New York, USA, April 05, 2022 (GLOBE NEWSWIRE) — A new report on the global cleaning services market has been added by Research Dive to its repository. According to the report, the global market is expected to hit $462,476.8 million by 2028, rising at a CAGR of 11.5% from 2021 to 2028. This report in an in-depth study offering meticulous insights into the present situation and future scope of the global industry. The report is drafted by expert market analysts and assures to be a reliable source of data and comprehensive market insights for new market players, investors, prevalent players, stakeholders, shareholders, etc.
Factors Impacting the Cleaning services Market Growth:
Growing awareness regarding the need and significance of clean environment among people is rising the demand for cleaning services, which is the key factor fuelling the growth of the global cleaning services market. Additionally, the rising construction of various buildings, offices, and commercial spaces that require frequent vacuuming, floor cleaning, and cleaning of electronic devices is projected to bring in lucrative growth opportunities for the market in the forecast period. However, entry of various new cleaning service providers is projected to hamper the growth of the market.
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Impact of COVID-19 Pandemic on the Cleaning services Market:
The abrupt rise of the COVID-19 pandemic in 2020 has had a mild impact on the growth of the global cleaning services market. In the pandemic period, people started being more conscious about their health and wellbeing to avoid getting infected with the deadly virus, which surged the demand for cleaning services worldwide. On the other hand, as many commercial spaces were shut down during pandemic, the necessity of cleaning services declined greatly. This has adversely affected the cleaning services market during the pandemic.
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The report segments the global cleaning services market into type, end user, and region.
Janitorial Cleaning Services Sub-Segment to Experience Remarkable Growth
Among the type segment, the janitorial cleaning services sub-segment is expected to experience highest growth and garner $114,814.2 million during the forecast period. The growth of this sub-segment is mostly because of the rising demand for janitorial cleaning services owing to the existence of numerous small market players who face difficulties in sustaining in the market, and therefore team up with foremost outsourcing companies to offer cleaning services.
Commercial Sub-Segment to Observe Highest Growth
Among the end user segment, the commercial sub-segment is projected to grab leading market share and hit $263,450.5 million during the estimated timeframe. This is mostly because of the increasing demand for cleaning services in the growing number of commercial buildings such as offices and shopping malls.
North America Cleaning Services Market to Observe Leading Growth
The report analyses the global cleaning services market across several regions such as North America, Europe, Asia Pacific, and LAMEA. Among these, the North America region market is expected to lead the market by garnering $173,428.8 million during the estimated timeframe. The growth of this region market is mainly owing to the existence of foremost cleaning service providing companies, such as ABM Industries, in the region.
North America has Leading Growth during the Estimated Timeframe & Avail 10%OFF on [email protected] https://www.researchdive.com/request-for-customization/8571
Major Players in the Cleaning Services Market:
The report lists some of the leading players functioning in the global cleaning services industry including the
- Servicemaster Company, Llc
- Analog Cleaning Systems
- Aramark Corporation
- Jani-King International, Inc.
- ABM Industries Inc.
- Pritchard Industries Inc
- Sodexo, and others.
The report also offers several industry-top tactics and approaches such as top strategic moves & developments, product/service range, business performance, Porter five forces analysis, and SWOT analysis of the foremost players, functioning in the global industry. – Inquire [email protected] https://www.researchdive.com/purchase-enquiry/8571
For instance, in October 2021, PVR Cinemas, a Multiplex chain, introduced a customized cleaning & disinfecting solution for commercial as well as residential sectors under a novel business vertical V-Pristine.
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