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RELEASED: DECEMBER 2008
After researching the UK contract cleaning market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 200-2008:
The UK market for contract cleaning is anticipated to increase by a moderate 2% to £5727 million in the current year, continuing the growth trend evident in recent years. Indeed, this consolidates cumulative growth of 14% evident between 2004 and 2007. Annual growth levels are expected to slow from 5% during both 2006 and 2007, to a more moderate 2% in 2008, reflecting the economic downturn and price competition in an industry where customer loyalty is becoming less prevalent as clients seek more competitive contracts prior to renewal. Furthermore, volume demand is reportedly declining as smaller and medium sized companies are internalising certain cleaning duties.
MARKET FORECAST 2008-2012:
The UK market for contract cleaning is projected to increase throughout the forecast period, although annual levels of growth are expected to remain moderate between a marginal level and 3%. Between 2008 and 2013, the value of the contract cleaning market is anticipated to increase by a cumulative 7%, reaching £6148 million (at 2008 prices) in the latter year.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Contract Cleaning Market Research Report
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