LONDON--(BUSINESS WIRE)--The global carpet and upholstery cleaning services market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the increasing construction activities. The growth of the global construction market is driven by developed economies that focus on improving their existing infrastructure. The growing global construction market provides tremendous opportunities for vendors operating in the global carpet and upholstery cleaning services market. The increasing adoption of carpet and upholstery cleaning equipment, such as carpet extractors, vacuum cleaners, automatic polishers, and scrubbers, creates further growth opportunities. In line with this, contract cleaning services are gaining traction in these segments. The growing global construction market, therefore, is expected to accelerate the demand for carpet and upholstery cleaning services over the coming years.
As per Technavio, the growing adoption of green cleaning products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global carpet and upholstery cleaning services market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global carpet and upholstery cleaning services market: Growing adoption of green cleaning products
The increasing awareness of the benefits of green, eco-friendly products among commercial and industrial users has encouraged vendors to adopt green and sustainable cleaning practices. Unlike traditional cleaning, green cleaning does not require harsh chemicals. Green cleaning products are ones that do not release harmful aerosols or wastes that accumulate in the water. Green cleaning services are cost-effective as they save energy, and water, while reducing waste. They are safer since these products do not require the mixing of toxic chemicals or use corrosive materials. Green cleaning products can be derived from natural essential oils as well as other plant sources that are non-toxic, and biodegradable. Therefore, the increasing adoption of green sustainable cleaning practices will have a positive impact on contract cleaning services, such as carpet and upholstery cleaning services. Green practices will help to achieve operational efficiency and cost savings.
“Technical advances in equipment used by carpet and upholstery cleaning services have increased the efficiency of cleaning tasks by offering high cleaning power. Modern carpet and upholstery cleaning equipment will help service providers to enhance their service quality and cater to the growing demand during the forecast period,” says a senior analyst at Technavio.
Global carpet and upholstery cleaning services market: Segmentation analysis
This market research report segments the global carpet and upholstery cleaning services market by end-user (commercial, and residential) and geographical regions (North America, Europe, APAC, South America, and MEA).
The North American region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to the increasing construction of commercial and residential buildings in the region.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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