Global Contractual Cleaning Market Outlook 2028
-
Product Code:
RP-ID-10335705 -
Published Date:
21 Oct 2022 -
Region:
Global
-
Pages:
760 -
Category:
Service Industry -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
....
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global Contractual Cleaning Services Market Analysis – 2018-2028
Cleaning and janitorial services that are outsourced by verticals such as commercial sectors including organizations, institutions and industrial are often referred to as contract cleaning services. These may include wide range of services such as window or façade cleaning, floor cleaning, carpet & upholstery cleaning, interior cleaning, among others. The global contractual cleaning services market is anticipated to gain a CAGR of 8.02% during the forecast period, i.e. 2020-2028. Factors such as the rising demand for specialized cleaning services from several commercial institutions, such as offices, hospitals and industrial plants among others and the growing awareness for waste management amongst end users are anticipated to promote towards the growth of the global contractual cleaning services market. Additionally, factors such as the increasing demand for contractual cleaning services amongst the commercial consumers such as public institutions, hospitals and healthcare facilities, along with the residential sector and the industrial sector, where there is a significant rise in the adoption of contractual cleaning services are anticipated to drive the growth of the global contractual cleaning services market over the forecast period.
The global contractual cleaning services market consists of various segments that are segmented by verticals and by region. The vertical segment is further segmented into residential, institutions, organizations and industrial. The SMEs segment, which is a sub-segment of the organizations segment, is anticipated to register the largest market share of around 61% in the year 2018 and is anticipated to grow by a CAGR of around 9% during the forecast period. Additionally, the segment is also anticipated to cross a value of around USD 1,25,000 million by the end of 2028 by growing at 1.92x during the forecast period.
Based on region, the global contractual cleaning services market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in Europe, which registered a market share of around 31% in the year 2018 is anticipated to grow by a CAGR of around 8% during the forecast period. Additionally, the market in the region is also anticipated to reach a value of around USD 1,40,000 million by the end of 2028.
Some of the affluent industry leaders in the global contractual cleaning services market are Compass Group plc, ISS A/S, Sodexo, Aramark Co., Vanguard Cleaning Systems, Inc., The ServiceMaster Company, LLC, and CBRE Group, Inc.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
.
Please enter your personal details below
Compass Group plc, ISS A/S, Sodexo, Aramark Co., Vanguard Cleaning Systems, Inc., The ServiceMaster Company, LLC, and CBRE Group, Inc.