Dublin, Oct. 04, 2021 (GLOBE NEWSWIRE) -- The "Contract Cleaning Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Contract Cleaning Services estimated at US$ 251.3 Billion in the year 2020, is projected to reach a revised size of US$ 347.9 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Floor & Carpet Cleaning, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$ 110.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Window Cleaning segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
The Contract Cleaning Services market in the U.S. is estimated at US$ 74 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 71.2 Billion by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
In the global Upholstery Cleaning segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 34.6 Billion in the year 2020 will reach a projected size of US$ 49.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 25.7 Billion by the year 2027, while Latin America will expand at a 6.2% CAGR through the analysis period.
Select Competitors (Total 79 Featured):
ABM Industries, Inc.
Anago Cleaning Systems
FBG Service Corporation
Jani-King International, Inc.
Mitie Group PLC
MPW Industrial Services, Inc.
OCS Group Ltd.
Rentokil Initial PLC
ServiceMaster Global Holdings, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
Pandemic-Induced Opportunities & Challenges for the Commercial Cleaning Services Industry
Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market
State of Construction Sector to Impact Demand for Contract Cleaning Services
Contract Cleaning Services: An Introduction
Office Cleaning Services
Institutional Cleaning Services
Cleaning Services for Residential Dwellings
Cleaning Services for Commercial and Industrial Buildings
Cleaning Services for Other End-Use Sectors
Global Market Prospects & Outlook
Commercial Contract Cleaning Services Present Growth Opportunities
Floor & Carpet Cleaning Emerges as the Largest Category
Developed Regions Lead, Developing Economies to Spearhead Future Growth
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Awareness about Workplace Hygiene, Wellness & Sustainability to Propel Demand for Contract Cleaning Services
Persistent Hygiene Threats and Risks at Workplaces Raise Importance of Cleaning Services
Growing Adoption of Green Cleaning Products: A Notable Trend Spurring Market Growth
Commercial Contract Cleaning Services: Growth Trends in Commercial Construction to Influence Market Growth
Automation and Smart Applications Revolutionize the Commercial Cleaning Industry
Industrial Facilities Demand Specialized and Reliable Contract Cleaning Services
COVID-19 Pandemic's Impact on Industrial Activity to Impact Segment Growth
Residential Construction Market to Present Long-term Growth Opportunities
Novel Cleaning Approaches and Advanced Technologies & Tools to Transform Cleaning Industry Operations
Data-driven Solutions & Software Tools to Boost Cleaning Business's Productivity
Tools for Time and Team Management
Tools for Customer Relationship Management
Green Cleaning & Efficient Waste Management
Embrace Marketing through Social Media
Making Services More Customer-Friendly
Enhancing Professionalism and Investing in Training Employees
Artificial Intelligence to Boost Efficiencies and Capabilities of Cleaning Service Companies
Notable Innovations in Cleaning Industry to Boost Market Prospects
Robots Emerge as an Important Technology for Cleaning Businesses
Robots for Floor Cleaning
Robots for Duct Cleaning
Robots for Window Cleaning
Robots for Special Purposes
Key Challenges Facing Contract Cleaning Services Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 112
For more information about this report visit https://www.researchandmarkets.com/r/txyout
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