Published Date: 12-May-2021
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According to a new report Global Janitorial Services Market, published by KBV research, The Global Janitorial Services Market size is expected to reach $320 billion by 2027, rising at a market growth of 5.4% CAGR during the forecast period.
The residential segment would show a prominent growth rate during the forecast period. The High-Net-Worth Individuals (HNWI’s) are mainly boosting the demand for janitorial service in the residential category. The primary consumers that boost the growth of the janitorial services market are healthcare, retail establishments, and office space. In addition to this, private educational bodies, federal, state, and local government buildings, and not-for-profit organizations become the next biggest consumers in the segment.
The standard cleaning segment procured the maximum revenue share in 2020. The cleaning that the majority of the commercial spaces choose is restroom cleaning, trash removal, carpet cleaning, and dust & detail. The growing number of healthcare facilities, office spaces, and educational institutes are primarily responsible for the demand of this segment.
The Asia Pacific would show a substantial growth rate during the forecast period. The growth of the regional market is set to be boosted by the increasing number of commercial construction activities in emerging countries of the Asia Pacific. 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 market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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