Industry Analysis & Industry Trends
Demand for cleaning services is generally strong and stable, and largely driven by business numbers and the outsourcing of cleaning services. Governments and businesses are increasingly outsourcing cleaning as they concentrate on their core activities and seek out cost efficiencies in operations. Further, a rise in demand for residential cleaning services is resulting from high- and dual-income households and the ageing of the population. Many in-home aged-care programs now offer cleaning services, particularly for disabled people.
Industry clients are increasingly seeking to bundle cleaning, catering, security, maintenance and related services under a single, multi-service contract arrangement... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature phase of its life cycle, with moderate overall revenue growth driven by increasing outsourcing of non-core services by businesses and government, which includes cleaning services. Together with this trend has been steady growth in new and existing clients, particularly from the education and health care sectors, and large commercial enterprises. In the decade through 2019-20, IBISWorld estimates that industry value added (the industry's contribution to national GDP) will increase at an annualised 1.4%, which is lower than estimated total GDP growth over the same period of 2.7%.
Industry growth is also being assisted by the rise in commercial and domestic cleaning franchise operators... purchase to read more