The global janitorial service market size is anticipated to reach USD 322.95 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.1% from 2020 to 2027. The growing commercial sector and reduction in office vacancy rates are acting as major drivers for the market. Increasing the reach of international companies in developing countries is also creating demand for janitorial services.
As
per the CBRE MarketFlash report, the vacancy rate in the U.S. in quarter 1 of
2018 was 13% and in 2020, it was 12.3%, resulting in a decline in the vacancy
rate. Moreover, the vacancy rate in quarter 1 of 2010 was over 17%. This
aforementioned factor is acting as a major driver for the rise in demand for
janitorial services.
Consumers
prefer outsourcing janitorial services owing to cost-effectiveness and ease of
management. According to the ‘Cleaning Costs and Frequencies Report’ published
by Contracting Profits, Facility Cleaning Decisions, and BSCAI, 65% of
multi-tenant offices, 80% of K-12 schools, 85% of colleges/universities, and
90% of hospitals all have floors mopped daily or multiple times a day. This
aforementioned factor is driving demand for janitorial services.
In
terms of application, the commercial segment held the largest share of 90.3% in
2019. The growing commercial sector, coupled with rising workplace wellness, is
acting as a driver for higher demand in the commercial sector. Increasing
demand from office spaces, commercial complex, healthcare institutes, coupled
with educational institutes, federal, state, and local government buildings,
and not-for-profit organizations, is fueling the growth of the commercial
segment.
In
Japan, the prime Grade A office market in Tokyo was highly active in 2018 owing
to increasing demand from corporates on expectations for the country’s monetary
policy to remain accommodative following the upcoming election. The proportion
of high-tech companies in Grade A office had increased from 4% in 2013 to 16%
in 2018. In order to maintain the office premises and get this done at a
minimum time limit, consumers prefer skillful janitorial services.
The
standard cleaning segment dominated the market with a revenue-based share of
60.9% in 2019. Every operating workplace, factory, institute, retail
establishment, and commercial center opt for standard cleaning. Services in
standard cleaning include trash removal, dust and detail, restroom cleaning,
and carpet cleaning.
North
America dominated the market with a revenue-based share of 27.8% in 2019. The
presence of leading corporates and international companies and the growing
trend of green product consumption are fueling the demand in the region.
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Janitorial Service
Market Report Highlights
- The commercial
application segment held the largest share of 90.3% in 2019
- By end-use,
the standard cleaning segment was valued at USD 154.02 billion in 2019
- Asia Pacific
is expected to witness the fastest growth over the forecast period with a
revenue-based CAGR of 4.3% from 2020 to 2027.
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Janitorial Service
Market Segmentation
Grand View Research has
segmented the global janitorial service market by application, end-use, and
region:
Janitorial Service
Application Outlook (Revenue, USD Billion, 2016 - 2027)
- Residential
- Commercial
Janitorial Service
End-use Outlook (Revenue, USD Billion, 2016 - 2027)
- Standard Cleaning
- Damage Restoration Cleaning
- Exterior Window Cleaning
- Floor Care Services
- Others
Janitorial Service
Regional Outlook (Revenue, USD Billion, 2016 - 2027)
- North America
- The U.S.
- Europe
- Germany
- The U.K.
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- UAE
List of Key
Players of Janitorial Service Market
- ABM Industries Inc.
- ServiceMaster Global Holdings, Inc.
- Coverall North America, Inc.
- Jani-King International, Inc.
- Stanley Steemer International, Inc.
- Aeon Delight Co., Ltd.
- CNS Consorzio Nazionale Servizi Soc. Coop.
- ISS World Services A/S
- Mitie Group plc
- WISAG Facility Service Holding GmbH
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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