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.
  • The Good, The Bad Can Get Ugly

    The Good, The Bad Can Get Ugly

    March 28, 2017
    If you are what you eat, you may really be in trouble!

  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?