Contract Cleaning Services Market– Statistics And Analysis & Forecast To 2027Posted by Mrudula Anil Karmarkar on April 30th, 2021 The global contract cleaning services market size is expected to reach USD 468.2 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. The increasing awareness about hygiene and safety at the workplace has encouraged business organizations worldwide to hire third-party cleaning service providers. Additionally, to ensure good health of the employees and consequently uplift their productivity, companies worldwide are increasingly availing green cleaning services from providers that use non-toxic and non-hazardous products for cleaning the premise. Thus, the growing inclination towards green products is further anticipated to boost the demand for cleaning services over the forecast period. Technological advancements have led to the development of smart devices such as automatic floor cleaners that rely on Artificial Intelligence (AI), Internet of Things (IoT), and robotic capabilities. These devices, which are mostly preferred by residential customers, perform basic cleaning tasks. However, the limited application and capabilities of these smart cleaning devices coupled with their inability to perform tasks is a major issue. As such, the imminent need to ensure clean surroundings and limit health issues is expected to boost demand for cleaning services over the forecast period. In the wake of the ongoing COVID-19 pandemic, there has been an unprecedented surge in the adoption of contract cleaning services as businesses look to start on-premise operations after an ease in lockdown restrictions. The necessity to provide a hygienic working environment coupled with the need to comply with mandatory guidelines enacted by the governments of countries worldwide is having a positive impact on market demand. Due to the stringent mandates enacted, business organizations are actively working towards cleaning their premises at regular intervals to provide a safe workplace. However, construction cleaning services are usually availed one time and are charged based on the degree of cleaning required. Business organizations are investing huge amounts on proper maintenance of the workplace to ensure a green and healthy working environment for their employees. Service providers nowadays are shifting towards the concept of green cleaning which essentially involves the use of natural products such as vinegar, baking soda, and lemons among others for cleansing the premise. The growing environmental concerns, as well as the negative implications of using products that have harmful chemicals such as carcinogen and allergens on human health, has paved the way for the adoption of green cleaning methods. The benefits associated with the use of green products for cleanup are expected to increase their adoption, shaping the service portfolios of providers in the coming years. Contract Cleaning Services Market Report Highlights
With the increase in the number of fatal diseases, individuals and businesses have become more conscious about the health of their employees and family members. This has resulted in increased spending on maintaining the hygienic surrounding where people spend most of their time during work hours. Besides, the increasing disposable income is driving the trend of hiring professional cleaners among house owners. On the contrary, the introduction of automated cleaning robots that leverage Artificial Intelligence (AI) capabilities to perform these chores is expected to challenge the market growth to a certain extent. The ongoing COVID-19 pandemic has further intensified the concerns for cleanliness and hygiene at the workplace. The easing of lockdown restrictions and gradual re-opening of the economy has necessitated hygiene procedures to be in place for providing safety to the employees as well as customers. Business organizations are increasing the frequency of premise sanitization to control and prevent potential outbreaks. Besides, the governments of several countries have issued several SOPs/guidelines that businesses are mandated to comply with for mitigating the risk of consecutive waves of the ongoing pandemic. The commercial as well industrial establishments are mandated to abide by the guidelines laid not just for ensuring the safety of their employees, but also to deter any legal action. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/450949/ibb The market is highly fragmented with the presence of a large number of service providers. To gain significant revenue share and strengthen their position in the market, market incumbents are undertaking various growth strategies, including strategic acquisitions and partnerships to expand their reach by leveraging each other’s expertise. For instance, in July 2017, ABM Industries Incorporated announced the acquisition of GCA Services Group, which provides facility management services for commercial and educational sectors and specializes in janitorial services. The acquisition highlighted the company’s strategy to expand its clientele base and regional presence. Further, owing to the ongoing COVID-19 pandemic, several service providers have altered their service delivery plans and packages, thereby enabling customers to choose the cleaning frequency as per their requirement and ease. Some prominent players in the contract cleaning services market include:
Grand View Research has segmented the global contract cleaning service market based on service type, end-use: Contract Cleaning Services Type Outlook (Revenue, USD Million, 2016 - 2027)
Contract Cleaning Services End-use Outlook (Revenue, USD Million, 2016 - 2027)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information:www.grandviewresearch.com Like it? Share it!More by this author |