Contract Cleaning Services Market| Rising Awareness About Workplace Wellness to Boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--The global contract cleaning services market size is poised to grow by USD 90.01 billion during 2020-2024, progressing at a CAGR of almost 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The rising awareness about workplace wellness and sustainability will be a significant factor in driving the growth of the contract cleaning services market. Organizations across the world are focusing on creating a healthier work environment for employees to enhance their productivity. Companies are increasingly preferring the outsourcing of cleaning services because of their advantages, including cost-effectiveness and ease of management. The use of contract cleaning services also helps companies in adopting a holistic approach for keeping their offices cleaner, healthier, and greener. The growing need for creating a clean workplace environment among companies will boost the demand for contract cleaning services during the next five years.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Report Highlights:

• The major contract cleaning services market growth came from commercial end-user segment. The commercial end-user segment comprises of hospitality establishments, spas and salons, food service establishments, hospitals and healthcare centers, institutions, and offices. The increasing demand for cleaning services from commercial office buildings and healthcare organizations is expected to fuel the growth of the contract cleaning services market in the commercial end-user segment.
• North America is one of the largest markets for contract cleaning services, and the region will offer several growth opportunities to market vendors during the forecast period. The rise in construction activities, an increasing number of dual-income households, and the proliferation of advanced cleaning services are contributing to contract cleaning services market growth in this region.
• The global contract cleaning services market is fragmented. ABM Industries Inc., Anago Cleaning Systems Inc., Atlas FM Ltd., Cleaning Services Group, Inc., EXTRA CLEAN, ISS AS, Jani-King International Inc., ServiceMaster Global Holdings, Inc., Sodexo Group, and The JPM Group of Companies Ltd. are some of the major market participants. To help clients improve their market position, this contract cleaning services market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the contract cleaning services market 2020-2024 is expected to have Negative and Inferior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: https://www.technavio.com/report/report/contract-cleaning-services-market-industry-analysis

Adoption of Green Cleaning Products will be a Key Market Trend

The adoption of green cleaning products will be one of the critical contract cleaning services market trends contributing to market growth. Chemicals such as hormone disruptors, carcinogens, and allergens present in cleaning products are harmful for the users and the environment. The increasing awareness about the benefits of green and eco-friendly products has driven several market vendors to offer green cleaning services. Green cleaning services involve the use of cleaning products that are derived from natural essential oils and are non-toxic and biodegradable. Green cleaning services are also cost-effective and do not lead to environmental pollution. The increasing adoption of such green and sustainable cleaning methods and products will fuel the growth of the contract cleaning services during the forecast period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Contract Cleaning Services Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist contract cleaning services market growth during the next five years
• Estimation of the contract cleaning services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the contract cleaning services market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of contract cleaning services market vendors

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis

PART 04: MARKET SIZING

• Market definition
• Market segmentation analysis
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY END-USER

• Market segmentation by end-user
• Comparison by end-user
• Commercial - Market size and forecast 2019-2024
• Industrial - Market size and forecast 2019-2024
• Residential - Market size and forecast 2019-2024
• Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Adoption of green cleaning products
• Visibility with regard to product ingredients
• Development of advanced products

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• ABM Industries Inc.
• Anago Cleaning Systems Inc.
• Atlas FM Ltd.
• Cleaning Services Group, Inc.
• EXTRA CLEAN
• ISS AS
• Jani-King International Inc.
• ServiceMaster Global Holdings, Inc.
• Sodexo Group
• The JPM Group of Companies Ltd.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

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 17,000 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.