US Contract Cleaning Service Revenues to Grow 3.3% Yearly in Nominal Terms to 2023

Gains in Building Space and Incomes Will Support Increases

News provided by

Mar 01, 2019, 09:50 ET

CLEVELAND, March 1, 2019 /PRNewswire/ -- US revenues for contract cleaning services are forecast to expand 3.3% annually in nominal terms through 2023, according to Contract Cleaning Services: United States, a report recently released by Freedonia Focus Reports. Providers are expected to benefit from continued growth in residential and nonresidential building space, the number of business establishments, and consumer incomes and spending. However, while the high level of price competition in the industry helps keep these services affordable, it also restrains revenues. In addition, the tight labor market in the US and rising minimum wages in some states and municipalities presents a challenge to the industry in terms of recruiting and retaining quality workers and limiting increases in the cost of services.

More information about the report is available at:
https://www.freedoniafocusreports.com/Contract-Cleaning-Services-United-States-FF95021/

Revenue growth for interior building cleaning services – by far the largest segment – will account for the bulk of value gains through 2023. In the leading nonresidential market, increases in business establishments and nonresidential floor space will spur advances. Outsourcing as a means of reducing operating costs will continue to support the use of contract interior cleaning services.

These and other key insights are featured in Contract Cleaning Services: United States. This report forecasts to 2023 US contract cleaning service revenues in nominal US dollars. Total revenues are segmented by service type in terms of:

interior
swimming pool
carpet and upholstery
exterior
restoration and remediation
other contract cleaning services such as chimney, drain, and gutter cleaning; ventilation duct and hood cleaning; and snow plowing of driveways and parking lots

Total demand is also segmented by market as follows:

nonresidential
residential
transportation and other markets such as amusement parks, public venues, and stadiums

To illustrate historical trends, total revenues, the various segments, the number of employer firms, employer establishments, employment, and nonemployer establishments are provided in annual series from 2008 to 2018.

This report represents the revenues of employer and nonemployer firms. Excluded from the scope of this report are services conducted by an in-house staff and other building maintenance services such as landscaping, pest control, and security.

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including: