Your Guide to the Cleaning Industry
The cleaning industry is a critical part of our economy, with millions of people employed worldwide. It encompasses a wide range of services, including residential and commercial cleaning, janitorial services, and specialized services such as carpet and window washing. In today’s article, we’ll explore how big the industry is, the challenges it faces, and the available home-based franchise opportunities.
How big is the cleaning industry?
According to IBISWorld, the global cleaning services market is worth $450 billion and is expected to grow to $650 billion by 2026. The United States is the largest market, with a revenue of $66 billion in 2021. Within the US, the commercial services sector is the largest, accounting for 40% of the total revenue. The residential sector is the second-largest, with a revenue of $4 billion in 2021.
What are the challenges in the cleaning industry?
There are a number of challenges within the industry, including competition, regulation, and labor shortages. It’s highly fragmented, with a large number of small businesses competing for market share. This can make it difficult for larger companies to differentiate themselves and attract customers.
Additionally, it’s also heavily regulated, with strict rules around the use and disposal of cleaning chemicals, as well as health and safety standards. This can create additional costs and administrative burdens for companies.
Perhaps the biggest challenge today is the shortage of labor. This has been exacerbated by the COVID-19 pandemic, which has led to increased demand in many industries. However, many cleaning companies are struggling to find and retain qualified workers. This can lead to a decrease in the quality of service provided and increased labor costs as companies offer higher wages and benefits to attract workers.
Opportunities for entrepreneurs and franchisees
Despite the challenges, there are still plenty of opportunities for entrepreneurs and franchisees. One of the biggest advantages is that the industry is relatively recession-proof. Even during economic downturns, businesses and households still need to be cleaned. It is also growing, with an increasing demand for specialized services such as green cleaning and disinfection.
For entrepreneurs looking to enter this industry, one option is to start a small business focusing on residential or small commercial properties. This can be a low-cost way to get started, but it may be challenging to compete with larger companies. Another option is to invest in a cleaning franchise, which can provide access to established brand recognition, training, and support.
When it comes to franchisees, there are a wide variety available, including commercial, residential, and specialized cleaning franchises such as carpet cleaning or restoration. Many of them offer a turnkey business model, providing everything from training to marketing support to help you get started quickly and efficiently.
In conclusion, the cleaning industry is a vital part of the economy, with significant growth potential in the coming years. While there are certainly challenges facing it, there are also plenty of opportunities to start and grow successful businesses.
What are the best home-based franchise opportunities?
When you want to learn more about the role of technology in a cleaning business or how to properly train your cleaners, reach out to MaidThis Franchise. We’ll provide you with all the skills and tools you need to kickstart your business and stay ahead of the competition by giving you access to a range of low-risk, competitive advantages. We boast outstanding customer service that ensures your clients keep coming back.
Join our team and become a part of a reputable organization that guarantees your profit. You can choose to work from a physical location or remotely. Give us a call today!