About this market
Technavio's contract cleaning services market analysis considers sales from commercial, industrial, and residential end-users. Our study also finds the sales of contract cleaning services in APAC, Europe, North America, South America, and MEA. In 2018, the commercial segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for cleaning services from commercial office buildings and healthcare organizations will play a significant role in the commercial segment to maintain its market position. Also, our global contract cleaning services market report looks at factors such as an increase in number of residential buildings, rising awareness about workplace wellness and sustainability, and the growing number of office spaces. However, low penetration rate in developing economies, slowdown in industrial sector growth, and fragmented nature of the market may hamper the growth of the contract cleaning services industry over the forecast period.
Overview
Rising awareness about workplace wellness and sustainability
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. This rising awareness about workplace wellness and sustainability will lead to the expansion of the global contract cleaning services market at a CAGR of almost 5% during the forecast period.
Adoption of green cleaning products
The adoption of green cleaning products is identified as one of the critical 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. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global contract cleaning services market during the forecast period 2020-2024, view our report.
Competitive Landscape
With the presence of several major players, the global contract cleaning services market is highly fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading contract cleaning services manufacturers, that include 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.
Also, the contract cleaning services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
TABLE OF CONTENTS
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
