Cleaning Services Market to Top $276B by 2028January 20, 2023
The international cleaning services market will reach US$276 billion by 2028, up from $168.3 billion in 2023, a compound annual grown rate (CAGR) of 6.5%, according to projections in a report from SkyQuest Technology Consulting Pvt. Ltd.
The global market research firm’s report predicted the growth to be led by rising consumer concerns for sustainability, workplace hygiene, and employee well-being as well as an increase in both residential and commercial building construction.
According to SkyQuest’s report, the rising demand will lead to 5% year-on-year employment annually. The commercial cleaning segment is expected to experience the fastest growth rate, reaching a 58% market share by 2028. Geographically, Europe and Asia Pacific are predicted to grow at the highest rates from 2022 to 2028, with respective CAGRs of 8.1% and 7.4%.