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Global Cleaning Services Market to Grow at a CAGR of 6.3% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Cleaning Services Market Report and Forecast 2021-2026’, the global cleaning services market attained a value of USD 57.9 billion in 2020. The market is likely to grow further in the forecast period of 2021-2026, growing at a CAGR of 6.3% to attain a value of USD 83.6 billion by 2026.

The global cleaning services market’s high maturity regions include countries like the United States, the United Kingdom, Australia, France, Spain, New Zealand, and Germany. The regions with high potential growth include the United Arab Emirates, Saudi Arabia, Qatar, Canada, Singapore, and Eastern Europe. Germany is amongst the largest markets for cleaning services in Europe. The developing regions in the Asia Pacific and Latin America are expected to display a significant demand for cleaning services in the coming years. These regions are witnessing increased constructional activities as well as rising economies, thus, driving the market growth for cleaning services further. The growing healthcare industry in these regions is also pushing the cleaning services market forward.

The cleaning services market is majorly being driven by the global integrated management market. Due to the rising number of multinationals corporations in the developing regions, the demand for integrated facilities management is growing, providing a push to the global cleaning services market. The market is also being driven forward by the introduction of environmentally friendly cleaning solutions, catering to the increasingly eco-conscious consumers. For example, Blue Cleaning by Aramark (NYSE: ARMK) is not just a chemical-free and sustainable cleaning solution, it also helps in reducing labour costs. The recent COVID-19 pandemic might also boost the prospects of the market in the coming years, with consumers becoming increasingly careful about cleanliness and sanitation.

Market Analysis by End Use and Region:

The end-uses of the market include offices, educational facilities, retail complexes, residences, government, healthcare facilities, and industrial plants, among others.
The major regions for the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:

  • The global cleaning services market is being driven by the rising demand from the healthcare industry.
  • The rising technological advancements in the cleaning equipment is also boosting the demand growth.
  • Increasing competition between the key players is further catalysing the market growth.
  • The market is also supported by the growth of the integrated facilities management industry.

Key Offerings of the Report:

  • The EMR report provides an overview of the global cleaning services market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the end uses and major regions of cleaning services.

The major key players in the global cleaning services market include CBRE Group, Inc., Sodexo Group, Jones Lang LaSalle IP, Inc., Compass Group PLC, Cushman & Wakefield, GSN, ADEN, ABM, The ServiceMaster Company, LLC, and others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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