III. Industry Analysis
[Company Name] competes against small, independent commercial cleaning businesses and major national chains. The industry’s market size is expected to grow 4.1% to reach $75.6 billion in the next year. The commercial cleaning industry in the US is the 4th ranked Services industry by market size in the US.
The Commercial Cleaning industry in the US increased faster than the overall economy. The primary positive factors affecting this industry are the industrial production index and the number of businesses.
Further, it is anticipated that businesses often expand when corporate profit grows, leading to greater demand for janitorial services. Corporate profit is expected to increase in the coming years, representing a potential opportunity for the industry.