With normalcy continuing to look different given the current state of the world, you may be curious about how certain businesses are faring now and what the future holds. What’s the forecast like for the window washing industry? Learn more about current and projected trends.
The Cleaning Services Market as a Whole
The global cleaning services market, including window washing, floor cleaning, vacuuming, and air duct cleaning, among other similar services, was valued at $55,715 million in 2020. With a Compound Annual Growth Rate (CAGR) of 6.5 percent, it is projected that the global cleaning services market will be worth $111,498.8 million by 2030. The window washing industry is projected to be the second-highest value market next to floor cleaning by the year 2030.
COVID’s Impact on the Window Washing Industry
Due to social distancing mandates and more employees working remotely, many people have moved from congested cities to suburban areas. In 2021, the housing market broke records across the board. Demand was high, supply was limited, and mortgage rates were the lowest the market had seen in years. According to industry experts, 2022 is predicted to be a strong year for the housing market. This creates a plethora of opportunities for window cleaners. Often a service outsourced by homeowners, professional window cleaning services could very well see a rise in demand in line with the increase of home sales, according to a report from IBIS World.
A Recession & Pandemic Resistant Business
Vital to any business venture is whether or not it can handle the strain of economic uncertainty. The window washing industry has proven to be both pandemic and recession-resistant, given that window, washers tend to work individually. This lowers the risk of COVID-19 exposure for both parties.
Window cleaning also services two areas: residential and commercial. While offices were vacated due to employees shifting to remote work, homes still needed to be cleaned (using proper precautions). As employees return to work, demand for cleaning services in workplaces will increase. Window cleaning businesses have the ability to adapt in most circumstances.
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