Latin America Janitorial Service Market Size & Outlook
Latin America janitorial service market, 2018-2030 (US$M)
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Latin America janitorial service market highlights
- The Latin America janitorial service market generated a revenue of USD 37,521.3 million in 2023.
- The market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, standard cleaning was the largest revenue generating end use in 2023.
- Exterior Window Cleaning is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 37,521.3 million |
| Market revenue in 2030 | USD 47,230.4 million |
| Growth rate | 3.3% (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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 13.4% of the global janitorial service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 79,155.2 million by 2030.
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Janitorial Service Market Scope
Janitorial Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America janitorial service market outlook
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 63.36% in 2023. Horizon Databook has segmented the Latin America 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.
A study by the Inter-American Development Bank (IDB) published in February 2023 highlighted construction, agribusiness, and tourism as key industries driving job creation and economic growth in Central America, Mexico, Panama, and the Dominican Republic.
This ongoing development is expected to increase the demand for various janitorial service in the region, as these industries require clean and well-maintained facilities. As these sectors expand with international players looking to strengthen their reach in the region, there will likely be a greater need for professional cleaning services to ensure hygiene and safety standards are met, presenting an opportunity for growth in the janitorial service market.
For instance, in August 2023, California-based real-estate brokerage and franchising company Realty ONE Group expanded its presence in Central and South America by moving into Belize. With Belize becoming the 17th country where the brand operates and the fifth expansion in 2023 alone, the company is showcasing its commitment to broadening its presence in the region.
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Our clientele includes a mix of janitorial service market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America janitorial service market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America janitorial service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America janitorial service market size, by country, 2018-2030 (US$M)
Latin America Janitorial Service Market Outlook Share, 2023 & 2030 (US$M)
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