growing at a compound annual rate of more than 6%,
according to Allied Market Research.
North America is the largest cleaning services market,
while the Asia/Pacific region is expected to grow at the fastest rate.
The US janitorial services and carpet cleaning industry consists
of about 58,000 janitorial establishments
(single-location companies and units of multi-location companies)
with combined annual revenue of about $45 billion.
Construction spending and office vacancy rates are demand indicators
for nonresidential janitorial and carpet cleaning services.
China, India, and the US are expected to account for more than half
of global construction growth between 2015 and 2030.
Industry Indicators The value of US nonresidential construction spending,
a driver for commercial cleaning services demand,
rose 5.1% year-to-date in April 2018 compared to the same period in 2017.
The value of US residential construction spending,
which impacts demand for carpet cleaning services,
rose 8.7% year-to-date in April 2018 compared to the same period in 2017.
Total US revenue for other administrative and support services,
which includes janitorial services and carpet cleaning,
rose 7.8% in the first quarter of 2018 compared to previous years.
ProNova Partners Buyer Profile & NDA
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