Press release
Janitorial Services Market to Perceive Substantial Growth During 2015 -2021
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The global janitorial services market is primarily segmented into two categories: residential and commercial. The residential market consists of maid services, window, carpet, window and other services. The commercial cleaning segment primarily focuses on window cleaning, vacuuming, floor care, and related services.Among the two segments, the commercial segment accounts for a relatively larger share of the janitorial services market. Janitorial service is a highly labor intensive market and growth of the market largely depends on growth of the real estate market.Due to its dependence on the real estate market, the janitorial services market suffered a downturn during the economic recession post-2008. The market also suffered a decline due to collapse of various mortgage obligations. Many government entities and industrial companies make a long-term contract to clean facilities, such trends help in the growth of global janitorial services market.
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Many companies outsource their building maintenance and cleaning services, in order to reduce the cost .Through outsourcing, the janitorial services industry creates many employments. Introduction of latest janitorial equipment in the market provides a competitive edge to the janitorial service industry. Such new cleaning equipment provides better janitorial service and this also helps in the growth of janitorial services market.
Some of the major global companies such as ABM Industries and ServiceMaster offer various janitorial services. They together hold more than 35% share of the global janitorial services market. Introduction of new technologies and solutions to clean properties efficiently and safely and process improvements are expected to boost growth of the global janitorial services market during the forecast period.
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Asia Pacific is one of the prominent markets for janitorial services. Rising economy and escalating construction of commercial and non-commercial buildings in the region further increase demand for janitorial services. China and India are the two major countries in Asia Pacific, which hold the highest share of the janitorial services market. In North America, the U.S. holds the largest market share and is expected to grow at the fastest rate during the forecast period. The global janitorial services market is expected to grow at a single-digit growth rate during the forecast period from 2014 to 2020.
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