The janitorial services market is set for substantial growth, projected to rise from $321.13 billion in 2023 to $348.16 billion in 2024, reflecting a CAGR of 8.4%. This growth is fueled by commercial real estate development and heightened public hygiene awareness. By 2028, the market is expected to reach $476.13 billion, with a CAGR of 8.1%. Growth drivers include a focus on green cleaning practices and specialized cleaning services. Major trends expected in the forecast period include technological integration and advancements in cleaning equipment.
Major Driver In The Janitorial Services Market
The janitorial service market is anticipated to witness growth propelled by the growing demand in the real estate industry. Janitorial services play a crucial role in ensuring that construction areas are free of grime, dust, and unpleasant odors, addressing issues such as smeared appliances, damaged carpets, and discolored surfaces to prepare homes for inspection. According to the National Association of Realtors in November 2022, 5.64 million pre-existing dwellings and 822,000 newly built homes were sold in 2020, with realtors' median gross income increasing from $43,330 in 2020 to $54,330 in 2021. The increasing demand in the real estate sector is a key driver behind the growth of the janitorial service market.
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Janitorial Services Market Competitive Landscape
APS Janitorial Services Inc., Sodexo Inc., Cox & Company Inc., Aramark Corporation, International Service System (ISS A/S), Cintas Corporation, ABM Industries Inc., American Building Maintenance Inc., Clean Harbors Inc., Mitie Group plc, Aeon Delight Co Ltd., ServiceMaster Global Holdings Inc., Covanta Holding Corporation, Red Coats Inc., Jan-Pro International, CNS Consorzio Nazionale Servizi Soc. Corp, Coverall North America Inc., Pritchard Industries Inc., Vanguard Cleaning Systems, Stanley Steemer International Inc., OpenWorks, CleanNet USA, Jani-King International Inc., BSC Group, Anago Cleaning Systems, WISAG Facility Service Holding GmbH, Bonus Building Care, Chem-Dry, UGL Unicco Services, Anaheim Janitorial Services Inc.
Key Janitorial Services Market Trend
Technological advancements are a key trend gaining popularity in the janitorial service market. Companies operating in the janitorial service market are introducing new technologies to develop their business in the market. For instance, in June 2022, Ecovacs Robotics, a China-based technology company launched a new AI-powered DEEBOT T10 robotic vacuum cleaner. This new DEEBOT includes next-generation technologies, such as AIVI 3.0 Upgraded AI-based object recognition and avoidance technology. This improves object single-frame recognition accuracy by 20% and the object single-frame recognition speed by 20 times to identify and avoid objects on the floor. It has a starlight camera installed that can detect and avoid objects on the floor, saving the hassle of having to clean them first, in order to deliver a pristine cleaning experience that is extra careful with the property, it incorporates artificial intelligence and visual interpretation.
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Janitorial Services Market Segmentation
The janitorial services market covered in this report is segmented –
1) By Type: Indoor Cleaning Service, Outdoor Cleaning Service
2) By Application: Residential, Commercial
By Geography:The regions covered in the janitorial services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the janitorial service market in 2023.
The Janitorial Services Global Market Report 2024 furnishes information about the global janitorial services market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
