According to Technavio’s latest market research study, the global contract cleaning services market is expected to grow at a CAGR of close to 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global contract cleaning services market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
Source: Technavio
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The top three revenue contributing end-user segments are discussed below
Contract cleaning services market for commercial end-users: Vendors in the contract cleaning services market for commercial end-users are focusing on capturing market shares by gaining multiple year contracts, which help to build their recognition in the market. Factors such as increasing construction of commercial buildings and rapid urbanization are expected to propel the demand for contract cleaning services from commercial end-users during the forecast period.
“Commercial office buildings, educational institutions, and healthcare organizations are some of the key end-users of contract cleaning services. The high demand for contract cleaning services from the commercial end-user segment is attributable to the need to reduce CAPEX among organizations,” says Abhay Sinha, a lead analyst at Technavio.
Contract cleaning services market for industrial end-users: Industrial end-users include heavy industries, construction, and manufacturing units across the globe. Industrial cleaning services are also comparatively more hazardous than commercial and residential cleaning, spurring the need for professional, specialized services. The presence of wide range of industrial specialized cleaning services that offers higher efficiency and reliability than other services is expected to drive the growth of the commercial cleaning services market for industrial end-users during the forecast period.
Contract cleaning services market for residential end-users: The adoption of contract cleaning services in the residential segment is influenced by the lack of time and need for efficient and effective services. The contract cleaning services market for residential end-users is likely to grow at a rapid pace owing to the rise in dual-income families.
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Top vendors operating in the global contract cleaning services market are:
- ABM
- ISS
- Service Master
Other prominent vendors in the market include Anago Cleaning Systems, AIS Contract Cleaners, Atlas Cleaning, BELFOR, Cagney Contract Cleaning, Crest Commercial Cleaning, Eco Group Services, Future Cleaning Services, JPM Contract Cleaners, Mitie Group, Nugent Contract Cleaning, OCS Group, Quota Contract Cleaning Services, Stanley Steemer International, The Cleaning Services Group.
A more detailed analysis is available in the Technavio report titled, ‘Global Contract Cleaning Services Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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