Many businesses have closed in recent years due to the COVID-19 Pandemic. In the short term, this actually stifled the cleaning services industry. The economy is expected to grow over the next few decades, creating new opportunities for industrial and commercial cleaning companies. A report by Grandview Research suggests that the global cleaning market could reach $468.2B by 2027. Find out what challenges the cleaning industry faces and how they can capitalize on these opportunities.
CHALLENGES FOR THE CLEANING SERVICES INDUSTRY
High Turnover rate
Cleaning service industries are characterized by high turnover, poor training, and low morale. It is difficult for cleaning companies to find well-trained employees, and have a long tenure. In particular, the people who apply for the available positions might not be the right fit. And those who do fit the bill may not stay on the job long.
In addition, it isn’t easy to retain staff when the company culture and working instruments do not meet employee expectations. Low-quality products, like thin, inadequate disposable gloves, can contribute to employee unhappiness.
Fierce competition
Cleaning is a highly competitive industry, as many providers compete for the same clients. Cleaning companies are much cheaper to run than other businesses. Many people will be interested in getting into the business. Businesses must differentiate themselves from the competition in order to stay on top.
Costs Increasing
Even though running a cleaning company is less expensive than operating a traditional corporation or business, the budget still needs to be set aside for expenses such as paying employees and purchasing equipment. The cleaning industry is more competitive now than ever before, thanks to the growing number of cleaning companies. In order to stand out and provide better service, companies must invest more. Robots and AI technology have begun to exert a great influence, with many obvious benefits. They can perform manual and repetitive work, allowing humans to focus on customer-facing activities or more skilled tasks. Cleaning companies will be forced to invest a lot of money in order to stay on top of these technologies and not fall behind.
OPPORTUNITIES FOR CLEANING SERVICES
Sustainable Cleaning
Green cleaning is a trend in the cleaning industry. Cleaning companies are paying more attention to environmental issues and long-term effects. According to Globe Newswire, the global market for green cleaning products could reach $11.6 billion in 2029.
Cleaning products are not the only popular thing. Green cleaning solutions and sustainable cleaning techniques have also become very popular. Cleaning businesses, in particular, can use more sustainable procedures to reduce the amount of chemicals and water they use. It is not only possible to save money, but it also reduces the impact on the environment.
Add-on services & Specialty Cleaning
The specialty cleaning service has a wide range of expansion possibilities. Cleaning services are different for hospitals and schools. Companies must invest in both technology and specialized training for their employees. This will make the market less competitive.
Cleaning companies can also offer additional services like lawn care, facility maintenance, HVAC cleaning, and laundry, which will increase their market value. These add-on services are an easy way to boost revenue and provide useful services to your customers.
Technology
Cleaning companies are exploring new technologies, such as cleaning software, to automate their workflows. Software that is right for your business can be a game changer. The system supports budgeting, preparations for quotations, scheduling of workforce, tracking of billing, and more. This will improve your speed, accuracy, and profitability.
CONCLUSION
The cleaning services industry has seen many ups and downs over the past few years. This is a promising future industry. Be sure to have a strategy in place for your business that will allow it to overcome all obstacles and seize all opportunities.
Synergix Technologies, a leading vendor of ERP in Singapore, is proud to have been a great partner on this journey. Our ERP System is a highly customisable and fully integrated software that will help you to increase your business’ efficiency.
GRANTS
The government offers several grants, with a maximum of 50% support for the costs of adopting the Synergix Cleaning Industry ERP System.
If you have further questions, please get in touch with us to receive a free consultation.