The global contract cleaning services market provides professional cleaning services to residential and commercial spaces including offices, retail outlets, schools, hospitals and other facilities on a contractual basis. Contract cleaning service providers leverage advanced cleaning equipment and technologies along with trained cleaning staff to efficiently clean, maintain and enhance the hygiene and aesthetics of various spaces.
The Global Contract Cleaning Services Market is estimated to be valued at US$ 273.2 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the contract cleaning services are ABM Industries Incorporated, Anago Cleaning Systems, Aramark Corporation, ChemDry, Cleaning Services Group, Inc., CleanNet USA Inc., Compass Group plc, Duraclean International Inc., Harvard Maintenance, ISS Facility Services, Inc., Jani-King International Inc., Jan-Pro Systems International, Mitie Group plc., Pritchard Industries Inc., Sodexo Group, Stanley Steemer International Inc., Steamatic Inc., Terminix International Company Limited, The Clean Space, The ServiceMaster Company, LLC, Vanguard Cleaning Systems Inc.
The growing demand for outsourcing non-core services across industries has been a major driver of growth for the contract cleaning services market. Various organizations are increasingly focusing on their core business operations and outsourcing support functions like cleaning to specialized third-party service providers. This enablescost savings and improved service quality.
Geographically, the contract cleaning services market has witnessed increased growth in the Asia Pacific region driven by infrastructure growth, rising healthcare and hospitality sectors and emergence of new cleaning service companies. Many global players are also expanding into developing nations in Asia and Latin America to leverage low-cost operations and growing demand from these markets.
Market Key Trends
One of the key trends in the Contract Cleaning Services Market Demand has been the increased adoption of green and sustainable cleaning products, practices and technologies. Several service providers have introduced environment-friendly cleaning solutions involving biodegradable chemicals, reduced-water cleaning methods and other green initiatives. This is helping boost their market credibility while also meeting the growing consumer demand for eco-friendly options.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the contract cleaning services market is low as it requires high initial capital investments and an existing customer base to gain foothold.
Bargaining power of buyers: The bargaining power of buyers is high due to availability of multiple existing players and introduction of new entrants regularly.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for raw materials and resources used in cleaning services.
Threat of new substitutes: The threat of substitutes is low as there are limited alternatives for professional contract cleaning services.
Competitive rivalry: The competitive rivalry in the market is high due to presence of many national and international players.
Geographical Regions
North America region dominated the global contract cleaning services market in terms of value in 2024. Presence of many multinational facility management companies and organized commercial real estate sector have contributed to its large market share.
Asia Pacific region is expected to witness the fastest growth during the forecast period. Increasing commercial construction activities, rising disposable income, growing awareness about benefits of outsourcing cleaning services are some factors driving the demand in the region. Countries like China and India will be the emerging hotspots.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
