Market revenue in 2023 | USD 53,979.8 million |
Market revenue in 2030 | USD 79,155.2 million |
Growth rate | 5.6% (CAGR from 2023 to 2030) |
Largest segment | Standard cleaning |
Fastest growing segment | Exterior Window Cleaning |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Standard Cleaning, Damage Restoration Cleaning, Exterior Window Cleaning, Floor Care Services |
Key market players worldwide | International Business Machines Corp, Stanley Steemer, AEON Fantasy Co Ltd, MITIE Group PLC ADR, ServiceMaster, Coverall, Jani King, ISS A/S ADR, Wisag |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to janitorial service market will help companies and investors design strategic landscapes.
Standard cleaning was the largest segment with a revenue share of 63.04% in 2023. Horizon Databook has segmented the Asia Pacific janitorial service market based on standard cleaning, damage restoration cleaning, exterior window cleaning, floor care services covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Economic Times, the Indian residential market is poised for growth in 2024, anticipating a 10-15% increase in sales, surpassing 300,000 units. Despite potential disruptions from general elections, a robust supply pipeline and developers expanding into new markets are key factors driving the demand for janitorial service.
While temporary labor shortages due to elections are considered, builders have prepared for potential delays, maintaining an overall positive sentiment in the housing market. The surge in luxury housing projects further contributes to the demand for janitorial service in India.
As the real estate sector thrives, the demand for ancillary services, including janitorial service, is expected to rise, aligning with the expanding residential landscape and the need for maintenance and cleanliness in these new developments in Asia Pacific.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific janitorial service market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific janitorial service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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