Breaking News

Cleaning services projected to advance 5.5% A Year

December 9, 2005

Revenue for commercial and residential cleaning services is projected to advance 5.5% a year through 2009, reaching more than $60 billion, according to “Commercial & Residential Cleaning Services,” a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.
According to the report, growth will be driven by the continuing trend toward outsourcing noncore activities among businesses and by the growing number of consumers who have neither the time nor the inclination to do their own cleaning. Improvement in the overall economy will lead to a steady increase in nonresidential floor space and a projected acceleration in the growth of the number of business establishments. Both of these trends will increase the potential market for contract cleaning services, the study reports.
The institutional and office markets will remain the largest segments for cleaning services, together accounting for nearly 55% of revenues in 2009. However, these segments have a relatively high level of market maturity, which will limit growth somewhat. The residential market will continue to comprise nearly 18% of revenues in 2009. More info: www.freedoniagroup.com.
  • Fit for Fitness

    Fit for Fitness

    Christine Esposito, Associate Editor||February 21, 2017
    Kinx Active is a new brand targeting women who want beauty products that can stand up to their fitness routines.

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Cashing In on Coconuts

    Cashing In on Coconuts

    Melissa Meisel, Associate Editor||February 6, 2017
    Organic to Green is making waves for its new oils and eco-friendly packaging.

  • Trade Association Directory 2017

    February 2, 2017
    Contact details of trade associations that serve various segments of our industry and are mentioned frequently in Happi.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.