International. Amid the COVID-19 crisis, the global home cleaning services market, estimated at $5.6 billion in 2020, is projected to reach a revised size of $10 billion by 2026, with compound annual growth of 9.6% during the analysis period.
The pandemic has made sanitation more important than ever, exponentially accelerating the demand for residential cleaning services. In addition to driving the introduction of advanced products and specialized services, the scenario is driving companies to focus on diversification and sustainable options. Although there could be considerable headwinds from short-term economic and healthcare crises, the long-term growth prospects for the residential cleaning services industry look bright.
Consumer demand for residential cleaning services is increasing at a significant rate due to the growing number of dual-income households. Such a high growth in demand is increasing the number of professional residential cleaners on the market. Being a pressing health issue, allergies remain one of the main drivers of the growing demand for home cleaning services.
The factor is also playing an important role in increasing the adoption of eco-friendly and natural cleaning solutions at the expense of traditional products that are based on chemicals known to aggravate allergies. In recent years, a large number of companies offering home cleaning services have begun to adopt eco-friendly cleaning solutions to help people with allergies.
The growth of the industry is also increased by the remarkable expansion of the healthcare sector and the increase in the geriatric population. Seniors who need help with daily routine and health care needs are unable to clean their homes. These seniors often rely on cleaning service providers for their homes.
The phenomenal growth exhibited by the home cleaning services industry can also be attributed to the continued expansion of the commercial real estate sector. The need for constant care and cleaning for commercial properties presents enormous business opportunities for cleaning service providers.
The United States represents 22.3% of the market
The home cleaning services market in the U.S. is estimated at US$1.5 billion in the year 2021. The country currently accounts for a 22.3% share of the global market. China, the world's second largest economy, is projected to reach an estimated market size of USD 1400 million by 2026, with a CAGR of 13% during the analysis period.