Global Home Cleaning Market on the RiseFebruary 23, 2022
The global home cleaning market will reach US$10 billion by 2026 from $5.6 billion in 2020, a compound annual growth rate (CAGR) of 9.6%, according to projections in a recent report.
The report found market growth is driven by the increasing number of households with dual incomes. Allergies and other health concerns remain primary drivers behind rising demand for home cleaning services and play an important role in increasing the uptake of natural, green cleaning solutions.
According to the study, the continuous expansion of the commercial real estate sector also presents massive business opportunities for cleaning service providers, as consumers seek the consistent care and cleaning for their homes that they see commercial properties receive. The report also found that while the U.S. is the leading market for home cleaning at an estimated US$1.5 billion in spending annually, China is forecast to reach an estimated market size of $1.4 Billion by 2026.