Janitorial Services in Canada - Industry Market Research Report

Lemon scented: New business growth is expected to broaden operators' potential customer base

Janitorial services companies are largely dependent on the cleaning needs and budgets of downstream businesses and property owners, as most revenue stems from the commercial sector. Due to the cyclical nature of the industry, operators are typically affected by economic trends. Moreover, due to the COVID-19 pandemic, industry revenue declined in 2020 as nonessential businesses were forced to shut down. However, new pandemic-related cleaning regulations helped sustain revenue from decreasing further over the past five years. Even now, as the world settles back to normal, many businesses continue to keep up their cleaning standards. Janitorial Services industryt revenue has been decreasing at an annualized rate of 0.5% to $10.0 billion over the five years to 2023, including an estimated 1.0% drop in 2023 alone, when profit margins are set to drop to 12.1%. Operators in the Janitorial Services industry in Canada clean windows and the interior spaces of buildings and transportation equipment. Common industry activities include cleaning residential buildings, offices, retail complexes, industrial buildings, healthcare facilities, educational facilities, government buildings and commercial aircraft. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.