Global Cleaning Services Market To Be Driven By The Rising Innovations In The Forecast Period Of 2020-2025

Consumer Goods and Services

The new report by Expert Market Research titled, ‘Global Cleaning services Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global cleaning services market, assessing the market based on its segments like end-uses and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2015-2025)

• Historical Market Size (2019): USD 57.9 billion
• Forecast CAGR (2020-2025): 6.3%
• Forecast Market Size (2025): USD 83.6 billion

The innovations in automated cleaning services have contributed to the historical growth in the market. This factor, coupled with rapid urbanisation, has boosted the cleaning services market growth. The growth of the healthcare industry has driven the growth of the global cleaning services market. Disposable incomes are expected to rise due to high inflation rates. Therefore, in the forecast period, increased disposable incomes are expected to propel the market, owing to a rise in the residential sector. Further, consistent demand from the retail sector, public institutions, hospitals, stadiums, and theatres owing to COVID-19 is expected to boost the market growth in the forecast period.

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Industry Definition and Major Segments

The global cleaning services market constitutes services such as maid services, window cleaning, floor cleaning, contract cleaning, upholstery cleaning, and so forth, which are in demand from the residential and commercial consumers.

On the basis of end use, the industry is divided into:

• Offices
• Educational Facilities
• Retail Complexes
• Residences
• Government
• Healthcare Facilities
• Industrial Plants
• Others

The regional markets for cleaning services include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

Sustainable cleaning solutions are witnessing an increase in the demand owing to restrictive environment policy. Green cleaning products and procedures with minimal carbon footprint are the upcoming trends in the market. Innovations in cleaning equipment to achieve efficient cleaning sans environment damage are expected to be significant market trend in the forecast period. Such products are efficient in terms of electricity consumed, water consumed, and minimal waste discharge in the environment. Market trends in the forecast period are expected to account for the COVID-19 pandemic and are expected to adapt accordingly. Thus, low contact cleaning services are expected to gain popularity in the coming years.

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Key Market Players

The major players in the market CBRE Group, Inc. (NYSE: CBRE), Sodexo Group (EPA: SW), Jones Lang LaSalle IP, Inc., Compass Group PLC (LON: CPG), Cushman & Wakefield (NYSE: CWK), GSN (ASX: GSN), ADEN (SWX: ADEN), ABM (NYSE: ABM), The ServiceMaster Company LLC, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviors. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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