Industry Analysis & Industry Trends
After losing revenue due to weak demand from households and businesses during the recession, the industry is set to continue growing revenue over the next five years. The economic recovery will boost demand for cleaning services, and the rate of nonresidential construction will also experience an uptick, further driving demand... purchase to read more
Industry Report - Industry Analysis Chapter
In the five years to 2013, revenue for the Janitorial Services industry is expected to increase at an average annual rate of 0.7% to total $49.3 billion. The industry derives the majority of its revenue from the commercial market, though government clients and households are also important sectors for the industry. During the recovery period, demand for industry services has increased steadily due to rising business formation and a decline in office rental vacancy rates. However, the industry was only achieved slow annualized growth over the period because of the recessionary dip in 2009. During the height of the recession, clients curtailed expansion plans, cut staff and even shuttered operations... purchase to read more