The Asia Pacific Janitorial Services Market would witness market growth of 6.7% CAGR during the forecast period (2021-2027). Some of the factors responsible to boost the regional demand for janitorial services include the rising trend of co-working space, increasing in the number of startups, and the growing investment of global companies. The demand for janitorial services is further augmented by the growth in the regional economy and high-scale construction activities in commercial and non-commercial buildings. China and Japan are the two leading nations of the Asia Pacific region that obtain the maximum revenue share of the janitorial services market.
All across Japan, the prime Grade A office market in Tokyo was extremely active in 2018 due to the growing demand from corporate on the basis of monetary policy to stay accommodative following the election. The ratio of high-tech enterprises in the overall Grade A office space had grown from 4% in 2013 to 16% in 2018. The demand for janitorial services is constantly increasing so as to maintain the office premises and accelerate the cleaning process.
The Standard Cleaning market dominated the South Korea Janitorial Services Market by End Use in 2020, thereby, achieving a market value of $4,907.5 Million by 2027, growing at a CAGR of 7 % during the forecast period. The Floor Care Services market is expected to witness a CAGR of 8.5% during (2021 - 2027).
Based on End Use, the market is segmented into Standard Cleaning, Floor Care Services, Damage Restoration Cleaning, Exterior Window Cleaning, and Other End Use. Based on Application, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Janitorial Services Market is Projected to reach USD 320 Billion by 2027, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABM Industries, Inc., Terminix Global Holdings, Inc., Coverall North America, Inc., Jani-King International, Inc., Aeon Delight Co., Ltd., National Service Consortium, ISS Group, Mitie Group PLC, WISAG Facility Service Holding GmbH & Co. KG (Aveco Holding AG), and Stanley Steemer International, Inc.
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