Contract Cleaning Services Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The contract cleaning services market share is expected to reach an estimated USD 151.27 billion by 2026 at an accelerating CAGR of 6.85%.

This contract 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 contract cleaning services market segmentation by:

• End-user - Commercial, Industrial, and Residential
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

The contract cleaning services market report also offers information on several market vendors, including ABM Industries Inc., AIS Contract Cleaners Ltd., Anago Cleaning Systems Inc., Atlas Facilities Management Ltd., BELFOR Holdings Inc., BONUS Building Care, Cleaning Services Group Inc., Crest Licensing Systems Ltd., Eco Group, Ecoserv Group, Extra Clean Inc., Harvard Service Group, ISS AS, Jani King International Inc., Nugent Contract Cleaning, OCS Group Ltd., Pritchard Industries Inc., Roark Capital Management LLC, Sodexo SA, and Stratus Building Solutions among others.

What will the Contract Cleaning Services Market Size be During the Forecast Period?

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Contract Cleaning Services Market: Key Drivers, Trends, and Challenges

The increase in the number of residential buildings is notably driving the contract cleaning services market growth, although factors such as the low penetration rate in developing economies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the contract 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 Contract Cleaning Services Market Driver

• One of the key factors driving growth in the contract cleaning services market is the increase in the number of residential buildings.
• The growing disposable income, rapid industrialization, increasing urbanization, and the progressive rise in investments are fueling the growth of new residential construction activities.
• The major factors leading to the rising demand for contract cleaning services is the increasing inclination among consumers to keep their houses clean, free from dirt, grime, allergens, and malodors.
• The rising household incomes, favorable demographics, and shifting consumer preferences due to the continuing option for remote work will lead to the increased demand for affordable housing in the US. 
• The low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for affordable housing. This, in turn, will drive the market for contract cleaning services during the forecast period.

Key Contract Cleaning Services Market Trend

• The adoption of green cleaning products is a contract cleaning services market trend that is expected to have a positive impact in the coming years.
• Some of the cleaning products available in the market contain chemicals, such as hormone disruptors, carcinogens, and allergens, repeated exposure to which may result in respiratory disorders, depression, and allergies.
• The increasing awareness of the benefits of green and eco-friendly products among commercial and industrial users has encouraged vendors to offer green and sustainable cleaning agents.
• Green cleaning products refer to cleaning agents and methods that do not release harmful aerosols or wastes, which can be detrimental to users and the environment.
• Green cleaning services are cost-effective as they save resources, they do not lead to environmental pollution, and they are also safe to use since green products do not involve toxic chemicals or corrosive materials.
• The increasing adoption of green and sustainable cleaning methods and products will have a positive impact on the global contract cleaning services market.

Key Contract Cleaning Services Market Challenge

• The low penetration rate in developing economy will be a major challenge for the contract cleaning services market during the forecast period.
• The low awareness rate among consumers in developing economies about the existence of such services is one of the reasons for the low penetration rate.
• Factors such as the high prices of such services, the lack of trained professionals, and limited availability also hinder the adoption of contract cleaning services in developing countries across South America, MEA, and APAC.
• The easy availability of low-cost domestic labor in developing countries is a major challenge for the global contract cleaning services market.
• In regions such as Africa, consumers have a low propensity to spend on premium services, such as contract cleaning, owing to the slow economic growth.
• Thus, the low penetration rate in developing countries can impede the growth of the global contract cleaning services market.

This contract 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global contract cleaning services market as a part of the global specialized consumer services market within the global diversified consumer services market. 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 contract cleaning services market during the forecast period.

Who are the Major Contract Cleaning Services Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• ABM Industries Inc.
• AIS Contract Cleaners Ltd.
• Anago Cleaning Systems Inc.
• Atlas Facilities Management Ltd.
• BELFOR Holdings Inc.
• BONUS Building Care
• Cleaning Services Group Inc.
• Crest Licensing Systems Ltd.
• Eco Group
• Ecoserv Group
• Extra Clean Inc.
• Harvard Service Group
• ISS AS
• Jani King International Inc.
• Nugent Contract Cleaning
• OCS Group Ltd.
• Pritchard Industries Inc.
• Roark Capital Management LLC
• Sodexo SA
• Stratus Building Solutions

This statistical study of the contract cleaning services market encompasses successful business strategies deployed by the key vendors. The contract cleaning services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• abm.com - The company offers contract cleaning services to protect a facility's assets, enhance employee productivity, and keep customers coming back.

• abm.com - Under the business and industry segment, the company offers janitorial facilities, engineering and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities.

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 contract 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.

Contract Cleaning Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the contract cleaning services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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.

Which are the Key Regions for Contract Cleaning Services Market?

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34% of the market's growth will originate from North America during the forecast period. The US is the key market for contract cleaning services in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and South American regions.

The unprecedented rise in construction activities, surge in the number of dual-income households, and the proliferation of advanced cleaning services offered by vendors will facilitate the contract 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

In 2020, the contract cleaning services market in North America faced certain challenges due to the outbreak of the COVID-19 pandemic. The US was the worst-hit country by the pandemic in North America and globally. However, governments in the region announced financial support for various industries to help them recover from the impact of the COVID-19 pandemic. The demand for contract cleaning services rebounded from commercial and industrial end-users. Similarly, the reopening of hospitality establishments as well as other end-users is expected to drive the growth of the contract cleaning services market in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Contract Cleaning Services Market?

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The contract cleaning services market share growth by the commercial segment will be significant during the forecast period. The commercial segment is expected to experience the highest growth rate during the forecast period. This is due to the increasing demand for cleaning services from commercial office buildings and healthcare organizations, especially in APAC. The contribution from the healthcare end-user segment is expected to be high during the forecast period, owing to mandatory government standards for clean healthcare establishments.

This report provides an accurate prediction of the contribution of all the segments to the growth of the contract cleaning services market size and actionable market insights on post COVID-19 impact on each segment.

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Industrial Cleaning Services market - The market share is projected to increase by USD 5.00 billion from 2021 to 2026 at an accelerating CAGR of 5.49%.

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What are the Key Data Covered in this Contract Cleaning Services Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive contract cleaning services market growth during the next five years
• Precise estimation of the contract cleaning services market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the contract cleaning services industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of contract cleaning services market vendors

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