Global Demand for Contract Cleaning Services Predicted to RiseMarch 30, 2022
Amid the COVID-19 crisis, the global market for contract cleaning services, estimated at US$251.3 billion in 2020, is projected to reach a revised size of $329.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 4.8% over the analysis period.
According to the report Contract Cleaning Services – Global Market Trajectory & Analytics offered by Research and Markets, the floor and carpet cleaning segment is projected to record a 5% CAGR and reach $110.9 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the window cleaning segment is readjusted to a revised 4.8% CAGR for the next seven-year period.
The contract cleaning services market in the U.S. is estimated at $75.8 billion in the year 2021. China is forecast to reach a projected market size of $66.5 billion by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. The report showed increasing awareness among clients about the benefits of sustainability of their facilities and wellness of their employees is leading to increased demand for contract cleaning services.