Global Contract Cleaning Services Market 2020-2024 | Growing Adoption of Green Cleaning Products to Boost Growth | Technavio

Technavio has announced its latest market research report titled global contract cleaning services market 2019-2023. (Graphic: Business Wire)

LONDON--()--The contract cleaning services market size is expected to post a CAGR of close to 5% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

The rising awareness about workplace wellness and sustainability is one of the major reasons for the contract cleaning services market growth. Organizations across the world are increasingly focusing on creating a healthier work environment for employees to enhance their productivity. Moreover, companies are increasingly outsourcing their cleaning services as it offers advantages such as ease of management and cost-effectiveness. The use of contract cleaning services also helps organizations to adopt a holistic approach to keep their offices cleaner, healthier, and greener.

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As per Technavio, the adoption of green cleaning products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Contract Cleaning Services Market: Adoption of Green Cleaning Products

The adoption of green cleaning products is identified as one of the key contract cleaning services market trends contributing to market growth. Chemicals like carcinogens, hormone disruptors, and allergens present in cleaning products are harmful to individuals as well as the environment. Thus, the demand for green cleaning products is increasing as they are cost-effective and do not lead to environmental pollution. Moreover, green cleaning services involve the use of cleaning products that are derived from natural essential oils and are non-toxic and biodegradable.

“Apart from the adoption of green cleaning products, other factors such as the development of advanced products, and visibility with regard to product ingredients will have a positive impact on the contract cleaning services market growth during the forecast period,” says a senior analyst at Technavio.

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Contract Cleaning Services Market: Segmentation Analysis

This market research report segments the contract cleaning services market by geography (APAC, Europe, North America, MEA, and South America) and end-user (commercial, industrial, and residential).

The North American region led the market in 2019, followed by Europe, APAC, South America, and MEA respectively. The growth of the contract cleaning services market share in North America can be attributed to factors such as the unprecedented rise in construction activities, surge in the number of dual-income households, and the proliferation of advanced cleaning services offered by vendors.

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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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global contract cleaning services market has the potential to grow by USD 90.01 billion during 2020-2024 according to the Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com