Contract Cleaning Services Market is Predicted to Observe a Tremendous Growth, With a CAGR of 6.3% From 2023 To 2030: Grand View Research Inc.

 


The global contract cleaning services market size is expected to reach USD 555.44 billion by 2030, registering a CAGR of 6.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing awareness regarding hygiene and safety at workplaces has stimulated business organizations worldwide to hire third-party cleaning service providers. Additionally, to ensure the good health of the employees and consequently raise their productivity, companies globally are increasingly availing green contract cleaning services from providers that use non-hazardous and non-toxic products for cleaning the premise. Thus, a growing preference for green products is further anticipated to increase the demand for these services over the forecast period.

Technological advancements have created smart devices that rely on Artificial Intelligence (AI), the Internet of Things (IoT), and robotic capabilities, such as autonomous floor cleaners. These gadgets, which homeowners typically use, perform simple cleaning duties. However, the restricted applicability and capabilities of these smart cleaning devices, as well as their incapacity to complete duties, is a significant concern. As a result, the pressing need to keep a clean environment and limit health risks will likely drive up demand for cleaning services over the forecast period.

Following the continuing COVID-19 epidemic, there has been an unusual spike in the use of contract cleaning services as firms attempt to start on-premise operations following the relaxation of lockdown restrictions. The requirement to create a sanitary working environment, along with the need to comply with legal rules imposed by governments worldwide, has a beneficial influence on market demand. Due to stringent laws established, corporate organizations actively try to clean the premises regularly to create a safe workplace.

The increasing awareness about hygiene in the workplace and the growing concerns about employee wellness and workplace sustainability drive the demand for these services worldwide. Cleaning services, which cover floor, carpet, upholstery, and window dusting, are primarily undertaken by commercial and industrial establishments to keep the premise clean and healthy.

Business organizations, especially large establishments, enter into contractual agreements with service providers for these services. The service providers charge business organizations primarily based on two factors: the type of service availed and the frequency of desired services, which can be daily, once a week, semiannually, once a month, or annually. However, construction cleaning services are usually availed once and are charged based on the degree of cleaning required. Business organizations are investing considerable amounts in proper workplace maintenance to ensure a green and healthy working environment for their employees.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/contract-cleaning-services-market/request/rs1

Service providers are shifting toward 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 carcinogens and allergens on human health, have paved the way for the adoption of these 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

  • The contract cleaning services industry’s growth is majorly driven by the growing need to provide a clean and safe workplace and thereby improve employee productivity
  • The floor & carpet cleaning segment held the largest revenue share in 2022, primarily driven by the fact that this is the most sought-after service by commercial and industrial end-users, as cleaning large areas covered by floors is a tedious and time-consuming task
  • The commercial end-use segment held the largest revenue share of 49.7% in 2022. This is majorly attributable to the relatively greater adoption of these services among commercial institutions such as hospitals, hotels, and retail outlets
  • Corporate offices held the largest revenue share in 2022. Ensuring employee safety and improving employee productivity are the primary reasons for the large market share of this segment
  • North America dominated the contract cleaning services industry with a revenue share of 31.7% in 2022
  • Some prominent players in the market include Jani-King International Inc.; ABM Industries Incorporated; Mitie Group plc.; ISS Facility Services, Inc.; and Pritchard Industries Inc.

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 for cleansing services among house owners. On the contrary, the introduction of automated cleaning robots that leverage Artificial Intelligence (AI) capabilities to perform dusting chores is expected to challenge the market growth to a certain extent.

COVID-19 Impact

The COVID-19 outbreak heightened worries about workplace hygiene and sanitation. The requirement for hygiene procedures to assure the safety of customers and staff rose with the easing of lockdown restrictions and the gradual reopening of the economy. To stop and contain future epidemics, business organizations are increasing the frequency of premise sanitization. The easing of lockdown restrictions and gradual re-opening of the economy has necessitated hygiene procedures to provide safety to employees and customers.

Companies are increasing the frequency of premise sanitization to control and prevent potential outbreaks. Besides, several countries' governments have issued SOPs/guidelines that businesses must comply with to mitigate the risk of consecutive waves of the ongoing pandemic. Commercial and industrial establishments are mandated to abide by the guidelines laid, not just to ensure the safety of their employees, but also to avoid any legal action.

List of Key Players in the Contract Cleaning Services Market

  • ABM Industries Incorporated
  • Jani-King International Inc.
  • ISS Facility Services, Inc.
  • Sodexo Group
  • Mitie Group plc.
  • Pritchard Industries Inc.
  • Vanguard Cleaning Systems Inc.
  • Stanley Steemer International Inc.
  • Cleaning Services Group, Inc.
  • The ServiceMaster Company, LLC

 

 

Comments

Popular posts from this blog

Vertical Farming Market Growth On The Basis Of Type, Application, Region & Forecast To 2030: Grand View Research Inc.

Clinical Diagnostics Market Segment Analysis By Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

Satellite Payload Market Growth On The Basis Of Type, Application, Region & Forecast To 2025: Grand View Research Inc.