LONDON–(BUSINESS WIRE)–Oct 20, 2020–
Technavio has been monitoring the contract cleaning services market and it is poised to grow by USD 90.01 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Contract Cleaning Services Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19
Frequently Asked Questions:
- What are the major trends in the market?
Adoption of green cleaning products is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.76% and the incremental growth of the market is anticipated to be $ 90.01 bn. - Who are the top players in the market?
ABM Industries Inc., Anago Cleaning Systems Inc., Atlas FM Ltd., Cleaning Services Group, Inc., EXTRA CLEAN, ISS AS, Jani-King International Inc., ServiceMaster Global Holdings, Inc., Sodexo Group, and The JPM Group of Companies Ltd., are some of the major market participants. - What is the key market driver?
The rising awareness about workplace wellness is one of the major factors driving the market. - How big is the North America market?
The North America region will contribute 32% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABM Industries Inc., Anago Cleaning Systems Inc., Atlas FM Ltd., Cleaning Services Group, Inc., EXTRA CLEAN, ISS AS, Jani-King International Inc., ServiceMaster Global Holdings, Inc., Sodexo Group, and The JPM Group of Companies Ltd. are some of the major market participants. The rising awareness about workplace wellness will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Contract Cleaning Services Market 2020-2024: Segmentation
Contract Cleaning Services Market is segmented as below:
- End-user
- Commercial
- Industrial
- Residential
- Geography
- North America
- Europe
- APAC
- South America
- MEA
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Contract Cleaning Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The contract cleaning services market report covers the following areas:
- Contract Cleaning Services Market Size
- Contract Cleaning Services Market Trends
- Contract Cleaning Services Market Industry Analysis
This study identifies the adoption of green cleaning products as one of the prime reasons driving the contract cleaning services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Contract Cleaning Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist contract cleaning services market growth during the next five years
- Estimation of the contract cleaning services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the contract cleaning services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of contract cleaning services market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market segmentation analysis
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Commercial – Market size and forecast 2019-2024
- Industrial – Market size and forecast 2019-2024
- Residential – Market size and forecast 2019-2024
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Adoption of green cleaning products
- Visibility with regard to product ingredients
- Development of advanced products
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ABM Industries Inc.
- Anago Cleaning Systems Inc.
- Atlas FM Ltd.
- Cleaning Services Group, Inc.
- EXTRA CLEAN
- ISS AS
- Jani-King International Inc.
- ServiceMaster Global Holdings, Inc.
- Sodexo Group
- The JPM Group of Companies Ltd.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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KEYWORD:
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER MANUFACTURING BUILDING SYSTEMS CONSUMER OTHER CONSTRUCTION & PROPERTY INTERIOR DESIGN OTHER CONSUMER MANUFACTURING
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 10/20/2020 08:00 PM/DISC: 10/20/2020 08:01 PM
