According to a recently published report by Research Nester on “Europe Industrial Cleaning Services Market: Global Demand Analysis & Opportunity Outlook 2019-2027” delivers detailed overview of the Europe industrial cleaning services market in terms of market segmentation by type (window cleaning, vacuum cleaning, floor care, maid services, carpet & upholstery and other services); by application (commercial, industrial and residential).
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Europe industrial cleaning service market is segmented by type (window cleaning, vacuum cleaning, floor care, maid services, carpet & upholstery and other services); by application (commercial, industrial and residential).
Cleaning services include a wide range of services required by commercial, industrial and residential sectors. It comprises maid services, window cleaning, floor cleaning, carpet & upholstery cleaning, and other cleaning services, which are used by residential and commercial consumers. These services have gained popularity, owing to factors such as growth in construction activities, investment in real estate, increased disposable income, and growth in number of working women, which have led to progressive cleaning services market trends.
Commercial cleaning services accounted for the highest revenue in the overall cleaning services market size owing to huge demand for construction & post-construction cleaning services. Construction industries require cleaning services primarily for debris cleaning and pressure washing. Residential cleaning services segment is anticipated to witness faster during the forecast period, owing to its growing popularity among dual income households.
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Europe industrial cleaning service market is anticipated to mask a CAGR of 7% during the forecast period i.e. 2019-2027. Among the different cleaning services within the commercial segment, floor care accounted for the maximum revenue. Popularity of floor care services has increased in the European market, owing to increased demand from various commercial sectors such as schools, hospitals, and large retail sectors. Vacuuming cleaning services is anticipated to witness the fastest growth owing to its increased demand for dust cleaning from various commercial sectors such as stadium and event venues. Maid services accounted for the largest market share in the overall residential cleaning services market, while carpet & upholstery segment is expected to exhibit highest growth rate among the different services covered under residential cleaning services segments.
Growth in Demand Among Commercial Consumers
A consistent demand for various commercial cleaning services is noticed among commercial consumers such as retails sectors, public institutions, hospitals, and event & stadiums. Construction and mining are the other sectors which showed huge demand for debris cleaning. A consistent rise in demand for construction activities has been witnessed in the region, attributed to rise in construction of highways, streets, and bridges which has led to increase in demand for equipment refinement.
However, large companies have better foothold in the market by serving customers with multiple locations, whereas small companies compete efficiently in local markets, especially for small businesses and residential customers. The market exhibits high entry barriers, owing to the presence of a large number of players.
This report also provides the existing competitive scenario of some of the key players of the Europe industrial cleaning services market which includes company profiling of ABM Industries Inc., The Service Master Company, LLC, Clean Net, Anago Cleaning Systems, Aramark Corporation, Sodexo, Jani-King Inc., Stanley Steemer International Inc., ChemDry and Pritchard Industries Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Europe industrial cleaning services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Firstly Appeared on Marketwatch: https://www.marketwatch.com/press-release/growth-of-the-europe-industrial-cleaning-service-market-to-be-propelled-by-growing-need-for-personal-and-public-hygiene-and-decontamination-2019-07-26
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