Posted on September 18th, 2022

The global contract cleaning services market size is expected to grow by USD 151.27 billion from 2021 to 2026 at a CAGR of 6.85% as per the latest market report by Technavio. 34% of the market's growth will originate from North America during the forecast period. The US is the key market for contract cleaning services in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and South American regions. The unprecedented rise in construction activities, surge in the number of dual-income households, and the proliferation of advanced cleaning services offered by vendors will facilitate the contract cleaning services market growth in North America over the forecast period. 

Contract Cleaning Services Market: Vendor Analysis

The contract cleaning services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The contract cleaning services market report also offers information on several market vendors, including ABM Industries Inc., AIS Contract Cleaners Ltd., Anago Cleaning Systems Inc., Atlas Facilities Management Ltd., BELFOR Holdings Inc., BONUS Building Care, Cleaning Services Group Inc., Crest Licensing Systems Ltd., Eco Group, Ecoserv Group, Extra Clean Inc., Harvard Service Group, ISS AS, Jani King International Inc., Nugent Contract Cleaning, OCS Group Ltd., Pritchard Industries Inc., Roark Capital Management LLC, Sodexo SA, and Stratus Building Solutions among others.

• ABM Industries Inc. - The company offers contract cleaning services to protect a facility's assets, enhance employee productivity, and keep customers coming back.
• AIS Contract Cleaners Ltd. - The company offers contract cleaning services that utilize the most effective cleaning practices to address commercial cleaning service needs in a customized cleaning schedule.
• Atlas Facilities Management Ltd. - The company offers contract cleaning services that provide high-quality, tailored cleaning, regardless of sector, scale or budget.
• csginc.com - The company offers contract cleaning services with the most efficient process possible using the best products, top-of-the-line equipment, and hands-on management.
• Eco Group -The company offers contract cleaning services for private and public sector customers in education, medical and health care, offices and commercial buildings, car dealerships, fitness, and leisure, industrial, retail, and TV film and production.

Contract Cleaning Services Market: Market Dynamics

The contract cleaning services market is driven by the increase in the number of residential buildings. In addition, the adoption of green cleaning products is anticipated to boost the growth of the Contract Cleaning Services Market. However, the factors such as the low penetration rate in developing economies may impede market growth.

Contract Cleaning Services Market - Segmentation Analysis

• End-user Outlook (Revenue, USD bn, 2021-2026)
• Commercial - size and forecast 2021-2026
• Industrial - size, and forecast 2021-2026
• Residential - size and forecast 2021-2026

Geography Outlook (Revenue, USD bn, 2021-2026)

• North America - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• South America - size and forecast 2021-2026

The Middle East and Africa - size and forecast 2021-2026

The competitive scenario provided in the Contract Cleaning Services Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. 

Source: PR Newswire