SpendEdge Forecasts a Spend Growth of Over USD 30 Billion for the Janitorial Services Industry

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SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Janitorial Services Industry “ Procurement Intelligence Report.

The janitorial services industry is witnessing demand from both the commercial and residential sectors that will increase at an exponential rate. In the commercial sector, window cleaning, vacuuming, floor care, and other services such as kit cleaning and dusting are some of the types of janitorial services that are in high demand. Meanwhile, in the residential sector, factors such as improvement in the purchasing power of the middle-class demography will create the demand for services such as maid services, carpet cleaning, and window cleaning. This will drive the spend momentum of the janitorial services industry at a CAGR of over 4% between 2018-2022.

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In terms of regional category spend, North America holds the majority market share, accounting for approximately 34% of the total spend on janitorial services, says SpendEdge procurement expert Tridib Bora.

However, in this labor-intensive industry, the increase in employee expenses incurred by suppliers will act as one of the prominent spend accelerators in the janitorial services industry. For buyers, the optimization of procurement spend will be highly dependent on their negotiation and selection strategies with suppliers.

What are the janitorial services price trends that are driving the overall price structure in the global janitorial services industry?

  • The rising wages of janitors and housemaids are resulting in category price growth in the US. In some US states, the salary of housemaids rose by around 2% year-over-year in 2017. This pricing trend is expected to continue throughout the forecast period.
  • The increase in the number of high-rise and commercial buildings is a primary volume driver impacting the pricing of janitorial services. Office cleaning accounts for a large revenue share for the janitorial cleaning services market and this trend is expected to continue through 2023. The growing number of buildings with offices will result in an increased demand for expert janitorial service providers.

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What are the scopes of optimizing procurement spend in the janitorial services industry?

  • Buyers are advised to focus on suppliers efficiency in the management of utilities. Misuse of utilities will lead to wastage of resources and also result in additional costs for buyers. It is recommended that buyers engage with janitorial services suppliers who use technologies to manage their utilities effectively, without compromising on service performance.
  • It is advised that buyers invite bids from all potential suppliers who can meet their overall requirements. This will help buyers compare bids and select the best offer. They can also use standard scorecards to evaluate suppliers and provide necessary comments to rationalize the given scores. This helps them effectively document the janitorial services supplier selection process.
  • Preference should be given to suppliers who are willing to provide extra services along with the package selected. The commonly offered value-added services include services such as building maintenance services and security services. This will help buyers consolidate their spend in the janitorial services industry.

SpendEdges sample reports are free of charge and contain multiple sections of the report that offer insights into the global and regional price trends, supply market scenario, procurement best practices, and more. Request a free sample of this janitorial services industry procurement intelligence report.

Some of the key topics covered in this report are:

  • Janitorial services industry spend segmentation by region
  • Total cost of ownership analysis in the janitorial services industry
  • Regional spend opportunity for janitorial services suppliers
  • Janitorial services suppliers cost structure
  • Janitorial services suppliers selection criteria
  • Janitorial services suppliers under coverage
  • Procurement best practices
  • Category management objectives
  • Cost saving opportunities in the janitorial services industry

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

SpendEdge

Anirban Choudhury

Marketing Manager

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