program replaces harsh, traditional cleaning chemicals with natural, non-toxic, and biodegradable formulas that are safe for the environment.
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Major Key Players of the Market:
Sodexo SA, ISS Facility Services Inc., ABM Industries Inc., Mitie Group PLC, ServiceMaster Co, Planned Companies, KBS LLC, Pritchard Industries Inc., FBG Service Corporation, Stanley Steemer International Inc., Atlas FM, Bark.com Global Limited., Stratus Building Solutions, Jani-King International Inc., Jan-pro Cleaning Systems, COIT Cleaning and Restoration Services, Master Klean, Cleaning Services Group Inc., React Group PLC, Triad Cleaning Solutions, Bonus Building Care, Four Star General Cleaning Service, Extra Clean Inc., Duraclean International Inc., Anago Cleaning Systems.
Contract Cleaning Services Market 2024 Key Insights:
• The contract cleaning services market size is expected to see strong growth in the next few years. It will grow to $520.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Construction Boom Ignites Surge In Contract Cleaning Services Market
• Environmental Sustainability Takes Center Stage Through The Rise Of Green Cleaning In Contract Cleaning Services
• North America was the largest region in the contract cleaning services market in 2023
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