A few words about the future of the industry - prognosis for the next 10 years
What is the situation on the cleaning services market? What is the future of the industry?
Despite the difficult economic situation caused by the coronavirus pandemic, the cleaning industry is growing and will continue to grow even more rapidly over the coming years. This is the forecast made by the researchers from Allied Market Research in their report "Cleaning Services Market by Type, End-User, and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030."
The numbers do not lie
The global cleaning services market was estimated to be worth USD 55 billion in 2020. The market value is forecast to double in 2030 to as much as USD 111.5 billion. In this situation, the cumulative annual growth rate will be as high as 6.5%.
The cleaning industry is characterised by high fragmentation, which is visible, among other things, in the number of cleaning services available on the market. According to the report, in both 2020 and 2030 floor cleaning services will dominate. The global sector for these services is valued at nearly USD 12.5 billion, with a projected value of just under USD 23 billion. The smallest sector of the industry is carpet and upholstered furniture cleaning services. However, it stands out as having the highest projected growth rate of all the cleaning industry branches.
Where does this growth come from?
The economic growth of the cleaning industry is influenced by many different factors. One of them is the improvement of working conditions. Employers pay more attention to the hygiene of workplaces and the general well-being of employees. The increasing abandonment of the model where only one household member provides income has also influenced the growth of the cleaning market. The market situation is impacted by the coronavirus pandemic, which has contributed to e.g. an increase in the frequency of disinfection and technological developments across the industry.
Compiled on the basis of: "Cleaning Services Market by Type, End-User, and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030," Allied Market Research