Cleaning Services Market to Reach $111.49 Bn, Globally, by 2030 at 6.5% CAGR: Allied Market Research – PR Newswire UK

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13 Jan, 2022, 13:00 GMT
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Rise in online presence of service providers and surge in demand among commercial consumers fuel the growth of the global cleaning services market.
PORTLAND, Ore., Jan. 13, 2022 /PRNewswire/ — Allied Market Research published a report, titled, "Cleaning Services Market by Type (Window Cleaning, Vacuuming, Floor Care, Maid Services, Carpet & Upholstery, and Other Services), and End Use (Commercial and Residential: Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global cleaning services industry garnered $55.71 billion in 2020, and is expected to generate $111.49 billion by 2030, registering a CAGR of 6.5% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Rise in online presence of service providers and surge in demand among commercial consumers fuel the growth of the global cleaning services market. However, surged competition and entry of new players restrain the market growth. Contrarily, demand for construction and post-construction cleaning services create new opportunities in the next few years.
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Covid-19 Scenario
The floor care segment to continue its dominant share during the forecast period
Based on type, the floor care segment contributed to the highest market share in 2020, holding more than one-fifths of the global cleaning services market, and is expected to continue its dominant share during the forecast period. This is attributed to increase in demand for high-end cleaning products andsurge in adoption of cleanliness practices in office and home premises. However, the maid services segment is estimated to witness the largest CAGR of 7.2% from 2021 to 2030, owing to increase in the sales volumes of home décor items such as carpets, rugs, furniture, and others.
The commercial segment to maintain its leadership status during the forecast period
Based on end user, the commercial segment held the largest share in 2020, accounting for more than two-fifths of the global cleaning services market, and is expected to maintain its leadership status during the forecast period. This is due to increase in number of commercial spaces such as hospitals, offices, clubs and others. However, the residential segment is projected to manifest the fastest CAGR of 4.5% from 2021 to 2030, owing to surge in awareness about diseases spread due to lack of cleanliness among house owners.
North America to maintain its lead position by 2030
Based on region, North America accounted for the highest market share in terms of revenue in 2020, contributing to nearly one-third of the global cleaning services market, and is projected to maintain its lead position by 2030. This is due to the highly developed distribution channels that lead to large number of sales of consumer goods in the region. However, Asia-Pacific is estimated to portray the fastest CAGR of 7.4% from 2021 to 2030, owing to improved infrastructure and convenience in setting up new businesses.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research
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