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The carpet and upholstery cleaning services market share is expected to increase by USD 2.13 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.23%.
This carpet and upholstery cleaning services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers carpet and upholstery cleaning services market segmentation by end-user (commercial and residential) and geography (North America, Europe, APAC, South America, and MEA). The carpet and upholstery cleaning services market report also offers information on several market vendors, including ABM Industries Inc., Anago Cleaning Systems Inc., CleanNet USA Inc., Crest Commercial Cleaning Ltd., DuraClean, Eco Group Services, Jani-King International Inc., Pritchard Industries Inc., ServiceMaster Global Holdings Inc., and Stratus Building Solutions among others.
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The increasing construction activities is notably driving the carpet and upholstery cleaning services market growth, although factors such as fluctuations in labor wages may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the carpet and upholstery cleaning services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Carpet and Upholstery Cleaning Services Market Driver
The growth of the global construction market is driven by developed economies that focus on improving their existing infrastructure. Factors such as low-interest rates, changes in the global economy, and the increase in direct real estate investment from institutional investors are expected to drive the global construction market during the forecast period. The growing global construction market provides tremendous opportunities for vendors operating in the global carpet and upholstery cleaning services market. The increasing adoption of carpet and upholstery cleaning equipment, such as carpet extractors, vacuum cleaners, automatic polishers, and scrubbers, creates further growth opportunities. There is an increasing demand for effective and fast cleaning services in the commercial and residential segments. In line with this, contract cleaning services are gaining traction in these segments. The growing global construction market, therefore, is expected to accelerate the demand for carpet and upholstery cleaning services over the coming years.
Key Carpet and Upholstery Cleaning Services Market Trend
Vendors operating in the global carpet and upholstery cleaning services market are focusing on developing new strategies to gain a competitive advantage and retain their dominant positions. To gain a competitive edge in the market, improve their service offerings, and increase their customer base, manufacturers primarily focus on partnerships. Several partnerships that aim at business expansions through service offerings via new distribution channels are being formed among vendors. Partnerships help contract cleaning service providers and technology providers to maintain their market positions. Therefore, numerous vendors are expected to enter into strategic alliances to gain a competitive edge, which will improve the availability of contract cleaning services in the market. Strategic partnerships, therefore, are likely to support the global contract cleaning services market in the forecast period.
Key Carpet and Upholstery Cleaning Services Market Challenge
Continuous fluctuations in labor wages can adversely impact the global carpet and upholstery cleaning services market. Underpayment is a serious challenge that results in low labor efficiency. This makes the training and hiring processes difficult. Various government initiatives have addressed this issue by increasing labor wages. However, this will have a negative impact on the market since labor wages account for a majority of the cost of contract cleaning services. The temporary nature of employment under fixed-term contracts and a lack of benefits create conflicts between employees and the company. Thus, fluctuations in labor wages will directly impact the revenues generated by vendors. Therefore, an increase in labor wages due to government policies to ensure employee welfare will have a negative impact on carpet and upholstery cleaning service providers.
This carpet and upholstery cleaning services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The growth of the global household products market will be driven by factors such as an increase in disposable income, an increase in online sales, innovation, and new product launches. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the carpet and upholstery cleaning services market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the carpet and upholstery cleaning services market encompasses successful business strategies deployed by the key vendors. The carpet and upholstery cleaning services market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The carpet and upholstery cleaning services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the carpet and upholstery cleaning services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the household products market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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46% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for carpet and upholstery cleaning services in North America. Market growth in this region will be faster than the growth of the market in Europe.
The increasing construction activities, high disposable income, and the emergence of new business establishments will facilitate the carpet and upholstery cleaning services market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 compelled people to stay in their homes during the lockdowns implemented in the region during 2020. It also led most people to work from home. As people have been spending more time cleaning their homes, the use of cleaning services such as carpet and upholstery cleaning services witnessed rapid growth in 2020, which positively impacted the demand for carpet cleaners and surface cleaners in the region. The trend is expected to continue during the forecast period. Moreover, with the lifting of lockdown restrictions in the first half of 2021, manufacturing units have resumed their operations to full production capacity. This will drive the growth of the market in focus during the forecast period.
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The carpet and upholstery cleaning services market share growth by the commercial segment will be significant during the forecast period. The growth of this segment can be attributed to the increasing demand for cleaning services from offices, classrooms, movie theaters, hospitals, airports, restaurants, and shops. Daily footfall in the commercial segment is much higher than in the residential segment, which leads to the accumulation of dirt, bacteria, and allergens. Hence, the demand for frequent cleaning services on a daily, weekly, and monthly basis from a range of industries in the commercial segment will continue to increase.
This report provides an accurate prediction of the contribution of all the segments to the growth of the carpet and upholstery cleaning services market size and actionable market insights on post COVID-19 impact on each segment.
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Carpet Cleaning Products market - The market size has the potential to grow by USD 335.55 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
Carpet and Upholstery Cleaning Services Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.23% |
Market growth 2021-2025 |
$ 2.13 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.90 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 46% |
Key consumer countries |
US, China, Germany, India, Canada, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ABM Industries Inc., Anago Cleaning Systems Inc., Atalian Servest Group Ltd., BELFOR Holdings Inc., Cleaning Services Group Inc., CleanNet USA Inc., Compass Group Plc, Crest Commercial Cleaning Ltd., DuraClean, Eco Group Services, ISS AS, Jani-King International Inc., Jan-Pro Franchising Inc., Johns Lyng Group Ltd., Pritchard Industries Inc., Red Coats Inc., ServiceMaster Global Holdings Inc., Stratus Building Solutions, Urban Co., and Vanguard Cleaning Systems, Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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