The production value of cleaning services in Estonia has shown a marked growth from 116.8 million Euros in 2013 to 230.9 million Euros by 2023. There were particularly strong increases in the mid-2010s, with annual growth rates peaking around 11-12%. The sector faced a minor contraction in 2020 due to external economic pressures but rebounded in the subsequent years. By 2023, the industry had achieved a value of 230.9 million Euros, although the growth rate had decelerated to a CAGR of 3.17% over the past five years.
Looking at the future, forecasts from 2024 to 2028 predict a consistent yet moderate annual growth rate, averaging a CAGR of 2.53%, leading to an estimated production value of 270.7 million Euros by 2028. The overall growth rate over this forecast period is projected at 13.31%.
Future trends to watch for include:
- Technological advancements and automation in cleaning services.
- Increased demand for eco-friendly and sustainable cleaning products and practices.
- Potential impact of economic fluctuations on budget allocations for commercial cleaning services.
- Market consolidation and the advent of new business models in the sector.
