Growth expected for floor cleaning services segment

By 2033, the global market for these products is expected to reach $13.9 billion. According to Fact MR, a provider of market research and competitive intelligence, the global Home Cleaning Services market is rapidly growing and is expected to continue its growth trajectory in the coming years. 

The home cleaning services market is being driven by a combination of demographic, economic, as well as cultural factors. As more people move into cities, the demand for home cleaning services increases. Urban dwellers typically have smaller living spaces, busy lifestyles, and higher disposable incomes, which make them more likely to use cleaning services. Hence, the increased urbanization is one of the major factors that is anticipated to boost the growth of the home cleaning services market over the analysis period. 

As people become increasingly busy with work and other commitments, there is less time available for household chores. This has led to a growing demand for home cleaning services, as people seek to simplify their lives. Thus, busy schedules of people nowadays, is another major factor that is likely to fuel the sales of the home cleaning services. 

Additionally, the advent of COVID-19 pandemic has heightened awareness of the importance of maintaining a clean as well as hygienic living environment. This has led to an increased demand for home cleaning services, as people seek to reduce the risk of exposure to harmful pathogens. Therefore, the growing concern for health and hygiene is also expected to accelerate the sales of the home cleaning services in the near future. 

An increase in disposable income is one of the major factors that is anticipated to propel the market growth during the forecast period. As incomes rise, more people are able to afford home cleaning services. This has led to a growing demand for these services, as people seek to improve their quality of life. 

Technological advancements in the development of new cleaning technologies and products, has made it easier for cleaning service providers to offer high-quality services. This has led to an increase in demand for home cleaning services, as people seek to take advantage of these advances.

Furthermore, there is a growing awareness of the importance of reducing waste and promoting environmental sustainability. This has led to an increase in demand for home cleaning services that use environmentally friendly products and practices. These factors are expected to augment the market growth prospects in the forthcoming years. 

Key Takeaways from the Market Study 

●       In 2023, the global Home Cleaning Services market is estimated to have a global market size of US$ 7.4 Bn.

●       The floor cleaning category is expected to have a 34% market share in 2023 and to dominate the global market from 2023 to 2033.

●       The North American region is predicted to acquire a 30% global market share by 2023.

●       The APAC region is forecast to have a CAGR of 24% over the forecast period of 2023- 2033.

“The increasing awareness and promotion on hygiene awareness, and growing demand for cleaning equipment in household activities are the major factors that are anticipated to augment the growth of the Home Cleaning Services market during the forecast period,” said a Fact.MR analyst.

These insights are based on a report on Home Cleaning Services Market. By Fact.MR.