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Janitorial Services in the US - Industry Market Research Report

Janitorial Services in the US - Industry Market Research Report

  • May 2018
  • 32 pages
  • ID: 199122

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Clean sweep: Increasing demand from businesses and households will strengthen revenue

Abstract

Janitorial Services in the US
The Janitorial Services industry has grown over the five years to 2018. Demand for commercial cleaning services, the industry’s primary product segment, increased over the past five years, as rising corporate profit led to an increase in business cleaning expenditure. Additionally, declining office vacancy rates, increasing nonresidential construction activity and growth in the number of businesses over the past five years broadened operators’ potential client base, as more office and retail space naturally increased demand for janitorial services. Furthermore, strong revenue expansion has encouraged many sole proprietors and small-business owners to enter this industry as it has relatively few barriers to entry. While increasing demand for industry services has led to price growth for residential and commercial cleaning contracts during this period, rising competition, driven by growth in the number of janitorial services companies, may create pricing pressures and temper industry profit growth in the future. Over the next five years, a robust economy will lift demand for cleaning services from businesses and households. The rate of nonresidential construction will also rise, further driving demand by increasing the potential client base.

Operators in this industry clean building interiors, the inner parts of transportation equipment (e.g. aircraft, railcars and ships) and windows. Industry activities include contract cleaning services for factories, retail outlets, shopping centers and malls, business and government offices, trains and airlines and house-cleaning services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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