Portland, OR -- (SBWIRE) -- 02/21/2018 -- Cleaning Services Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $74,299 million by 2022, registering a CAGR of 6.2% during the forecast period 2016-2022.Cleaning services market trends are expected to be progressive over the next few years. Asia-Pacific is expected to grow at the fastest pace during the forecast period and account for around 30% of the overall cleaning services market revenue by 2022. The growth is primarily driven by the upsurge in demand from China, Japan, and India.

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Growth in number of dual income households, increased disposable income and rise in construction activities stimulate the growth of cleaning services market. However, intense competition among small and established players, to expand their market presence, is a major challenge for leading market players. Increase in number of working women and investment in real estate is expected to offer attractive opportunities for the growth of cleaning services market.

The cleaning services market is segmented by service type into commercial cleaning services (window cleaning, vacuuming, floor care, and other services such as kit cleaning and dusting) and residential cleaning services (maid services, carpet & upholstery, and other services such as polishing, vehicle cleaning, & appliances cleaning). Commercial cleaning services accounted for the highest revenue of $37,217 million in the overall cleaning services market size in 2015, owing to huge demand of construction & post-construction cleaning services. Construction industries require cleaning services primarily for debris cleaning and pressure washing. Residential cleaning services segment is anticipated to witness faster during the forecast period, owing to its growing popularity among dual income households.

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Among the different cleaning services within the commercial segment, floor care accounted for the maximum revenue in 2015. Popularity of floor care services has increased in the global market, owing to increased demand from various commercial sectors such as schools, hospitals, and large retail sectors. Vacuuming cleaning services is anticipated to witness the fastest growth, with a CAGR of 6.2% during the forecast period, owing to its increased demand for dust cleaning from various commercial sectors such as stadium and event venues.

CLEANING SERVICES MARKET KEY SEGMENTATION

BY TYPE

-Commercial cleaning services
-Window Cleaning
-Vacuuming
-Floor Care
-Other Services (Including Kit Cleaning and Dusting)
-Residential cleaning services
-Maid Services
-Carpet & Upholstery
-Other Services (Including Polishing and Other Services)