Services to Buildings and Dwellings Market: Growing Demand Driven by Pest Concerns
Services To Buildings And Dwellings Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company's Services To Buildings And Dwellings Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LANDON, GREATER LANDON, UK, November 29, 2023 /EINPresswire.com/ -- The global services to buildings and dwellings market is poised for substantial growth, surging from $937.57 billion in 2022 to an estimated $1,033.4 billion in 2023, marking a commendable Compound Annual Growth Rate (CAGR) of 10.2%. Projections indicate a continued upward trajectory, with the services to buildings and dwellings market expected to reach $1,473.76 billion by 2027, maintaining a robust CAGR of 9.3%.
Pest Incidence Fuels Market Growth
The escalation in the incidence of pests and bugs within households emerges as a significant driver propelling the services to buildings and dwellings market. Pests such as ants, termites, roaches, mosquitoes, and rodents pose various hazards, ranging from structural damage to acting as disease vectors. Termites, for example, can cause costly structural damage, while mosquitoes and ticks can contribute to the spread of diseases. Additionally, pests like cockroaches and rodents can lead to the transmission of diseases such as salmonella and rat bite fever, triggering demand for building and dwelling services. The 2021 American Housing Survey reported 2.9 million sightings of roaches and rodents in U.S. homes, emphasizing the need for pest control services. The increase in pest incidents is anticipated to be a driving force for the services to buildings and dwellings market.
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Key Players Shaping the Market Landscape
Major companies contributing to the services to building and dwellings market include ABM Industries Inc., Rentokil Initial, BrightView, Rollins, ServiceMaster, TruGreen, Mitie Group PLC, Davey Tree Expert Company, Vonovia SE, and Chemed Corp. These industry leaders play a crucial role in influencing market dynamics and catering to the growing demand for building and dwelling services.
IoT Integration for Enhanced Monitoring
Companies in the services to buildings and dwellings sector are increasingly leveraging Internet of Things (IoT) technology for efficient monitoring and maintenance of client sites. IoT facilitates the seamless monitoring of system deficiencies and ongoing processes through video surveillance and motion sensors. Automation and control integrated into a single device, along with intra-device communication, simplify the detection of issues within client sites. This proactive approach enables service providers to respond promptly, preventing major breakdowns. The adoption of IoT in this sector underscores the industry's commitment to technological advancements for improved service delivery.
Regional Insights and Market Segmentation
In 2022, North America emerged as the largest region in the services to buildings and dwellings market, highlighting its dominance in the industry. Following closely, Asia-Pacific secured the second-largest position, emphasizing the global scope of building and dwelling services. The comprehensive market analysis covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The global services to buildings and dwellings market is segmented -
1) By Type: Exterminating And Pest Control Services, Janitorial Services, Landscaping Services, Carpet And Upholstery Cleaning Services, Other Services to Buildings And Dwellings
2) By Mode: Online, Offline
3) By Application: Commercial, Industrial, Governmental, Institutional, Residential, Municipal
For comprehensive insights into market dynamics and future trends, please refer to the complete report:
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Services to Buildings And Dwellings Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Services to Buildings And Dwellings Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on services to buildings and dwellings market size, services to buildings and dwellings market drivers and trends, services to buildings and dwellings market major players, services to buildings and dwellings market competitors' revenues, services to buildings and dwellings market positioning, and services to buildings and dwellings market growth across geographies. The services to buildings and dwellings market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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