Janitorial Services in the US - Industry Market Research Report

Clean sweep: Economic growth moving forward is expected to support revenue growth

Janitorial services companies rely heavily on economic growth for revenue, as commercial cleaning services make up more than two-thirds of janitorial services sales. When the economy is doing well, cleaning companies provide services on a more frequent basis and can charge higher prices, as their clients have more funds to spend. Households account for a smaller but still significant revenue share. Residential cleaning services are subject to fluctuations in mortgage rates, as lower rates tend to be linked to a higher number of home purchases. Over the past five years, janitorial services revenue is expected to grow at a CAGR of 1.2% to $90.1 billion, including an increase of 0.4% in 2023 alone. Industry profit, measured as earnings before interest and taxes, has remained constant at 6.7% of revenue. Operators in the Janitorial Services industry clean building interiors, the inner parts of transportation equipment, including aircraft, railcars and ships, and windows. Industry activities include contract cleaning services for factories, retail outlets, shopping centers and malls, business and government offices, trains and airlines and house-cleaning services. 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.