With a growing impetus on our Prime Minister’s pitch to Make in India, the commercial cleaning market has seeing a greater demand and this sector is poised to grow at 17% in the next 4 years (Source: Technavio Research Report). Currently clocking a CAGR of 14%, the Indian facility management market, is expected to cross US$20 billion by 2020.
Given the above statistics, it surely seems the right time to invest in the sector. However, here are some arguments to support the same.
What will help the industry gain traction in the market is the growing transition towards global and regional procurement. Several companies have started preferring a global or regional model for outsourcing to save operational costs and also to ensure quality control through standardization. End-user industries will start outsourcing facilities management to a single vendor for centralizing their facility management services across different locations and as a result, small companies will find it difficult to survive the market making way for globalized companies like Jan-Pro.
Further, the industrial growth is evident in Tier I, Tier II, Tier III and smart cities where new organized players have an advantage as the market is still fragmented and unorganized. Our impeccable service record, innovative cleaning methods and a high rate of retention of our cleaning staff is likely to gain traction over a local housekeeping vendor.
Moreover, quality is a major issue and often it is not maintained. If a company offers quality performance at competitive prices, the growth potential is exponential.
Having put forward the above arguments, we certainly do feel it’s the opportune moment to invest in a commercial cleaning franchise of repute likeJan Pro India.