UK Industrial Cleaning Activities Research Report: Hospitals Continue to Outsource Cleaning, Boosting Revenue [Yahoo! Finance]
MITIE GROUP PLC UNSP/ADR (MITFY)
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Source: Yahoo! Finance
Industrial cleaners' revenue has risen at a compound annual rate of 2.1% over the five years through 2022-23 to £1.2 billion. The industry has benefitted from the outsourcing of cleaning services by the healthcare sector and rises in the number of UK businesses. The construction of high-density apartments and commercial buildings with glass exteriors has aided demand. Operators in the industry provide a number of cleaning services to clients in various sectors. Services include window cleaning for residential and non-residential buildings, specialist cleaning, industrial equipment and exterior cleaning for buildings. The industry does not include the provision of general building cleaning, typically the interior cleaning of residential and commercial properties. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry
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