Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Global Contract Cleaning Services Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
Emergence of Green Cleaning Innovations and Increased Construction Drive the Market Growth
The latest comprehensive research on the global contract cleaning services market projects a significant growth trajectory, anticipating an expansion from $345.85 billion in 2022 to an impressive $368.94 billion in 2023. The cleaning industry continues to experience a surge, set to reach $479.51 billion by 2027, maintaining a steady CAGR of 6.8%.
One of the pivotal factors underpinning this growth is the robust upswing in construction activities. The surge in construction across the globe necessitates comprehensive cleaning solutions to mitigate the health and safety risks posed by residual debris. The uptick in new work and repair, as highlighted in construction production statistics, directly influences the burgeoning demand for contract cleaning services in this sector. This nexus between construction proliferation and contract cleaning services underscores the market's expansion.
On the vanguard of market trends is the rapidly escalating adoption of green cleaning practices. Spearheading this paradigm shift, industry leaders are increasingly integrating environmentally friendly cleaning methods. Case in point, partnerships like that of Betco Corporation with EnviroZyme unveil innovative probiotic cleaning solutions – heralding an era of safe, green, and sustainable cleaning services without compromising efficacy.
Geographically, North America claims the title of the market dominion, whilst Asia-Pacific regions are vying for the position of the fastest-growing market, demonstrating robust potential in the forecast period. The global expanse of the market is further enriched by strategic acquisitions, such as the REACT Group plc's recent acquisition of Fidelis Contract Services, amplifying the service scale and operational scope.
Service Diversity Tailored to Evolving Market Dynamics
The service-scape of the contract cleaning market is highly diversified, catering to varied needs, including window cleaning, floor and carpet maintenance, and post-construction clean-ups. True to market demands, the service portfolio extends beyond traditional janitorial and sanitization services, encompassing a vast array of specialized offerings tailored to different end-users such as residential, industrial, and healthcare sectors.
Comprehending Market Complexities through In-Depth Analysis
The latest report furnishes an exhaustive analysis delineating current scenarios and future projections in the contract cleaning services landscape. By dissecting the market into its core components and presenting detailed segmentations, the report encapsulates the entire essence of the industry for entities craving a competitive advantage and strategizing for long-term success.
The meticulous curation of market data offers invaluable insights into the revenue streams, regional consumptions, and trends shaping the global contract cleaning services market; a quintessential compendium for understanding the sophisticated market dynamics at play. It serves as a strategic arsenal for stakeholders eyeing to navigate and capitalize on the emerging opportunities within the contract cleaning sector.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $368.94 billion |
| Forecasted Market Value (USD) by 2027 | $479.51 billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Sodexo SA
- ISS Facility Services Inc.
- ABM Industries Inc.
- Mitie Group PLC
- ServiceMaster Co
- Planned Companies
- KBS LLC
- Pritchard Industries Inc.
- FBG Service Corporation
- Stanley Steemer International Inc.
- Atlas FM
- Bark.com Global Limited.
- Stratus Building Solutions
- Jani-King International Inc.
- Jan-pro Cleaning Systems
- COIT Cleaning and Restoration Services
- Master Klean
- Cleaning Services Group Inc.
- React Group PLC
- Triad Cleaning Solutions
- Bonus Building Care
- Four Star General Cleaning Service
- Extra Clean Inc.
- Duraclean International Inc.
- Anago Cleaning Systems.
For more information about this report visit https://www.researchandmarkets.com/r/jdw4kk
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